BKHY vs. BKIE
BKHY (BNY Mellon High Yield Beta ETF) and BKIE (BNY Mellon International Equity ETF) are both exchange-traded funds - BKHY is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield Index, while BKIE is a Foreign Large Cap Equities fund tracking the Morningstar Developed Markets ex-US Large Cap Index. Both are passively managed. Over the past 5 years, BKHY returned 4.19%/yr vs 9.22%/yr for BKIE. A 0.66 correlation means they provide meaningful diversification when combined. BKHY charges 0.22%/yr vs 0.04%/yr for BKIE.
Performance
BKHY vs. BKIE - Performance Comparison
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Returns By Period
In the year-to-date period, BKHY achieves a 1.83% return, which is significantly lower than BKIE's 9.30% return.
BKHY
- 1D
- 0.10%
- 1M
- 0.54%
- YTD
- 1.83%
- 6M
- 2.02%
- 1Y
- 7.19%
- 3Y*
- 8.93%
- 5Y*
- 4.19%
- 10Y*
- —
BKIE
- 1D
- 0.78%
- 1M
- 2.61%
- YTD
- 9.30%
- 6M
- 11.55%
- 1Y
- 23.04%
- 3Y*
- 17.90%
- 5Y*
- 9.22%
- 10Y*
- —
BKHY vs. BKIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BKHY BNY Mellon High Yield Beta ETF | 1.83% | 8.48% | 8.37% | 12.40% | -10.97% | 4.75% | 17.83% |
BKIE BNY Mellon International Equity ETF | 9.30% | 32.08% | 4.63% | 18.25% | -13.60% | 13.75% | 34.17% |
Correlation
The correlation between BKHY and BKIE is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2020 | 0.66 |
The correlation between BKHY and BKIE has been stable across timeframes, ranging from 0.66 to 0.68 - a consistent structural relationship.
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Return for Risk
BKHY vs. BKIE — Risk / Return Rank
BKHY
BKIE
BKHY vs. BKIE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon High Yield Beta ETF (BKHY) and BNY Mellon International Equity ETF (BKIE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BKHY | BKIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.28 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 2.03 | +0.83 |
| Martin ratioReturn relative to average drawdown | 13.14 | 7.83 | +5.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BKHY | BKIE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 1.59 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.57 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.92 | -0.02 |
Drawdowns
BKHY vs. BKIE - Drawdown Comparison
The maximum BKHY drawdown since its inception was -15.89%, smaller than the maximum BKIE drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for BKHY and BKIE.
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Drawdown Indicators
| BKHY | BKIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.89% | -28.19% | +12.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | -11.41% | +8.88% |
Max Drawdown (3Y)Largest decline over 3 years | -4.87% | -13.19% | +8.32% |
Max Drawdown (5Y)Largest decline over 5 years | -15.89% | -28.19% | +12.30% |
Current DrawdownCurrent decline from peak | -0.17% | -0.56% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -2.97% | -4.98% | +2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 2.95% | -2.40% |
Volatility
BKHY vs. BKIE - Volatility Comparison
The current volatility for BNY Mellon High Yield Beta ETF (BKHY) is 1.12%, while BNY Mellon International Equity ETF (BKIE) has a volatility of 4.31%. This indicates that BKHY experiences smaller price fluctuations and is considered to be less risky than BKIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKHY | BKIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 4.31% | -3.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 12.19% | -9.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.69% | 14.58% | -10.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.58% | 16.12% | -8.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.36% | 16.33% | -8.97% |
BKHY vs. BKIE - Expense Ratio Comparison
BKHY has a 0.22% expense ratio, which is higher than BKIE's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BKHY vs. BKIE - Dividend Comparison
BKHY's dividend yield for the trailing twelve months is around 7.46%, more than BKIE's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BKHY BNY Mellon High Yield Beta ETF | 7.46% | 7.33% | 7.34% | 8.67% | 6.59% | 6.78% | 4.65% |
BKIE BNY Mellon International Equity ETF | 3.24% | 3.12% | 3.31% | 2.88% | 2.97% | 2.58% | 1.49% |
Frequently Asked Questions
BKHY and BKIE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKIE has higher volatility (4.31%) compared to BKHY (1.12%). In terms of maximum drawdown, BKHY dropped -15.89% vs BKIE's -28.19%.
On 5-year performance, BKIE leads with 9.22% vs 4.19% for BKHY. On fees, BKIE is cheaper at 0.04% per year. On volatility, BKHY has been the lower-risk option at 1.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BKIE has performed better with a 9.22% return vs 4.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BKIE is cheaper with a 0.04% expense ratio, compared with 0.22% for BKHY.
BKHY has the higher dividend yield at 7.46%, compared with 3.24% for BKIE.
BKHY is categorized as High Yield Bonds, while BKIE is Foreign Large Cap Equities. BKHY tracks Bloomberg US Corporate High Yield Index, while BKIE tracks Morningstar Developed Markets ex-US Large Cap Index. Their fees differ too: 0.22% for BKHY and 0.04% for BKIE.
BKHY currently has the higher Sharpe Ratio (1.96 vs 1.59), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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