BKHY vs. ESHY

Last updated Jun 3, 2026

BKHY (BNY Mellon High Yield Beta ETF) and ESHY (Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - BKHY tracks the Bloomberg US Corporate High Yield Index while ESHY tracks the JPMorgan ESG DM Corporate High Yield USD Index. Both are passively managed. BKHY charges 0.22%/yr vs 0.20%/yr for ESHY.

Performance

BKHY vs. ESHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon High Yield Beta ETF (BKHY) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BKHY

• 1D: 0.15%
• 1M: 0.50%
• YTD: 2.00%
• 6M: 2.32%
• 1Y: 7.78%
• 3Y*: 8.93%
• 5Y*: 4.26%
• 10Y*: —

ESHY

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BKHY vs. ESHY - Yearly Performance Comparison

	2026 (YTD)
BKHY BNY Mellon High Yield Beta ETF	1.22%
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%

Return for Risk

BKHY vs. ESHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BKHY

BKHY Risk / Return Rank: 67
BKHY Sharpe Ratio Rank: 62
BKHY Sortino Ratio Rank: 69
BKHY Omega Ratio Rank: 70
BKHY Calmar Ratio Rank: 61
BKHY Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BKHY vs. ESHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon High Yield Beta ETF (BKHY) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). 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	ESHY	Difference
Sharpe ratio Return per unit of total volatility	2.12	—	—
Sortino ratio Return per unit of downside risk	3.21	—	—
Omega ratio Gain probability vs. loss probability	1.43	—	—
Calmar ratio Return relative to maximum drawdown	3.07	—	—
Martin ratio Return relative to average drawdown	14.14	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BKHY	ESHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	—	—

Drawdowns

BKHY vs. ESHY - Drawdown Comparison

The maximum BKHY drawdown since its inception was -15.89%, which is greater than ESHY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for BKHY and ESHY.

Drawdown Indicators

	BKHY	ESHY	Difference
Max Drawdown Largest peak-to-trough decline	-15.89%	0.00%	-15.89%
Max Drawdown (1Y) Largest decline over 1 year	-2.53%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.87%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.89%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.98%	0.00%	-2.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.55%	—	—

Volatility

Volatility by Period

	BKHY	ESHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.13%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.68%	0.00%	+3.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.58%	0.00%	+7.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.37%	0.00%	+7.37%

BKHY vs. ESHY - Expense Ratio Comparison

BKHY has a 0.22% expense ratio, which is higher than ESHY's 0.20% 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. ESHY - Dividend Comparison

BKHY's dividend yield for the trailing twelve months is around 7.44%, while ESHY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
BKHY BNY Mellon High Yield Beta ETF	7.44%	7.33%	7.34%	8.67%	6.59%	6.78%	4.65%
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, BKHY or ESHY?

On fees, ESHY is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BKHY or ESHY?

ESHY is cheaper with a 0.20% expense ratio, compared with 0.22% for BKHY.

Which ETF pays a higher dividend yield, BKHY or ESHY?

BKHY has the higher dividend yield at 7.44%, compared with 0.00% for ESHY.

What is the main difference between BKHY and ESHY?

BKHY tracks Bloomberg US Corporate High Yield Index, while ESHY tracks JPMorgan ESG DM Corporate High Yield USD Index. They also come from different issuers: BNY Mellon and Deutsche Bank. Their fees differ too: 0.22% for BKHY and 0.20% for ESHY.