BKHY vs. SCYB
BKHY (BNY Mellon High Yield Beta ETF) and SCYB (Schwab High Yield Bond ETF) are both High Yield Bonds funds - BKHY tracks the Bloomberg US Corporate High Yield Index while SCYB tracks the ICE BofA US Cash Pay High Yield Constrained Index. Both are passively managed. Over the past 3 years, BKHY returned 8.60%/yr vs 8.45%/yr for SCYB. Their correlation of 0.91 means they have usually moved in the same direction. BKHY charges 0.22%/yr vs 0.03%/yr for SCYB.
Performance
BKHY vs. SCYB - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BKHY having a 2.54% return and SCYB slightly lower at 2.42%.
BKHY
- 1D
- 0.32%
- 1M
- 0.19%
- 6M
- 1.77%
- YTD
- 2.54%
- 1Y
- 5.76%
- 3Y*
- 8.60%
- 5Y*
- 4.07%
- 10Y*
- —
- ALL TIME*
- 6.55%
SCYB
- 1D
- 0.33%
- 1M
- 0.27%
- 6M
- 1.71%
- YTD
- 2.42%
- 1Y
- 5.58%
- 3Y*
- 8.45%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.29M | $953.81K | $870.21K | |
| $26.70M | $28.28M | $31.29M |
BKHY vs. SCYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BKHY BNY Mellon High Yield Beta ETF | 2.54% | 8.48% | 8.37% | 7.45% |
SCYB Schwab High Yield Bond ETF | 2.42% | 8.33% | 8.15% | 7.29% |
Correlation
The correlation between BKHY and SCYB is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2023 | 0.91 |
The correlation between BKHY and SCYB has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
BKHY vs. SCYB — Risk / Return Rank
BKHY
SCYB
BKHY vs. SCYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon High Yield Beta ETF (BKHY) and Schwab High Yield Bond ETF (SCYB). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BKHY | SCYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.29 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 2.29 | -0.01 |
| Martin ratioReturn relative to average drawdown | 10.28 | 10.01 | +0.28 |
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Drawdowns
BKHY vs. SCYB - Drawdown Comparison
The maximum BKHY drawdown since its inception was -15.89%, which is greater than SCYB's maximum drawdown of -4.92%. Use the drawdown chart below to compare losses from any high point for BKHY and SCYB.
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Drawdown Indicators
| BKHY | SCYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.89% | -4.92% | -10.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | -2.44% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -4.87% | -4.92% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -15.89% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.90% | -0.50% | -2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.56% | 0.00% |
Volatility
BKHY vs. SCYB - Volatility Comparison
BNY Mellon High Yield Beta ETF (BKHY) has a higher volatility of 0.89% compared to Schwab High Yield Bond ETF (SCYB) at 0.81%. This indicates that BKHY's price experiences larger fluctuations and is considered to be riskier than SCYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKHY | SCYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 0.81% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | 3.06% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.72% | 3.76% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.59% | 5.04% | +2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.28% | 5.04% | +2.24% |
BKHY vs. SCYB - Expense Ratio Comparison
BKHY has a 0.22% expense ratio, which is higher than SCYB's 0.03% 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. SCYB - Dividend Comparison
BKHY's dividend yield for the trailing twelve months is around 7.41%, more than SCYB's 6.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BKHY BNY Mellon High Yield Beta ETF | 7.41% | 7.33% | 7.34% | 8.67% | 6.59% | 6.78% | 4.65% |
SCYB Schwab High Yield Bond ETF | 6.91% | 6.99% | 7.06% | 3.36% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BKHY and SCYB have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKHY has higher volatility (0.89%) compared to SCYB (0.81%). In terms of maximum drawdown, BKHY dropped -15.89% vs SCYB's -4.92%.
On 3-year performance, BKHY leads with 8.60% vs 8.45% for SCYB. On fees, SCYB is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BKHY has performed better with a 8.60% return vs 8.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCYB is cheaper with a 0.03% expense ratio, compared with 0.22% for BKHY.
BKHY has the higher dividend yield at 7.41%, compared with 6.91% for SCYB.
BKHY tracks Bloomberg US Corporate High Yield Index, while SCYB tracks ICE BofA US Cash Pay High Yield Constrained Index. They also come from different issuers: BNY Mellon and Charles Schwab. Their fees differ too: 0.22% for BKHY and 0.03% for SCYB.
BKHY currently has the higher Sharpe Ratio (1.55 vs 1.49), 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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