BKIE vs. BKUI
BKIE (BNY Mellon International Equity ETF) and BKUI (BNY Mellon Ultra Short Income ETF) are both exchange-traded funds - BKIE is a Foreign Large Cap Equities fund tracking the Morningstar Developed Markets ex-US Large Cap Index, while BKUI is a Ultrashort Bond fund actively managed by BNY Mellon. BKIE is passively managed, while BKUI is actively managed. Over the past 3 years, BKIE returned 17.39%/yr vs 5.21%/yr for BKUI. At a 0.18 correlation, their price movements are largely independent. BKIE charges 0.04%/yr vs 0.12%/yr for BKUI.
Performance
BKIE vs. BKUI - Performance Comparison
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Returns By Period
In the year-to-date period, BKIE achieves a 8.46% return, which is significantly higher than BKUI's 1.42% return.
BKIE
- 1D
- -0.89%
- 1M
- 3.12%
- YTD
- 8.46%
- 6M
- 11.11%
- 1Y
- 22.58%
- 3Y*
- 17.39%
- 5Y*
- 9.05%
- 10Y*
- —
BKUI
- 1D
- -0.01%
- 1M
- 0.33%
- YTD
- 1.42%
- 6M
- 1.74%
- 1Y
- 4.32%
- 3Y*
- 5.21%
- 5Y*
- —
- 10Y*
- —
BKIE vs. BKUI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BKIE BNY Mellon International Equity ETF | 8.46% | 32.08% | 4.63% | 18.25% | -13.60% | -0.08% |
BKUI BNY Mellon Ultra Short Income ETF | 1.42% | 4.93% | 5.50% | 5.75% | -0.08% | -0.26% |
Correlation
The correlation between BKIE and BKUI is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2021 | 0.18 |
The correlation between BKIE and BKUI shifts across timeframes, from 0.18 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BKIE vs. BKUI — Risk / Return Rank
BKIE
BKUI
BKIE vs. BKUI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon International Equity ETF (BKIE) and BNY Mellon Ultra Short Income ETF (BKUI). 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.
| BKIE | BKUI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.97 | ||
| Sortino ratioReturn per unit of downside risk | -23.02 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 6.02 | -4.74 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 32.56 | -30.57 |
| Martin ratioReturn relative to average drawdown | 7.68 | 230.94 | -223.27 |
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
| BKIE | BKUI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 10.52 | -8.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 6.08 | -5.17 |
Drawdowns
BKIE vs. BKUI - Drawdown Comparison
The maximum BKIE drawdown since its inception was -28.19%, which is greater than BKUI's maximum drawdown of -1.72%. Use the drawdown chart below to compare losses from any high point for BKIE and BKUI.
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Drawdown Indicators
| BKIE | BKUI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.19% | -1.72% | -26.47% |
Max Drawdown (1Y)Largest decline over 1 year | -11.41% | -0.13% | -11.28% |
Max Drawdown (3Y)Largest decline over 3 years | -13.19% | -0.25% | -12.94% |
Max Drawdown (5Y)Largest decline over 5 years | -28.19% | — | — |
Current DrawdownCurrent decline from peak | -1.33% | -0.01% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -4.98% | -0.27% | -4.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 0.02% | +2.93% |
Volatility
BKIE vs. BKUI - Volatility Comparison
BNY Mellon International Equity ETF (BKIE) has a higher volatility of 4.42% compared to BNY Mellon Ultra Short Income ETF (BKUI) at 0.15%. This indicates that BKIE's price experiences larger fluctuations and is considered to be riskier than BKUI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKIE | BKUI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 0.15% | +4.27% |
Volatility (6M)Calculated over the trailing 6-month period | 12.17% | 0.31% | +11.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.58% | 0.41% | +14.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 0.59% | +15.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.34% | 0.59% | +15.75% |
BKIE vs. BKUI - Expense Ratio Comparison
BKIE has a 0.04% expense ratio, which is lower than BKUI's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BKIE vs. BKUI - Dividend Comparison
BKIE's dividend yield for the trailing twelve months is around 3.26%, less than BKUI's 4.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BKIE BNY Mellon International Equity ETF | 3.26% | 3.12% | 3.31% | 2.88% | 2.97% | 2.58% | 1.49% |
BKUI BNY Mellon Ultra Short Income ETF | 4.21% | 4.48% | 5.11% | 4.29% | 1.82% | 0.22% | 0.00% |
Frequently Asked Questions
BKIE and BKUI have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKIE has higher volatility (4.42%) compared to BKUI (0.15%). In terms of maximum drawdown, BKIE dropped -28.19% vs BKUI's -1.72%.
On 3-year performance, BKIE leads with 17.39% vs 5.21% for BKUI. On fees, BKIE is cheaper at 0.04% per year. On volatility, BKUI has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BKIE has performed better with a 17.39% return vs 5.21%. 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 0.12% for BKUI.
BKUI has the higher dividend yield at 4.21%, compared with 3.26% for BKIE.
BKIE is categorized as Foreign Large Cap Equities, while BKUI is Ultrashort Bond. Their fees differ too: 0.04% for BKIE and 0.12% for BKUI.
BKUI currently has the higher Sharpe Ratio (10.52 vs 1.56), 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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