BKIE vs. EDIV

Last updated Jul 21, 2026

BKIE (BNY Mellon International Equity ETF) and EDIV (SPDR S&P Emerging Markets Dividend ETF) are both exchange-traded funds - BKIE is a Foreign Large Cap Equities fund tracking the Solactive GBS Developed Markets ex United States Large & Mid Cap USD Index NTR, while EDIV is a Emerging Markets Equities fund tracking the S&P Emerging Markets Dividend Opportunities Index. Both are passively managed. Over the past 5 years, BKIE returned 9.60%/yr vs 12.20%/yr for EDIV. A 0.70 correlation means they provide meaningful diversification when combined. BKIE charges 0.04%/yr vs 0.49%/yr for EDIV.

Performance

BKIE vs. EDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon International Equity ETF (BKIE) and SPDR S&P Emerging Markets Dividend ETF (EDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with BKIE having a 8.78% return and EDIV slightly higher at 9.11%.

BKIE

• 1D: -0.68%
• 1M: -1.34%
• 6M: 5.02%
• YTD: 8.78%
• 1Y: 21.47%
• 3Y*: 15.90%
• 5Y*: 9.60%
• 10Y*: —
• ALL TIME*: 14.64%

EDIV

• 1D: -0.52%
• 1M: 1.79%
• 6M: 6.50%
• YTD: 9.11%
• 1Y: 13.09%
• 3Y*: 16.35%
• 5Y*: 12.20%
• 10Y*: 8.40%
• ALL TIME*: 3.21%

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

BKIE vs. EDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BKIE BNY Mellon International Equity ETF	8.78%	32.08%	4.63%	18.25%	-13.60%	13.75%	34.17%
EDIV SPDR S&P Emerging Markets Dividend ETF	9.11%	16.45%	12.75%	41.91%	-15.31%	11.21%	23.64%

Correlation

The correlation between BKIE and EDIV is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020	0.70

The correlation between BKIE and EDIV shifts across timeframes, from 0.69 (5 years) to 0.81 (1 year), reflecting how their relationship changes across market environments.

BKIE vs. EDIV - Sectors Allocation Comparison

Sectors	BKIE	EDIV
Financial Services	26.6%	30.3%
Industrials	17.9%	9.2%
Technology	11.7%	9.7%
Healthcare	9.1%	1.4%
Consumer Cyclical	7.2%	11.9%
Basic Materials	6.7%	1.5%
Consumer Defensive	6.3%	13.2%
Energy	5.0%	3.2%
Communication Services	4.1%	14.0%
Utilities	3.5%	2.4%
Real Estate	1.8%	3.3%

Return for Risk

BKIE vs. EDIV — Risk / Return Rank

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

BKIE

BKIE Risk / Return Rank: 54
BKIE Sharpe Ratio Rank: 56
BKIE Sortino Ratio Rank: 56
BKIE Omega Ratio Rank: 54
BKIE Calmar Ratio Rank: 49
BKIE Martin Ratio Rank: 57

EDIV

EDIV Risk / Return Rank: 36
EDIV Sharpe Ratio Rank: 38
EDIV Sortino Ratio Rank: 37
EDIV Omega Ratio Rank: 37
EDIV Calmar Ratio Rank: 33
EDIV Martin Ratio Rank: 33

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.

BKIE vs. EDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon International Equity ETF (BKIE) and SPDR S&P Emerging Markets Dividend ETF (EDIV). 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.

	BKIE	EDIV	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.03	+0.39
Sortino ratio: Return per unit of downside risk	2.04	1.52	+0.52
Omega ratio: Gain probability vs. loss probability	1.25	1.19	+0.06
Calmar ratio: Return relative to maximum drawdown	1.89	1.27	+0.62
Martin ratio: Return relative to average drawdown	7.24	3.70	+3.54

BKIE vs. EDIV - Sharpe Ratio Comparison

The current BKIE Sharpe Ratio is 1.42, which is higher than the EDIV Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of BKIE and EDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BKIE vs. EDIV - Drawdown Comparison

The maximum BKIE drawdown since its inception was -28.19%, smaller than the maximum EDIV drawdown of -53.36%. Use the drawdown chart below to compare losses from any high point for BKIE and EDIV.

Drawdown Indicators

	BKIE	EDIV	Difference
Max Drawdown Largest peak-to-trough decline	-28.19%	-53.36%	+25.17%
Max Drawdown (1Y) Largest decline over 1 year	-11.41%	-10.36%	-1.05%
Max Drawdown (3Y) Largest decline over 3 years	-13.19%	-13.84%	+0.65%
Max Drawdown (5Y) Largest decline over 5 years	-28.19%	-28.32%	+0.13%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.76%	—
Current Drawdown Current decline from peak	-2.34%	-1.64%	-0.70%
Average Drawdown Average peak-to-trough decline	-4.90%	-19.23%	+14.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	3.54%	-0.57%

Volatility

BKIE vs. EDIV - Volatility Comparison

BNY Mellon International Equity ETF (BKIE) and SPDR S&P Emerging Markets Dividend ETF (EDIV) have volatilities of 3.70% and 3.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKIE	EDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	3.83%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	13.03%	11.05%	+1.98%
Volatility (1Y) Calculated over the trailing 1-year period	15.22%	12.80%	+2.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.18%	13.94%	+2.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.32%	17.30%	-0.98%

BKIE vs. EDIV - Expense Ratio Comparison

BKIE has a 0.04% expense ratio, which is lower than EDIV's 0.49% expense ratio.

Dividends

BKIE vs. EDIV - Dividend Comparison

BKIE's dividend yield for the trailing twelve months is around 3.23%, less than EDIV's 4.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKIE BNY Mellon International Equity ETF	3.23%	3.12%	3.31%	2.88%	2.97%	2.58%	1.49%	0.00%	0.00%	0.00%	0.00%	0.00%
EDIV SPDR S&P Emerging Markets Dividend ETF	4.16%	4.69%	3.94%	4.26%	4.94%	3.84%	3.52%	3.83%	3.41%	2.99%	4.94%	5.33%

Frequently Asked Questions

Can I hold both BKIE and EDIV in my portfolio?

BKIE and EDIV have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKIE or EDIV?

EDIV has higher volatility (3.83%) compared to BKIE (3.70%). In terms of maximum drawdown, BKIE dropped -28.19% vs EDIV's -53.36%.

Which ETF is better, BKIE or EDIV?

On 5-year performance, EDIV leads with 12.20% vs 9.60% for BKIE. On fees, BKIE is cheaper at 0.04% per year. On volatility, BKIE has been the lower-risk option at 3.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKIE or EDIV?

Over the 5-year period, EDIV has performed better with a 12.20% return vs 9.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKIE or EDIV?

BKIE is cheaper with a 0.04% expense ratio, compared with 0.49% for EDIV.

Which ETF pays a higher dividend yield, BKIE or EDIV?

EDIV has the higher dividend yield at 4.16%, compared with 3.23% for BKIE.

What is the main difference between BKIE and EDIV?

BKIE is categorized as Foreign Large Cap Equities, while EDIV is Emerging Markets Equities. BKIE tracks Solactive GBS Developed Markets ex United States Large & Mid Cap USD Index NTR, while EDIV tracks S&P Emerging Markets Dividend Opportunities Index. They also come from different issuers: BNY Mellon and State Street. Their fees differ too: 0.04% for BKIE and 0.49% for EDIV.

Which has better risk-adjusted returns?

BKIE currently has the higher Sharpe Ratio (1.42 vs 1.03), 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.