BKIE vs. FBND
BKIE (BNY Mellon International Equity ETF) and FBND (Fidelity Total Bond 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 FBND is a Intermediate Core-Plus Bond fund actively managed by Fidelity. BKIE is passively managed, while FBND is actively managed. Over the past 5 years, BKIE returned 9.60%/yr vs 0.52%/yr for FBND. At a 0.28 correlation, their price movements are largely independent. BKIE charges 0.04%/yr vs 0.36%/yr for FBND.
Performance
BKIE vs. FBND - Performance Comparison
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Returns By Period
In the year-to-date period, BKIE achieves a 8.78% return, which is significantly higher than FBND's 0.27% return.
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%
FBND
- 1D
- -0.26%
- 1M
- -0.60%
- 6M
- 0.12%
- YTD
- 0.27%
- 1Y
- 4.12%
- 3Y*
- 4.46%
- 5Y*
- 0.52%
- 10Y*
- 2.32%
- ALL TIME*
- 2.53%
BKIE vs. FBND - 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% |
FBND Fidelity Total Bond ETF | 0.27% | 7.57% | 2.13% | 6.81% | -12.54% | -0.43% | 6.11% |
Correlation
The correlation between BKIE and FBND is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.28 |
The correlation between BKIE and FBND shifts across timeframes, from 0.28 (all time) to 0.45 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BKIE vs. FBND — Risk / Return Rank
BKIE
FBND
BKIE vs. FBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon International Equity ETF (BKIE) and Fidelity Total Bond ETF (FBND). 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 | FBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.19 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 1.55 | +0.34 |
| Martin ratioReturn relative to average drawdown | 7.24 | 4.22 | +3.02 |
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Drawdowns
BKIE vs. FBND - Drawdown Comparison
The maximum BKIE drawdown since its inception was -28.19%, which is greater than FBND's maximum drawdown of -17.25%. Use the drawdown chart below to compare losses from any high point for BKIE and FBND.
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Drawdown Indicators
| BKIE | FBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.19% | -17.25% | -10.94% |
Max Drawdown (1Y)Largest decline over 1 year | -11.41% | -2.66% | -8.75% |
Max Drawdown (3Y)Largest decline over 3 years | -13.19% | -5.61% | -7.58% |
Max Drawdown (5Y)Largest decline over 5 years | -28.19% | -17.25% | -10.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.25% | — |
Current DrawdownCurrent decline from peak | -2.34% | -1.65% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -3.33% | -1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 0.98% | +1.99% |
Volatility
BKIE vs. FBND - Volatility Comparison
BNY Mellon International Equity ETF (BKIE) has a higher volatility of 3.70% compared to Fidelity Total Bond ETF (FBND) at 1.07%. This indicates that BKIE's price experiences larger fluctuations and is considered to be riskier than FBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKIE | FBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 1.07% | +2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 13.03% | 2.92% | +10.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.22% | 3.80% | +11.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 5.93% | +10.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.32% | 6.10% | +10.22% |
BKIE vs. FBND - Expense Ratio Comparison
BKIE has a 0.04% expense ratio, which is lower than FBND's 0.36% expense ratio.
Dividends
BKIE vs. FBND - Dividend Comparison
BKIE's dividend yield for the trailing twelve months is around 3.23%, less than FBND's 4.72% 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% |
FBND Fidelity Total Bond ETF | 4.72% | 4.70% | 4.73% | 4.26% | 3.07% | 1.86% | 4.25% | 2.90% | 2.93% | 2.56% | 2.84% | 3.26% |
Frequently Asked Questions
BKIE and FBND have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKIE has higher volatility (3.70%) compared to FBND (1.07%). In terms of maximum drawdown, BKIE dropped -28.19% vs FBND's -17.25%.
On 5-year performance, BKIE leads with 9.60% vs 0.52% for FBND. On fees, BKIE is cheaper at 0.04% per year. On volatility, FBND has been the lower-risk option at 1.07%. 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 9.60% return vs 0.52%. 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 0.36% for FBND.
FBND has the higher dividend yield at 4.72%, compared with 3.23% for BKIE.
BKIE is categorized as Foreign Large Cap Equities, while FBND is Intermediate Core-Plus Bond. They also come from different issuers: BNY Mellon and Fidelity. Their fees differ too: 0.04% for BKIE and 0.36% for FBND.
BKIE currently has the higher Sharpe Ratio (1.42 vs 1.09), 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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