BKIE vs. IGSB
BKIE (BNY Mellon International Equity ETF) and IGSB (iShares 1-5 Year Investment Grade Corporate 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 IGSB is a Corporate Bonds fund tracking the ICE BofA 1-5 Year US Corporate Index. Both are passively managed. Over the past 5 years, BKIE returned 9.60%/yr vs 2.44%/yr for IGSB. At a 0.34 correlation, their price movements are largely independent. Both charge a 0.04% expense ratio.
Performance
BKIE vs. IGSB - 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 IGSB's 0.93% 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%
IGSB
- 1D
- -0.07%
- 1M
- 0.14%
- 6M
- 0.85%
- YTD
- 0.93%
- 1Y
- 3.86%
- 3Y*
- 5.59%
- 5Y*
- 2.44%
- 10Y*
- 2.72%
- ALL TIME*
- 2.82%
BKIE vs. IGSB - 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% |
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 0.93% | 6.96% | 4.97% | 6.40% | -5.63% | -0.56% | 4.80% |
Correlation
The correlation between BKIE and IGSB 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 | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.34 |
The correlation between BKIE and IGSB shifts across timeframes, from 0.34 (all time) to 0.45 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BKIE vs. IGSB — Risk / Return Rank
BKIE
IGSB
BKIE vs. IGSB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon International Equity ETF (BKIE) and iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB). 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 | IGSB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.38 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 2.66 | -0.77 |
| Martin ratioReturn relative to average drawdown | 7.24 | 10.60 | -3.36 |
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Drawdowns
BKIE vs. IGSB - Drawdown Comparison
The maximum BKIE drawdown since its inception was -28.19%, which is greater than IGSB's maximum drawdown of -13.38%. Use the drawdown chart below to compare losses from any high point for BKIE and IGSB.
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Drawdown Indicators
| BKIE | IGSB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.19% | -13.38% | -14.81% |
Max Drawdown (1Y)Largest decline over 1 year | -11.41% | -1.46% | -9.95% |
Max Drawdown (3Y)Largest decline over 3 years | -13.19% | -1.46% | -11.73% |
Max Drawdown (5Y)Largest decline over 5 years | -28.19% | -9.46% | -18.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.38% | — |
Current DrawdownCurrent decline from peak | -2.34% | -0.21% | -2.13% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -0.85% | -4.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 0.36% | +2.61% |
Volatility
BKIE vs. IGSB - Volatility Comparison
BNY Mellon International Equity ETF (BKIE) has a higher volatility of 3.70% compared to iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) at 0.57%. This indicates that BKIE's price experiences larger fluctuations and is considered to be riskier than IGSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKIE | IGSB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 0.57% | +3.13% |
Volatility (6M)Calculated over the trailing 6-month period | 13.03% | 1.56% | +11.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.22% | 1.96% | +13.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 2.95% | +13.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.32% | 3.47% | +12.85% |
BKIE vs. IGSB - Expense Ratio Comparison
Both BKIE and IGSB have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
BKIE vs. IGSB - Dividend Comparison
BKIE's dividend yield for the trailing twelve months is around 3.23%, less than IGSB's 4.60% 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% |
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 4.60% | 4.44% | 4.02% | 3.26% | 2.07% | 1.82% | 2.36% | 3.06% | 2.46% | 1.65% | 1.45% | 1.18% |
Frequently Asked Questions
BKIE and IGSB 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 IGSB (0.57%). In terms of maximum drawdown, BKIE dropped -28.19% vs IGSB's -13.38%.
On 5-year performance, BKIE leads with 9.60% vs 2.44% for IGSB. Both ETFs have the same 0.04% expense ratio. On volatility, IGSB has been the lower-risk option at 0.57%. 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 2.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BKIE and IGSB have the same expense ratio: 0.04% per year.
IGSB has the higher dividend yield at 4.60%, compared with 3.23% for BKIE.
BKIE is categorized as Foreign Large Cap Equities, while IGSB is Corporate Bonds. BKIE tracks Solactive GBS Developed Markets ex United States Large & Mid Cap USD Index NTR, while IGSB tracks ICE BofA 1-5 Year US Corporate Index. They also come from different issuers: BNY Mellon and iShares.
IGSB currently has the higher Sharpe Ratio (1.98 vs 1.42), 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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