BKMI vs. BKCI

Last updated Aug 4, 2026

BKMI (BNY Mellon Municipal Intermediate ETF) and BKCI (BNY Mellon Concentrated International ETF) are both exchange-traded funds - BKMI is a Municipal Bonds fund actively managed by BNY Mellon, while BKCI is a Foreign Large Cap Equities fund actively managed by BNY Mellon. Both are actively managed. Their 0.47 correlation means their historical movements had little consistent relationship. BKMI charges 0.35%/yr vs 0.80%/yr for BKCI.

Performance

BKMI vs. BKCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Municipal Intermediate ETF (BKMI) and BNY Mellon Concentrated International ETF (BKCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BKMI

• 1D: 0.22%
• 1M: -1.74%
• 6M: -1.23%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BKCI

• 1D: 0.75%
• 1M: -0.02%
• 6M: 2.02%
• YTD: 4.65%
• 1Y: 10.75%
• 3Y*: 6.03%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1.68%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BKCI BNY Mellon Concentrated International ETF	$307.88K	$335.15K	$368.96K
BKMI BNY Mellon Municipal Intermediate ETF	$2.27M	$1.91M	$2.41M

BKMI vs. BKCI - Yearly Performance Comparison

	2026 (YTD)
BKMI BNY Mellon Municipal Intermediate ETF	-0.85%
BKCI BNY Mellon Concentrated International ETF	1.29%

Correlation

The correlation between BKMI and BKCI is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 12, 2026	0.47

Return for Risk

BKMI vs. BKCI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BKMI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BKCI

BKCI Risk / Return Rank: 30
BKCI Sharpe Ratio Rank: 30
BKCI Sortino Ratio Rank: 29
BKCI Omega Ratio Rank: 27
BKCI Calmar Ratio Rank: 29
BKCI Martin Ratio Rank: 33

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BKMI vs. BKCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Municipal Intermediate ETF (BKMI) and BNY Mellon Concentrated International ETF (BKCI). 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.

	BKMI	BKCI	Difference
Sharpe ratio: Return per unit of total volatility	—	0.75	—
Sortino ratio: Return per unit of downside risk	—	1.13	—
Omega ratio: Gain probability vs. loss probability	—	1.13	—
Calmar ratio: Return relative to maximum drawdown	—	0.96	—
Martin ratio: Return relative to average drawdown	—	3.27	—

Drawdowns

BKMI vs. BKCI - Drawdown Comparison

The maximum BKMI drawdown since its inception was -2.99%, smaller than the maximum BKCI drawdown of -31.03%. Use the drawdown chart below to compare losses from any high point for BKMI and BKCI.

Drawdown Indicators

	BKMI	BKCI	Difference
Max Drawdown Largest peak-to-trough decline	-2.99%	-31.03%	+28.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.30%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.02%	—
Current Drawdown Current decline from peak	-2.31%	-0.58%	-1.73%
Average Drawdown Average peak-to-trough decline	-1.23%	-9.12%	+7.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.29%	—

Volatility

Volatility by Period

	BKMI	BKCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.52%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.67%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.97%	14.47%	-11.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.97%	16.52%	-13.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.97%	16.52%	-13.55%

BKMI vs. BKCI - Expense Ratio Comparison

BKMI has a 0.35% expense ratio, which is lower than BKCI's 0.80% expense ratio.

Dividends

BKMI vs. BKCI - Dividend Comparison

BKMI's dividend yield for the trailing twelve months is around 1.58%, more than BKCI's 1.33% yield.

Position	TTM	2025	2024	2023	2022
BKCI BNY Mellon Concentrated International ETF	1.33%	1.39%	0.78%	0.73%	0.46%
BKMI BNY Mellon Municipal Intermediate ETF	1.58%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BKMI and BKCI in my portfolio?

BKMI and BKCI have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BKMI or BKCI?

On fees, BKMI is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BKMI or BKCI?

BKMI is cheaper with a 0.35% expense ratio, compared with 0.80% for BKCI.

Which ETF pays a higher dividend yield, BKMI or BKCI?

BKMI has the higher dividend yield at 1.58%, compared with 1.33% for BKCI.

What is the main difference between BKMI and BKCI?

BKMI is categorized as Municipal Bonds, while BKCI is Foreign Large Cap Equities. Their fees differ too: 0.35% for BKMI and 0.80% for BKCI.