BKMI vs. BKIE

Last updated Jul 17, 2026

BKMI (BNY Mellon Municipal Intermediate ETF) and BKIE (BNY Mellon International Equity ETF) are both exchange-traded funds - BKMI is a Municipal Bonds fund actively managed by BNY Mellon, while BKIE is a Foreign Large Cap Equities fund tracking the Solactive GBS Developed Markets ex United States Large & Mid Cap USD Index NTR. BKMI is actively managed, while BKIE is passively managed. At a 0.46 correlation, their price movements are largely independent. BKMI charges 0.35%/yr vs 0.04%/yr for BKIE.

Performance

BKMI vs. BKIE - Performance Comparison

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

Returns By Period

BKMI

• 1D: -0.42%
• 1M: -0.32%
• 6M: -0.01%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BKIE

• 1D: -0.70%
• 1M: -0.32%
• 6M: 6.18%
• YTD: 9.74%
• 1Y: 22.52%
• 3Y*: 16.40%
• 5Y*: 9.90%
• 10Y*: —

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

BKMI vs. BKIE - Yearly Performance Comparison

	2026 (YTD)
BKMI BNY Mellon Municipal Intermediate ETF	-0.01%
BKIE BNY Mellon International Equity ETF	6.80%

Correlation

The correlation between BKMI and BKIE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 12, 2026	0.46

Return for Risk

BKMI vs. BKIE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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.

BKIE

BKIE Risk / Return Rank: 53
BKIE Sharpe Ratio Rank: 54
BKIE Sortino Ratio Rank: 54
BKIE Omega Ratio Rank: 52
BKIE Calmar Ratio Rank: 48
BKIE Martin Ratio Rank: 55

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.

BKMI vs. BKIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Municipal Intermediate ETF (BKMI) and BNY Mellon International Equity ETF (BKIE). 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	BKIE	Difference
Sharpe ratio: Return per unit of total volatility	—	1.49	—
Sortino ratio: Return per unit of downside risk	—	2.13	—
Omega ratio: Gain probability vs. loss probability	—	1.27	—
Calmar ratio: Return relative to maximum drawdown	—	1.98	—
Martin ratio: Return relative to average drawdown	—	7.61	—

Drawdowns

BKMI vs. BKIE - Drawdown Comparison

The maximum BKMI drawdown since its inception was -2.99%, smaller than the maximum BKIE drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for BKMI and BKIE.

Drawdown Indicators

	BKMI	BKIE	Difference
Max Drawdown Largest peak-to-trough decline	-2.99%	-28.19%	+25.20%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.41%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.19%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.19%	—
Current Drawdown Current decline from peak	-1.49%	-1.48%	-0.01%
Average Drawdown Average peak-to-trough decline	-1.14%	-4.90%	+3.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.97%	—

Volatility

Volatility by Period

	BKMI	BKIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.65%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.01%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.86%	15.18%	-12.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.86%	16.21%	-13.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.86%	16.33%	-13.47%

BKMI vs. BKIE - Expense Ratio Comparison

BKMI has a 0.35% expense ratio, which is higher than BKIE's 0.04% expense ratio.

Dividends

BKMI vs. BKIE - Dividend Comparison

BKMI's dividend yield for the trailing twelve months is around 1.28%, less than BKIE's 3.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BKIE BNY Mellon International Equity ETF	3.20%	3.12%	3.31%	2.88%	2.97%	2.58%	1.49%
BKMI BNY Mellon Municipal Intermediate ETF	1.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BKMI and BKIE in my portfolio?

BKMI and BKIE have a correlation of 0.46, 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 BKIE?

On fees, BKIE is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BKMI or BKIE?

BKIE is cheaper with a 0.04% expense ratio, compared with 0.35% for BKMI.

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

BKIE has the higher dividend yield at 3.20%, compared with 1.28% for BKMI.

What is the main difference between BKMI and BKIE?

BKMI is categorized as Municipal Bonds, while BKIE is Foreign Large Cap Equities. Their fees differ too: 0.35% for BKMI and 0.04% for BKIE.