BKMS vs. BKHY
BKMS (BNY Mellon Municipal Short Duration ETF) and BKHY (BNY Mellon High Yield Beta ETF) are both exchange-traded funds - BKMS is a Municipal Bonds fund actively managed by BNY Mellon, while BKHY is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield Index. BKMS is actively managed, while BKHY is passively managed. Their 0.25 correlation means their historical movements had little consistent relationship. BKMS charges 0.35%/yr vs 0.22%/yr for BKHY.
Performance
BKMS vs. BKHY - Performance Comparison
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Returns By Period
BKMS
- 1D
- 0.10%
- 1M
- -0.03%
- 6M
- 0.41%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BKHY
- 1D
- 0.32%
- 1M
- 0.19%
- 6M
- 1.77%
- YTD
- 2.54%
- 1Y
- 5.76%
- 3Y*
- 8.60%
- 5Y*
- 4.07%
- 10Y*
- —
- ALL TIME*
- 6.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.29M | $953.81K | $870.21K | |
| $790.45K | $878.97K | $1.09M |
BKMS vs. BKHY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BKMS BNY Mellon Municipal Short Duration ETF | 0.77% |
BKHY BNY Mellon High Yield Beta ETF | 2.08% |
Correlation
The correlation between BKMS and BKHY is 0.25, 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 | 0.25 |
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Return for Risk
BKMS vs. BKHY — Risk / Return Rank
BKMS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BKHY
BKMS vs. BKHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Municipal Short Duration ETF (BKMS) and BNY Mellon High Yield Beta ETF (BKHY). 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.
| BKMS | BKHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.29 | — |
| Martin ratioReturn relative to average drawdown | — | 10.28 | — |
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Drawdowns
BKMS vs. BKHY - Drawdown Comparison
The maximum BKMS drawdown since its inception was -0.87%, smaller than the maximum BKHY drawdown of -15.89%. Use the drawdown chart below to compare losses from any high point for BKMS and BKHY.
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Drawdown Indicators
| BKMS | BKHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.87% | -15.89% | +15.02% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.53% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.87% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.89% | — |
Current DrawdownCurrent decline from peak | -0.17% | 0.00% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -0.25% | -2.90% | +2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.56% | — |
Volatility
BKMS vs. BKHY - Volatility Comparison
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Volatility by Period
| BKMS | BKHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.89% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.11% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.30% | 3.72% | -2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.30% | 7.59% | -6.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.30% | 7.28% | -5.98% |
BKMS vs. BKHY - Expense Ratio Comparison
BKMS has a 0.35% expense ratio, which is higher than BKHY's 0.22% expense ratio.
Dividends
BKMS vs. BKHY - Dividend Comparison
BKMS's dividend yield for the trailing twelve months is around 1.67%, less than BKHY's 7.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BKHY BNY Mellon High Yield Beta ETF | 7.41% | 7.33% | 7.34% | 8.67% | 6.59% | 6.78% | 4.65% |
BKMS BNY Mellon Municipal Short Duration ETF | 1.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BKMS and BKHY have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BKHY is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BKHY is cheaper with a 0.22% expense ratio, compared with 0.35% for BKMS.
BKHY has the higher dividend yield at 7.41%, compared with 1.67% for BKMS.
BKMS is categorized as Municipal Bonds, while BKHY is High Yield Bonds. Their fees differ too: 0.35% for BKMS and 0.22% for BKHY.
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