BKMS vs. BKIE
BKMS (BNY Mellon Municipal Short Duration ETF) and BKIE (BNY Mellon International Equity ETF) are both exchange-traded funds - BKMS is a Municipal Bonds fund actively managed by BNY Mellon, while BKIE is a Foreign Large Cap Equities fund tracking the Morningstar Developed Markets ex-US Large Cap Index. BKMS is actively managed, while BKIE is passively managed. At a 0.10 correlation, their price movements are largely independent. BKMS charges 0.35%/yr vs 0.04%/yr for BKIE.
Performance
BKMS vs. BKIE - Performance Comparison
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Returns By Period
BKMS
- 1D
- -0.06%
- 1M
- 0.42%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BKIE
- 1D
- 0.83%
- 1M
- -0.39%
- YTD
- 8.73%
- 6M
- 8.35%
- 1Y
- 22.88%
- 3Y*
- 17.43%
- 5Y*
- 9.23%
- 10Y*
- —
BKMS vs. BKIE - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BKMS BNY Mellon Municipal Short Duration ETF | 0.74% |
BKIE BNY Mellon International Equity ETF | 5.82% |
Correlation
The correlation between BKMS and BKIE is 0.10, 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 | 0.10 |
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Return for Risk
BKMS vs. BKIE — Risk / Return Rank
BKMS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BKIE
BKMS vs. BKIE - 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 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.
| BKMS | BKIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.01 | — |
| Martin ratioReturn relative to average drawdown | — | 7.75 | — |
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Drawdowns
BKMS vs. BKIE - Drawdown Comparison
The maximum BKMS drawdown since its inception was -0.87%, smaller than the maximum BKIE drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for BKMS and BKIE.
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Drawdown Indicators
| BKMS | BKIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.87% | -28.19% | +27.32% |
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 DrawdownCurrent decline from peak | -0.06% | -1.38% | +1.32% |
Average DrawdownAverage peak-to-trough decline | -0.26% | -4.94% | +4.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.96% | — |
Volatility
BKMS vs. BKIE - Volatility Comparison
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Volatility by Period
| BKMS | BKIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.94% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.85% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.21% | 15.11% | -13.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.21% | 16.21% | -15.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.21% | 16.36% | -15.15% |
BKMS vs. BKIE - Expense Ratio Comparison
BKMS has a 0.35% expense ratio, which is higher than BKIE's 0.04% expense ratio.
Dividends
BKMS vs. BKIE - Dividend Comparison
BKMS's dividend yield for the trailing twelve months is around 1.11%, less than BKIE's 3.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BKIE BNY Mellon International Equity ETF | 3.26% | 3.12% | 3.31% | 2.88% | 2.97% | 2.58% | 1.49% |
BKMS BNY Mellon Municipal Short Duration ETF | 1.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BKMS and BKIE have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
BKIE is cheaper with a 0.04% expense ratio, compared with 0.35% for BKMS.
BKIE has the higher dividend yield at 3.26%, compared with 1.11% for BKMS.
BKMS is categorized as Municipal Bonds, while BKIE is Foreign Large Cap Equities. Their fees differ too: 0.35% for BKMS and 0.04% for BKIE.
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