BKMS vs. XLE

Last updated Jun 5, 2026

BKMS (BNY Mellon Municipal Short Duration ETF) and XLE (State Street Energy Select Sector SPDR ETF) are both exchange-traded funds - BKMS is a Municipal Bonds fund actively managed by BNY Mellon, while XLE is a Energy Equities fund tracking the Energy Select Sector Index. BKMS is actively managed, while XLE is passively managed. At a correlation of -0.28, they often move in opposite directions. BKMS charges 0.35%/yr vs 0.08%/yr for XLE.

Performance

BKMS vs. XLE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Municipal Short Duration ETF (BKMS) and State Street Energy Select Sector SPDR ETF (XLE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BKMS

• 1D: 0.04%
• 1M: 0.34%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLE

• 1D: 0.07%
• 1M: -1.18%
• YTD: 32.26%
• 6M: 29.34%
• 1Y: 47.98%
• 3Y*: 17.74%
• 5Y*: 20.45%
• 10Y*: 9.99%

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

BKMS vs. XLE - Yearly Performance Comparison

	2026 (YTD)
BKMS BNY Mellon Municipal Short Duration ETF	0.62%
XLE State Street Energy Select Sector SPDR ETF	27.61%

Correlation

The correlation between BKMS and XLE is -0.28, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 13, 2026	-0.28

Return for Risk

BKMS vs. XLE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XLE

XLE Risk / Return Rank: 70
XLE Sharpe Ratio Rank: 74
XLE Sortino Ratio Rank: 67
XLE Omega Ratio Rank: 64
XLE Calmar Ratio Rank: 79
XLE Martin Ratio Rank: 65

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.

BKMS vs. XLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Municipal Short Duration ETF (BKMS) and State Street Energy Select Sector SPDR ETF (XLE). 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.

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

Sharpe Ratios by Period

	BKMS	XLE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.36	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.79	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.34	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.28	0.31	+0.97

Drawdowns

BKMS vs. XLE - Drawdown Comparison

The maximum BKMS drawdown since its inception was -0.87%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for BKMS and XLE.

Drawdown Indicators

	BKMS	XLE	Difference
Max Drawdown Largest peak-to-trough decline	-0.87%	-71.26%	+70.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.05%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-20.14%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.04%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.81%	—
Current Drawdown Current decline from peak	-0.09%	-6.09%	+6.00%
Average Drawdown Average peak-to-trough decline	-0.29%	-17.98%	+17.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.15%	—

Volatility

Volatility by Period

	BKMS	XLE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.24%	20.50%	-19.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.24%	26.01%	-24.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.24%	29.58%	-28.34%

BKMS vs. XLE - Expense Ratio Comparison

BKMS has a 0.35% expense ratio, which is higher than XLE's 0.08% expense ratio.

Dividends

BKMS vs. XLE - Dividend Comparison

BKMS's dividend yield for the trailing twelve months is around 1.11%, less than XLE's 2.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKMS BNY Mellon Municipal Short Duration ETF	1.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLE State Street Energy Select Sector SPDR ETF	2.54%	3.28%	3.36%	3.55%	3.68%	4.21%	5.62%	6.72%	3.54%	3.03%	2.26%	3.39%

Frequently Asked Questions

Can I hold both BKMS and XLE in my portfolio?

BKMS and XLE have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BKMS or XLE?

On fees, XLE is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BKMS or XLE?

XLE is cheaper with a 0.08% expense ratio, compared with 0.35% for BKMS.

Which ETF pays a higher dividend yield, BKMS or XLE?

XLE has the higher dividend yield at 2.54%, compared with 1.11% for BKMS.

What is the main difference between BKMS and XLE?

BKMS is categorized as Municipal Bonds, while XLE is Energy Equities. They also come from different issuers: BNY Mellon and State Street. Their fees differ too: 0.35% for BKMS and 0.08% for XLE.