BKSE vs. BKGI

Last updated Aug 4, 2026

BKSE (BNY Mellon US Small Cap Core Equity ETF) and BKGI (Bny Mellon Global Infrastructure Income ETF) are both exchange-traded funds - BKSE is a Small Cap Growth Equities fund tracking the Morningstar US Small Cap Index, while BKGI is a Infrastructure Equities fund actively managed by BNY Mellon. BKSE is passively managed, while BKGI is actively managed. Over the past 3 years, BKSE returned 16.98%/yr vs 22.16%/yr for BKGI. Their 0.55 correlation means they have sometimes moved together and sometimes differently. BKSE charges 0.04%/yr vs 0.65%/yr for BKGI.

Performance

BKSE vs. BKGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon US Small Cap Core Equity ETF (BKSE) and Bny Mellon Global Infrastructure Income ETF (BKGI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKSE achieves a 20.27% return, which is significantly higher than BKGI's 13.98% return.

BKSE

• 1D: 1.78%
• 1M: 1.08%
• 6M: 13.72%
• YTD: 20.27%
• 1Y: 37.25%
• 3Y*: 16.98%
• 5Y*: 9.11%
• 10Y*: —
• ALL TIME*: 16.75%

BKGI

• 1D: -0.22%
• 1M: 1.32%
• 6M: 9.50%
• YTD: 13.98%
• 1Y: 19.81%
• 3Y*: 22.16%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.85%

*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)
BKGI Bny Mellon Global Infrastructure Income ETF	$18.35M	$14.92M	$11.64M
BKSE BNY Mellon US Small Cap Core Equity ETF	$343.03K	$235.90K	$242.30K

BKSE vs. BKGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BKSE BNY Mellon US Small Cap Core Equity ETF	20.27%	13.09%	9.56%	22.37%	0.64%
BKGI Bny Mellon Global Infrastructure Income ETF	13.98%	37.53%	12.35%	9.72%	8.54%

Correlation

The correlation between BKSE and BKGI is 0.39, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.39
Correlation (3Y) Balances recent behavior with more history.	0.49
Correlation (All Time) Calculated using the full available price history since Nov 3, 2022	0.55

The correlation between BKSE and BKGI shifts across timeframes, from 0.39 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.

BKSE vs. BKGI - Sectors Allocation Comparison

Sectors	BKSE	BKGI
Financial Services	16.4%	-
Technology	16.0%	-
Industrials	14.9%	11.5%
Healthcare	14.2%	-
Consumer Cyclical	13.5%	-
Real Estate	7.2%	19.0%
Energy	5.9%	21.1%
Basic Materials	4.3%	-
Utilities	3.1%	46.0%
Consumer Defensive	2.6%	-
Communication Services	2.0%	2.5%

Return for Risk

BKSE vs. BKGI — Risk / Return Rank

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

BKSE

BKSE Risk / Return Rank: 87
BKSE Sharpe Ratio Rank: 86
BKSE Sortino Ratio Rank: 88
BKSE Omega Ratio Rank: 82
BKSE Calmar Ratio Rank: 90
BKSE Martin Ratio Rank: 89

BKGI

BKGI Risk / Return Rank: 75
BKGI Sharpe Ratio Rank: 73
BKGI Sortino Ratio Rank: 72
BKGI Omega Ratio Rank: 72
BKGI Calmar Ratio Rank: 84
BKGI Martin Ratio Rank: 75

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.

BKSE vs. BKGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon US Small Cap Core Equity ETF (BKSE) and Bny Mellon Global Infrastructure Income ETF (BKGI). 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.

	BKSE	BKGI	Difference
Sharpe ratio: Return per unit of total volatility	2.16	1.72	+0.44
Sortino ratio: Return per unit of downside risk	3.11	2.41	+0.71
Omega ratio: Gain probability vs. loss probability	1.37	1.31	+0.06
Calmar ratio: Return relative to maximum drawdown	3.98	3.23	+0.75
Martin ratio: Return relative to average drawdown	14.29	9.62	+4.67

BKSE vs. BKGI - Sharpe Ratio Comparison

The current BKSE Sharpe Ratio is 2.16, which is comparable to the BKGI Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of BKSE and BKGI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BKSE vs. BKGI - Drawdown Comparison

The maximum BKSE drawdown since its inception was -29.08%, which is greater than BKGI's maximum drawdown of -14.79%. Use the drawdown chart below to compare losses from any high point for BKSE and BKGI.

Drawdown Indicators

	BKSE	BKGI	Difference
Max Drawdown Largest peak-to-trough decline	-29.08%	-14.79%	-14.29%
Max Drawdown (1Y) Largest decline over 1 year	-9.40%	-6.16%	-3.24%
Max Drawdown (3Y) Largest decline over 3 years	-26.76%	-11.37%	-15.39%
Max Drawdown (5Y) Largest decline over 5 years	-29.08%	—	—
Current Drawdown Current decline from peak	0.00%	-2.00%	+2.00%
Average Drawdown Average peak-to-trough decline	-8.85%	-2.54%	-6.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	2.06%	+0.55%

Volatility

BKSE vs. BKGI - Volatility Comparison

BNY Mellon US Small Cap Core Equity ETF (BKSE) has a higher volatility of 3.80% compared to Bny Mellon Global Infrastructure Income ETF (BKGI) at 2.77%. This indicates that BKSE's price experiences larger fluctuations and is considered to be riskier than BKGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKSE	BKGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.80%	2.77%	+1.03%
Volatility (6M) Calculated over the trailing 6-month period	11.99%	9.54%	+2.45%
Volatility (1Y) Calculated over the trailing 1-year period	17.39%	11.60%	+5.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.36%	13.94%	+7.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.13%	13.94%	+8.19%

BKSE vs. BKGI - Expense Ratio Comparison

BKSE has a 0.04% expense ratio, which is lower than BKGI's 0.65% expense ratio.

Dividends

BKSE vs. BKGI - Dividend Comparison

BKSE's dividend yield for the trailing twelve months is around 1.19%, less than BKGI's 2.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BKGI Bny Mellon Global Infrastructure Income ETF	2.90%	2.65%	4.55%	4.55%	0.53%	0.00%	0.00%
BKSE BNY Mellon US Small Cap Core Equity ETF	1.19%	1.26%	1.55%	1.38%	1.50%	1.17%	0.82%

Frequently Asked Questions

Can I hold both BKSE and BKGI in my portfolio?

BKSE and BKGI have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKSE or BKGI?

BKSE has higher volatility (3.80%) compared to BKGI (2.77%). In terms of maximum drawdown, BKSE dropped -29.08% vs BKGI's -14.79%.

Which ETF is better, BKSE or BKGI?

On 3-year performance, BKGI leads with 22.16% vs 16.98% for BKSE. On fees, BKSE is cheaper at 0.04% per year. On volatility, BKGI has been the lower-risk option at 2.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKSE or BKGI?

Over the 3-year period, BKGI has performed better with a 22.16% return vs 16.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKSE or BKGI?

BKSE is cheaper with a 0.04% expense ratio, compared with 0.65% for BKGI.

Which ETF pays a higher dividend yield, BKSE or BKGI?

BKGI has the higher dividend yield at 2.90%, compared with 1.19% for BKSE.

What is the main difference between BKSE and BKGI?

BKSE is categorized as Small Cap Growth Equities, while BKGI is Infrastructure Equities. Their fees differ too: 0.04% for BKSE and 0.65% for BKGI.

Which has better risk-adjusted returns?

BKSE currently has the higher Sharpe Ratio (2.16 vs 1.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.