BKSE vs. BKHY
BKSE (BNY Mellon US Small Cap Core Equity ETF) and BKHY (BNY Mellon High Yield Beta ETF) are both exchange-traded funds - BKSE is a Small Cap Growth Equities fund tracking the Morningstar US Small Cap Index, while BKHY is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield Index. Both are passively managed. Over the past 5 years, BKSE returned 7.11%/yr vs 4.19%/yr for BKHY. A 0.67 correlation means they provide meaningful diversification when combined. BKSE charges 0.04%/yr vs 0.22%/yr for BKHY.
Performance
BKSE vs. BKHY - Performance Comparison
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Returns By Period
In the year-to-date period, BKSE achieves a 14.19% return, which is significantly higher than BKHY's 1.83% return.
BKSE
- 1D
- 1.03%
- 1M
- 2.24%
- YTD
- 14.19%
- 6M
- 12.98%
- 1Y
- 34.31%
- 3Y*
- 18.21%
- 5Y*
- 7.11%
- 10Y*
- —
BKHY
- 1D
- 0.10%
- 1M
- 0.54%
- YTD
- 1.83%
- 6M
- 2.02%
- 1Y
- 7.19%
- 3Y*
- 8.93%
- 5Y*
- 4.19%
- 10Y*
- —
BKSE vs. BKHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BKSE BNY Mellon US Small Cap Core Equity ETF | 14.19% | 13.09% | 9.56% | 22.37% | -18.44% | 16.18% | 58.04% |
BKHY BNY Mellon High Yield Beta ETF | 1.83% | 8.48% | 8.37% | 12.40% | -10.97% | 4.75% | 17.83% |
Correlation
The correlation between BKSE and BKHY is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2020 | 0.67 |
The correlation between BKSE and BKHY has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.
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Return for Risk
BKSE vs. BKHY — Risk / Return Rank
BKSE
BKHY
BKSE vs. BKHY - 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 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.
| BKSE | BKHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.39 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.67 | 2.86 | +0.81 |
| Martin ratioReturn relative to average drawdown | 12.77 | 13.14 | -0.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BKSE | BKHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 1.96 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.55 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.90 | -0.16 |
Drawdowns
BKSE vs. BKHY - Drawdown Comparison
The maximum BKSE drawdown since its inception was -29.08%, which is greater than BKHY's maximum drawdown of -15.89%. Use the drawdown chart below to compare losses from any high point for BKSE and BKHY.
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Drawdown Indicators
| BKSE | BKHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.08% | -15.89% | -13.19% |
Max Drawdown (1Y)Largest decline over 1 year | -9.40% | -2.53% | -6.87% |
Max Drawdown (3Y)Largest decline over 3 years | -26.76% | -4.87% | -21.89% |
Max Drawdown (5Y)Largest decline over 5 years | -29.08% | -15.89% | -13.19% |
Current DrawdownCurrent decline from peak | -0.09% | -0.17% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -9.05% | -2.97% | -6.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 0.55% | +2.14% |
Volatility
BKSE vs. BKHY - Volatility Comparison
BNY Mellon US Small Cap Core Equity ETF (BKSE) has a higher volatility of 4.38% compared to BNY Mellon High Yield Beta ETF (BKHY) at 1.12%. This indicates that BKSE's price experiences larger fluctuations and is considered to be riskier than BKHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKSE | BKHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 1.12% | +3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 11.99% | 2.96% | +9.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.58% | 3.69% | +13.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.44% | 7.58% | +13.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.29% | 7.36% | +14.93% |
BKSE vs. BKHY - Expense Ratio Comparison
BKSE has a 0.04% expense ratio, which is lower than BKHY's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BKSE vs. BKHY - Dividend Comparison
BKSE's dividend yield for the trailing twelve months is around 1.15%, less than BKHY's 7.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BKHY BNY Mellon High Yield Beta ETF | 7.46% | 7.33% | 7.34% | 8.67% | 6.59% | 6.78% | 4.65% |
BKSE BNY Mellon US Small Cap Core Equity ETF | 1.15% | 1.26% | 1.55% | 1.38% | 1.50% | 1.17% | 0.82% |
Frequently Asked Questions
BKSE and BKHY have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKSE has higher volatility (4.38%) compared to BKHY (1.12%). In terms of maximum drawdown, BKSE dropped -29.08% vs BKHY's -15.89%.
On 5-year performance, BKSE leads with 7.11% vs 4.19% for BKHY. On fees, BKSE is cheaper at 0.04% per year. On volatility, BKHY has been the lower-risk option at 1.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BKSE has performed better with a 7.11% return vs 4.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BKSE is cheaper with a 0.04% expense ratio, compared with 0.22% for BKHY.
BKHY has the higher dividend yield at 7.46%, compared with 1.15% for BKSE.
BKSE is categorized as Small Cap Growth Equities, while BKHY is High Yield Bonds. BKSE tracks Morningstar US Small Cap Index, while BKHY tracks Bloomberg US Corporate High Yield Index. Their fees differ too: 0.04% for BKSE and 0.22% for BKHY.
BKSE currently has the higher Sharpe Ratio (1.96 vs 1.96), 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.
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