BKUI vs. BCPL
BKUI (BNY Mellon Ultra Short Income ETF) and BCPL (BNY Mellon Core Plus ETF) are both exchange-traded funds - BKUI is a Ultrashort Bond fund actively managed by BNY Mellon, while BCPL is a Intermediate Core-Plus Bond fund actively managed by BNY Mellon. Both are actively managed. A 0.56 correlation means they provide meaningful diversification when combined. BKUI charges 0.12%/yr vs 0.40%/yr for BCPL.
Performance
BKUI vs. BCPL - Performance Comparison
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Returns By Period
BKUI
- 1D
- -0.01%
- 1M
- 0.25%
- YTD
- 1.49%
- 6M
- 1.60%
- 1Y
- 4.12%
- 3Y*
- 5.11%
- 5Y*
- —
- 10Y*
- —
BCPL
- 1D
- -0.32%
- 1M
- 0.75%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BKUI vs. BCPL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BKUI BNY Mellon Ultra Short Income ETF | 1.40% |
BCPL BNY Mellon Core Plus ETF | 0.51% |
Correlation
The correlation between BKUI and BCPL is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 12, 2026 | 0.56 |
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Return for Risk
BKUI vs. BCPL — Risk / Return Rank
BKUI
BCPL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BKUI vs. BCPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Ultra Short Income ETF (BKUI) and BNY Mellon Core Plus ETF (BCPL). 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.
| BKUI | BCPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 5.43 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 31.06 | — | — |
| Martin ratioReturn relative to average drawdown | 211.18 | — | — |
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Drawdowns
BKUI vs. BCPL - Drawdown Comparison
The maximum BKUI drawdown since its inception was -1.72%, smaller than the maximum BCPL drawdown of -2.95%. Use the drawdown chart below to compare losses from any high point for BKUI and BCPL.
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Drawdown Indicators
| BKUI | BCPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.72% | -2.95% | +1.23% |
Max Drawdown (1Y)Largest decline over 1 year | -0.13% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -0.25% | — | — |
Current DrawdownCurrent decline from peak | -0.05% | -1.04% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -0.27% | -1.04% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | — | — |
Volatility
BKUI vs. BCPL - Volatility Comparison
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Volatility by Period
| BKUI | BCPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.17% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.33% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.42% | 4.04% | -3.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.59% | 4.04% | -3.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.59% | 4.04% | -3.45% |
BKUI vs. BCPL - Expense Ratio Comparison
BKUI has a 0.12% expense ratio, which is lower than BCPL's 0.40% expense ratio.
Dividends
BKUI vs. BCPL - Dividend Comparison
BKUI's dividend yield for the trailing twelve months is around 4.21%, more than BCPL's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BCPL BNY Mellon Core Plus ETF | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BKUI BNY Mellon Ultra Short Income ETF | 4.21% | 4.48% | 5.11% | 4.29% | 1.82% | 0.22% |
Frequently Asked Questions
BKUI and BCPL have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BKUI is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BKUI is cheaper with a 0.12% expense ratio, compared with 0.40% for BCPL.
BKUI has the higher dividend yield at 4.21%, compared with 1.56% for BCPL.
BKUI is categorized as Ultrashort Bond, while BCPL is Intermediate Core-Plus Bond. Their fees differ too: 0.12% for BKUI and 0.40% for BCPL.
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