BKUI vs. BEDY
BKUI (BNY Mellon Ultra Short Income ETF) and BEDY (BNY Mellon Enhanced Dividend Income ETF) are both exchange-traded funds - BKUI is a Ultrashort Bond fund actively managed by BNY Mellon, while BEDY is a Large Cap Value Equities fund actively managed by BNY Mellon. Both are actively managed. At a 0.25 correlation, their price movements are largely independent. BKUI charges 0.12%/yr vs 0.50%/yr for BEDY.
Performance
BKUI vs. BEDY - Performance Comparison
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Returns By Period
In the year-to-date period, BKUI achieves a 1.42% return, which is significantly lower than BEDY's 10.40% return.
BKUI
- 1D
- -0.01%
- 1M
- 0.33%
- YTD
- 1.42%
- 6M
- 1.74%
- 1Y
- 4.32%
- 3Y*
- 5.21%
- 5Y*
- —
- 10Y*
- —
BEDY
- 1D
- -0.33%
- 1M
- 2.93%
- YTD
- 10.40%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BKUI vs. BEDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BKUI BNY Mellon Ultra Short Income ETF | 1.42% | 0.31% |
BEDY BNY Mellon Enhanced Dividend Income ETF | 10.40% | 1.62% |
Correlation
The correlation between BKUI and BEDY is 0.25, 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 Dec 9, 2025 | 0.25 |
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Return for Risk
BKUI vs. BEDY — Risk / Return Rank
BKUI
BEDY
BKUI vs. BEDY - 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 Enhanced Dividend Income ETF (BEDY). 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.
| BKUI | BEDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 6.02 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 32.56 | — | — |
| Martin ratioReturn relative to average drawdown | 230.94 | — | — |
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
| BKUI | BEDY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 10.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 6.08 | 2.27 | +3.81 |
Drawdowns
BKUI vs. BEDY - Drawdown Comparison
The maximum BKUI drawdown since its inception was -1.72%, smaller than the maximum BEDY drawdown of -6.25%. Use the drawdown chart below to compare losses from any high point for BKUI and BEDY.
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Drawdown Indicators
| BKUI | BEDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.72% | -6.25% | +4.53% |
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 | -0.01% | -0.33% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -0.27% | -1.36% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | — | — |
Volatility
BKUI vs. BEDY - Volatility Comparison
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Volatility by Period
| BKUI | BEDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.31% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.41% | 11.98% | -11.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.59% | 11.98% | -11.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.59% | 11.98% | -11.39% |
BKUI vs. BEDY - Expense Ratio Comparison
BKUI has a 0.12% expense ratio, which is lower than BEDY's 0.50% expense ratio.
Dividends
BKUI vs. BEDY - Dividend Comparison
BKUI's dividend yield for the trailing twelve months is around 4.21%, more than BEDY's 3.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BEDY BNY Mellon Enhanced Dividend Income ETF | 3.35% | 0.09% | 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 BEDY have a correlation of 0.25, 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 0.50% for BEDY.
BKUI has the higher dividend yield at 4.21%, compared with 3.35% for BEDY.
BKUI is categorized as Ultrashort Bond, while BEDY is Large Cap Value Equities. Their fees differ too: 0.12% for BKUI and 0.50% for BEDY.
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