BKUI vs. BEDY

Last updated Jun 25, 2026

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 0.24 correlation, their price movements are largely independent. BKUI charges 0.12%/yr vs 0.50%/yr for BEDY.

Performance

BKUI vs. BEDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Ultra Short Income ETF (BKUI) and BNY Mellon Enhanced Dividend Income ETF (BEDY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKUI achieves a 1.56% return, which is significantly lower than BEDY's 12.38% return.

BKUI

• 1D: 0.02%
• 1M: 0.32%
• YTD: 1.56%
• 6M: 1.67%
• 1Y: 4.12%
• 3Y*: 5.13%
• 5Y*: —
• 10Y*: —

BEDY

• 1D: -0.13%
• 1M: 2.21%
• YTD: 12.38%
• 6M: 11.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BKUI vs. BEDY - Yearly Performance Comparison

	2026 (YTD)	2025
BKUI BNY Mellon Ultra Short Income ETF	1.56%	0.32%
BEDY BNY Mellon Enhanced Dividend Income ETF	12.38%	1.45%

Correlation

The correlation between BKUI and BEDY is 0.24, 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 8, 2025	0.24

Return for Risk

BKUI vs. BEDY — Risk / Return Rank

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

BKUI

BKUI Risk / Return Rank: 99
BKUI Sharpe Ratio Rank: 99
BKUI Sortino Ratio Rank: 99
BKUI Omega Ratio Rank: 99
BKUI Calmar Ratio Rank: 99
BKUI Martin Ratio Rank: 99

BEDY

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

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.

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.

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	BEDY	Difference
Sharpe ratio: Return per unit of total volatility	9.93	—	—
Sortino ratio: Return per unit of downside risk	22.44	—	—
Omega ratio: Gain probability vs. loss probability	5.43	—	—
Calmar ratio: Return relative to maximum drawdown	31.06	—	—
Martin ratio: Return relative to average drawdown	211.18	—	—

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.

Drawdown Indicators

	BKUI	BEDY	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	0.00%	-0.48%	+0.48%
Average Drawdown Average peak-to-trough decline	-0.27%	-1.26%	+0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.02%	—	—

Volatility

Volatility by Period

	BKUI	BEDY	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%	12.07%	-11.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.59%	12.07%	-11.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.59%	12.07%	-11.48%

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 4.20%, more than BEDY's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021
BEDY BNY Mellon Enhanced Dividend Income ETF	3.30%	0.09%	0.00%	0.00%	0.00%	0.00%
BKUI BNY Mellon Ultra Short Income ETF	4.20%	4.48%	5.11%	4.29%	1.82%	0.22%

Frequently Asked Questions

Can I hold both BKUI and BEDY in my portfolio?

BKUI and BEDY have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BKUI or BEDY?

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.

Which ETF is cheaper, BKUI or BEDY?

BKUI is cheaper with a 0.12% expense ratio, compared with 0.50% for BEDY.

Which ETF pays a higher dividend yield, BKUI or BEDY?

BKUI has the higher dividend yield at 4.20%, compared with 3.30% for BEDY.

What is the main difference between BKUI and 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.