BKUI vs. BKGI

Last updated Jun 23, 2026

BKUI (BNY Mellon Ultra Short Income ETF) and BKGI (Bny Mellon Global Infrastructure Income ETF) are both exchange-traded funds - BKUI is a Ultrashort Bond fund actively managed by BNY Mellon, while BKGI is a Energy Equities fund actively managed by BNY Mellon. Both are actively managed. Over the past 3 years, BKUI returned 5.11%/yr vs 21.90%/yr for BKGI. At a 0.18 correlation, their price movements are largely independent. BKUI charges 0.12%/yr vs 0.65%/yr for BKGI.

Performance

BKUI vs. BKGI - 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 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, BKUI achieves a 1.49% return, which is significantly lower than BKGI's 11.73% return.

BKUI

• 1D: -0.01%
• 1M: 0.25%
• YTD: 1.49%
• 6M: 1.60%
• 1Y: 4.12%
• 3Y*: 5.11%
• 5Y*: —
• 10Y*: —

BKGI

• 1D: 0.25%
• 1M: -3.46%
• YTD: 11.73%
• 6M: 12.71%
• 1Y: 21.46%
• 3Y*: 21.90%
• 5Y*: —
• 10Y*: —

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

BKUI vs. BKGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BKUI BNY Mellon Ultra Short Income ETF	1.49%	4.93%	5.50%	5.75%	1.05%
BKGI Bny Mellon Global Infrastructure Income ETF	11.73%	37.53%	12.35%	9.72%	8.54%

Correlation

The correlation between BKUI and BKGI is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (All Time) Calculated using the full available price history since Nov 3, 2022	0.18

Return for Risk

BKUI vs. BKGI — 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

BKGI

BKGI Risk / Return Rank: 60
BKGI Sharpe Ratio Rank: 57
BKGI Sortino Ratio Rank: 55
BKGI Omega Ratio Rank: 56
BKGI Calmar Ratio Rank: 72
BKGI Martin Ratio Rank: 63

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. BKGI - 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 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.

	BKUI	BKGI	Difference
Sharpe ratio: Return per unit of total volatility	9.91	1.85	+8.05
Sortino ratio: Return per unit of downside risk	22.44	2.57	+19.87
Omega ratio: Gain probability vs. loss probability	5.43	1.34	+4.09
Calmar ratio: Return relative to maximum drawdown	31.06	3.50	+27.56
Martin ratio: Return relative to average drawdown	211.18	11.02	+200.15

BKUI vs. BKGI - Sharpe Ratio Comparison

The current BKUI Sharpe Ratio is 9.91, which is higher than the BKGI Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of BKUI 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

BKUI vs. BKGI - Drawdown Comparison

The maximum BKUI drawdown since its inception was -1.72%, smaller than the maximum BKGI drawdown of -14.79%. Use the drawdown chart below to compare losses from any high point for BKUI and BKGI.

Drawdown Indicators

	BKUI	BKGI	Difference
Max Drawdown Largest peak-to-trough decline	-1.72%	-14.79%	+13.07%
Max Drawdown (1Y) Largest decline over 1 year	-0.13%	-6.16%	+6.03%
Max Drawdown (3Y) Largest decline over 3 years	-0.25%	-14.16%	+13.91%
Current Drawdown Current decline from peak	-0.05%	-3.55%	+3.50%
Average Drawdown Average peak-to-trough decline	-0.27%	-2.56%	+2.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.02%	1.95%	-1.93%

Volatility

BKUI vs. BKGI - Volatility Comparison

The current volatility for BNY Mellon Ultra Short Income ETF (BKUI) is 0.17%, while Bny Mellon Global Infrastructure Income ETF (BKGI) has a volatility of 3.36%. This indicates that BKUI experiences smaller price fluctuations and is considered to be less risky than BKGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKUI	BKGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.17%	3.36%	-3.19%
Volatility (6M) Calculated over the trailing 6-month period	0.33%	9.26%	-8.93%
Volatility (1Y) Calculated over the trailing 1-year period	0.42%	11.65%	-11.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.59%	14.03%	-13.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.59%	14.03%	-13.44%

BKUI vs. BKGI - Expense Ratio Comparison

BKUI has a 0.12% expense ratio, which is lower than BKGI's 0.65% expense ratio.

Dividends

BKUI vs. BKGI - Dividend Comparison

BKUI's dividend yield for the trailing twelve months is around 4.21%, more than BKGI's 2.70% yield.

Position	TTM	2025	2024	2023	2022	2021
BKGI Bny Mellon Global Infrastructure Income ETF	2.70%	2.65%	4.55%	4.55%	0.53%	0.00%
BKUI BNY Mellon Ultra Short Income ETF	4.21%	4.48%	5.11%	4.29%	1.82%	0.22%

Frequently Asked Questions

Can I hold both BKUI and BKGI in my portfolio?

BKUI and BKGI have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKUI or BKGI?

BKGI has higher volatility (3.36%) compared to BKUI (0.17%). In terms of maximum drawdown, BKUI dropped -1.72% vs BKGI's -14.79%.

Which ETF is better, BKUI or BKGI?

On 3-year performance, BKGI leads with 21.90% vs 5.11% for BKUI. On fees, BKUI is cheaper at 0.12% per year. On volatility, BKUI has been the lower-risk option at 0.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKUI or BKGI?

Over the 3-year period, BKGI has performed better with a 21.90% return vs 5.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKUI or BKGI?

BKUI is cheaper with a 0.12% expense ratio, compared with 0.65% for BKGI.

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

BKUI has the higher dividend yield at 4.21%, compared with 2.70% for BKGI.

What is the main difference between BKUI and BKGI?

BKUI is categorized as Ultrashort Bond, while BKGI is Energy Equities. Their fees differ too: 0.12% for BKUI and 0.65% for BKGI.

Which has better risk-adjusted returns?

BKUI currently has the higher Sharpe Ratio (9.90 vs 1.85), 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.