BKUI vs. BKHY
Compare and contrast key facts about BNY Mellon Ultra Short Income ETF (BKUI) and BNY Mellon High Yield Beta ETF (BKHY).
BKUI and BKHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BKUI is an actively managed fund by BNY Mellon. It was launched on Aug 9, 2021. BKHY is a passively managed fund by BNY Mellon that tracks the performance of the Bloomberg US Corporate High Yield Index. It was launched on Apr 24, 2020.
Performance
BKUI vs. BKHY - Performance Comparison
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BKUI vs. BKHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BKUI BNY Mellon Ultra Short Income ETF | 0.74% | 4.93% | 5.50% | 5.75% | -0.08% | -0.26% |
BKHY BNY Mellon High Yield Beta ETF | 0.00% | 8.48% | 8.37% | 12.40% | -10.97% | 1.55% |
Returns By Period
BKUI
- 1D
- 0.01%
- 1M
- 0.07%
- YTD
- 0.74%
- 6M
- 1.82%
- 1Y
- 4.36%
- 3Y*
- 5.30%
- 5Y*
- —
- 10Y*
- —
BKHY
- 1D
- 0.33%
- 1M
- -0.70%
- YTD
- 0.00%
- 6M
- 1.02%
- 1Y
- 7.14%
- 3Y*
- 8.32%
- 5Y*
- 4.07%
- 10Y*
- —
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BKUI vs. BKHY - Expense Ratio Comparison
BKUI has a 0.12% 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%.
Return for Risk
BKUI vs. BKHY — Risk / Return Rank
BKUI
BKHY
BKUI vs. BKHY - 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 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.
| BKUI | BKHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 9.52 | 1.24 | +8.28 |
Sortino ratioReturn per unit of downside risk | 20.08 | 1.72 | +18.36 |
Omega ratioGain probability vs. loss probability | 4.99 | 1.30 | +3.69 |
Calmar ratioReturn relative to maximum drawdown | 17.21 | 1.75 | +15.46 |
Martin ratioReturn relative to average drawdown | 112.11 | 8.91 | +103.20 |
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 | BKHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 9.52 | 1.24 | +8.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 6.01 | 0.87 | +5.13 |
Correlation
The correlation between BKUI and BKHY is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BKUI vs. BKHY - Dividend Comparison
BKUI's dividend yield for the trailing twelve months is around 4.34%, less than BKHY's 7.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BKUI BNY Mellon Ultra Short Income ETF | 4.34% | 4.48% | 5.11% | 4.29% | 1.82% | 0.22% | 0.00% |
BKHY BNY Mellon High Yield Beta ETF | 7.73% | 7.33% | 7.34% | 8.67% | 6.59% | 6.78% | 4.65% |
Drawdowns
BKUI vs. BKHY - Drawdown Comparison
The maximum BKUI drawdown since its inception was -1.72%, smaller than the maximum BKHY drawdown of -15.89%. Use the drawdown chart below to compare losses from any high point for BKUI and BKHY.
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Drawdown Indicators
| BKUI | BKHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.72% | -15.89% | +14.17% |
Max Drawdown (1Y)Largest decline over 1 year | -0.25% | -4.20% | +3.95% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.89% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.11% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -0.28% | -3.05% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 0.83% | -0.79% |
Volatility
BKUI vs. BKHY - Volatility Comparison
The current volatility for BNY Mellon Ultra Short Income ETF (BKUI) is 0.19%, while BNY Mellon High Yield Beta ETF (BKHY) has a volatility of 2.32%. This indicates that BKUI experiences smaller price fluctuations and is considered to be less risky 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
| BKUI | BKHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | 2.32% | -2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 0.28% | 2.87% | -2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.46% | 5.80% | -5.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.59% | 7.56% | -6.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.59% | 7.44% | -6.85% |