BKUI vs. BKIE
BKUI (BNY Mellon Ultra Short Income ETF) and BKIE (BNY Mellon International Equity ETF) are both exchange-traded funds - BKUI is a Ultrashort Bond fund actively managed by BNY Mellon, while BKIE is a Foreign Large Cap Equities fund tracking the Morningstar Developed Markets ex-US Large Cap Index. BKUI is actively managed, while BKIE is passively managed. Over the past 3 years, BKUI returned 5.21%/yr vs 17.39%/yr for BKIE. At a 0.18 correlation, their price movements are largely independent. BKUI charges 0.12%/yr vs 0.04%/yr for BKIE.
Performance
BKUI vs. BKIE - 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 BKIE's 8.46% return.
BKUI
- 1D
- -0.01%
- 1M
- 0.33%
- YTD
- 1.42%
- 6M
- 1.74%
- 1Y
- 4.32%
- 3Y*
- 5.21%
- 5Y*
- —
- 10Y*
- —
BKIE
- 1D
- -0.89%
- 1M
- 3.12%
- YTD
- 8.46%
- 6M
- 11.11%
- 1Y
- 22.58%
- 3Y*
- 17.39%
- 5Y*
- 9.05%
- 10Y*
- —
BKUI vs. BKIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BKUI BNY Mellon Ultra Short Income ETF | 1.42% | 4.93% | 5.50% | 5.75% | -0.08% | -0.26% |
BKIE BNY Mellon International Equity ETF | 8.46% | 32.08% | 4.63% | 18.25% | -13.60% | -0.08% |
Correlation
The correlation between BKUI and BKIE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2021 | 0.18 |
The correlation between BKUI and BKIE shifts across timeframes, from 0.18 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BKUI vs. BKIE — Risk / Return Rank
BKUI
BKIE
BKUI vs. BKIE - 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 International Equity ETF (BKIE). 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 | BKIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.97 | ||
| Sortino ratioReturn per unit of downside risk | +23.02 | ||
| Omega ratioGain probability vs. loss probability | 6.02 | 1.28 | +4.74 |
| Calmar ratioReturn relative to maximum drawdown | 32.56 | 1.99 | +30.57 |
| Martin ratioReturn relative to average drawdown | 230.94 | 7.68 | +223.27 |
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 | BKIE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 10.52 | 1.56 | +8.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 6.08 | 0.92 | +5.17 |
Drawdowns
BKUI vs. BKIE - Drawdown Comparison
The maximum BKUI drawdown since its inception was -1.72%, smaller than the maximum BKIE drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for BKUI and BKIE.
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Drawdown Indicators
| BKUI | BKIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.72% | -28.19% | +26.47% |
Max Drawdown (1Y)Largest decline over 1 year | -0.13% | -11.41% | +11.28% |
Max Drawdown (3Y)Largest decline over 3 years | -0.25% | -13.19% | +12.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.19% | — |
Current DrawdownCurrent decline from peak | -0.01% | -1.33% | +1.32% |
Average DrawdownAverage peak-to-trough decline | -0.27% | -4.98% | +4.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 2.95% | -2.93% |
Volatility
BKUI vs. BKIE - Volatility Comparison
The current volatility for BNY Mellon Ultra Short Income ETF (BKUI) is 0.15%, while BNY Mellon International Equity ETF (BKIE) has a volatility of 4.42%. This indicates that BKUI experiences smaller price fluctuations and is considered to be less risky than BKIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKUI | BKIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 4.42% | -4.27% |
Volatility (6M)Calculated over the trailing 6-month period | 0.31% | 12.17% | -11.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.41% | 14.58% | -14.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.59% | 16.12% | -15.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.59% | 16.34% | -15.75% |
BKUI vs. BKIE - Expense Ratio Comparison
BKUI has a 0.12% expense ratio, which is higher than BKIE's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BKUI vs. BKIE - Dividend Comparison
BKUI's dividend yield for the trailing twelve months is around 4.21%, more than BKIE's 3.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BKIE BNY Mellon International Equity ETF | 3.26% | 3.12% | 3.31% | 2.88% | 2.97% | 2.58% | 1.49% |
BKUI BNY Mellon Ultra Short Income ETF | 4.21% | 4.48% | 5.11% | 4.29% | 1.82% | 0.22% | 0.00% |
Frequently Asked Questions
BKUI and BKIE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKIE has higher volatility (4.42%) compared to BKUI (0.15%). In terms of maximum drawdown, BKUI dropped -1.72% vs BKIE's -28.19%.
On 3-year performance, BKIE leads with 17.39% vs 5.21% for BKUI. On fees, BKIE is cheaper at 0.04% per year. On volatility, BKUI has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BKIE has performed better with a 17.39% return vs 5.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BKIE is cheaper with a 0.04% expense ratio, compared with 0.12% for BKUI.
BKUI has the higher dividend yield at 4.21%, compared with 3.26% for BKIE.
BKUI is categorized as Ultrashort Bond, while BKIE is Foreign Large Cap Equities. Their fees differ too: 0.12% for BKUI and 0.04% for BKIE.
BKUI currently has the higher Sharpe Ratio (10.52 vs 1.56), 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.
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