BKUI vs. BKSE

Last updated Jun 4, 2026

BKUI (BNY Mellon Ultra Short Income ETF) and BKSE (BNY Mellon US Small Cap Core Equity ETF) are both exchange-traded funds - BKUI is a Ultrashort Bond fund actively managed by BNY Mellon, while BKSE is a Small Cap Growth Equities fund tracking the Morningstar US Small Cap Index. BKUI is actively managed, while BKSE is passively managed. Over the past 3 years, BKUI returned 5.21%/yr vs 17.40%/yr for BKSE. At a 0.12 correlation, their price movements are largely independent. BKUI charges 0.12%/yr vs 0.04%/yr for BKSE.

Performance

BKUI vs. BKSE - 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 US Small Cap Core Equity ETF (BKSE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKUI achieves a 1.42% return, which is significantly lower than BKSE's 13.03% return.

BKUI

• 1D: -0.01%
• 1M: 0.33%
• YTD: 1.42%
• 6M: 1.74%
• 1Y: 4.32%
• 3Y*: 5.21%
• 5Y*: —
• 10Y*: —

BKSE

• 1D: -1.11%
• 1M: 2.60%
• YTD: 13.03%
• 6M: 12.11%
• 1Y: 32.65%
• 3Y*: 17.40%
• 5Y*: 6.89%
• 10Y*: —

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

BKUI vs. BKSE - 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%
BKSE BNY Mellon US Small Cap Core Equity ETF	13.03%	13.09%	9.56%	22.37%	-18.44%	1.53%

Correlation

The correlation between BKUI and BKSE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (All Time) Calculated using the full available price history since Aug 12, 2021	0.12

Return for Risk

BKUI vs. BKSE — 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: 100
BKUI Omega Ratio Rank: 100
BKUI Calmar Ratio Rank: 99
BKUI Martin Ratio Rank: 99

BKSE

BKSE Risk / Return Rank: 60
BKSE Sharpe Ratio Rank: 54
BKSE Sortino Ratio Rank: 57
BKSE Omega Ratio Rank: 50
BKSE Calmar Ratio Rank: 70
BKSE Martin Ratio Rank: 66

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. BKSE - 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 US Small Cap Core Equity ETF (BKSE). 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	BKSE	Difference
Sharpe ratio: Return per unit of total volatility	10.52	1.87	+8.65
Sortino ratio: Return per unit of downside risk	25.25	2.71	+22.53
Omega ratio: Gain probability vs. loss probability	6.02	1.32	+4.71
Calmar ratio: Return relative to maximum drawdown	32.56	3.49	+29.07
Martin ratio: Return relative to average drawdown	230.94	12.15	+218.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BKUI vs. BKSE - Sharpe Ratio Comparison

The current BKUI Sharpe Ratio is 10.52, which is higher than the BKSE Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of BKUI and BKSE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BKUI	BKSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	10.52	1.87	+8.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	6.08	0.73	+5.35

Drawdowns

BKUI vs. BKSE - Drawdown Comparison

The maximum BKUI drawdown since its inception was -1.72%, smaller than the maximum BKSE drawdown of -29.08%. Use the drawdown chart below to compare losses from any high point for BKUI and BKSE.

Drawdown Indicators

	BKUI	BKSE	Difference
Max Drawdown Largest peak-to-trough decline	-1.72%	-29.08%	+27.36%
Max Drawdown (1Y) Largest decline over 1 year	-0.13%	-9.40%	+9.27%
Max Drawdown (3Y) Largest decline over 3 years	-0.25%	-26.76%	+26.51%
Max Drawdown (5Y) Largest decline over 5 years	—	-29.08%	—
Current Drawdown Current decline from peak	-0.01%	-1.11%	+1.10%
Average Drawdown Average peak-to-trough decline	-0.27%	-9.06%	+8.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.02%	2.69%	-2.67%

Volatility

BKUI vs. BKSE - Volatility Comparison

The current volatility for BNY Mellon Ultra Short Income ETF (BKUI) is 0.15%, while BNY Mellon US Small Cap Core Equity ETF (BKSE) has a volatility of 4.47%. This indicates that BKUI experiences smaller price fluctuations and is considered to be less risky than BKSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKUI	BKSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.15%	4.47%	-4.32%
Volatility (6M) Calculated over the trailing 6-month period	0.31%	11.96%	-11.65%
Volatility (1Y) Calculated over the trailing 1-year period	0.41%	17.63%	-17.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.59%	21.43%	-20.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.59%	22.30%	-21.71%

BKUI vs. BKSE - Expense Ratio Comparison

BKUI has a 0.12% expense ratio, which is higher than BKSE'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. BKSE - Dividend Comparison

BKUI's dividend yield for the trailing twelve months is around 4.21%, more than BKSE's 1.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BKSE BNY Mellon US Small Cap Core Equity ETF	1.16%	1.26%	1.55%	1.38%	1.50%	1.17%	0.82%
BKUI BNY Mellon Ultra Short Income ETF	4.21%	4.48%	5.11%	4.29%	1.82%	0.22%	0.00%

Frequently Asked Questions

Can I hold both BKUI and BKSE in my portfolio?

BKUI and BKSE have a correlation of 0.22, 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 BKSE?

BKSE has higher volatility (4.47%) compared to BKUI (0.15%). In terms of maximum drawdown, BKUI dropped -1.72% vs BKSE's -29.08%.

Which ETF is better, BKUI or BKSE?

On 3-year performance, BKSE leads with 17.40% vs 5.21% for BKUI. On fees, BKSE 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.

Which ETF has performed better, BKUI or BKSE?

Over the 3-year period, BKSE has performed better with a 17.40% return vs 5.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKUI or BKSE?

BKSE is cheaper with a 0.04% expense ratio, compared with 0.12% for BKUI.

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

BKUI has the higher dividend yield at 4.21%, compared with 1.16% for BKSE.

What is the main difference between BKUI and BKSE?

BKUI is categorized as Ultrashort Bond, while BKSE is Small Cap Growth Equities. Their fees differ too: 0.12% for BKUI and 0.04% for BKSE.

Which has better risk-adjusted returns?

BKUI currently has the higher Sharpe Ratio (10.52 vs 1.87), 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.