BKUI vs. ICSH
Compare and contrast key facts about BNY Mellon Ultra Short Income ETF (BKUI) and iShares Ultra Short Duration Bond Active ETF (ICSH).
BKUI and ICSH 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. ICSH is a passively managed fund by iShares that tracks the performance of the ICE BofA US 6-Month Treasury Bill Index (USD). It was launched on Dec 11, 2013.
Performance
BKUI vs. ICSH - Performance Comparison
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BKUI vs. ICSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BKUI BNY Mellon Ultra Short Income ETF | 0.73% | 4.93% | 5.50% | 5.75% | -0.08% | -0.26% |
ICSH iShares Ultra Short Duration Bond Active ETF | 0.74% | 4.96% | 5.52% | 5.58% | 0.97% | -0.06% |
Returns By Period
The year-to-date returns for both investments are quite close, with BKUI having a 0.73% return and ICSH slightly higher at 0.74%.
BKUI
- 1D
- 0.04%
- 1M
- 0.06%
- YTD
- 0.73%
- 6M
- 1.85%
- 1Y
- 4.32%
- 3Y*
- 5.29%
- 5Y*
- —
- 10Y*
- —
ICSH
- 1D
- 0.02%
- 1M
- 0.12%
- YTD
- 0.74%
- 6M
- 1.89%
- 1Y
- 4.40%
- 3Y*
- 5.21%
- 5Y*
- 3.55%
- 10Y*
- 2.71%
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BKUI vs. ICSH - Expense Ratio Comparison
BKUI has a 0.12% expense ratio, which is higher than ICSH's 0.08% 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%.
Return for Risk
BKUI vs. ICSH — Risk / Return Rank
BKUI
ICSH
BKUI vs. ICSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Ultra Short Income ETF (BKUI) and iShares Ultra Short Duration Bond Active ETF (ICSH). 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 | ICSH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 9.39 | 10.86 | -1.47 |
Sortino ratioReturn per unit of downside risk | 19.70 | 25.58 | -5.88 |
Omega ratioGain probability vs. loss probability | 4.85 | 6.41 | -1.56 |
Calmar ratioReturn relative to maximum drawdown | 17.35 | 45.33 | -27.98 |
Martin ratioReturn relative to average drawdown | 112.84 | 283.87 | -171.03 |
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 | ICSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 9.39 | 10.86 | -1.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 7.40 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 2.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 6.01 | 1.90 | +4.11 |
Correlation
The correlation between BKUI and ICSH is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BKUI vs. ICSH - Dividend Comparison
BKUI's dividend yield for the trailing twelve months is around 4.40%, less than ICSH's 4.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKUI BNY Mellon Ultra Short Income ETF | 4.40% | 4.48% | 5.11% | 4.29% | 1.82% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ICSH iShares Ultra Short Duration Bond Active ETF | 4.46% | 4.55% | 5.24% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% |
Drawdowns
BKUI vs. ICSH - Drawdown Comparison
The maximum BKUI drawdown since its inception was -1.72%, smaller than the maximum ICSH drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for BKUI and ICSH.
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Drawdown Indicators
| BKUI | ICSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.72% | -3.94% | +2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -0.25% | -0.10% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.94% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.28% | -0.08% | -0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.04% | 0.02% | +0.02% |
Volatility
BKUI vs. ICSH - Volatility Comparison
BNY Mellon Ultra Short Income ETF (BKUI) has a higher volatility of 0.19% compared to iShares Ultra Short Duration Bond Active ETF (ICSH) at 0.16%. This indicates that BKUI's price experiences larger fluctuations and is considered to be riskier than ICSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKUI | ICSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | 0.16% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 0.28% | 0.26% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.46% | 0.41% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.59% | 0.48% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.59% | 1.06% | -0.47% |