Correlation
The correlation between BKUI and ICSH is 0.10, 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.
BKUI vs. ICSH
Compare and contrast key facts about BNY Mellon Ultra Short Income ETF (BKUI) and iShares Ultra Short-Term Bond 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 an actively managed fund by iShares. It was launched on Dec 11, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BKUI or ICSH.
Performance
BKUI vs. ICSH - Performance Comparison
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Key characteristics
BKUI:
11.61
ICSH:
11.68
BKUI:
27.70
ICSH:
27.27
BKUI:
6.47
ICSH:
6.13
BKUI:
22.41
ICSH:
65.56
BKUI:
155.43
ICSH:
355.58
BKUI:
0.04%
ICSH:
0.02%
BKUI:
0.49%
ICSH:
0.46%
BKUI:
-1.79%
ICSH:
-3.94%
BKUI:
0.00%
ICSH:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with BKUI having a 2.03% return and ICSH slightly lower at 2.00%.
BKUI
2.03%
0.35%
2.47%
5.65%
4.74%
N/A
N/A
ICSH
2.00%
0.33%
2.41%
5.39%
4.81%
2.93%
2.40%
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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%.
Risk-Adjusted Performance
BKUI vs. ICSH — Risk-Adjusted Performance Rank
BKUI
ICSH
BKUI vs. ICSH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Ultra Short Income ETF (BKUI) and iShares Ultra Short-Term Bond 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.
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Dividends
BKUI vs. ICSH - Dividend Comparison
BKUI's dividend yield for the trailing twelve months is around 4.92%, which matches ICSH's 4.96% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKUI BNY Mellon Ultra Short Income ETF | 4.92% | 5.11% | 4.29% | 1.81% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ICSH iShares Ultra Short-Term Bond ETF | 4.96% | 5.24% | 4.78% | 1.66% | 0.42% | 1.21% | 2.61% | 2.20% | 1.36% | 0.88% | 0.54% | 0.46% |
Drawdowns
BKUI vs. ICSH - Drawdown Comparison
The maximum BKUI drawdown since its inception was -1.79%, 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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Volatility
BKUI vs. ICSH - Volatility Comparison
BNY Mellon Ultra Short Income ETF (BKUI) has a higher volatility of 0.15% compared to iShares Ultra Short-Term Bond ETF (ICSH) at 0.13%. 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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