BKUI vs. IVV
BKUI (BNY Mellon Ultra Short Income ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - BKUI is a Ultrashort Bond fund actively managed by BNY Mellon, while IVV is a S&P 500 fund tracking the S&P 500 Index. BKUI is actively managed, while IVV is passively managed. Over the past 3 years, BKUI returned 5.11%/yr vs 21.37%/yr for IVV. At a 0.11 correlation, their price movements are largely independent. BKUI charges 0.12%/yr vs 0.03%/yr for IVV.
Performance
BKUI vs. IVV - Performance Comparison
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Returns By Period
In the year-to-date period, BKUI achieves a 1.49% return, which is significantly lower than IVV's 9.76% return.
BKUI
- 1D
- -0.01%
- 1M
- 0.25%
- YTD
- 1.49%
- 6M
- 1.60%
- 1Y
- 4.12%
- 3Y*
- 5.11%
- 5Y*
- —
- 10Y*
- —
IVV
- 1D
- -0.31%
- 1M
- 0.09%
- YTD
- 9.76%
- 6M
- 9.30%
- 1Y
- 26.83%
- 3Y*
- 21.37%
- 5Y*
- 13.58%
- 10Y*
- 15.75%
BKUI vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BKUI BNY Mellon Ultra Short Income ETF | 1.49% | 4.93% | 5.50% | 5.75% | -0.08% | -0.26% |
IVV iShares Core S&P 500 ETF | 9.76% | 17.85% | 24.93% | 26.31% | -18.16% | 8.03% |
Correlation
The correlation between BKUI and IVV is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2021 | 0.11 |
The correlation between BKUI and IVV shifts across timeframes, from 0.11 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BKUI vs. IVV — Risk / Return Rank
BKUI
IVV
BKUI vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Ultra Short Income ETF (BKUI) and iShares Core S&P 500 ETF (IVV). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BKUI | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.73 | ||
| Sortino ratioReturn per unit of downside risk | +19.51 | ||
| Omega ratioGain probability vs. loss probability | 5.43 | 1.39 | +4.03 |
| Calmar ratioReturn relative to maximum drawdown | 31.06 | 3.03 | +28.02 |
| Martin ratioReturn relative to average drawdown | 211.18 | 13.61 | +197.56 |
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Drawdowns
BKUI vs. IVV - Drawdown Comparison
The maximum BKUI drawdown since its inception was -1.72%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for BKUI and IVV.
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Drawdown Indicators
| BKUI | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.72% | -55.25% | +53.53% |
Max Drawdown (1Y)Largest decline over 1 year | -0.13% | -8.89% | +8.76% |
Max Drawdown (3Y)Largest decline over 3 years | -0.25% | -18.75% | +18.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.90% | — |
Current DrawdownCurrent decline from peak | -0.05% | -1.74% | +1.69% |
Average DrawdownAverage peak-to-trough decline | -0.27% | -10.76% | +10.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 1.98% | -1.96% |
Volatility
BKUI vs. IVV - Volatility Comparison
The current volatility for BNY Mellon Ultra Short Income ETF (BKUI) is 0.17%, while iShares Core S&P 500 ETF (IVV) has a volatility of 4.67%. This indicates that BKUI experiences smaller price fluctuations and is considered to be less risky than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKUI | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.17% | 4.67% | -4.50% |
Volatility (6M)Calculated over the trailing 6-month period | 0.33% | 9.75% | -9.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.42% | 12.41% | -11.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.59% | 16.97% | -16.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.59% | 18.10% | -17.51% |
BKUI vs. IVV - Expense Ratio Comparison
BKUI has a 0.12% expense ratio, which is higher than IVV's 0.03% 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. IVV - Dividend Comparison
BKUI's dividend yield for the trailing twelve months is around 4.21%, more than IVV's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKUI BNY Mellon Ultra Short Income ETF | 4.21% | 4.48% | 5.11% | 4.29% | 1.82% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IVV iShares Core S&P 500 ETF | 1.09% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
BKUI and IVV have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVV has higher volatility (4.67%) compared to BKUI (0.17%). In terms of maximum drawdown, BKUI dropped -1.72% vs IVV's -55.25%.
On 3-year performance, IVV leads with 21.37% vs 5.11% for BKUI. On fees, IVV is cheaper at 0.03% per year. On volatility, BKUI has been the lower-risk option at 0.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IVV has performed better with a 21.37% return vs 5.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVV is cheaper with a 0.03% expense ratio, compared with 0.12% for BKUI.
BKUI has the higher dividend yield at 4.21%, compared with 1.09% for IVV.
BKUI is categorized as Ultrashort Bond, while IVV is S&P 500. They also come from different issuers: BNY Mellon and iShares. Their fees differ too: 0.12% for BKUI and 0.03% for IVV.
BKUI currently has the higher Sharpe Ratio (9.90 vs 2.18), 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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