BKUI vs. XLE
BKUI (BNY Mellon Ultra Short Income ETF) and XLE (State Street Energy Select Sector SPDR ETF) are both exchange-traded funds - BKUI is a Ultrashort Bond fund actively managed by BNY Mellon, while XLE is a Energy Equities fund tracking the Energy Select Sector Index. BKUI is actively managed, while XLE is passively managed. Over the past 3 years, BKUI returned 5.21%/yr vs 17.46%/yr for XLE. At a correlation of -0.09, they often move in opposite directions. BKUI charges 0.12%/yr vs 0.08%/yr for XLE.
Performance
BKUI vs. XLE - 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 XLE's 32.17% return.
BKUI
- 1D
- -0.01%
- 1M
- 0.33%
- YTD
- 1.42%
- 6M
- 1.74%
- 1Y
- 4.32%
- 3Y*
- 5.21%
- 5Y*
- —
- 10Y*
- —
XLE
- 1D
- 1.29%
- 1M
- -1.14%
- YTD
- 32.17%
- 6M
- 29.80%
- 1Y
- 45.00%
- 3Y*
- 17.46%
- 5Y*
- 20.44%
- 10Y*
- 10.22%
BKUI vs. XLE - 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% |
XLE State Street Energy Select Sector SPDR ETF | 32.17% | 7.88% | 5.56% | -0.63% | 64.32% | 13.67% |
Correlation
The correlation between BKUI and XLE is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.30 |
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 | -0.09 |
Over the past year, the inverse relationship between BKUI and XLE has strengthened: their correlation has moved from -0.09 to -0.30, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
BKUI vs. XLE — Risk / Return Rank
BKUI
XLE
BKUI vs. XLE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Ultra Short Income ETF (BKUI) and State Street Energy Select Sector SPDR ETF (XLE). 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 | XLE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +8.32 | ||
| Sortino ratioReturn per unit of downside risk | +22.41 | ||
| Omega ratioGain probability vs. loss probability | 6.02 | 1.35 | +4.67 |
| Calmar ratioReturn relative to maximum drawdown | 32.56 | 3.75 | +28.81 |
| Martin ratioReturn relative to average drawdown | 230.94 | 10.92 | +220.02 |
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 | XLE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 10.52 | 2.21 | +8.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.79 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 6.08 | 0.31 | +5.77 |
Drawdowns
BKUI vs. XLE - Drawdown Comparison
The maximum BKUI drawdown since its inception was -1.72%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for BKUI and XLE.
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Drawdown Indicators
| BKUI | XLE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.72% | -71.26% | +69.54% |
Max Drawdown (1Y)Largest decline over 1 year | -0.13% | -12.05% | +11.92% |
Max Drawdown (3Y)Largest decline over 3 years | -0.25% | -20.14% | +19.89% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.04% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.81% | — |
Current DrawdownCurrent decline from peak | -0.01% | -6.15% | +6.14% |
Average DrawdownAverage peak-to-trough decline | -0.27% | -17.98% | +17.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 4.14% | -4.12% |
Volatility
BKUI vs. XLE - Volatility Comparison
The current volatility for BNY Mellon Ultra Short Income ETF (BKUI) is 0.15%, while State Street Energy Select Sector SPDR ETF (XLE) has a volatility of 8.25%. This indicates that BKUI experiences smaller price fluctuations and is considered to be less risky than XLE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKUI | XLE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 8.25% | -8.10% |
Volatility (6M)Calculated over the trailing 6-month period | 0.31% | 16.58% | -16.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.41% | 20.53% | -20.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.59% | 26.02% | -25.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.59% | 29.59% | -29.00% |
BKUI vs. XLE - Expense Ratio Comparison
BKUI has a 0.12% expense ratio, which is higher than XLE'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%.
Dividends
BKUI vs. XLE - Dividend Comparison
BKUI's dividend yield for the trailing twelve months is around 4.21%, more than XLE's 2.54% 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% |
XLE State Street Energy Select Sector SPDR ETF | 2.54% | 3.28% | 3.36% | 3.55% | 3.68% | 4.21% | 5.62% | 6.72% | 3.54% | 3.03% | 2.26% | 3.39% |
Frequently Asked Questions
BKUI and XLE have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XLE has higher volatility (8.25%) compared to BKUI (0.15%). In terms of maximum drawdown, BKUI dropped -1.72% vs XLE's -71.26%.
On 3-year performance, XLE leads with 17.46% vs 5.21% for BKUI. On fees, XLE is cheaper at 0.08% 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, XLE has performed better with a 17.46% return vs 5.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLE is cheaper with a 0.08% expense ratio, compared with 0.12% for BKUI.
BKUI has the higher dividend yield at 4.21%, compared with 2.54% for XLE.
BKUI is categorized as Ultrashort Bond, while XLE is Energy Equities. They also come from different issuers: BNY Mellon and State Street. Their fees differ too: 0.12% for BKUI and 0.08% for XLE.
BKUI currently has the higher Sharpe Ratio (10.52 vs 2.21), 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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