BKUI vs. XONE
BKUI (BNY Mellon Ultra Short Income ETF) and XONE (BondBloxx Bloomberg One Year Target Duration US Treasury ETF) are both exchange-traded funds - BKUI is a Ultrashort Bond fund actively managed by BNY Mellon, while XONE is a Government Bonds fund tracking the Bloomberg US Treasury 1 Year Target Duration Index. BKUI is actively managed, while XONE is passively managed. Over the past 3 years, BKUI returned 5.21%/yr vs 4.57%/yr for XONE. A 0.61 correlation means they provide meaningful diversification when combined. BKUI charges 0.12%/yr vs 0.03%/yr for XONE.
Performance
BKUI vs. XONE - Performance Comparison
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Returns By Period
In the year-to-date period, BKUI achieves a 1.42% return, which is significantly higher than XONE's 1.11% return.
BKUI
- 1D
- -0.01%
- 1M
- 0.33%
- YTD
- 1.42%
- 6M
- 1.74%
- 1Y
- 4.32%
- 3Y*
- 5.21%
- 5Y*
- —
- 10Y*
- —
XONE
- 1D
- -0.02%
- 1M
- 0.24%
- YTD
- 1.11%
- 6M
- 1.47%
- 1Y
- 3.85%
- 3Y*
- 4.57%
- 5Y*
- —
- 10Y*
- —
BKUI vs. XONE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BKUI BNY Mellon Ultra Short Income ETF | 1.42% | 4.93% | 5.50% | 5.75% | 0.93% |
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 1.11% | 4.41% | 4.83% | 4.74% | 0.60% |
Correlation
The correlation between BKUI and XONE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2022 | 0.61 |
The correlation between BKUI and XONE shifts across timeframes, from 0.44 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BKUI vs. XONE — Risk / Return Rank
BKUI
XONE
BKUI vs. XONE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Ultra Short Income ETF (BKUI) and BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE). 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 | XONE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.46 | ||
| Sortino ratioReturn per unit of downside risk | +8.29 | ||
| Omega ratioGain probability vs. loss probability | 6.02 | 3.57 | +2.45 |
| Calmar ratioReturn relative to maximum drawdown | 32.56 | 24.16 | +8.40 |
| Martin ratioReturn relative to average drawdown | 230.94 | 138.74 | +92.21 |
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 | XONE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 10.52 | 7.06 | +3.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 6.08 | 4.96 | +1.12 |
Drawdowns
BKUI vs. XONE - Drawdown Comparison
The maximum BKUI drawdown since its inception was -1.72%, which is greater than XONE's maximum drawdown of -0.40%. Use the drawdown chart below to compare losses from any high point for BKUI and XONE.
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Drawdown Indicators
| BKUI | XONE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.72% | -0.40% | -1.32% |
Max Drawdown (1Y)Largest decline over 1 year | -0.13% | -0.16% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -0.25% | -0.28% | +0.03% |
Current DrawdownCurrent decline from peak | -0.01% | -0.02% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -0.27% | -0.04% | -0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.03% | -0.01% |
Volatility
BKUI vs. XONE - Volatility Comparison
BNY Mellon Ultra Short Income ETF (BKUI) has a higher volatility of 0.15% compared to BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) at 0.10%. This indicates that BKUI's price experiences larger fluctuations and is considered to be riskier than XONE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKUI | XONE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 0.10% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 0.31% | 0.34% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.41% | 0.55% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.59% | 0.86% | -0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.59% | 0.86% | -0.27% |
BKUI vs. XONE - Expense Ratio Comparison
BKUI has a 0.12% expense ratio, which is higher than XONE'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. XONE - Dividend Comparison
BKUI's dividend yield for the trailing twelve months is around 4.21%, more than XONE's 4.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BKUI BNY Mellon Ultra Short Income ETF | 4.21% | 4.48% | 5.11% | 4.29% | 1.82% | 0.22% |
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 4.06% | 4.33% | 5.21% | 4.46% | 1.17% | 0.00% |
Frequently Asked Questions
BKUI and XONE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKUI has higher volatility (0.15%) compared to XONE (0.10%). In terms of maximum drawdown, BKUI dropped -1.72% vs XONE's -0.40%.
On 3-year performance, BKUI leads with 5.21% vs 4.57% for XONE. On fees, XONE is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BKUI has performed better with a 5.21% return vs 4.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XONE 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 4.06% for XONE.
BKUI is categorized as Ultrashort Bond, while XONE is Government Bonds. They also come from different issuers: BNY Mellon and BondBloxx. Their fees differ too: 0.12% for BKUI and 0.03% for XONE.
BKUI currently has the higher Sharpe Ratio (10.52 vs 7.06), 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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