BMOP vs. BKUI
BMOP (BNY Mellon Municipal Opportunities ETF) and BKUI (BNY Mellon Ultra Short Income ETF) are both exchange-traded funds - BMOP is a Municipal Bonds fund actively managed by BNY Mellon, while BKUI is a Ultrashort Bond fund actively managed by BNY Mellon. Both are actively managed. At a 0.46 correlation, their price movements are largely independent. BMOP charges 0.54%/yr vs 0.12%/yr for BKUI.
Performance
BMOP vs. BKUI - Performance Comparison
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Returns By Period
BMOP
- 1D
- -0.07%
- 1M
- 0.84%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BKUI
- 1D
- -0.01%
- 1M
- 0.33%
- YTD
- 1.42%
- 6M
- 1.74%
- 1Y
- 4.32%
- 3Y*
- 5.21%
- 5Y*
- —
- 10Y*
- —
BMOP vs. BKUI - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BMOP BNY Mellon Municipal Opportunities ETF | 1.37% |
BKUI BNY Mellon Ultra Short Income ETF | 1.32% |
Correlation
The correlation between BMOP and BKUI is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 13, 2026 | 0.46 |
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Return for Risk
BMOP vs. BKUI — Risk / Return Rank
BMOP
BKUI
BMOP vs. BKUI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Municipal Opportunities ETF (BMOP) and BNY Mellon Ultra Short Income ETF (BKUI). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| BMOP | BKUI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 10.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 6.08 | -5.12 |
Drawdowns
BMOP vs. BKUI - Drawdown Comparison
The maximum BMOP drawdown since its inception was -2.80%, which is greater than BKUI's maximum drawdown of -1.72%. Use the drawdown chart below to compare losses from any high point for BMOP and BKUI.
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Drawdown Indicators
| BMOP | BKUI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.80% | -1.72% | -1.08% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.13% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.25% | — |
Current DrawdownCurrent decline from peak | -0.09% | -0.01% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -0.82% | -0.27% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.02% | — |
Volatility
BMOP vs. BKUI - Volatility Comparison
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Volatility by Period
| BMOP | BKUI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.15% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.31% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 0.41% | +3.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.75% | 0.59% | +3.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.75% | 0.59% | +3.16% |
BMOP vs. BKUI - Expense Ratio Comparison
BMOP has a 0.54% expense ratio, which is higher than BKUI's 0.12% expense ratio.
Dividends
BMOP vs. BKUI - Dividend Comparison
BMOP's dividend yield for the trailing twelve months is around 1.20%, less than BKUI's 4.21% 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% |
BMOP BNY Mellon Municipal Opportunities ETF | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BMOP and BKUI have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BKUI is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BKUI is cheaper with a 0.12% expense ratio, compared with 0.54% for BMOP.
BKUI has the higher dividend yield at 4.21%, compared with 1.20% for BMOP.
BMOP is categorized as Municipal Bonds, while BKUI is Ultrashort Bond. Their fees differ too: 0.54% for BMOP and 0.12% for BKUI.
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