BNY vs. ULTA

Last updated Jun 13, 2026

BNY (The Bank of New York Mellon Corporation) and ULTA (Ulta Beauty, Inc.) are both stocks. BNY operates in Banks - Diversified (Financial Services), while ULTA operates in Specialty Retail (Consumer Cyclical). Over the past 10 years, BNY returned 16.57%/yr vs 7.00%/yr for ULTA. At a 0.34 correlation, their price movements are largely independent.

Performance

BNY vs. ULTA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Bank of New York Mellon Corporation (BNY) and Ulta Beauty, Inc. (ULTA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNY achieves a 25.07% return, which is significantly higher than ULTA's -22.69% return. Over the past 10 years, BNY has outperformed ULTA with an annualized return of 16.57%, while ULTA has yielded a comparatively lower 7.00% annualized return.

BNY

• 1D: 1.33%
• 1M: 6.66%
• YTD: 25.07%
• 6M: 24.06%
• 1Y: 63.51%
• 3Y*: 52.23%
• 5Y*: 26.82%
• 10Y*: 16.57%

ULTA

• 1D: -1.82%
• 1M: -4.96%
• YTD: -22.69%
• 6M: -22.25%
• 1Y: 1.15%
• 3Y*: 1.77%
• 5Y*: 6.68%
• 10Y*: 7.00%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BNY vs. ULTA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BNY The Bank of New York Mellon Corporation	25.07%	54.45%	51.90%	18.52%	-19.14%	40.55%	-12.91%	9.56%	-10.85%	15.68%
ULTA Ulta Beauty, Inc.	-22.69%	39.11%	-11.24%	4.46%	13.76%	43.59%	13.44%	3.39%	9.47%	-12.27%

Correlation

The correlation between BNY and ULTA 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	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since Oct 25, 2007	0.34

The correlation between BNY and ULTA shifts across timeframes, from 0.23 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BNY : $100.52B ULTA : $20.56B
EPS BNY : $8.43 ULTA : $26.57
PE Ratio BNY : 17.07 ULTA : 17.60
PEG Ratio BNY : 0.84 ULTA : 1.75
PS Ratio BNY : 2.50 ULTA : 1.65
PB Ratio BNY : 2.55 ULTA : 7.97
Total Revenue (TTM) BNY : $40.65B ULTA : $12.71B
Gross Profit (TTM) BNY : $20.54B ULTA : $5.00B
EBITDA (TTM) BNY : $8.96B ULTA : $1.81B

Return for Risk

BNY vs. ULTA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BNY

BNY Risk / Return Rank: 95
BNY Sharpe Ratio Rank: 96
BNY Sortino Ratio Rank: 95
BNY Omega Ratio Rank: 94
BNY Calmar Ratio Rank: 95
BNY Martin Ratio Rank: 95

ULTA

ULTA Risk / Return Rank: 42
ULTA Sharpe Ratio Rank: 44
ULTA Sortino Ratio Rank: 38
ULTA Omega Ratio Rank: 39
ULTA Calmar Ratio Rank: 43
ULTA Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BNY vs. ULTA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Bank of New York Mellon Corporation (BNY) and Ulta Beauty, Inc. (ULTA). 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.

	BNY	ULTA	Difference
Sharpe ratio: Return per unit of total volatility	3.17	0.03	+3.14
Sortino ratio: Return per unit of downside risk	3.87	0.29	+3.58
Omega ratio: Gain probability vs. loss probability	1.51	1.04	+0.47
Calmar ratio: Return relative to maximum drawdown	6.29	0.03	+6.26
Martin ratio: Return relative to average drawdown	17.79	0.08	+17.71

BNY vs. ULTA - Sharpe Ratio Comparison

The current BNY Sharpe Ratio is 3.17, which is higher than the ULTA Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of BNY and ULTA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BNY vs. ULTA - Drawdown Comparison

The maximum BNY drawdown since its inception was -72.28%, smaller than the maximum ULTA drawdown of -87.89%. Use the drawdown chart below to compare losses from any high point for BNY and ULTA.

Drawdown Indicators

	BNY	ULTA	Difference
Max Drawdown Largest peak-to-trough decline	-72.28%	-87.89%	+15.61%
Max Drawdown (1Y) Largest decline over 1 year	-10.15%	-34.56%	+24.41%
Max Drawdown (3Y) Largest decline over 3 years	-17.58%	-44.56%	+26.98%
Max Drawdown (5Y) Largest decline over 5 years	-40.45%	-44.56%	+4.11%
Max Drawdown (10Y) Largest decline over 10 years	-50.49%	-64.92%	+14.43%
Current Drawdown Current decline from peak	-0.03%	-33.82%	+33.79%
Average Drawdown Average peak-to-trough decline	-18.71%	-20.81%	+2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.58%	14.13%	-10.55%

Volatility

BNY vs. ULTA - Volatility Comparison

The current volatility for The Bank of New York Mellon Corporation (BNY) is 5.74%, while Ulta Beauty, Inc. (ULTA) has a volatility of 9.69%. This indicates that BNY experiences smaller price fluctuations and is considered to be less risky than ULTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BNY	ULTA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.74%	9.69%	-3.95%
Volatility (6M) Calculated over the trailing 6-month period	16.13%	25.04%	-8.91%
Volatility (1Y) Calculated over the trailing 1-year period	20.11%	33.39%	-13.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.61%	34.26%	-9.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.06%	38.32%	-11.26%

Dividends

BNY vs. ULTA - Dividend Comparison

BNY's dividend yield for the trailing twelve months is around 1.47%, while ULTA has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BNY The Bank of New York Mellon Corporation	1.47%	1.72%	2.32%	3.04%	3.12%	2.24%	2.92%	2.34%	2.21%	1.60%	1.52%	1.65%
ULTA Ulta Beauty, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

BNY vs. ULTA - Profitability Comparison

The chart below illustrates the profitability comparison between The Bank of New York Mellon Corporation and Ulta Beauty, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BNY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Bank of New York Mellon Corporation reported a gross profit of 5.42B and revenue of 9.86B. Therefore, the gross margin over that period was 54.9%.

ULTA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ulta Beauty, Inc. reported a gross profit of 1.27B and revenue of 3.16B. Therefore, the gross margin over that period was 40.1%.

BNY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Bank of New York Mellon Corporation reported an operating income of 2.02B and revenue of 9.86B, resulting in an operating margin of 20.4%.

ULTA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ulta Beauty, Inc. reported an operating income of 448.26M and revenue of 3.16B, resulting in an operating margin of 14.2%.

BNY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Bank of New York Mellon Corporation reported a net income of 1.63B and revenue of 9.86B, resulting in a net margin of 16.6%.

ULTA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ulta Beauty, Inc. reported a net income of 340.47M and revenue of 3.16B, resulting in a net margin of 10.8%.

Frequently Asked Questions

Can I hold both BNY and ULTA in my portfolio?

BNY and ULTA 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.

Which is riskier, BNY or ULTA?

ULTA has higher volatility (9.69%) compared to BNY (5.74%). In terms of maximum drawdown, BNY dropped -72.28% vs ULTA's -87.89%.

Which has better risk-adjusted returns?

BNY currently has the higher Sharpe Ratio (3.17 vs 0.03), 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.