IGE vs. BKUI
IGE (iShares North American Natural Resources ETF) and BKUI (BNY Mellon Ultra Short Income ETF) are both exchange-traded funds - IGE is a Energy Equities fund tracking the S&P North American Natural Resources Sector Index, while BKUI is a Ultrashort Bond fund actively managed by BNY Mellon. IGE is passively managed, while BKUI is actively managed. Over the past 3 years, IGE returned 20.25%/yr vs 5.21%/yr for BKUI. At a correlation of -0.02, they often move in opposite directions. IGE charges 0.39%/yr vs 0.12%/yr for BKUI.
Performance
IGE vs. BKUI - Performance Comparison
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Returns By Period
In the year-to-date period, IGE achieves a 22.98% return, which is significantly higher than BKUI's 1.42% return.
IGE
- 1D
- -0.15%
- 1M
- -0.36%
- YTD
- 22.98%
- 6M
- 23.36%
- 1Y
- 43.74%
- 3Y*
- 20.25%
- 5Y*
- 17.22%
- 10Y*
- 9.79%
BKUI
- 1D
- -0.01%
- 1M
- 0.33%
- YTD
- 1.42%
- 6M
- 1.74%
- 1Y
- 4.32%
- 3Y*
- 5.21%
- 5Y*
- —
- 10Y*
- —
IGE vs. BKUI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IGE iShares North American Natural Resources ETF | 22.98% | 20.41% | 7.55% | 3.12% | 33.24% | 10.03% |
BKUI BNY Mellon Ultra Short Income ETF | 1.42% | 4.93% | 5.50% | 5.75% | -0.08% | -0.26% |
Correlation
The correlation between IGE and BKUI is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2021 | -0.02 |
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Return for Risk
IGE vs. BKUI — Risk / Return Rank
IGE
BKUI
IGE vs. BKUI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares North American Natural Resources ETF (IGE) 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.
| IGE | BKUI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.77 | ||
| Sortino ratioReturn per unit of downside risk | -21.60 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 6.02 | -4.57 |
| Calmar ratioReturn relative to maximum drawdown | 7.93 | 32.56 | -24.63 |
| Martin ratioReturn relative to average drawdown | 19.51 | 230.94 | -211.43 |
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
| IGE | BKUI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.75 | 10.52 | -7.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 6.08 | -5.78 |
Drawdowns
IGE vs. BKUI - Drawdown Comparison
The maximum IGE drawdown since its inception was -67.55%, which is greater than BKUI's maximum drawdown of -1.72%. Use the drawdown chart below to compare losses from any high point for IGE and BKUI.
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Drawdown Indicators
| IGE | BKUI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.55% | -1.72% | -65.83% |
Max Drawdown (1Y)Largest decline over 1 year | -5.54% | -0.13% | -5.41% |
Max Drawdown (3Y)Largest decline over 3 years | -19.49% | -0.25% | -19.24% |
Max Drawdown (5Y)Largest decline over 5 years | -25.72% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -60.57% | — | — |
Current DrawdownCurrent decline from peak | -2.86% | -0.01% | -2.85% |
Average DrawdownAverage peak-to-trough decline | -18.90% | -0.27% | -18.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 0.02% | +2.23% |
Volatility
IGE vs. BKUI - Volatility Comparison
iShares North American Natural Resources ETF (IGE) has a higher volatility of 4.40% compared to BNY Mellon Ultra Short Income ETF (BKUI) at 0.15%. This indicates that IGE's price experiences larger fluctuations and is considered to be riskier than BKUI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGE | BKUI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 0.15% | +4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 12.67% | 0.31% | +12.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 0.41% | +15.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.45% | 0.59% | +21.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.94% | 0.59% | +24.35% |
IGE vs. BKUI - Expense Ratio Comparison
IGE has a 0.39% expense ratio, which is higher than BKUI's 0.12% expense ratio.
Dividends
IGE vs. BKUI - Dividend Comparison
IGE's dividend yield for the trailing twelve months is around 1.89%, less than BKUI's 4.21% 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% |
IGE iShares North American Natural Resources ETF | 1.89% | 2.32% | 2.54% | 2.85% | 2.96% | 2.92% | 3.34% | 5.55% | 2.68% | 2.11% | 1.66% | 3.08% |
Frequently Asked Questions
IGE and BKUI have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGE has higher volatility (4.40%) compared to BKUI (0.15%). In terms of maximum drawdown, IGE dropped -67.55% vs BKUI's -1.72%.
On 3-year performance, IGE leads with 20.25% vs 5.21% for BKUI. On fees, BKUI is cheaper at 0.12% 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, IGE has performed better with a 20.25% return vs 5.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BKUI is cheaper with a 0.12% expense ratio, compared with 0.39% for IGE.
BKUI has the higher dividend yield at 4.21%, compared with 1.89% for IGE.
IGE is categorized as Energy Equities, while BKUI is Ultrashort Bond. They also come from different issuers: iShares and BNY Mellon. Their fees differ too: 0.39% for IGE and 0.12% for BKUI.
BKUI currently has the higher Sharpe Ratio (10.52 vs 2.75), 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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