PXI vs. BKUI
PXI (Invesco DWA Energy Momentum ETF) and BKUI (BNY Mellon Ultra Short Income ETF) are both exchange-traded funds - PXI is a Momentum fund tracking the Dorsey Wright Energy Technical Leaders Index, while BKUI is a Ultrashort Bond fund actively managed by BNY Mellon. PXI is passively managed, while BKUI is actively managed. Over the past 3 years, PXI returned 15.94%/yr vs 5.11%/yr for BKUI. At a correlation of -0.08, they often move in opposite directions. PXI charges 0.60%/yr vs 0.12%/yr for BKUI.
Performance
PXI vs. BKUI - Performance Comparison
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Returns By Period
In the year-to-date period, PXI achieves a 22.95% return, which is significantly higher than BKUI's 1.49% return.
PXI
- 1D
- 1.37%
- 1M
- -7.84%
- YTD
- 22.95%
- 6M
- 23.28%
- 1Y
- 26.37%
- 3Y*
- 15.94%
- 5Y*
- 14.47%
- 10Y*
- 5.74%
BKUI
- 1D
- -0.01%
- 1M
- 0.25%
- YTD
- 1.49%
- 6M
- 1.60%
- 1Y
- 4.12%
- 3Y*
- 5.11%
- 5Y*
- —
- 10Y*
- —
PXI vs. BKUI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PXI Invesco DWA Energy Momentum ETF | 22.95% | 3.86% | 0.76% | 5.48% | 45.85% | 21.74% |
BKUI BNY Mellon Ultra Short Income ETF | 1.49% | 4.93% | 5.50% | 5.75% | -0.08% | -0.26% |
Correlation
The correlation between PXI and BKUI is -0.28, 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 | -0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2021 | -0.08 |
Over the past year, the inverse relationship between PXI and BKUI has strengthened: their correlation has moved from -0.08 to -0.28, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
PXI vs. BKUI — Risk / Return Rank
PXI
BKUI
PXI vs. BKUI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Energy Momentum ETF (PXI) 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.
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.
| PXI | BKUI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.71 | ||
| Sortino ratioReturn per unit of downside risk | -20.78 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 5.43 | -4.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 31.06 | -28.78 |
| Martin ratioReturn relative to average drawdown | 6.80 | 211.18 | -204.37 |
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Drawdowns
PXI vs. BKUI - Drawdown Comparison
The maximum PXI drawdown since its inception was -85.08%, which is greater than BKUI's maximum drawdown of -1.72%. Use the drawdown chart below to compare losses from any high point for PXI and BKUI.
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Drawdown Indicators
| PXI | BKUI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.08% | -1.72% | -83.36% |
Max Drawdown (1Y)Largest decline over 1 year | -11.64% | -0.13% | -11.51% |
Max Drawdown (3Y)Largest decline over 3 years | -30.74% | -0.25% | -30.49% |
Max Drawdown (5Y)Largest decline over 5 years | -33.47% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -79.55% | — | — |
Current DrawdownCurrent decline from peak | -10.43% | -0.05% | -10.38% |
Average DrawdownAverage peak-to-trough decline | -29.38% | -0.27% | -29.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 0.02% | +3.94% |
Volatility
PXI vs. BKUI - Volatility Comparison
Invesco DWA Energy Momentum ETF (PXI) has a higher volatility of 7.91% compared to BNY Mellon Ultra Short Income ETF (BKUI) at 0.17%. This indicates that PXI'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
| PXI | BKUI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.91% | 0.17% | +7.74% |
Volatility (6M)Calculated over the trailing 6-month period | 17.04% | 0.33% | +16.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.14% | 0.42% | +21.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.41% | 0.59% | +32.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.16% | 0.59% | +36.57% |
PXI vs. BKUI - Expense Ratio Comparison
PXI has a 0.60% expense ratio, which is higher than BKUI's 0.12% expense ratio.
Dividends
PXI vs. BKUI - Dividend Comparison
PXI's dividend yield for the trailing twelve months is around 1.71%, 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% |
PXI Invesco DWA Energy Momentum ETF | 1.71% | 1.81% | 1.52% | 1.82% | 3.14% | 0.57% | 1.72% | 2.80% | 0.93% | 0.80% | 0.73% | 2.07% |
Frequently Asked Questions
PXI and BKUI have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PXI has higher volatility (7.91%) compared to BKUI (0.17%). In terms of maximum drawdown, PXI dropped -85.08% vs BKUI's -1.72%.
On 3-year performance, PXI leads with 15.94% vs 5.11% for BKUI. On fees, BKUI is cheaper at 0.12% per year. On volatility, BKUI has been the lower-risk option at 0.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PXI has performed better with a 15.94% return vs 5.11%. 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 0.60% for PXI.
BKUI has the higher dividend yield at 4.21%, compared with 1.71% for PXI.
PXI is categorized as Momentum, while BKUI is Ultrashort Bond. They also come from different issuers: Invesco and BNY Mellon. Their fees differ too: 0.60% for PXI and 0.12% for BKUI.
BKUI currently has the higher Sharpe Ratio (9.90 vs 1.20), 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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