SHEH vs. BKGI

Last updated Jul 10, 2026

SHEH (Shell plc ADRhedged ETF) and BKGI (Bny Mellon Global Infrastructure Income ETF) are both Energy Equities funds. SHEH is passively managed, while BKGI is actively managed. Over the past year, SHEH returned 18.17% vs 19.33% for BKGI. At a 0.10 correlation, their price movements are largely independent. SHEH charges 0.19%/yr vs 0.65%/yr for BKGI.

Performance

SHEH vs. BKGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shell plc ADRhedged ETF (SHEH) and Bny Mellon Global Infrastructure Income ETF (BKGI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with SHEH having a 12.47% return and BKGI slightly higher at 12.62%.

SHEH

• 1D: -1.01%
• 1M: -4.67%
• 6M: 16.82%
• YTD: 12.47%
• 1Y: 18.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BKGI

• 1D: -0.09%
• 1M: -0.58%
• 6M: 11.59%
• YTD: 12.62%
• 1Y: 19.33%
• 3Y*: 21.68%
• 5Y*: —
• 10Y*: —

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

SHEH vs. BKGI - Yearly Performance Comparison

	2026 (YTD)	2025
SHEH Shell plc ADRhedged ETF	12.47%	12.63%
BKGI Bny Mellon Global Infrastructure Income ETF	12.62%	16.80%

Correlation

The correlation between SHEH and BKGI is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	0.10

Return for Risk

SHEH vs. BKGI — Risk / Return Rank

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

SHEH

SHEH Risk / Return Rank: 28
SHEH Sharpe Ratio Rank: 30
SHEH Sortino Ratio Rank: 29
SHEH Omega Ratio Rank: 28
SHEH Calmar Ratio Rank: 26
SHEH Martin Ratio Rank: 27

BKGI

BKGI Risk / Return Rank: 66
BKGI Sharpe Ratio Rank: 64
BKGI Sortino Ratio Rank: 62
BKGI Omega Ratio Rank: 63
BKGI Calmar Ratio Rank: 77
BKGI Martin Ratio Rank: 66

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.

SHEH vs. BKGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shell plc ADRhedged ETF (SHEH) and Bny Mellon Global Infrastructure Income ETF (BKGI). 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.

	SHEH	BKGI	Difference
Sharpe ratio: Return per unit of total volatility	0.89	1.66	-0.77
Sortino ratio: Return per unit of downside risk	1.32	2.32	-1.00
Omega ratio: Gain probability vs. loss probability	1.16	1.30	-0.14
Calmar ratio: Return relative to maximum drawdown	1.04	3.15	-2.11
Martin ratio: Return relative to average drawdown	2.99	9.50	-6.51

SHEH vs. BKGI - Sharpe Ratio Comparison

The current SHEH Sharpe Ratio is 0.89, which is lower than the BKGI Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of SHEH and BKGI, 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

SHEH vs. BKGI - Drawdown Comparison

The maximum SHEH drawdown since its inception was -17.53%, which is greater than BKGI's maximum drawdown of -14.79%. Use the drawdown chart below to compare losses from any high point for SHEH and BKGI.

Drawdown Indicators

	SHEH	BKGI	Difference
Max Drawdown Largest peak-to-trough decline	-17.53%	-14.79%	-2.74%
Max Drawdown (1Y) Largest decline over 1 year	-17.53%	-6.16%	-11.37%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.16%	—
Current Drawdown Current decline from peak	-13.29%	-2.78%	-10.51%
Average Drawdown Average peak-to-trough decline	-3.95%	-2.57%	-1.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.10%	2.04%	+4.06%

Volatility

SHEH vs. BKGI - Volatility Comparison

Shell plc ADRhedged ETF (SHEH) has a higher volatility of 7.12% compared to Bny Mellon Global Infrastructure Income ETF (BKGI) at 3.53%. This indicates that SHEH's price experiences larger fluctuations and is considered to be riskier than BKGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SHEH	BKGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.12%	3.53%	+3.59%
Volatility (6M) Calculated over the trailing 6-month period	17.39%	9.48%	+7.91%
Volatility (1Y) Calculated over the trailing 1-year period	20.50%	11.71%	+8.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.49%	14.01%	+6.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.49%	14.01%	+6.48%

SHEH vs. BKGI - Expense Ratio Comparison

SHEH has a 0.19% expense ratio, which is lower than BKGI's 0.65% expense ratio.

Dividends

SHEH vs. BKGI - Dividend Comparison

SHEH's dividend yield for the trailing twelve months is around 2.07%, less than BKGI's 2.93% yield.

Position	TTM	2025	2024	2023	2022
BKGI Bny Mellon Global Infrastructure Income ETF	2.93%	2.65%	4.55%	4.55%	0.53%
SHEH Shell plc ADRhedged ETF	2.07%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SHEH and BKGI in my portfolio?

SHEH and BKGI have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHEH or BKGI?

SHEH has higher volatility (7.12%) compared to BKGI (3.53%). In terms of maximum drawdown, SHEH dropped -17.53% vs BKGI's -14.79%.

Which ETF is better, SHEH or BKGI?

On 1-year performance, BKGI leads with 19.33% vs 18.17% for SHEH. On fees, SHEH is cheaper at 0.19% per year. On volatility, BKGI has been the lower-risk option at 3.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHEH or BKGI?

Over the 1-year period, BKGI has performed better with a 19.33% return vs 18.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHEH or BKGI?

SHEH is cheaper with a 0.19% expense ratio, compared with 0.65% for BKGI.

Which ETF pays a higher dividend yield, SHEH or BKGI?

BKGI has the higher dividend yield at 2.93%, compared with 2.07% for SHEH.

What is the main difference between SHEH and BKGI?

They also come from different issuers: ADRhedged and BNY Mellon. Their fees differ too: 0.19% for SHEH and 0.65% for BKGI.

Which has better risk-adjusted returns?

BKGI currently has the higher Sharpe Ratio (1.66 vs 0.89), 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.