UPGR vs. BKGI

Last updated Jul 15, 2026

UPGR (Xtrackers US Green Infrastructure Select Equity ETF) and BKGI (Bny Mellon Global Infrastructure Income ETF) are both Energy Equities funds. UPGR is passively managed, while BKGI is actively managed. Over the past 3 years, UPGR returned 1.94%/yr vs 21.33%/yr for BKGI. At a 0.43 correlation, their price movements are largely independent. UPGR charges 0.35%/yr vs 0.65%/yr for BKGI.

Performance

UPGR vs. BKGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers US Green Infrastructure Select Equity ETF (UPGR) and Bny Mellon Global Infrastructure Income ETF (BKGI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UPGR achieves a 6.19% return, which is significantly lower than BKGI's 14.61% return.

UPGR

• 1D: 2.02%
• 1M: -4.25%
• 6M: -2.10%
• YTD: 6.19%
• 1Y: 31.11%
• 3Y*: 1.94%
• 5Y*: —
• 10Y*: —

BKGI

• 1D: 1.21%
• 1M: 0.30%
• 6M: 13.62%
• YTD: 14.61%
• 1Y: 21.54%
• 3Y*: 21.33%
• 5Y*: —
• 10Y*: —

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

UPGR vs. BKGI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UPGR Xtrackers US Green Infrastructure Select Equity ETF	6.19%	35.25%	-14.72%	-15.29%
BKGI Bny Mellon Global Infrastructure Income ETF	14.61%	37.53%	12.35%	1.03%

Correlation

The correlation between UPGR and BKGI is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jul 13, 2023	0.43

The correlation between UPGR and BKGI shifts across timeframes, from 0.31 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.

UPGR vs. BKGI - Sectors Allocation Comparison

Sectors	UPGR	BKGI
Industrials	56.6%	11.8%
Energy	11.1%	20.6%
Basic Materials	9.7%	-
Utilities	8.6%	46.8%
Consumer Cyclical	8.2%	-
Technology	3.7%	-
Consumer Defensive	1.9%	-
Financial Services	0.0%	-
Communication Services	-	2.7%
Healthcare	-	-
Real Estate	-	18.1%

Return for Risk

UPGR vs. BKGI — Risk / Return Rank

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

UPGR

UPGR Risk / Return Rank: 35
UPGR Sharpe Ratio Rank: 32
UPGR Sortino Ratio Rank: 33
UPGR Omega Ratio Rank: 30
UPGR Calmar Ratio Rank: 45
UPGR Martin Ratio Rank: 34

BKGI

BKGI Risk / Return Rank: 74
BKGI Sharpe Ratio Rank: 73
BKGI Sortino Ratio Rank: 71
BKGI Omega Ratio Rank: 71
BKGI Calmar Ratio Rank: 83
BKGI Martin Ratio Rank: 73

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.

UPGR vs. BKGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers US Green Infrastructure Select Equity ETF (UPGR) 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.

	UPGR	BKGI	Difference
Sharpe ratio: Return per unit of total volatility	0.96	1.84	-0.88
Sortino ratio: Return per unit of downside risk	1.47	2.55	-1.09
Omega ratio: Gain probability vs. loss probability	1.17	1.33	-0.16
Calmar ratio: Return relative to maximum drawdown	1.85	3.51	-1.66
Martin ratio: Return relative to average drawdown	4.08	10.53	-6.45

UPGR vs. BKGI - Sharpe Ratio Comparison

The current UPGR Sharpe Ratio is 0.96, which is lower than the BKGI Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of UPGR 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

UPGR vs. BKGI - Drawdown Comparison

The maximum UPGR drawdown since its inception was -46.60%, which is greater than BKGI's maximum drawdown of -14.79%. Use the drawdown chart below to compare losses from any high point for UPGR and BKGI.

Drawdown Indicators

	UPGR	BKGI	Difference
Max Drawdown Largest peak-to-trough decline	-46.60%	-14.79%	-31.81%
Max Drawdown (1Y) Largest decline over 1 year	-16.90%	-6.16%	-10.74%
Max Drawdown (3Y) Largest decline over 3 years	-46.60%	-14.16%	-32.44%
Current Drawdown Current decline from peak	-15.23%	-1.06%	-14.17%
Average Drawdown Average peak-to-trough decline	-20.15%	-2.57%	-17.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.64%	2.05%	+5.59%

Volatility

UPGR vs. BKGI - Volatility Comparison

Xtrackers US Green Infrastructure Select Equity ETF (UPGR) has a higher volatility of 10.82% compared to Bny Mellon Global Infrastructure Income ETF (BKGI) at 3.57%. This indicates that UPGR'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

	UPGR	BKGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.82%	3.57%	+7.25%
Volatility (6M) Calculated over the trailing 6-month period	23.24%	9.57%	+13.67%
Volatility (1Y) Calculated over the trailing 1-year period	32.43%	11.74%	+20.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.99%	14.00%	+16.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.99%	14.00%	+16.99%

UPGR vs. BKGI - Expense Ratio Comparison

UPGR has a 0.35% expense ratio, which is lower than BKGI's 0.65% expense ratio.

Dividends

UPGR vs. BKGI - Dividend Comparison

UPGR's dividend yield for the trailing twelve months is around 0.30%, less than BKGI's 2.88% yield.

Position	TTM	2025	2024	2023	2022
BKGI Bny Mellon Global Infrastructure Income ETF	2.88%	2.65%	4.55%	4.55%	0.53%
UPGR Xtrackers US Green Infrastructure Select Equity ETF	0.30%	0.39%	1.16%	0.32%	0.00%

Frequently Asked Questions

Can I hold both UPGR and BKGI in my portfolio?

UPGR and BKGI have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UPGR or BKGI?

UPGR has higher volatility (10.82%) compared to BKGI (3.57%). In terms of maximum drawdown, UPGR dropped -46.60% vs BKGI's -14.79%.

Which ETF is better, UPGR or BKGI?

On 3-year performance, BKGI leads with 21.33% vs 1.94% for UPGR. On fees, UPGR is cheaper at 0.35% per year. On volatility, BKGI has been the lower-risk option at 3.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UPGR or BKGI?

Over the 3-year period, BKGI has performed better with a 21.33% return vs 1.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UPGR or BKGI?

UPGR is cheaper with a 0.35% expense ratio, compared with 0.65% for BKGI.

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

BKGI has the higher dividend yield at 2.88%, compared with 0.30% for UPGR.

What is the main difference between UPGR and BKGI?

They also come from different issuers: Xtrackers and BNY Mellon. Their fees differ too: 0.35% for UPGR and 0.65% for BKGI.

Which has better risk-adjusted returns?

BKGI currently has the higher Sharpe Ratio (1.84 vs 0.96), 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.