XOMO vs. BKUI

Last updated Jun 4, 2026

XOMO (YieldMax XOM Option Income Strategy ETF) and BKUI (BNY Mellon Ultra Short Income ETF) are both exchange-traded funds - XOMO is a Derivative Income fund actively managed by YieldMax, while BKUI is a Ultrashort Bond fund actively managed by BNY Mellon. Both are actively managed. Over the past year, XOMO returned 30.87% vs 4.32% for BKUI. At a correlation of -0.11, they often move in opposite directions. XOMO charges 1.01%/yr vs 0.12%/yr for BKUI.

Performance

XOMO vs. BKUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax XOM Option Income Strategy ETF (XOMO) and BNY Mellon Ultra Short Income ETF (BKUI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XOMO achieves a 17.25% return, which is significantly higher than BKUI's 1.42% return.

XOMO

• 1D: 1.39%
• 1M: -1.15%
• YTD: 17.25%
• 6M: 19.54%
• 1Y: 30.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BKUI

• 1D: -0.01%
• 1M: 0.33%
• YTD: 1.42%
• 6M: 1.74%
• 1Y: 4.32%
• 3Y*: 5.21%
• 5Y*: —
• 10Y*: —

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

XOMO vs. BKUI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XOMO YieldMax XOM Option Income Strategy ETF	17.25%	6.90%	6.11%	-8.62%
BKUI BNY Mellon Ultra Short Income ETF	1.42%	4.93%	5.50%	2.27%

Correlation

The correlation between XOMO 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 (All Time) Calculated using the full available price history since Sep 1, 2023	-0.11

The correlation between XOMO and BKUI shifts across timeframes, from -0.28 (1 year) to -0.11 (all time), reflecting how their relationship changes across market environments.

Return for Risk

XOMO vs. BKUI — Risk / Return Rank

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

XOMO

XOMO Risk / Return Rank: 42
XOMO Sharpe Ratio Rank: 44
XOMO Sortino Ratio Rank: 40
XOMO Omega Ratio Rank: 42
XOMO Calmar Ratio Rank: 45
XOMO Martin Ratio Rank: 40

BKUI

BKUI Risk / Return Rank: 99
BKUI Sharpe Ratio Rank: 99
BKUI Sortino Ratio Rank: 100
BKUI Omega Ratio Rank: 100
BKUI Calmar Ratio Rank: 99
BKUI Martin Ratio Rank: 99

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.

XOMO vs. BKUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax XOM Option Income Strategy ETF (XOMO) 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.

	XOMO	BKUI	Difference
Sharpe ratio: Return per unit of total volatility	1.55	10.52	-8.98
Sortino ratio: Return per unit of downside risk	2.06	25.25	-23.19
Omega ratio: Gain probability vs. loss probability	1.27	6.02	-4.75
Calmar ratio: Return relative to maximum drawdown	2.26	32.56	-30.30
Martin ratio: Return relative to average drawdown	6.35	230.94	-224.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XOMO vs. BKUI - Sharpe Ratio Comparison

The current XOMO Sharpe Ratio is 1.55, which is lower than the BKUI Sharpe Ratio of 10.52. The chart below compares the historical Sharpe Ratios of XOMO and BKUI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XOMO	BKUI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	10.52	-8.98
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	6.08	-5.69

Drawdowns

XOMO vs. BKUI - Drawdown Comparison

The maximum XOMO drawdown since its inception was -18.90%, which is greater than BKUI's maximum drawdown of -1.72%. Use the drawdown chart below to compare losses from any high point for XOMO and BKUI.

Drawdown Indicators

	XOMO	BKUI	Difference
Max Drawdown Largest peak-to-trough decline	-18.90%	-1.72%	-17.18%
Max Drawdown (1Y) Largest decline over 1 year	-13.73%	-0.13%	-13.60%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.25%	—
Current Drawdown Current decline from peak	-9.89%	-0.01%	-9.88%
Average Drawdown Average peak-to-trough decline	-7.21%	-0.27%	-6.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.88%	0.02%	+4.86%

Volatility

XOMO vs. BKUI - Volatility Comparison

YieldMax XOM Option Income Strategy ETF (XOMO) has a higher volatility of 7.53% compared to BNY Mellon Ultra Short Income ETF (BKUI) at 0.15%. This indicates that XOMO'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.

Volatility by Period

	XOMO	BKUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.53%	0.15%	+7.38%
Volatility (6M) Calculated over the trailing 6-month period	16.61%	0.31%	+16.30%
Volatility (1Y) Calculated over the trailing 1-year period	20.07%	0.41%	+19.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.95%	0.59%	+18.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.95%	0.59%	+18.36%

XOMO vs. BKUI - Expense Ratio Comparison

XOMO has a 1.01% expense ratio, which is higher than BKUI's 0.12% expense ratio.

Dividends

XOMO vs. BKUI - Dividend Comparison

XOMO's dividend yield for the trailing twelve months is around 34.77%, more than BKUI's 4.21% yield.

Position	TTM	2025	2024	2023	2022	2021
BKUI BNY Mellon Ultra Short Income ETF	4.21%	4.48%	5.11%	4.29%	1.82%	0.22%
XOMO YieldMax XOM Option Income Strategy ETF	34.77%	31.64%	26.94%	5.13%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XOMO and BKUI in my portfolio?

XOMO 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.

Which is riskier, XOMO or BKUI?

XOMO has higher volatility (7.53%) compared to BKUI (0.15%). In terms of maximum drawdown, XOMO dropped -18.90% vs BKUI's -1.72%.

Which ETF is better, XOMO or BKUI?

On 1-year performance, XOMO leads with 30.87% vs 4.32% 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.

Which ETF has performed better, XOMO or BKUI?

Over the 1-year period, XOMO has performed better with a 30.87% return vs 4.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XOMO or BKUI?

BKUI is cheaper with a 0.12% expense ratio, compared with 1.01% for XOMO.

Which ETF pays a higher dividend yield, XOMO or BKUI?

XOMO has the higher dividend yield at 34.77%, compared with 4.21% for BKUI.

What is the main difference between XOMO and BKUI?

XOMO is categorized as Derivative Income, while BKUI is Ultrashort Bond. They also come from different issuers: YieldMax and BNY Mellon. Their fees differ too: 1.01% for XOMO and 0.12% for BKUI.

Which has better risk-adjusted returns?

BKUI currently has the higher Sharpe Ratio (10.52 vs 1.55), 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.