BKUI vs IVV
BNY Mellon Ultra Short Income ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BKUI | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.03% | |
| AUM | $574M | $865.2B | |
| Dividend Yield | 4.20% | 1.09% | |
| Holdings | 161 | 508 | |
| YTD Return | +1.70% | +13.43% | |
| 1Y Return | +3.56% | +22.61% | |
| 3Y Return (annualized) | +4.82% | +21.47% | |
| 5Y Return (annualized) | +3.40% | +13.26% | |
| Volatility (annualized) | 1.0% | 15.1% | |
| Max Drawdown | -1.7% | -56.5% | |
| Fund Family | BNY Mellon Investment Management | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Aug 9, 2021 | May 15, 2000 |
BKUI vs IVV Performance
BNY Mellon Ultra Short Income ETF (BKUI) is a ETF from BNY Mellon Investment Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BKUI returned +3.56% while IVV returned +22.61%. Year to date, BKUI is up 1.70% versus a gain of 13.43% for IVV.
Over three years, BKUI compounded at +4.82% per year against +21.47% for IVV; over five years the annualized figures are +3.40% and +13.26% respectively. Across the full 5-year window we track, IVV has the edge at +7.03% annualized vs +3.40%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 1.0% for BKUI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -1.7% for BKUI and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BKUI charges 0.12% per year while IVV charges 0.03%. On a $10,000 position that is $12 vs $3 annually, a gap of $9 per year that compounds over a long holding period. On income, BKUI currently yields 4.20% against 1.09% for IVV.
Holdings Overlap
BKUI and IVV share 0 holdings out of 612 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BKUI or IVV?
BKUI has an expense ratio of 0.12% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, BKUI or IVV?
Over the past year BKUI returned +3.56% vs +22.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (5 years), BKUI annualized +3.40% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, BKUI or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 1.0% for BKUI. Worst drawdown: BKUI -1.7% vs IVV -56.5%.
Should I hold both BKUI and IVV?
BKUI and IVV have a monthly-return correlation of 0.38, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BKUI and IVV?
BKUI and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 612 unique securities.
Which pays a higher dividend, BKUI or IVV?
BKUI yields 4.20% while IVV yields 1.09%, so BKUI currently pays the higher dividend yield.
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