BKUI vs SPY
BNY Mellon Ultra Short Income ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BKUI or SPY?
Ultrashort Term Bond against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BKUI | SPY |
|---|---|---|
| Expense Ratio | 0.12% | 0.09%Best |
| AUM | $590M | $804.7B |
| Dividend Yield | 4.14% | 0.98% |
| Holdings | 152 | 505 |
| YTD Return | +2.28% | +13.81%Best |
| 1Y Return | +3.52% | +16.94%Best |
| 3Y Return (annualized) | +4.82% | +22.84%Best |
| 5Y Return (annualized) | +3.51% | +13.50%Best |
| Volatility (annualized) | 0.9%Best | 15.7% |
| Max Drawdown | -1.7%Best | -24.5% |
| $10,000 over 5 years | $11,883 | $18,836Best |
| Fund Family | BNY Mellon Investment Management | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | Ultrashort Term Bond | Large Cap Blend |
| Inception | Aug 9, 2021 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Aug 11, 2021 to Sep 22, 2026 (5.1 years).
BKUI vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.1 years both funds cover.
BKUI vs SPY Performance
BNY Mellon Ultra Short Income ETF (BKUI) is an ETF from BNY Mellon Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BKUI returned +3.52% while SPY returned +16.94%. Year to date, BKUI is up 2.28% versus a gain of 13.81% for SPY.
Over three years, BKUI compounded at +4.82% per year against +22.84% for SPY; over five years the annualized figures are +3.51% and +13.50% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.7% compared with 0.9% 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 -24.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.40. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BKUI charges 0.12% per year while SPY charges 0.09%. On a $10,000 position that is $12 vs $9 annually, a gap of $3 per year that compounds over a long holding period. On income, BKUI currently yields 4.14% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 97 holdings in BKUI and 504 in SPY, totalling 36.7% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 97 positions we hold weights for in BKUI and 504 in SPY, against full books of 152 and 505.
You are not choosing between two funds in isolation.
Whichever of BKUI and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BKUI or SPY?
BKUI has an expense ratio of 0.12% while SPY charges 0.09%. SPY is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, BKUI or SPY?
Over the past year BKUI returned +3.52% vs +16.94% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BKUI or SPY?
SPY has been the more volatile fund at 15.7% annualized versus 0.9% for BKUI. Worst drawdown: BKUI -1.7% vs SPY -24.5%.
Should I hold both BKUI and SPY?
BKUI and SPY have a monthly-return correlation of 0.40, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BKUI or SPY?
BKUI yields 4.14% while SPY yields 0.98%, so BKUI currently pays the higher dividend yield.
Is SPY better than BKUI?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.