BKMSvsAAAETF Comparison
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BNY Mellon Municipal Short Duration ETF (BKMS) belongs to the Municipal Bonds segment. AXS First Priority CLO Bond ETF (AAA) is part of the US Corporate IG Bonds segment. BKMS's top 1 sector exposures are Municipal. In contrast, AAA's top sector exposures are Industrials and Finance. BKMS is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.25% for AAA. Run a side-by-side ETF comparison of BKMS and AAA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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BKMS vs AAA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BKMS AAA | -0.07%+0.28% | -0.50%+1.15% | n/a+3.67% | n/a+4.84% | n/a+18.61% | n/a+26.62% |
| Flows | BKMS AAA | +$24M+$5M | +$27M+$27M | -+$30M | -+$30M | -+$65M | -+$63M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BKMS AAA | +1.78%+0.34% | n/a+0.46% | n/a+1.12% | n/a+1.42% |
| Max drawdown | BKMS AAA | -1.90%-0.04% | n/a-0.06% | n/a-0.86% | n/a-2.37% |
| Max drawdown duration | BKMS AAA | 51d4d | n/a3d | n/a26d | n/a375d |
Trading data
BKMS | AAA | |
Last sale 10/16/2026 at 1:30 PM | $25.17 | $24.78 |
| Previous close 10/15/2026 | $25.16 | $24.83 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
BKMS | AAA | |
|---|---|---|
| Last price | $25.17 | $24.78 |
| 1D performance | +0.06% | -0.21% |
| AuM | $455.14 M | $72.50 M |
| E/R | 0.35% | 0.25% |
Characteristics
BKMS | AAA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | BNY Mellon | AXS Investments |
| Benchmark | - | - |
| N° of holdings | 43 | 8 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 9, 2026 | September 9, 2020 |
| ESG | No | No |
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Exposure
Countries
BKMS
USA
24.68%
Other
75.32%
AAA
USA
22.83%
Other
77.17%
Sectors
BKMS
Municipal
24.68%
Other
75.32%
AAA
Industrials
18.19%
Other
81.81%
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Diversification
BKMS
Total weight of top 15 holdings out of 15
20.5%
AAA
Total weight of top 15 holdings out of 15
60.18%
Top 15 holdings
Data as of August 31, 2026
BKMS
US762196EY54
2.31%
Tarrant Cultural Education Facilities Finance Corp., 5% 15nov2064, USD (2025B)
1.85%
Southeast Energy Authority, 5% 1may2053, USD (2022)
1.76%
New York Dormitory Authority, 5% 1jul2048, USD
1.46%
Connecticut Health and Educational Facilities Authority, 5% 1jul2064, USD (2025B-1)
1.34%
US71783TAC45
1.27%
City of New York, 5% 1aug2030, USD (2026)
1.25%
Private Colleges and Universities Authority, 5% 1sep2029, USD (2025A)
1.24%
Virginia Transportation Board, 5% 15may2031, USD (2017A)
1.19%
US899576HE55
1.18%
US593344CB87
1.17%
New York Housing Finance Agency, 3.6% 1nov2064, USD (2025)
1.17%
Rural Water Financing Agency, 2.75% 1may2028, USD (2025A)
1.15%
US803770XC53
1.11%
US45470YGD76
1.04%
AAA
Fortress Credit BSL 2025-2A, FRN 15oct2038, USD (ABS, A)
4.64%
LCM 38A, FRN 4nov2038, USD (ABS, AR2)
4.64%
US482937AJ80
4.63%
US55819MBC91
4.63%
Carlyle US CLO 2019-4A, FRN 22jun2039, USD (ABS, A12)
4.63%
US03768UAG40
4.63%
US73052VAN55
4.63%
US83013NAC48
4.62%
US64130TBJ34
4.62%
US03766HAQ39
3.09%
Fortress Credit BSL 2024-4A, FRN 15jan2038, USD (ABS, A)
3.09%
US03166GAA67
3.09%
US15032EAY59
3.09%
US149791BG90
3.09%
US92919AAN46
3.08%
Frequently asked questions about BKMS and AAA
Which ETF is bigger: BKMS or AAA?
As of October 16, 2026, BKMS holds $455.14 M in assets under management (AUM), while AAA manages $72.50 M.
What sectors do the BKMS and AAA ETFs invest in?
BKMS leans toward sectors like Municipal. Meanwhile, AAA focuses on Industrials.
What are the top holdings of the BKMS ETF and AAA ETF?
BKMS top holdings include US762196EY54, Tarrant Cultural Education Facilities Finance Corp., 5% 15nov2064, USD (2025B) and Southeast Energy Authority, 5% 1may2053, USD (2022). AAA holds in its top three: Fortress Credit BSL 2025-2A, FRN 15oct2038, USD (ABS, A), LCM 38A, FRN 4nov2038, USD (ABS, AR2) and US482937AJ80.
Which ETF is more diversified: BKMS or AAA?
BKMS holds 253 securities with 20.5% of its assets in the top 15. AAA has 35 securities and a top 15 weight of 60.18%.
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Latest news about BKMS & AAA
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