AVMC vs. BKMC

Last updated Jun 4, 2026

AVMC (Avantis U.S. Mid Cap Equity ETF) and BKMC (BNY Mellon US Mid Cap Core Equity ETF) are both exchange-traded funds - AVMC is a Mid Cap Blend Equities fund actively managed by Avantis, while BKMC is a Mid Cap Growth Equities fund tracking the Morningstar US Mid Cap Index. AVMC is actively managed, while BKMC is passively managed. Over the past year, AVMC returned 23.35% vs 23.02% for BKMC. With a 0.97 correlation, they move nearly in lockstep. AVMC charges 0.20%/yr vs 0.04%/yr for BKMC.

Performance

AVMC vs. BKMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis U.S. Mid Cap Equity ETF (AVMC) and BNY Mellon US Mid Cap Core Equity ETF (BKMC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVMC achieves a 12.04% return, which is significantly higher than BKMC's 11.31% return.

AVMC

• 1D: -0.05%
• 1M: 2.56%
• YTD: 12.04%
• 6M: 12.42%
• 1Y: 23.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BKMC

• 1D: -0.34%
• 1M: 3.45%
• YTD: 11.31%
• 6M: 11.40%
• 1Y: 23.02%
• 3Y*: 16.09%
• 5Y*: 7.85%
• 10Y*: —

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

AVMC vs. BKMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVMC Avantis U.S. Mid Cap Equity ETF	12.04%	9.98%	16.84%	15.39%
BKMC BNY Mellon US Mid Cap Core Equity ETF	11.31%	8.74%	13.78%	16.28%

Correlation

The correlation between AVMC and BKMC is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (All Time) Calculated using the full available price history since Nov 10, 2023	0.97

The correlation between AVMC and BKMC has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

AVMC vs. BKMC - Sectors Allocation Comparison

Sectors	AVMC	BKMC
Industrials	19.3%	22.9%
Financial Services	15.5%	12.4%
Technology	14.1%	16.2%
Consumer Cyclical	11.5%	9.1%
Healthcare	9.8%	11.4%
Energy	8.3%	3.3%
Consumer Defensive	6.7%	4.3%
Utilities	5.5%	2.4%
Basic Materials	5.5%	4.6%
Communication Services	3.1%	3.5%
Real Estate	0.6%	7.6%

Return for Risk

AVMC vs. BKMC — Risk / Return Rank

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

AVMC

AVMC Risk / Return Rank: 54
AVMC Sharpe Ratio Rank: 49
AVMC Sortino Ratio Rank: 51
AVMC Omega Ratio Rank: 48
AVMC Calmar Ratio Rank: 60
AVMC Martin Ratio Rank: 61

BKMC

BKMC Risk / Return Rank: 46
BKMC Sharpe Ratio Rank: 43
BKMC Sortino Ratio Rank: 45
BKMC Omega Ratio Rank: 41
BKMC Calmar Ratio Rank: 48
BKMC Martin Ratio Rank: 53

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.

AVMC vs. BKMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Mid Cap Equity ETF (AVMC) and BNY Mellon US Mid Cap Core Equity ETF (BKMC). 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.

	AVMC	BKMC	Difference
Sharpe ratio: Return per unit of total volatility	1.71	1.53	+0.18
Sortino ratio: Return per unit of downside risk	2.49	2.26	+0.23
Omega ratio: Gain probability vs. loss probability	1.30	1.27	+0.03
Calmar ratio: Return relative to maximum drawdown	2.97	2.36	+0.61
Martin ratio: Return relative to average drawdown	11.09	9.06	+2.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVMC vs. BKMC - Sharpe Ratio Comparison

The current AVMC Sharpe Ratio is 1.71, which is comparable to the BKMC Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of AVMC and BKMC, 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

	AVMC	BKMC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	1.53	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.30	0.82	+0.48

Drawdowns

AVMC vs. BKMC - Drawdown Comparison

The maximum AVMC drawdown since its inception was -21.84%, smaller than the maximum BKMC drawdown of -25.02%. Use the drawdown chart below to compare losses from any high point for AVMC and BKMC.

Drawdown Indicators

	AVMC	BKMC	Difference
Max Drawdown Largest peak-to-trough decline	-21.84%	-25.02%	+3.18%
Max Drawdown (1Y) Largest decline over 1 year	-7.90%	-9.82%	+1.92%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.68%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.02%	—
Current Drawdown Current decline from peak	-0.05%	-0.34%	+0.29%
Average Drawdown Average peak-to-trough decline	-3.22%	-6.55%	+3.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	2.55%	-0.44%

Volatility

AVMC vs. BKMC - Volatility Comparison

The current volatility for Avantis U.S. Mid Cap Equity ETF (AVMC) is 3.49%, while BNY Mellon US Mid Cap Core Equity ETF (BKMC) has a volatility of 4.16%. This indicates that AVMC experiences smaller price fluctuations and is considered to be less risky than BKMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVMC	BKMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.49%	4.16%	-0.67%
Volatility (6M) Calculated over the trailing 6-month period	9.94%	10.93%	-0.99%
Volatility (1Y) Calculated over the trailing 1-year period	13.76%	15.12%	-1.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.95%	18.77%	-1.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	19.16%	-2.21%

AVMC vs. BKMC - Expense Ratio Comparison

AVMC has a 0.20% expense ratio, which is higher than BKMC's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

AVMC vs. BKMC - Dividend Comparison

AVMC's dividend yield for the trailing twelve months is around 0.95%, less than BKMC's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
AVMC Avantis U.S. Mid Cap Equity ETF	0.95%	1.12%	1.02%	0.24%	0.00%	0.00%	0.00%
BKMC BNY Mellon US Mid Cap Core Equity ETF	1.38%	1.35%	1.54%	1.38%	1.63%	1.15%	0.86%

Frequently Asked Questions

Can I hold both AVMC and BKMC in my portfolio?

With a correlation of 0.96, AVMC and BKMC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AVMC or BKMC?

BKMC has higher volatility (4.16%) compared to AVMC (3.49%). In terms of maximum drawdown, AVMC dropped -21.84% vs BKMC's -25.02%.

Which ETF is better, AVMC or BKMC?

On 1-year performance, AVMC leads with 23.35% vs 23.02% for BKMC. On fees, BKMC is cheaper at 0.04% per year. On volatility, AVMC has been the lower-risk option at 3.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVMC or BKMC?

Over the 1-year period, AVMC has performed better with a 23.35% return vs 23.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVMC or BKMC?

BKMC is cheaper with a 0.04% expense ratio, compared with 0.20% for AVMC.

Which ETF pays a higher dividend yield, AVMC or BKMC?

BKMC has the higher dividend yield at 1.38%, compared with 0.95% for AVMC.

What is the main difference between AVMC and BKMC?

AVMC is categorized as Mid Cap Blend Equities, while BKMC is Mid Cap Growth Equities. They also come from different issuers: Avantis and BNY Mellon. Their fees differ too: 0.20% for AVMC and 0.04% for BKMC.

Which has better risk-adjusted returns?

AVMC currently has the higher Sharpe Ratio (1.71 vs 1.53), 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.