BBMC vs. BKSE

Last updated Jun 4, 2026

BBMC (JPMorgan BetaBuilders U.S. Mid Cap Equity ETF) and BKSE (BNY Mellon US Small Cap Core Equity ETF) are both Small Cap Growth Equities funds - BBMC tracks the Morningstar US Mid Cap Target Market Exposure Extended Index while BKSE tracks the Morningstar US Small Cap Index. Both are passively managed. Over the past 5 years, BBMC returned 8.32%/yr vs 6.89%/yr for BKSE. With a 0.97 correlation, they move nearly in lockstep. BBMC charges 0.07%/yr vs 0.04%/yr for BKSE.

Performance

BBMC vs. BKSE - Performance Comparison

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

Returns By Period

In the year-to-date period, BBMC achieves a 16.66% return, which is significantly higher than BKSE's 13.03% return.

BBMC

• 1D: -0.12%
• 1M: 4.96%
• YTD: 16.66%
• 6M: 16.84%
• 1Y: 33.04%
• 3Y*: 19.56%
• 5Y*: 8.32%
• 10Y*: —

BKSE

• 1D: -1.11%
• 1M: 2.60%
• YTD: 13.03%
• 6M: 12.11%
• 1Y: 32.65%
• 3Y*: 17.40%
• 5Y*: 6.89%
• 10Y*: —

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

BBMC vs. BKSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF	16.66%	12.24%	15.15%	18.37%	-19.77%	17.64%	61.98%
BKSE BNY Mellon US Small Cap Core Equity ETF	13.03%	13.09%	9.56%	22.37%	-18.44%	16.18%	64.10%

Correlation

The correlation between BBMC and BKSE 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 (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Apr 16, 2020	0.97

The correlation between BBMC and BKSE has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

BBMC vs. BKSE - Sectors Allocation Comparison

Sectors	BBMC	BKSE
Technology	21.6%	16.8%
Industrials	18.6%	15.4%
Consumer Cyclical	11.5%	13.3%
Financial Services	10.6%	16.4%
Healthcare	10.0%	11.4%
Real Estate	6.3%	6.6%
Basic Materials	4.9%	4.5%
Consumer Defensive	3.5%	3.2%
Energy	3.1%	7.0%
Utilities	2.6%	3.4%
Communication Services	2.4%	2.2%

Return for Risk

BBMC vs. BKSE — Risk / Return Rank

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

BBMC

BBMC Risk / Return Rank: 63
BBMC Sharpe Ratio Rank: 60
BBMC Sortino Ratio Rank: 60
BBMC Omega Ratio Rank: 56
BBMC Calmar Ratio Rank: 68
BBMC Martin Ratio Rank: 71

BKSE

BKSE Risk / Return Rank: 60
BKSE Sharpe Ratio Rank: 54
BKSE Sortino Ratio Rank: 57
BKSE Omega Ratio Rank: 50
BKSE Calmar Ratio Rank: 70
BKSE Martin Ratio Rank: 66

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.

BBMC vs. BKSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) and BNY Mellon US Small Cap Core Equity ETF (BKSE). 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.

	BBMC	BKSE	Difference
Sharpe ratio: Return per unit of total volatility	2.04	1.87	+0.17
Sortino ratio: Return per unit of downside risk	2.86	2.71	+0.14
Omega ratio: Gain probability vs. loss probability	1.35	1.32	+0.03
Calmar ratio: Return relative to maximum drawdown	3.41	3.49	-0.08
Martin ratio: Return relative to average drawdown	13.41	12.15	+1.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBMC vs. BKSE - Sharpe Ratio Comparison

The current BBMC Sharpe Ratio is 2.04, which is comparable to the BKSE Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of BBMC and BKSE, 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

	BBMC	BKSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	1.87	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.32	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.73	+0.11

Drawdowns

BBMC vs. BKSE - Drawdown Comparison

The maximum BBMC drawdown since its inception was -30.11%, roughly equal to the maximum BKSE drawdown of -29.08%. Use the drawdown chart below to compare losses from any high point for BBMC and BKSE.

Drawdown Indicators

	BBMC	BKSE	Difference
Max Drawdown Largest peak-to-trough decline	-30.11%	-29.08%	-1.03%
Max Drawdown (1Y) Largest decline over 1 year	-9.75%	-9.40%	-0.35%
Max Drawdown (3Y) Largest decline over 3 years	-24.18%	-26.76%	+2.58%
Max Drawdown (5Y) Largest decline over 5 years	-30.11%	-29.08%	-1.03%
Current Drawdown Current decline from peak	-0.12%	-1.11%	+0.99%
Average Drawdown Average peak-to-trough decline	-8.92%	-9.06%	+0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.47%	2.69%	-0.22%

Volatility

BBMC vs. BKSE - Volatility Comparison

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) has a higher volatility of 4.72% compared to BNY Mellon US Small Cap Core Equity ETF (BKSE) at 4.47%. This indicates that BBMC's price experiences larger fluctuations and is considered to be riskier than BKSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBMC	BKSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	4.47%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	12.14%	11.96%	+0.18%
Volatility (1Y) Calculated over the trailing 1-year period	16.32%	17.63%	-1.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.59%	21.43%	-0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.08%	22.30%	-1.22%

BBMC vs. BKSE - Expense Ratio Comparison

BBMC has a 0.07% expense ratio, which is higher than BKSE'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

BBMC vs. BKSE - Dividend Comparison

BBMC's dividend yield for the trailing twelve months is around 1.09%, less than BKSE's 1.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF	1.09%	1.25%	1.31%	1.36%	1.48%	0.87%	0.69%
BKSE BNY Mellon US Small Cap Core Equity ETF	1.16%	1.26%	1.55%	1.38%	1.50%	1.17%	0.82%

Frequently Asked Questions

Can I hold both BBMC and BKSE in my portfolio?

With a correlation of 0.96, BBMC and BKSE 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, BBMC or BKSE?

BBMC has higher volatility (4.72%) compared to BKSE (4.47%). In terms of maximum drawdown, BBMC dropped -30.11% vs BKSE's -29.08%.

Which ETF is better, BBMC or BKSE?

On 5-year performance, BBMC leads with 8.32% vs 6.89% for BKSE. On fees, BKSE is cheaper at 0.04% per year. On volatility, BKSE has been the lower-risk option at 4.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BBMC or BKSE?

Over the 5-year period, BBMC has performed better with a 8.32% return vs 6.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBMC or BKSE?

BKSE is cheaper with a 0.04% expense ratio, compared with 0.07% for BBMC.

Which ETF pays a higher dividend yield, BBMC or BKSE?

BKSE has the higher dividend yield at 1.16%, compared with 1.09% for BBMC.

What is the main difference between BBMC and BKSE?

BBMC tracks Morningstar US Mid Cap Target Market Exposure Extended Index, while BKSE tracks Morningstar US Small Cap Index. They also come from different issuers: JPMorgan and BNY Mellon. Their fees differ too: 0.07% for BBMC and 0.04% for BKSE.

Which has better risk-adjusted returns?

BBMC currently has the higher Sharpe Ratio (2.04 vs 1.87), 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.