BIIEX vs. BKLC

Last updated Jun 3, 2026

BIIEX (Brandes International Equity Fund) and BKLC (BNY Mellon US Large Cap Core Equity ETF) are both funds - BIIEX is a Foreign Large Cap Equities fund managed by Brandes, while BKLC is a Large Cap Growth Equities fund tracking the Morningstar US Large Cap Index. Over the past 5 years, BIIEX returned 12.63%/yr vs 14.74%/yr for BKLC. A 0.64 correlation means they provide meaningful diversification when combined. BIIEX charges 0.85%/yr vs 0.00%/yr for BKLC.

Performance

BIIEX vs. BKLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brandes International Equity Fund (BIIEX) and BNY Mellon US Large Cap Core Equity ETF (BKLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BIIEX achieves a 7.27% return, which is significantly lower than BKLC's 11.76% return.

BIIEX

• 1D: -0.17%
• 1M: 1.28%
• YTD: 7.27%
• 6M: 9.87%
• 1Y: 25.14%
• 3Y*: 22.50%
• 5Y*: 12.63%
• 10Y*: 10.31%

BKLC

• 1D: 0.20%
• 1M: 5.66%
• YTD: 11.76%
• 6M: 12.13%
• 1Y: 29.68%
• 3Y*: 23.55%
• 5Y*: 14.74%
• 10Y*: —

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

BIIEX vs. BKLC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BIIEX Brandes International Equity Fund	7.27%	38.82%	7.17%	30.40%	-8.46%	12.86%	35.58%
BKLC BNY Mellon US Large Cap Core Equity ETF	11.76%	18.06%	25.56%	30.88%	-20.52%	27.41%	37.38%

Correlation

The correlation between BIIEX and BKLC is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Apr 13, 2020	0.64

The correlation between BIIEX and BKLC has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.

Return for Risk

BIIEX vs. BKLC — Risk / Return Rank

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

BIIEX

BIIEX Risk / Return Rank: 41
BIIEX Sharpe Ratio Rank: 45
BIIEX Sortino Ratio Rank: 44
BIIEX Omega Ratio Rank: 43
BIIEX Calmar Ratio Rank: 36
BIIEX Martin Ratio Rank: 38

BKLC

BKLC Risk / Return Rank: 73
BKLC Sharpe Ratio Rank: 75
BKLC Sortino Ratio Rank: 72
BKLC Omega Ratio Rank: 75
BKLC Calmar Ratio Rank: 65
BKLC Martin Ratio Rank: 77

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.

BIIEX vs. BKLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brandes International Equity Fund (BIIEX) and BNY Mellon US Large Cap Core Equity ETF (BKLC). 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.

	BIIEX	BKLC	Difference
Sharpe ratio Return per unit of total volatility	1.97	2.47	-0.50
Sortino ratio Return per unit of downside risk	2.78	3.32	-0.54
Omega ratio Gain probability vs. loss probability	1.36	1.45	-0.09
Calmar ratio Return relative to maximum drawdown	2.29	3.30	-1.01
Martin ratio Return relative to average drawdown	8.35	15.12	-6.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BIIEX vs. BKLC - Sharpe Ratio Comparison

The current BIIEX Sharpe Ratio is 1.97, which is comparable to the BKLC Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of BIIEX and BKLC, 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

	BIIEX	BKLC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	2.47	-0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.86	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	1.13	-0.70

Drawdowns

BIIEX vs. BKLC - Drawdown Comparison

The maximum BIIEX drawdown since its inception was -58.76%, which is greater than BKLC's maximum drawdown of -26.14%. Use the drawdown chart below to compare losses from any high point for BIIEX and BKLC.

Drawdown Indicators

	BIIEX	BKLC	Difference
Max Drawdown Largest peak-to-trough decline	-58.76%	-26.14%	-32.62%
Max Drawdown (1Y) Largest decline over 1 year	-11.17%	-9.10%	-2.07%
Max Drawdown (3Y) Largest decline over 3 years	-13.69%	-19.05%	+5.36%
Max Drawdown (5Y) Largest decline over 5 years	-29.73%	-26.14%	-3.59%
Max Drawdown (10Y) Largest decline over 10 years	-42.67%	—	—
Current Drawdown Current decline from peak	-3.48%	0.00%	-3.48%
Average Drawdown Average peak-to-trough decline	-11.60%	-5.27%	-6.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	1.99%	+1.07%

Volatility

BIIEX vs. BKLC - Volatility Comparison

Brandes International Equity Fund (BIIEX) has a higher volatility of 3.74% compared to BNY Mellon US Large Cap Core Equity ETF (BKLC) at 2.88%. This indicates that BIIEX's price experiences larger fluctuations and is considered to be riskier than BKLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIIEX	BKLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.74%	2.88%	+0.86%
Volatility (6M) Calculated over the trailing 6-month period	10.31%	9.10%	+1.21%
Volatility (1Y) Calculated over the trailing 1-year period	13.18%	12.08%	+1.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.06%	17.16%	-2.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.00%	17.45%	-0.45%

BIIEX vs. BKLC - Expense Ratio Comparison

BIIEX has a 0.85% expense ratio, which is higher than BKLC's 0.00% expense ratio.

Dividends

BIIEX vs. BKLC - Dividend Comparison

BIIEX's dividend yield for the trailing twelve months is around 5.75%, more than BKLC's 1.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIIEX Brandes International Equity Fund	5.75%	6.17%	2.95%	2.51%	3.57%	3.81%	1.86%	3.76%	2.83%	1.80%	3.58%	2.53%
BKLC BNY Mellon US Large Cap Core Equity ETF	1.00%	1.05%	1.22%	1.35%	1.64%	1.10%	0.84%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BIIEX and BKLC in my portfolio?

BIIEX and BKLC have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BIIEX or BKLC?

BIIEX has higher volatility (3.74%) compared to BKLC (2.88%). In terms of maximum drawdown, BIIEX dropped -58.76% vs BKLC's -26.14%.

Which has better risk-adjusted returns?

BKLC currently has the higher Sharpe Ratio (2.47 vs 1.97), 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.