BKAG vs. VOO
Compare and contrast key facts about BNY Mellon Core Bond ETF (BKAG) and Vanguard S&P 500 ETF (VOO).
BKAG and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BKAG is a passively managed fund by The Bank of New York Mellon Corp. that tracks the performance of the Bloomberg Barclays US Aggregate Bond Index. It was launched on Apr 24, 2020. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both BKAG and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BKAG or VOO.
Key characteristics
| BKAG | VOO | |
|---|---|---|
| YTD Return | 1.35% | 10.28% |
| 1Y Return | -3.88% | 5.42% |
| 5Y Return (Ann) | -3.89% | 11.00% |
| 10Y Return (Ann) | -3.89% | 11.83% |
| Sharpe Ratio | -0.48 | 0.36 |
| Daily Std Dev | 8.18% | 21.12% |
| Max Drawdown | -18.53% | -33.99% |
Correlation
The correlation between BKAG and VOO is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
BKAG vs. VOO - Performance Comparison
In the year-to-date period, BKAG achieves a 1.35% return, which is significantly lower than VOO's 10.28% return. Over the past 10 years, BKAG has underperformed VOO with an annualized return of -3.89%, while VOO has yielded a comparatively higher 11.83% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BKAG vs. VOO - Dividend Comparison
BKAG's dividend yield for the trailing twelve months is around 3.56%, more than VOO's 1.93% yield.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKAG BNY Mellon Core Bond ETF | 3.56% | 2.52% | 1.60% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.93% | 1.70% | 1.27% | 1.60% | 1.99% | 2.22% | 1.95% | 2.25% | 2.40% | 2.16% | 2.18% | 2.64% |
BKAG vs. VOO - Expense Ratio Comparison
BKAG vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Core Bond ETF (BKAG) and Vanguard S&P 500 ETF (VOO). 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
BKAG BNY Mellon Core Bond ETF | -0.48 | ||||
VOO Vanguard S&P 500 ETF | 0.36 |
BKAG vs. VOO - Drawdown Comparison
The maximum BKAG drawdown for the period was -15.32%, roughly equal to the maximum VOO drawdown of -19.87%. The drawdown chart below compares losses from any high point along the way for BKAG and VOO
BKAG vs. VOO - Volatility Comparison
The current volatility for BNY Mellon Core Bond ETF (BKAG) is 2.09%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.82%. This indicates that BKAG experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.