BKCG vs. PFM

Last updated Aug 2, 2026

BKCG (BNY Mellon Concentrated Growth ETF) and PFM (Invesco Dividend Achievers™ ETF) are both Large Cap Growth Equities funds. BKCG is actively managed, while PFM is passively managed. Over the past year, BKCG returned 13.13% vs 19.09% for PFM. Their 0.70 correlation means they have sometimes moved together and sometimes differently. BKCG charges 0.50%/yr vs 0.53%/yr for PFM.

Performance

BKCG vs. PFM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Concentrated Growth ETF (BKCG) and Invesco Dividend Achievers™ ETF (PFM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKCG achieves a 6.03% return, which is significantly lower than PFM's 10.31% return.

BKCG

• 1D: 1.88%
• 1M: 2.24%
• 6M: 4.12%
• YTD: 6.03%
• 1Y: 13.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.01%

PFM

• 1D: -0.21%
• 1M: 0.84%
• 6M: 7.70%
• YTD: 10.31%
• 1Y: 19.09%
• 3Y*: 14.88%
• 5Y*: 10.64%
• 10Y*: 11.60%
• ALL TIME*: 8.77%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BKCG BNY Mellon Concentrated Growth ETF	$101.82K	$84.42K	$71.56K
PFM Invesco Dividend Achievers™ ETF	$817.02K	$841.17K	$978.32K

BKCG vs. PFM - Yearly Performance Comparison

	2026 (YTD)	2025
BKCG BNY Mellon Concentrated Growth ETF	6.03%	20.29%
PFM Invesco Dividend Achievers™ ETF	10.31%	14.95%

Correlation

The correlation between BKCG and PFM is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (All Time) Calculated using the full available price history since Mar 31, 2025	0.70

The correlation between BKCG and PFM has been stable across timeframes, ranging from 0.67 to 0.70 - a consistent structural relationship.

BKCG vs. PFM - Sectors Allocation Comparison

Sectors	BKCG	PFM
Technology	33.5%	23.4%
Financial Services	19.4%	19.0%
Communication Services	10.8%	1.0%
Consumer Cyclical	10.2%	4.0%
Healthcare	6.9%	16.6%
Industrials	5.5%	11.6%
Consumer Defensive	3.3%	11.3%
Basic Materials	-	3.0%
Energy	-	4.2%
Real Estate	-	2.0%
Utilities	-	4.1%

Return for Risk

BKCG vs. PFM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BKCG

BKCG Risk / Return Rank: 32
BKCG Sharpe Ratio Rank: 33
BKCG Sortino Ratio Rank: 32
BKCG Omega Ratio Rank: 30
BKCG Calmar Ratio Rank: 29
BKCG Martin Ratio Rank: 36

PFM

PFM Risk / Return Rank: 81
PFM Sharpe Ratio Rank: 83
PFM Sortino Ratio Rank: 85
PFM Omega Ratio Rank: 82
PFM Calmar Ratio Rank: 74
PFM Martin Ratio Rank: 81

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BKCG vs. PFM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Concentrated Growth ETF (BKCG) and Invesco Dividend Achievers™ ETF (PFM). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BKCG	PFM	Difference
Sharpe ratio: Return per unit of total volatility	0.81	1.92	-1.12
Sortino ratio: Return per unit of downside risk	1.19	2.81	-1.62
Omega ratio: Gain probability vs. loss probability	1.15	1.35	-0.20
Calmar ratio: Return relative to maximum drawdown	0.94	2.57	-1.63
Martin ratio: Return relative to average drawdown	3.58	10.53	-6.95

BKCG vs. PFM - Sharpe Ratio Comparison

The current BKCG Sharpe Ratio is 0.81, which is lower than the PFM Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of BKCG and PFM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BKCG vs. PFM - Drawdown Comparison

The maximum BKCG drawdown since its inception was -12.12%, smaller than the maximum PFM drawdown of -53.21%. Use the drawdown chart below to compare losses from any high point for BKCG and PFM.

Drawdown Indicators

	BKCG	PFM	Difference
Max Drawdown Largest peak-to-trough decline	-12.12%	-53.21%	+41.09%
Max Drawdown (1Y) Largest decline over 1 year	-12.12%	-7.09%	-5.03%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.50%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.81%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.22%	—
Current Drawdown Current decline from peak	-0.20%	-1.00%	+0.80%
Average Drawdown Average peak-to-trough decline	-2.06%	-6.89%	+4.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	1.73%	+1.47%

Volatility

BKCG vs. PFM - Volatility Comparison

BNY Mellon Concentrated Growth ETF (BKCG) has a higher volatility of 4.02% compared to Invesco Dividend Achievers™ ETF (PFM) at 2.60%. This indicates that BKCG's price experiences larger fluctuations and is considered to be riskier than PFM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKCG	PFM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	2.60%	+1.42%
Volatility (6M) Calculated over the trailing 6-month period	11.39%	7.11%	+4.28%
Volatility (1Y) Calculated over the trailing 1-year period	14.17%	9.52%	+4.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.85%	13.47%	+4.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.85%	15.18%	+2.67%

BKCG vs. PFM - Expense Ratio Comparison

BKCG has a 0.50% expense ratio, which is lower than PFM's 0.53% expense ratio.

Dividends

BKCG vs. PFM - Dividend Comparison

BKCG's dividend yield for the trailing twelve months is around 0.60%, less than PFM's 1.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKCG BNY Mellon Concentrated Growth ETF	0.60%	0.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PFM Invesco Dividend Achievers™ ETF	1.32%	1.41%	1.58%	1.86%	1.95%	1.69%	1.92%	1.94%	2.27%	1.70%	2.56%	2.36%

Frequently Asked Questions

Can I hold both BKCG and PFM in my portfolio?

BKCG and PFM have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKCG or PFM?

BKCG has higher volatility (4.02%) compared to PFM (2.60%). In terms of maximum drawdown, BKCG dropped -12.12% vs PFM's -53.21%.

Which ETF is better, BKCG or PFM?

On 1-year performance, PFM leads with 19.09% vs 13.13% for BKCG. On fees, BKCG is cheaper at 0.50% per year. On volatility, PFM has been the lower-risk option at 2.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKCG or PFM?

Over the 1-year period, PFM has performed better with a 19.09% return vs 13.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKCG or PFM?

BKCG is cheaper with a 0.50% expense ratio, compared with 0.53% for PFM.

Which ETF pays a higher dividend yield, BKCG or PFM?

PFM has the higher dividend yield at 1.32%, compared with 0.60% for BKCG.

What is the main difference between BKCG and PFM?

They also come from different issuers: BNY Mellon and Invesco. Their fees differ too: 0.50% for BKCG and 0.53% for PFM.

Which has better risk-adjusted returns?

PFM currently has the higher Sharpe Ratio (1.92 vs 0.81), 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.