BKCI vs. FDEV

Last updated Jun 4, 2026

BKCI (BNY Mellon Concentrated International ETF) and FDEV (Fidelity International Multifactor ETF) are both Foreign Large Cap Equities funds. BKCI is actively managed, while FDEV is passively managed. Over the past 3 years, BKCI returned 4.55%/yr vs 14.70%/yr for FDEV. Their correlation of 0.85 suggests significant overlap in exposure. BKCI charges 0.80%/yr vs 0.39%/yr for FDEV.

Performance

BKCI vs. FDEV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Concentrated International ETF (BKCI) and Fidelity International Multifactor ETF (FDEV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKCI achieves a 3.52% return, which is significantly lower than FDEV's 3.89% return.

BKCI

• 1D: -0.32%
• 1M: 3.93%
• YTD: 3.52%
• 6M: 4.73%
• 1Y: 6.77%
• 3Y*: 4.55%
• 5Y*: —
• 10Y*: —

FDEV

• 1D: -0.50%
• 1M: -1.71%
• YTD: 3.89%
• 6M: 6.83%
• 1Y: 15.07%
• 3Y*: 14.70%
• 5Y*: 7.01%
• 10Y*: —

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

BKCI vs. FDEV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BKCI BNY Mellon Concentrated International ETF	3.52%	9.94%	-2.44%	20.27%	-20.26%	0.38%
FDEV Fidelity International Multifactor ETF	3.89%	30.36%	5.84%	13.37%	-16.54%	1.94%

Correlation

The correlation between BKCI and FDEV is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (All Time) Calculated using the full available price history since Dec 9, 2021	0.85

The correlation between BKCI and FDEV shifts across timeframes, from 0.74 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.

BKCI vs. FDEV - Sectors Allocation Comparison

Sectors	BKCI	FDEV
Technology	23.5%	3.7%
Healthcare	19.3%	13.3%
Consumer Cyclical	13.9%	4.5%
Industrials	11.7%	15.9%
Basic Materials	11.7%	4.1%
Energy	5.5%	10.8%
Financial Services	5.5%	21.9%
Consumer Defensive	3.5%	9.5%
Real Estate	3.1%	-
Communication Services	2.4%	7.2%
Utilities	-	8.1%

Return for Risk

BKCI vs. FDEV — Risk / Return Rank

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

BKCI

BKCI Risk / Return Rank: 16
BKCI Sharpe Ratio Rank: 16
BKCI Sortino Ratio Rank: 16
BKCI Omega Ratio Rank: 15
BKCI Calmar Ratio Rank: 17
BKCI Martin Ratio Rank: 18

FDEV

FDEV Risk / Return Rank: 36
FDEV Sharpe Ratio Rank: 35
FDEV Sortino Ratio Rank: 34
FDEV Omega Ratio Rank: 35
FDEV Calmar Ratio Rank: 36
FDEV Martin Ratio Rank: 42

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.

BKCI vs. FDEV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Concentrated International ETF (BKCI) and Fidelity International Multifactor ETF (FDEV). 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.

	BKCI	FDEV	Difference
Sharpe ratio: Return per unit of total volatility	0.48	1.28	-0.81
Sortino ratio: Return per unit of downside risk	0.76	1.82	-1.06
Omega ratio: Gain probability vs. loss probability	1.09	1.23	-0.15
Calmar ratio: Return relative to maximum drawdown	0.60	1.79	-1.19
Martin ratio: Return relative to average drawdown	1.89	6.78	-4.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BKCI vs. FDEV - Sharpe Ratio Comparison

The current BKCI Sharpe Ratio is 0.48, which is lower than the FDEV Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of BKCI and FDEV, 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

	BKCI	FDEV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.48	1.28	-0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.52	-0.43

Drawdowns

BKCI vs. FDEV - Drawdown Comparison

The maximum BKCI drawdown since its inception was -31.03%, roughly equal to the maximum FDEV drawdown of -30.11%. Use the drawdown chart below to compare losses from any high point for BKCI and FDEV.

Drawdown Indicators

	BKCI	FDEV	Difference
Max Drawdown Largest peak-to-trough decline	-31.03%	-30.11%	-0.92%
Max Drawdown (1Y) Largest decline over 1 year	-11.30%	-8.46%	-2.84%
Max Drawdown (3Y) Largest decline over 3 years	-20.02%	-10.47%	-9.55%
Max Drawdown (5Y) Largest decline over 5 years	—	-29.02%	—
Current Drawdown Current decline from peak	-1.06%	-4.78%	+3.72%
Average Drawdown Average peak-to-trough decline	-9.40%	-6.29%	-3.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	2.23%	+1.37%

Volatility

BKCI vs. FDEV - Volatility Comparison

BNY Mellon Concentrated International ETF (BKCI) and Fidelity International Multifactor ETF (FDEV) have volatilities of 3.62% and 3.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKCI	FDEV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.62%	3.61%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	11.24%	9.68%	+1.56%
Volatility (1Y) Calculated over the trailing 1-year period	14.30%	11.90%	+2.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.61%	13.90%	+2.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.61%	15.33%	+1.28%

BKCI vs. FDEV - Expense Ratio Comparison

BKCI has a 0.80% expense ratio, which is higher than FDEV's 0.39% expense ratio.

Dividends

BKCI vs. FDEV - Dividend Comparison

BKCI's dividend yield for the trailing twelve months is around 1.34%, less than FDEV's 2.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BKCI BNY Mellon Concentrated International ETF	1.34%	1.39%	0.78%	0.73%	0.46%	0.00%	0.00%	0.00%
FDEV Fidelity International Multifactor ETF	2.83%	2.86%	2.99%	2.80%	2.65%	2.81%	1.88%	2.73%

Frequently Asked Questions

Can I hold both BKCI and FDEV in my portfolio?

BKCI and FDEV have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKCI or FDEV?

BKCI has higher volatility (3.62%) compared to FDEV (3.61%). In terms of maximum drawdown, BKCI dropped -31.03% vs FDEV's -30.11%.

Which ETF is better, BKCI or FDEV?

On 3-year performance, FDEV leads with 14.70% vs 4.55% for BKCI. On fees, FDEV is cheaper at 0.39% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKCI or FDEV?

Over the 3-year period, FDEV has performed better with a 14.70% return vs 4.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKCI or FDEV?

FDEV is cheaper with a 0.39% expense ratio, compared with 0.80% for BKCI.

Which ETF pays a higher dividend yield, BKCI or FDEV?

FDEV has the higher dividend yield at 2.83%, compared with 1.34% for BKCI.

What is the main difference between BKCI and FDEV?

They also come from different issuers: BNY Mellon and Fidelity. Their fees differ too: 0.80% for BKCI and 0.39% for FDEV.

Which has better risk-adjusted returns?

FDEV currently has the higher Sharpe Ratio (1.28 vs 0.48), 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.