BKDV vs. BKLC

Last updated Apr 1, 2026

Compare and contrast key facts about BNY Mellon Dynamic Value ETF (BKDV) and BNY Mellon US Large Cap Core Equity ETF (BKLC).

BKDV and BKLC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BKDV is an actively managed fund by BNY Mellon. It was launched on Nov 1, 2024. BKLC is a passively managed fund by BNY Mellon that tracks the performance of the Morningstar US Large Cap Index. It was launched on Apr 9, 2020.

Performance

BKDV vs. BKLC - Performance Comparison

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

BKDV vs. BKLC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BKDV BNY Mellon Dynamic Value ETF	2.21%	18.58%	-0.91%
BKLC BNY Mellon US Large Cap Core Equity ETF	-4.58%	18.06%	3.61%

Returns By Period

In the year-to-date period, BKDV achieves a 2.21% return, which is significantly higher than BKLC's -4.58% return.

BKDV

• 1D: 2.10%
• 1M: -4.11%
• YTD: 2.21%
• 6M: 7.34%
• 1Y: 18.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BKLC

• 1D: 2.97%
• 1M: -4.99%
• YTD: -4.58%
• 6M: -2.24%
• 1Y: 18.74%
• 3Y*: 19.44%
• 5Y*: 12.04%
• 10Y*: —

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

BKDV vs. BKLC - Expense Ratio Comparison

BKDV has a 0.60% expense ratio, which is higher than BKLC's 0.00% expense ratio.

BKDV

BNY Mellon Dynamic Value ETF

BKLC

BNY Mellon US Large Cap Core Equity ETF

Return for Risk

BKDV vs. BKLC — Risk / Return Rank

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

BKDV

BKDV Risk / Return Rank: 61
BKDV Sharpe Ratio Rank: 59
BKDV Sortino Ratio Rank: 57
BKDV Omega Ratio Rank: 60
BKDV Calmar Ratio Rank: 60
BKDV Martin Ratio Rank: 67

BKLC

BKLC Risk / Return Rank: 66
BKLC Sharpe Ratio Rank: 61
BKLC Sortino Ratio Rank: 63
BKLC Omega Ratio Rank: 67
BKLC Calmar Ratio Rank: 66
BKLC Martin Ratio Rank: 74

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.

BKDV vs. BKLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Dynamic Value ETF (BKDV) 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.

	BKDV	BKLC	Difference
Sharpe ratio Return per unit of total volatility	1.07	1.02	+0.05
Sortino ratio Return per unit of downside risk	1.53	1.53	0.00
Omega ratio Gain probability vs. loss probability	1.23	1.24	-0.01
Calmar ratio Return relative to maximum drawdown	1.58	1.55	+0.04
Martin ratio Return relative to average drawdown	6.97	7.24	-0.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BKDV vs. BKLC - Sharpe Ratio Comparison

The current BKDV Sharpe Ratio is 1.07, which is comparable to the BKLC Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of BKDV and BKLC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BKDV	BKLC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	1.02	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.98	-0.10

Correlation

The correlation between BKDV and BKLC is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

BKDV vs. BKLC - Dividend Comparison

BKDV's dividend yield for the trailing twelve months is around 0.60%, less than BKLC's 1.11% yield.

	TTM	2025	2024	2023	2022	2021	2020
BKDV BNY Mellon Dynamic Value ETF	0.60%	0.62%	0.27%	0.00%	0.00%	0.00%	0.00%
BKLC BNY Mellon US Large Cap Core Equity ETF	1.11%	1.05%	1.22%	1.35%	1.64%	1.10%	0.84%

Drawdowns

BKDV vs. BKLC - Drawdown Comparison

The maximum BKDV drawdown since its inception was -15.49%, smaller than the maximum BKLC drawdown of -26.14%. Use the drawdown chart below to compare losses from any high point for BKDV and BKLC.

Drawdown Indicators

	BKDV	BKLC	Difference
Max Drawdown Largest peak-to-trough decline	-15.49%	-26.14%	+10.65%
Max Drawdown (1Y) Largest decline over 1 year	-12.07%	-12.05%	-0.02%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.14%	—
Current Drawdown Current decline from peak	-4.69%	-6.40%	+1.71%
Average Drawdown Average peak-to-trough decline	-2.59%	-5.40%	+2.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	2.58%	+0.16%

Volatility

BKDV vs. BKLC - Volatility Comparison

The current volatility for BNY Mellon Dynamic Value ETF (BKDV) is 4.62%, while BNY Mellon US Large Cap Core Equity ETF (BKLC) has a volatility of 5.41%. This indicates that BKDV experiences smaller price fluctuations and is considered to be less risky than BKLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKDV	BKLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.62%	5.41%	-0.79%
Volatility (6M) Calculated over the trailing 6-month period	9.09%	9.69%	-0.60%
Volatility (1Y) Calculated over the trailing 1-year period	16.88%	18.48%	-1.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.05%	17.18%	-1.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.05%	17.59%	-1.54%