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BKDV vs. IWX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BKDV vs. IWX

Last updated Aug 2, 2026
Documentation

BKDV (BNY Mellon Dynamic Value ETF) and IWX (iShares Russell Top 200 Value ETF) are both Large Cap Value Equities funds. BKDV is actively managed, while IWX is passively managed. Over the past year, BKDV returned 30.07% vs 34.92% for IWX. Their correlation of 0.93 means they have usually moved in the same direction. BKDV charges 0.60%/yr vs 0.20%/yr for IWX.

Performance

BKDV vs. IWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Dynamic Value ETF (BKDV) and iShares Russell Top 200 Value ETF (IWX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BKDV achieves a 17.20% return, which is significantly lower than IWX's 20.90% return.

BKDV

1D
0.92%
1M
0.92%
6M
12.24%
YTD
17.20%
1Y
30.07%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
20.24%

IWX

1D
0.74%
1M
2.59%
6M
15.57%
YTD
20.90%
1Y
34.92%
3Y*
18.98%
5Y*
12.65%
10Y*
12.13%
ALL TIME*
11.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

BKDV

BNY Mellon Dynamic Value ETF
$14.15M$13.74M$12.33M

IWX

iShares Russell Top 200 Value ETF
$55.11M$49.72M$33.93M

BKDV vs. IWX - Yearly Performance Comparison

2026 (YTD)20252024
BKDV
BNY Mellon Dynamic Value ETF		17.20%18.58%-0.91%
IWX
iShares Russell Top 200 Value ETF		20.90%18.23%-1.19%

Correlation

The correlation between BKDV and IWX is 0.92, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.92

Correlation (All Time)
Calculated using the full available price history since Nov 4, 2024

0.93

The correlation between BKDV and IWX has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

BKDV vs. IWX - Sectors Allocation Comparison

Sectors
BKDV
IWX

Financial Services

21.9%
20.0%

Technology

16.0%
22.6%

Healthcare

14.5%
13.6%

Industrials

11.8%
8.3%

Consumer Cyclical

9.9%
11.6%

Consumer Defensive

7.5%
8.2%

Energy

7.0%
5.1%

Communication Services

5.7%
3.5%

Basic Materials

3.4%
2.8%

Utilities

1.2%
2.6%

Real Estate

1.1%
1.8%

Financial Services

BKDV
21.9%
IWX
20.0%

Technology

BKDV
16.0%
IWX
22.6%

Healthcare

BKDV
14.5%
IWX
13.6%

Industrials

BKDV
11.8%
IWX
8.3%

Consumer Cyclical

BKDV
9.9%
IWX
11.6%

Consumer Defensive

BKDV
7.5%
IWX
8.2%

Energy

BKDV
7.0%
IWX
5.1%

Communication Services

BKDV
5.7%
IWX
3.5%

Basic Materials

BKDV
3.4%
IWX
2.8%

Utilities

BKDV
1.2%
IWX
2.6%

Real Estate

BKDV
1.1%
IWX
1.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BNY Mellon Dynamic Value ETF

iShares Russell Top 200 Value ETF

Often compared with BKDV:
BKDV vs. BDIVBKDV vs. AMALBKDV vs. BKCIBKDV vs. BKUIBKDV vs. SEIVBKDV vs. BKMCBKDV vs. BKAG
Often compared with IWX:
IWX vs. IWNIWX vs. IWYIWX vs. IWCIWX vs. IWFIWX vs. XLPIWX vs. QQQIWX vs. SPYV

Return for Risk

BKDV vs. IWX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
BKDV
BKDV Risk / Return Rank: 9191
Overall Rank
BKDV Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
BKDV Sortino Ratio Rank: 9191
Sortino Ratio Rank
BKDV Omega Ratio Rank: 9090
Omega Ratio Rank
BKDV Calmar Ratio Rank: 9292
Calmar Ratio Rank
BKDV Martin Ratio Rank: 9292
Martin Ratio Rank
IWX
IWX Risk / Return Rank: 9595
Overall Rank
IWX Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
IWX Sortino Ratio Rank: 9696
Sortino Ratio Rank
IWX Omega Ratio Rank: 9595
Omega Ratio Rank
IWX Calmar Ratio Rank: 9595
Calmar Ratio Rank
IWX Martin Ratio Rank: 9696
Martin Ratio Rank
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.

BKDV vs. IWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Dynamic Value ETF (BKDV) and iShares Russell Top 200 Value ETF (IWX). 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.

BKDVIWXDifference
Sharpe ratioReturn per unit of total volatility
2.34
3.10

-0.76

Sortino ratioReturn per unit of downside risk
3.27
4.28

-1.01

Omega ratioGain probability vs. loss probability

1.42

1.55

-0.14

Calmar ratioReturn relative to maximum drawdown

4.29

5.05

-0.76

Martin ratioReturn relative to average drawdown

16.39

22.22

-5.82

BKDV vs. IWX - Sharpe Ratio Comparison

The current BKDV Sharpe Ratio is 2.34, which is comparable to the IWX Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of BKDV and IWX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BKDV vs. IWX - Drawdown Comparison

The maximum BKDV drawdown since its inception was -15.49%, smaller than the maximum IWX drawdown of -35.76%. Use the drawdown chart below to compare losses from any high point for BKDV and IWX.

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Drawdown Indicators

BKDVIWXDifference

Max Drawdown

Largest peak-to-trough decline

-15.49%

-35.76%

+20.27%

Max Drawdown (1Y)

Largest decline over 1 year

-6.65%

-6.59%

-0.06%

Max Drawdown (3Y)

Largest decline over 3 years

—

-13.37%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.13%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.76%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-2.24%

-3.79%

+1.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.74%

1.50%

+0.24%

Volatility

BKDV vs. IWX - Volatility Comparison

The current volatility for BNY Mellon Dynamic Value ETF (BKDV) is 2.93%, while iShares Russell Top 200 Value ETF (IWX) has a volatility of 3.10%. This indicates that BKDV experiences smaller price fluctuations and is considered to be less risky than IWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BKDVIWXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.93%

3.10%

-0.17%

Volatility (6M)

Calculated over the trailing 6-month period

9.30%

8.46%

+0.84%

Volatility (1Y)

Calculated over the trailing 1-year period

12.28%

10.81%

+1.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.39%

13.89%

+1.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.39%

16.48%

-1.09%

BKDV vs. IWX - Expense Ratio Comparison

BKDV has a 0.60% expense ratio, which is higher than IWX's 0.20% expense ratio.

Dividends

BKDV vs. IWX - Dividend Comparison

BKDV's dividend yield for the trailing twelve months is around 0.53%, less than IWX's 1.39% yield.

PositionTTM20252024202320222021202020192018201720162015
BKDV
BNY Mellon Dynamic Value ETF		0.53%0.62%0.27%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IWX
iShares Russell Top 200 Value ETF		1.39%1.59%1.97%2.13%2.07%1.79%2.12%2.60%2.66%2.12%2.22%2.77%

Frequently Asked Questions

With a correlation of 0.92, BKDV and IWX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

IWX has higher volatility (3.10%) compared to BKDV (2.93%). In terms of maximum drawdown, BKDV dropped -15.49% vs IWX's -35.76%.

On 1-year performance, IWX leads with 34.92% vs 30.07% for BKDV. On fees, IWX is cheaper at 0.20% per year. On volatility, BKDV has been the lower-risk option at 2.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, IWX has performed better with a 34.92% return vs 30.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWX is cheaper with a 0.20% expense ratio, compared with 0.60% for BKDV.

IWX has the higher dividend yield at 1.39%, compared with 0.53% for BKDV.

They also come from different issuers: BNY Mellon and iShares. Their fees differ too: 0.60% for BKDV and 0.20% for IWX.

IWX currently has the higher Sharpe Ratio (3.10 vs 2.34), 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.

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