BKIE vs. ILCV

Last updated Jun 9, 2026

BKIE (BNY Mellon International Equity ETF) and ILCV (iShares Morningstar Value ETF) are both exchange-traded funds - BKIE is a Foreign Large Cap Equities fund tracking the Morningstar Developed Markets ex-US Large Cap Index, while ILCV is a Large Cap Value Equities fund tracking the Morningstar US Large-Mid Cap Broad Value Index. Both are passively managed. Over the past 5 years, BKIE returned 8.82%/yr vs 11.47%/yr for ILCV. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.04% expense ratio.

Performance

BKIE vs. ILCV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon International Equity ETF (BKIE) and iShares Morningstar Value ETF (ILCV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with BKIE having a 7.27% return and ILCV slightly higher at 7.35%.

BKIE

• 1D: 0.63%
• 1M: -0.95%
• YTD: 7.27%
• 6M: 9.96%
• 1Y: 20.75%
• 3Y*: 16.78%
• 5Y*: 8.82%
• 10Y*: —

ILCV

• 1D: -0.06%
• 1M: 1.03%
• YTD: 7.35%
• 6M: 7.96%
• 1Y: 25.66%
• 3Y*: 18.09%
• 5Y*: 11.47%
• 10Y*: 11.58%

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

BKIE vs. ILCV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BKIE BNY Mellon International Equity ETF	7.27%	32.08%	4.63%	18.25%	-13.60%	13.75%	34.17%
ILCV iShares Morningstar Value ETF	7.35%	18.79%	17.03%	14.43%	-7.02%	26.71%	22.67%

Correlation

The correlation between BKIE and ILCV is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Apr 27, 2020	0.76

The correlation between BKIE and ILCV has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.

BKIE vs. ILCV - Sectors Allocation Comparison

Sectors	BKIE	ILCV
Financial Services	25.8%	16.5%
Industrials	18.6%	8.8%
Technology	10.1%	23.8%
Healthcare	9.1%	11.5%
Consumer Cyclical	7.3%	9.5%
Basic Materials	7.2%	2.4%
Consumer Defensive	6.2%	7.6%
Energy	5.9%	6.0%
Communication Services	4.2%	8.0%
Utilities	3.7%	3.5%
Real Estate	2.0%	2.0%

Return for Risk

BKIE vs. ILCV — Risk / Return Rank

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

BKIE

BKIE Risk / Return Rank: 44
BKIE Sharpe Ratio Rank: 44
BKIE Sortino Ratio Rank: 44
BKIE Omega Ratio Rank: 43
BKIE Calmar Ratio Rank: 41
BKIE Martin Ratio Rank: 47

ILCV

ILCV Risk / Return Rank: 86
ILCV Sharpe Ratio Rank: 87
ILCV Sortino Ratio Rank: 88
ILCV Omega Ratio Rank: 86
ILCV Calmar Ratio Rank: 82
ILCV Martin Ratio Rank: 85

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.

BKIE vs. ILCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon International Equity ETF (BKIE) and iShares Morningstar Value ETF (ILCV). 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.

	BKIE	ILCV	Difference
Sharpe ratio: Return per unit of total volatility	1.41	2.61	-1.20
Sortino ratio: Return per unit of downside risk	2.01	3.67	-1.66
Omega ratio: Gain probability vs. loss probability	1.25	1.47	-0.22
Calmar ratio: Return relative to maximum drawdown	1.83	3.93	-2.11
Martin ratio: Return relative to average drawdown	7.03	16.24	-9.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BKIE vs. ILCV - Sharpe Ratio Comparison

The current BKIE Sharpe Ratio is 1.41, which is lower than the ILCV Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of BKIE and ILCV, 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

	BKIE	ILCV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	2.61	-1.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.81	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.46	+0.44

Drawdowns

BKIE vs. ILCV - Drawdown Comparison

The maximum BKIE drawdown since its inception was -28.19%, smaller than the maximum ILCV drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for BKIE and ILCV.

Drawdown Indicators

	BKIE	ILCV	Difference
Max Drawdown Largest peak-to-trough decline	-28.19%	-58.63%	+30.44%
Max Drawdown (1Y) Largest decline over 1 year	-11.41%	-6.55%	-4.86%
Max Drawdown (3Y) Largest decline over 3 years	-13.19%	-14.95%	+1.76%
Max Drawdown (5Y) Largest decline over 5 years	-28.19%	-18.58%	-9.61%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.53%	—
Current Drawdown Current decline from peak	-2.41%	-1.33%	-1.08%
Average Drawdown Average peak-to-trough decline	-4.97%	-9.32%	+4.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	1.58%	+1.38%

Volatility

BKIE vs. ILCV - Volatility Comparison

BNY Mellon International Equity ETF (BKIE) has a higher volatility of 4.17% compared to iShares Morningstar Value ETF (ILCV) at 2.33%. This indicates that BKIE's price experiences larger fluctuations and is considered to be riskier than ILCV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKIE	ILCV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.17%	2.33%	+1.84%
Volatility (6M) Calculated over the trailing 6-month period	12.46%	7.12%	+5.34%
Volatility (1Y) Calculated over the trailing 1-year period	14.84%	9.90%	+4.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.16%	14.23%	+1.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.36%	16.67%	-0.31%

BKIE vs. ILCV - Expense Ratio Comparison

Both BKIE and ILCV have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

BKIE vs. ILCV - Dividend Comparison

BKIE's dividend yield for the trailing twelve months is around 3.30%, more than ILCV's 1.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKIE BNY Mellon International Equity ETF	3.30%	3.12%	3.31%	2.88%	2.97%	2.58%	1.49%	0.00%	0.00%	0.00%	0.00%	0.00%
ILCV iShares Morningstar Value ETF	1.63%	1.77%	1.99%	2.27%	2.32%	2.01%	2.96%	2.70%	2.93%	2.32%	2.76%	3.01%

Frequently Asked Questions

Can I hold both BKIE and ILCV in my portfolio?

BKIE and ILCV have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKIE or ILCV?

BKIE has higher volatility (4.17%) compared to ILCV (2.33%). In terms of maximum drawdown, BKIE dropped -28.19% vs ILCV's -58.63%.

Which ETF is better, BKIE or ILCV?

On 5-year performance, ILCV leads with 11.47% vs 8.82% for BKIE. Both ETFs have the same 0.04% expense ratio. On volatility, ILCV has been the lower-risk option at 2.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKIE or ILCV?

Over the 5-year period, ILCV has performed better with a 11.47% return vs 8.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKIE or ILCV?

BKIE and ILCV have the same expense ratio: 0.04% per year.

Which ETF pays a higher dividend yield, BKIE or ILCV?

BKIE has the higher dividend yield at 3.30%, compared with 1.63% for ILCV.

What is the main difference between BKIE and ILCV?

BKIE is categorized as Foreign Large Cap Equities, while ILCV is Large Cap Value Equities. BKIE tracks Morningstar Developed Markets ex-US Large Cap Index, while ILCV tracks Morningstar US Large-Mid Cap Broad Value Index. They also come from different issuers: BNY Mellon and iShares.

Which has better risk-adjusted returns?

ILCV currently has the higher Sharpe Ratio (2.61 vs 1.41), 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.