BKLC vs. AVDE

Last updated Jun 9, 2026

BKLC (BNY Mellon US Large Cap Core Equity ETF) and AVDE (Avantis International Equity ETF) are both exchange-traded funds - BKLC is a Large Cap Blend Equities fund tracking the Morningstar US Large Cap Index, while AVDE is a Foreign Large Cap Equities fund actively managed by Avantis. BKLC is passively managed, while AVDE is actively managed. Over the past 5 years, BKLC returned 13.91%/yr vs 9.61%/yr for AVDE. A 0.74 correlation means they provide meaningful diversification when combined. BKLC charges 0.00%/yr vs 0.23%/yr for AVDE.

Performance

BKLC vs. AVDE - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with BKLC having a 8.75% return and AVDE slightly lower at 8.71%.

BKLC

• 1D: 0.37%
• 1M: 0.47%
• YTD: 8.75%
• 6M: 8.75%
• 1Y: 24.83%
• 3Y*: 22.35%
• 5Y*: 13.91%
• 10Y*: —

AVDE

• 1D: 0.36%
• 1M: -1.91%
• YTD: 8.71%
• 6M: 11.46%
• 1Y: 25.00%
• 3Y*: 19.31%
• 5Y*: 9.61%
• 10Y*: —

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

BKLC vs. AVDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BKLC BNY Mellon US Large Cap Core Equity ETF	8.75%	18.06%	25.56%	30.88%	-20.52%	27.41%	37.38%
AVDE Avantis International Equity ETF	8.71%	38.05%	4.88%	17.18%	-13.68%	13.62%	39.14%

Correlation

The correlation between BKLC and AVDE is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Apr 13, 2020	0.74

The correlation between BKLC and AVDE has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.

BKLC vs. AVDE - Sectors Allocation Comparison

Sectors	BKLC	AVDE
Technology	38.2%	7.1%
Communication Services	10.8%	3.8%
Financial Services	10.7%	23.8%
Consumer Cyclical	10.0%	9.3%
Healthcare	8.4%	5.8%
Industrials	7.8%	20.3%
Consumer Defensive	4.4%	4.6%
Energy	3.2%	8.0%
Utilities	2.5%	4.4%
Real Estate	1.6%	1.7%
Basic Materials	1.6%	11.2%

Return for Risk

BKLC vs. AVDE — Risk / Return Rank

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

BKLC

BKLC Risk / Return Rank: 67
BKLC Sharpe Ratio Rank: 68
BKLC Sortino Ratio Rank: 65
BKLC Omega Ratio Rank: 68
BKLC Calmar Ratio Rank: 61
BKLC Martin Ratio Rank: 73

AVDE

AVDE Risk / Return Rank: 54
AVDE Sharpe Ratio Rank: 56
AVDE Sortino Ratio Rank: 55
AVDE Omega Ratio Rank: 55
AVDE Calmar Ratio Rank: 49
AVDE Martin Ratio Rank: 55

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.

BKLC vs. AVDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon US Large Cap Core Equity ETF (BKLC) and Avantis International Equity ETF (AVDE). 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.

	BKLC	AVDE	Difference
Sharpe ratio: Return per unit of total volatility	2.01	1.71	+0.31
Sortino ratio: Return per unit of downside risk	2.69	2.38	+0.31
Omega ratio: Gain probability vs. loss probability	1.37	1.31	+0.06
Calmar ratio: Return relative to maximum drawdown	2.74	2.19	+0.55
Martin ratio: Return relative to average drawdown	12.42	8.59	+3.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BKLC vs. AVDE - Sharpe Ratio Comparison

The current BKLC Sharpe Ratio is 2.01, which is comparable to the AVDE Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of BKLC and AVDE, 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

	BKLC	AVDE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	1.71	+0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.59	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.63	+0.47

Drawdowns

BKLC vs. AVDE - Drawdown Comparison

The maximum BKLC drawdown since its inception was -26.14%, smaller than the maximum AVDE drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for BKLC and AVDE.

Drawdown Indicators

	BKLC	AVDE	Difference
Max Drawdown Largest peak-to-trough decline	-26.14%	-36.99%	+10.85%
Max Drawdown (1Y) Largest decline over 1 year	-9.10%	-11.48%	+2.38%
Max Drawdown (3Y) Largest decline over 3 years	-19.05%	-13.46%	-5.59%
Max Drawdown (5Y) Largest decline over 5 years	-26.14%	-28.73%	+2.59%
Current Drawdown Current decline from peak	-2.69%	-3.02%	+0.33%
Average Drawdown Average peak-to-trough decline	-5.26%	-6.16%	+0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	2.92%	-0.92%

Volatility

BKLC vs. AVDE - Volatility Comparison

The current volatility for BNY Mellon US Large Cap Core Equity ETF (BKLC) is 3.98%, while Avantis International Equity ETF (AVDE) has a volatility of 4.67%. This indicates that BKLC experiences smaller price fluctuations and is considered to be less risky than AVDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKLC	AVDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	4.67%	-0.69%
Volatility (6M) Calculated over the trailing 6-month period	9.58%	12.43%	-2.85%
Volatility (1Y) Calculated over the trailing 1-year period	12.42%	14.75%	-2.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.21%	16.33%	+0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.47%	18.92%	-1.45%

BKLC vs. AVDE - Expense Ratio Comparison

BKLC has a 0.00% expense ratio, which is lower than AVDE's 0.23% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BKLC vs. AVDE - Dividend Comparison

BKLC's dividend yield for the trailing twelve months is around 1.03%, less than AVDE's 2.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVDE Avantis International Equity ETF	2.56%	2.66%	3.29%	3.01%	2.79%	2.46%	1.63%	0.29%
BKLC BNY Mellon US Large Cap Core Equity ETF	1.03%	1.05%	1.22%	1.35%	1.64%	1.10%	0.84%	0.00%

Frequently Asked Questions

Can I hold both BKLC and AVDE in my portfolio?

BKLC and AVDE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKLC or AVDE?

AVDE has higher volatility (4.67%) compared to BKLC (3.98%). In terms of maximum drawdown, BKLC dropped -26.14% vs AVDE's -36.99%.

Which ETF is better, BKLC or AVDE?

On 5-year performance, BKLC leads with 13.91% vs 9.61% for AVDE. On fees, BKLC is cheaper at 0.00% per year. On volatility, BKLC has been the lower-risk option at 3.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKLC or AVDE?

Over the 5-year period, BKLC has performed better with a 13.91% return vs 9.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKLC or AVDE?

BKLC is cheaper with a 0.00% expense ratio, compared with 0.23% for AVDE.

Which ETF pays a higher dividend yield, BKLC or AVDE?

AVDE has the higher dividend yield at 2.56%, compared with 1.03% for BKLC.

What is the main difference between BKLC and AVDE?

BKLC is categorized as Large Cap Blend Equities, while AVDE is Foreign Large Cap Equities. They also come from different issuers: BNY Mellon and Avantis. Their fees differ too: 0.00% for BKLC and 0.23% for AVDE.

Which has better risk-adjusted returns?

BKLC currently has the higher Sharpe Ratio (2.01 vs 1.71), 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.