BKLC vs. BKAG
BKLC (BNY Mellon US Large Cap Core Equity ETF) and BKAG (BNY Mellon Core Bond ETF) are both exchange-traded funds - BKLC is a Large Cap Growth Equities fund tracking the Morningstar US Large Cap Index, while BKAG is a Total Bond Market fund tracking the Bloomberg US Aggregate Total Return Index. Both are passively managed. Over the past 5 years, BKLC returned 14.33%/yr vs 0.07%/yr for BKAG. At a 0.14 correlation, their price movements are largely independent. Both charge a 0.00% expense ratio.
Performance
BKLC vs. BKAG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BKLC achieves a 10.93% return, which is significantly higher than BKAG's 0.29% return.
BKLC
- 1D
- -0.74%
- 1M
- 5.19%
- YTD
- 10.93%
- 6M
- 10.81%
- 1Y
- 28.05%
- 3Y*
- 23.25%
- 5Y*
- 14.33%
- 10Y*
- —
BKAG
- 1D
- -0.19%
- 1M
- 0.27%
- YTD
- 0.29%
- 6M
- 0.12%
- 1Y
- 5.10%
- 3Y*
- 3.95%
- 5Y*
- 0.07%
- 10Y*
- —
BKLC vs. BKAG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BKLC BNY Mellon US Large Cap Core Equity ETF | 10.93% | 18.06% | 25.56% | 30.88% | -20.52% | 27.41% | 36.06% |
BKAG BNY Mellon Core Bond ETF | 0.29% | 7.23% | 1.17% | 5.67% | -13.29% | -1.46% | 2.15% |
Correlation
The correlation between BKLC and BKAG is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2020 | 0.14 |
The correlation between BKLC and BKAG shifts across timeframes, from 0.14 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BKLC vs. BKAG — Risk / Return Rank
BKLC
BKAG
BKLC vs. BKAG - 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 BNY Mellon Core Bond ETF (BKAG). 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 | BKAG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.23 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 1.86 | +1.24 |
| Martin ratioReturn relative to average drawdown | 14.15 | 5.49 | +8.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BKLC | BKAG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 1.32 | +1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.01 | +0.83 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.01 | +1.11 |
Drawdowns
BKLC vs. BKAG - Drawdown Comparison
The maximum BKLC drawdown since its inception was -26.14%, which is greater than BKAG's maximum drawdown of -18.53%. Use the drawdown chart below to compare losses from any high point for BKLC and BKAG.
Loading charts...
Drawdown Indicators
| BKLC | BKAG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.14% | -18.53% | -7.61% |
Max Drawdown (1Y)Largest decline over 1 year | -9.10% | -2.76% | -6.34% |
Max Drawdown (3Y)Largest decline over 3 years | -19.05% | -6.04% | -13.01% |
Max Drawdown (5Y)Largest decline over 5 years | -26.14% | -18.00% | -8.14% |
Current DrawdownCurrent decline from peak | -0.74% | -2.32% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -7.12% | +1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 0.93% | +1.06% |
Volatility
BKLC vs. BKAG - Volatility Comparison
BNY Mellon US Large Cap Core Equity ETF (BKLC) has a higher volatility of 3.00% compared to BNY Mellon Core Bond ETF (BKAG) at 1.22%. This indicates that BKLC's price experiences larger fluctuations and is considered to be riskier than BKAG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BKLC | BKAG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | 1.22% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 9.12% | 2.74% | +6.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.11% | 3.87% | +8.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.16% | 6.01% | +11.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.44% | 5.55% | +11.89% |
BKLC vs. BKAG - Expense Ratio Comparison
BKLC has a 0.00% expense ratio, which is lower than BKAG's 0.00% 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. BKAG - Dividend Comparison
BKLC's dividend yield for the trailing twelve months is around 1.01%, less than BKAG's 4.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BKAG BNY Mellon Core Bond ETF | 4.24% | 4.17% | 4.26% | 3.33% | 2.49% | 1.55% | 1.16% |
BKLC BNY Mellon US Large Cap Core Equity ETF | 1.01% | 1.05% | 1.22% | 1.35% | 1.64% | 1.10% | 0.84% |
Frequently Asked Questions
BKLC and BKAG have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKLC has higher volatility (3.00%) compared to BKAG (1.22%). In terms of maximum drawdown, BKLC dropped -26.14% vs BKAG's -18.53%.
On 5-year performance, BKLC leads with 14.33% vs 0.07% for BKAG. Both ETFs have the same 0.00% expense ratio. On volatility, BKAG has been the lower-risk option at 1.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BKLC has performed better with a 14.33% return vs 0.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BKLC and BKAG have the same expense ratio: 0.00% per year.
BKAG has the higher dividend yield at 4.24%, compared with 1.01% for BKLC.
BKLC is categorized as Large Cap Growth Equities, while BKAG is Total Bond Market. BKLC tracks Morningstar US Large Cap Index, while BKAG tracks Bloomberg US Aggregate Total Return Index.
BKLC currently has the higher Sharpe Ratio (2.33 vs 1.32), 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.
Find the right allocation for BKLC and BKAG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer