BKLC vs. BKHY
BKLC (BNY Mellon US Large Cap Core Equity ETF) and BKHY (BNY Mellon High Yield Beta ETF) are both exchange-traded funds - BKLC is a Large Cap Growth Equities fund tracking the Morningstar US Large Cap Index, while BKHY is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield Index. Both are passively managed. Over the past 5 years, BKLC returned 14.33%/yr vs 4.17%/yr for BKHY. A 0.70 correlation means they provide meaningful diversification when combined. BKLC charges 0.00%/yr vs 0.22%/yr for BKHY.
Performance
BKLC vs. BKHY - Performance Comparison
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Returns By Period
In the year-to-date period, BKLC achieves a 10.93% return, which is significantly higher than BKHY's 1.73% return.
BKLC
- 1D
- -0.74%
- 1M
- 5.19%
- YTD
- 10.93%
- 6M
- 10.81%
- 1Y
- 28.05%
- 3Y*
- 23.25%
- 5Y*
- 14.33%
- 10Y*
- —
BKHY
- 1D
- -0.26%
- 1M
- 0.52%
- YTD
- 1.73%
- 6M
- 1.94%
- 1Y
- 7.29%
- 3Y*
- 8.83%
- 5Y*
- 4.17%
- 10Y*
- —
BKLC vs. BKHY - 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% |
BKHY BNY Mellon High Yield Beta ETF | 1.73% | 8.48% | 8.37% | 12.40% | -10.97% | 4.75% | 17.83% |
Correlation
The correlation between BKLC and BKHY is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2020 | 0.70 |
The correlation between BKLC and BKHY has been stable across timeframes, ranging from 0.67 to 0.70 - a consistent structural relationship.
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Return for Risk
BKLC vs. BKHY — Risk / Return Rank
BKLC
BKHY
BKLC vs. BKHY - 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 High Yield Beta ETF (BKHY). 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 | BKHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.40 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 2.90 | +0.20 |
| Martin ratioReturn relative to average drawdown | 14.15 | 13.31 | +0.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BKLC | BKHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 1.98 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.55 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.90 | +0.23 |
Drawdowns
BKLC vs. BKHY - Drawdown Comparison
The maximum BKLC drawdown since its inception was -26.14%, which is greater than BKHY's maximum drawdown of -15.89%. Use the drawdown chart below to compare losses from any high point for BKLC and BKHY.
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Drawdown Indicators
| BKLC | BKHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.14% | -15.89% | -10.25% |
Max Drawdown (1Y)Largest decline over 1 year | -9.10% | -2.53% | -6.57% |
Max Drawdown (3Y)Largest decline over 3 years | -19.05% | -4.87% | -14.18% |
Max Drawdown (5Y)Largest decline over 5 years | -26.14% | -15.89% | -10.25% |
Current DrawdownCurrent decline from peak | -0.74% | -0.26% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -2.97% | -2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 0.55% | +1.44% |
Volatility
BKLC vs. BKHY - Volatility Comparison
BNY Mellon US Large Cap Core Equity ETF (BKLC) has a higher volatility of 3.00% compared to BNY Mellon High Yield Beta ETF (BKHY) at 1.12%. This indicates that BKLC's price experiences larger fluctuations and is considered to be riskier than BKHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKLC | BKHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | 1.12% | +1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 9.12% | 2.97% | +6.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.11% | 3.69% | +8.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.16% | 7.58% | +9.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.44% | 7.37% | +10.07% |
BKLC vs. BKHY - Expense Ratio Comparison
BKLC has a 0.00% expense ratio, which is lower than BKHY's 0.22% 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. BKHY - Dividend Comparison
BKLC's dividend yield for the trailing twelve months is around 1.01%, less than BKHY's 7.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BKHY BNY Mellon High Yield Beta ETF | 7.46% | 7.33% | 7.34% | 8.67% | 6.59% | 6.78% | 4.65% |
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 BKHY have a correlation of 0.69, 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 BKHY (1.12%). In terms of maximum drawdown, BKLC dropped -26.14% vs BKHY's -15.89%.
On 5-year performance, BKLC leads with 14.33% vs 4.17% for BKHY. On fees, BKLC is cheaper at 0.00% per year. On volatility, BKHY has been the lower-risk option at 1.12%. 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 4.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BKLC is cheaper with a 0.00% expense ratio, compared with 0.22% for BKHY.
BKHY has the higher dividend yield at 7.46%, compared with 1.01% for BKLC.
BKLC is categorized as Large Cap Growth Equities, while BKHY is High Yield Bonds. BKLC tracks Morningstar US Large Cap Index, while BKHY tracks Bloomberg US Corporate High Yield Index. Their fees differ too: 0.00% for BKLC and 0.22% for BKHY.
BKLC currently has the higher Sharpe Ratio (2.33 vs 1.98), 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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