BKLC vs. CGBL

Last updated Jun 9, 2026

BKLC (BNY Mellon US Large Cap Core Equity ETF) and CGBL (Capital Group Core Balanced ETF) are both exchange-traded funds - BKLC is a Large Cap Blend Equities fund tracking the Morningstar US Large Cap Index, while CGBL is a Diversified Portfolio fund actively managed by Capital Group. BKLC is passively managed, while CGBL is actively managed. Over the past year, BKLC returned 24.83% vs 16.11% for CGBL. Their correlation of 0.91 suggests significant overlap in exposure. BKLC charges 0.00%/yr vs 0.33%/yr for CGBL.

Performance

BKLC vs. CGBL - 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 Capital Group Core Balanced ETF (CGBL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKLC achieves a 8.75% return, which is significantly higher than CGBL's 5.41% return.

BKLC

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

CGBL

• 1D: 0.24%
• 1M: -0.56%
• YTD: 5.41%
• 6M: 6.40%
• 1Y: 16.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BKLC vs. CGBL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BKLC BNY Mellon US Large Cap Core Equity ETF	8.75%	18.06%	25.56%	12.82%
CGBL Capital Group Core Balanced ETF	5.41%	15.33%	16.64%	10.10%

Correlation

The correlation between BKLC and CGBL is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023	0.91

The correlation between BKLC and CGBL has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.

BKLC vs. CGBL - Sectors Allocation Comparison

Sectors	BKLC	CGBL
Technology	38.2%	29.9%
Communication Services	10.8%	8.4%
Financial Services	10.7%	11.8%
Consumer Cyclical	10.0%	8.7%
Healthcare	8.4%	8.9%
Industrials	7.8%	16.6%
Consumer Defensive	4.4%	4.2%
Energy	3.2%	2.0%
Utilities	2.5%	2.5%
Real Estate	1.6%	0.0%
Basic Materials	1.6%	7.2%

Return for Risk

BKLC vs. CGBL — 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

CGBL

CGBL Risk / Return Rank: 52
CGBL Sharpe Ratio Rank: 53
CGBL Sortino Ratio Rank: 53
CGBL Omega Ratio Rank: 54
CGBL Calmar Ratio Rank: 46
CGBL Martin Ratio Rank: 57

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. CGBL - 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 Capital Group Core Balanced ETF (CGBL). 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	CGBL	Difference
Sharpe ratio: Return per unit of total volatility	2.01	1.64	+0.37
Sortino ratio: Return per unit of downside risk	2.69	2.34	+0.35
Omega ratio: Gain probability vs. loss probability	1.37	1.30	+0.07
Calmar ratio: Return relative to maximum drawdown	2.74	2.05	+0.69
Martin ratio: Return relative to average drawdown	12.42	9.04	+3.38
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. CGBL - Sharpe Ratio Comparison

The current BKLC Sharpe Ratio is 2.01, which is comparable to the CGBL Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of BKLC and CGBL, 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	CGBL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	1.64	+0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	1.62	-0.53

Drawdowns

BKLC vs. CGBL - Drawdown Comparison

The maximum BKLC drawdown since its inception was -26.14%, which is greater than CGBL's maximum drawdown of -11.66%. Use the drawdown chart below to compare losses from any high point for BKLC and CGBL.

Drawdown Indicators

	BKLC	CGBL	Difference
Max Drawdown Largest peak-to-trough decline	-26.14%	-11.66%	-14.48%
Max Drawdown (1Y) Largest decline over 1 year	-9.10%	-7.88%	-1.22%
Max Drawdown (3Y) Largest decline over 3 years	-19.05%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.14%	—	—
Current Drawdown Current decline from peak	-2.69%	-2.50%	-0.19%
Average Drawdown Average peak-to-trough decline	-5.26%	-1.29%	-3.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	1.79%	+0.21%

Volatility

BKLC vs. CGBL - Volatility Comparison

BNY Mellon US Large Cap Core Equity ETF (BKLC) has a higher volatility of 3.98% compared to Capital Group Core Balanced ETF (CGBL) at 3.53%. This indicates that BKLC's price experiences larger fluctuations and is considered to be riskier than CGBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKLC	CGBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	3.53%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	9.58%	8.17%	+1.41%
Volatility (1Y) Calculated over the trailing 1-year period	12.42%	9.88%	+2.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.21%	11.09%	+6.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.47%	11.09%	+6.38%

BKLC vs. CGBL - Expense Ratio Comparison

BKLC has a 0.00% expense ratio, which is lower than CGBL's 0.33% expense ratio.

Dividends

BKLC vs. CGBL - Dividend Comparison

BKLC's dividend yield for the trailing twelve months is around 1.03%, less than CGBL's 1.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BKLC BNY Mellon US Large Cap Core Equity ETF	1.03%	1.05%	1.22%	1.35%	1.64%	1.10%	0.84%
CGBL Capital Group Core Balanced ETF	1.89%	1.98%	1.92%	0.48%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BKLC and CGBL in my portfolio?

With a correlation of 0.91, BKLC and CGBL 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.

Which is riskier, BKLC or CGBL?

BKLC has higher volatility (3.98%) compared to CGBL (3.53%). In terms of maximum drawdown, BKLC dropped -26.14% vs CGBL's -11.66%.

Which ETF is better, BKLC or CGBL?

On 1-year performance, BKLC leads with 24.83% vs 16.11% for CGBL. On fees, BKLC is cheaper at 0.00% per year. On volatility, CGBL has been the lower-risk option at 3.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKLC or CGBL?

Over the 1-year period, BKLC has performed better with a 24.83% return vs 16.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKLC or CGBL?

BKLC is cheaper with a 0.00% expense ratio, compared with 0.33% for CGBL.

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

CGBL has the higher dividend yield at 1.89%, compared with 1.03% for BKLC.

What is the main difference between BKLC and CGBL?

BKLC is categorized as Large Cap Blend Equities, while CGBL is Diversified Portfolio. They also come from different issuers: BNY Mellon and Capital Group. Their fees differ too: 0.00% for BKLC and 0.33% for CGBL.

Which has better risk-adjusted returns?

BKLC currently has the higher Sharpe Ratio (2.01 vs 1.64), 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.