BKLC vs. CNRG

Last updated Apr 2, 2026

Compare and contrast key facts about BNY Mellon US Large Cap Core Equity ETF (BKLC) and SPDR S&P Kensho Clean Power ETF (CNRG).

BKLC and CNRG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BKLC is a passively managed fund by BNY Mellon that tracks the performance of the Morningstar US Large Cap Index. It was launched on Apr 9, 2020. CNRG is a passively managed fund by State Street that tracks the performance of the S&P Kensho Clean Power Index. It was launched on Oct 22, 2018. Both BKLC and CNRG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

BKLC vs. CNRG - 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 SPDR S&P Kensho Clean Power ETF (CNRG). The values are adjusted to include any dividend payments, if applicable.

BKLC vs. CNRG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BKLC BNY Mellon US Large Cap Core Equity ETF	-3.87%	18.06%	25.56%	30.88%	-20.52%	27.41%	37.38%
CNRG SPDR S&P Kensho Clean Power ETF	2.22%	50.23%	-14.48%	-11.55%	-7.98%	-15.68%	174.07%

Returns By Period

In the year-to-date period, BKLC achieves a -3.87% return, which is significantly lower than CNRG's 2.22% return.

BKLC

• 1D: 0.75%
• 1M: -4.29%
• YTD: -3.87%
• 6M: -1.78%
• 1Y: 18.47%
• 3Y*: 19.74%
• 5Y*: 12.21%
• 10Y*: —

CNRG

• 1D: 1.20%
• 1M: -3.28%
• YTD: 2.22%
• 6M: 3.99%
• 1Y: 82.17%
• 3Y*: 3.13%
• 5Y*: -3.01%
• 10Y*: —

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

BKLC vs. CNRG - Expense Ratio Comparison

BKLC has a 0.00% expense ratio, which is lower than CNRG's 0.45% expense ratio.

CNRG

SPDR S&P Kensho Clean Power ETF

BKLC

BNY Mellon US Large Cap Core Equity ETF

Return for Risk

BKLC vs. CNRG — Risk / Return Rank

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

BKLC

BKLC Risk / Return Rank: 61
BKLC Sharpe Ratio Rank: 54
BKLC Sortino Ratio Rank: 56
BKLC Omega Ratio Rank: 61
BKLC Calmar Ratio Rank: 62
BKLC Martin Ratio Rank: 71

CNRG

CNRG Risk / Return Rank: 90
CNRG Sharpe Ratio Rank: 91
CNRG Sortino Ratio Rank: 90
CNRG Omega Ratio Rank: 83
CNRG Calmar Ratio Rank: 96
CNRG Martin Ratio Rank: 89

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. CNRG - 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 SPDR S&P Kensho Clean Power ETF (CNRG). 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	CNRG	Difference
Sharpe ratio Return per unit of total volatility	1.00	2.13	-1.13
Sortino ratio Return per unit of downside risk	1.51	2.62	-1.10
Omega ratio Gain probability vs. loss probability	1.23	1.33	-0.10
Calmar ratio Return relative to maximum drawdown	1.63	4.75	-3.13
Martin ratio Return relative to average drawdown	7.54	11.98	-4.44
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. CNRG - Sharpe Ratio Comparison

The current BKLC Sharpe Ratio is 1.00, which is lower than the CNRG Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of BKLC and CNRG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BKLC	CNRG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	2.13	-1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	-0.09	+0.80
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	0.50	+0.48

Correlation

The correlation between BKLC and CNRG is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BKLC vs. CNRG - Dividend Comparison

BKLC's dividend yield for the trailing twelve months is around 1.17%, less than CNRG's 1.35% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BKLC BNY Mellon US Large Cap Core Equity ETF	1.17%	1.05%	1.22%	1.35%	1.64%	1.10%	0.84%	0.00%	0.00%
CNRG SPDR S&P Kensho Clean Power ETF	1.35%	1.46%	1.34%	1.17%	1.23%	1.34%	0.69%	1.16%	0.35%

Drawdowns

BKLC vs. CNRG - Drawdown Comparison

The maximum BKLC drawdown since its inception was -26.14%, smaller than the maximum CNRG drawdown of -68.49%. Use the drawdown chart below to compare losses from any high point for BKLC and CNRG.

Drawdown Indicators

	BKLC	CNRG	Difference
Max Drawdown Largest peak-to-trough decline	-26.14%	-68.49%	+42.35%
Max Drawdown (1Y) Largest decline over 1 year	-12.05%	-17.73%	+5.68%
Max Drawdown (5Y) Largest decline over 5 years	-26.14%	-59.32%	+33.18%
Current Drawdown Current decline from peak	-5.71%	-33.53%	+27.82%
Average Drawdown Average peak-to-trough decline	-5.40%	-32.02%	+26.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	7.04%	-4.44%

Volatility

BKLC vs. CNRG - Volatility Comparison

The current volatility for BNY Mellon US Large Cap Core Equity ETF (BKLC) is 5.43%, while SPDR S&P Kensho Clean Power ETF (CNRG) has a volatility of 10.59%. This indicates that BKLC experiences smaller price fluctuations and is considered to be less risky than CNRG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKLC	CNRG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.43%	10.59%	-5.16%
Volatility (6M) Calculated over the trailing 6-month period	9.71%	29.57%	-19.86%
Volatility (1Y) Calculated over the trailing 1-year period	18.50%	38.81%	-20.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.18%	33.79%	-16.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.58%	35.77%	-18.19%