BKLC vs. DODGX

Last updated Jun 10, 2026

BKLC (BNY Mellon US Large Cap Core Equity ETF) and DODGX (Dodge & Cox Stock Fund Class I) are both funds - BKLC is a Large Cap Blend Equities fund tracking the Morningstar US Large Cap Index, while DODGX is a Large Cap Value Equities fund actively managed by Dodge & Cox. BKLC is passively managed, while DODGX is actively managed. Over the past 5 years, BKLC returned 13.70%/yr vs 8.68%/yr for DODGX. A 0.77 correlation means they provide meaningful diversification when combined. BKLC charges 0.00%/yr vs 0.51%/yr for DODGX.

Performance

BKLC vs. DODGX - 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 Dodge & Cox Stock Fund Class I (DODGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKLC achieves a 8.41% return, which is significantly higher than DODGX's 3.36% return.

BKLC

• 1D: -0.32%
• 1M: 0.16%
• YTD: 8.41%
• 6M: 8.51%
• 1Y: 24.40%
• 3Y*: 22.22%
• 5Y*: 13.70%
• 10Y*: —

DODGX

• 1D: -0.53%
• 1M: 0.36%
• YTD: 3.36%
• 6M: 6.13%
• 1Y: 11.45%
• 3Y*: 14.89%
• 5Y*: 8.68%
• 10Y*: 12.82%

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

BKLC vs. DODGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BKLC BNY Mellon US Large Cap Core Equity ETF	8.41%	18.06%	25.56%	30.88%	-20.52%	27.41%	37.31%
DODGX Dodge & Cox Stock Fund Class I	3.36%	13.66%	14.36%	17.49%	-7.25%	31.72%	40.16%

Correlation

The correlation between BKLC and DODGX is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Apr 9, 2020	0.77

The correlation between BKLC and DODGX shifts across timeframes, from 0.66 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

BKLC vs. DODGX — 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: 69
BKLC Calmar Ratio Rank: 61
BKLC Martin Ratio Rank: 73

DODGX

DODGX Risk / Return Rank: 21
DODGX Sharpe Ratio Rank: 19
DODGX Sortino Ratio Rank: 19
DODGX Omega Ratio Rank: 18
DODGX Calmar Ratio Rank: 25
DODGX Martin Ratio Rank: 27

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. DODGX - 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 Dodge & Cox Stock Fund Class I (DODGX). 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	DODGX	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.05	+0.92
Sortino ratio: Return per unit of downside risk	2.65	1.55	+1.10
Omega ratio: Gain probability vs. loss probability	1.36	1.19	+0.18
Calmar ratio: Return relative to maximum drawdown	2.69	1.58	+1.12
Martin ratio: Return relative to average drawdown	12.15	5.53	+6.62
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. DODGX - Sharpe Ratio Comparison

The current BKLC Sharpe Ratio is 1.98, which is higher than the DODGX Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of BKLC and DODGX, 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	DODGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	1.05	+0.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.55	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	0.63	+0.47

Drawdowns

BKLC vs. DODGX - Drawdown Comparison

The maximum BKLC drawdown since its inception was -26.14%, smaller than the maximum DODGX drawdown of -63.24%. Use the drawdown chart below to compare losses from any high point for BKLC and DODGX.

Drawdown Indicators

	BKLC	DODGX	Difference
Max Drawdown Largest peak-to-trough decline	-26.14%	-63.24%	+37.10%
Max Drawdown (1Y) Largest decline over 1 year	-9.10%	-7.48%	-1.62%
Max Drawdown (3Y) Largest decline over 3 years	-19.05%	-14.89%	-4.16%
Max Drawdown (5Y) Largest decline over 5 years	-26.14%	-21.85%	-4.29%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.41%	—
Current Drawdown Current decline from peak	-3.00%	-1.23%	-1.77%
Average Drawdown Average peak-to-trough decline	-5.26%	-7.51%	+2.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	2.13%	-0.12%

Volatility

BKLC vs. DODGX - Volatility Comparison

BNY Mellon US Large Cap Core Equity ETF (BKLC) has a higher volatility of 3.91% compared to Dodge & Cox Stock Fund Class I (DODGX) at 2.93%. This indicates that BKLC's price experiences larger fluctuations and is considered to be riskier than DODGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKLC	DODGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.91%	2.93%	+0.98%
Volatility (6M) Calculated over the trailing 6-month period	9.58%	8.23%	+1.35%
Volatility (1Y) Calculated over the trailing 1-year period	12.40%	11.23%	+1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.21%	15.98%	+1.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.46%	19.22%	-1.76%

BKLC vs. DODGX - Expense Ratio Comparison

BKLC has a 0.00% expense ratio, which is lower than DODGX's 0.51% expense ratio.

Dividends

BKLC vs. DODGX - Dividend Comparison

BKLC's dividend yield for the trailing twelve months is around 1.04%, less than DODGX's 9.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKLC BNY Mellon US Large Cap Core Equity ETF	1.04%	1.05%	1.22%	1.35%	1.64%	1.10%	0.84%	0.00%	0.00%	0.00%	0.00%	0.00%
DODGX Dodge & Cox Stock Fund Class I	9.41%	9.86%	8.20%	3.76%	5.47%	3.22%	6.74%	10.23%	9.69%	6.78%	6.26%	5.36%

Frequently Asked Questions

Can I hold both BKLC and DODGX in my portfolio?

BKLC and DODGX have a correlation of 0.66, 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 DODGX?

BKLC has higher volatility (3.91%) compared to DODGX (2.93%). In terms of maximum drawdown, BKLC dropped -26.14% vs DODGX's -63.24%.

Which has better risk-adjusted returns?

BKLC currently has the higher Sharpe Ratio (1.98 vs 1.05), 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.