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BKLC vs. EEM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BKLC vs. EEM

Last updated Jun 13, 2026

BKLC (BNY Mellon US Large Cap Core Equity ETF) and EEM (iShares MSCI Emerging Markets ETF) are both exchange-traded funds - BKLC is a Large Cap Blend Equities fund tracking the Morningstar US Large Cap Index, while EEM is a Emerging Markets Diversified fund tracking the MSCI Emerging Markets Index (Net). Both are passively managed. Over the past 5 years, BKLC returned 13.79%/yr vs 6.56%/yr for EEM. A 0.65 correlation means they provide meaningful diversification when combined. BKLC charges 0.00%/yr vs 0.72%/yr for EEM.

Performance

BKLC vs. EEM - 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 iShares MSCI Emerging Markets ETF (EEM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BKLC achieves a 9.04% return, which is significantly lower than EEM's 24.07% return.

BKLC

1D
0.43%
1M
0.06%
YTD
9.04%
6M
9.42%
1Y
24.38%
3Y*
21.79%
5Y*
13.79%
10Y*
—

EEM

1D
0.56%
1M
1.00%
YTD
24.07%
6M
26.94%
1Y
45.22%
3Y*
21.60%
5Y*
6.56%
10Y*
9.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BKLC vs. EEM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
BKLC
BNY Mellon US Large Cap Core Equity ETF		9.04%18.06%25.56%30.88%-20.52%27.41%37.31%
EEM
iShares MSCI Emerging Markets ETF		24.07%33.98%6.49%8.95%-20.56%-3.63%47.99%

Correlation

The correlation between BKLC and EEM is 0.76, 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

0.76

Correlation (3Y)
Calculated over the trailing 3-year period

0.66

Correlation (5Y)
Calculated over the trailing 5-year period

0.65

Correlation (All Time)
Calculated using the full available price history since Apr 9, 2020

0.65

The correlation between BKLC and EEM shifts across timeframes, from 0.65 (5 years) to 0.76 (1 year), reflecting how their relationship changes across market environments.

BKLC vs. EEM - Sectors Allocation Comparison

Sectors
BKLC
EEM

Technology

38.2%
43.6%

Communication Services

10.8%
5.7%

Financial Services

10.7%
17.5%

Consumer Cyclical

10.0%
8.1%

Healthcare

8.4%
2.5%

Industrials

7.8%
6.2%

Consumer Defensive

4.4%
2.7%

Energy

3.2%
3.3%

Utilities

2.5%
2.0%

Real Estate

1.6%
0.9%

Basic Materials

1.6%
6.1%

Technology

BKLC
38.2%
EEM
43.6%

Communication Services

BKLC
10.8%
EEM
5.7%

Financial Services

BKLC
10.7%
EEM
17.5%

Consumer Cyclical

BKLC
10.0%
EEM
8.1%

Healthcare

BKLC
8.4%
EEM
2.5%

Industrials

BKLC
7.8%
EEM
6.2%

Consumer Defensive

BKLC
4.4%
EEM
2.7%

Energy

BKLC
3.2%
EEM
3.3%

Utilities

BKLC
2.5%
EEM
2.0%

Real Estate

BKLC
1.6%
EEM
0.9%

Basic Materials

BKLC
1.6%
EEM
6.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

BNY Mellon US Large Cap Core Equity ETF

iShares MSCI Emerging Markets ETF

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Often compared with EEM:
EEM vs. VWOEEM vs. SPYEEM vs. IEMGEEM vs. IS3N.DEEEM vs. VXUSEEM vs. EEMSEEM vs. SPEM

Return for Risk

BKLC vs. EEM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BKLC
BKLC Risk / Return Rank: 6868
Overall Rank
BKLC Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
BKLC Sortino Ratio Rank: 6565
Sortino Ratio Rank
BKLC Omega Ratio Rank: 6969
Omega Ratio Rank
BKLC Calmar Ratio Rank: 6262
Calmar Ratio Rank
BKLC Martin Ratio Rank: 7373
Martin Ratio Rank
EEM
EEM Risk / Return Rank: 7575
Overall Rank
EEM Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
EEM Sortino Ratio Rank: 7070
Sortino Ratio Rank
EEM Omega Ratio Rank: 7878
Omega Ratio Rank
EEM Calmar Ratio Rank: 7575
Calmar Ratio Rank
EEM Martin Ratio Rank: 7575
Martin Ratio Rank
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. EEM - 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 iShares MSCI Emerging Markets ETF (EEM). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

BKLCEEMDifference
Sharpe ratioReturn per unit of total volatility
1.94
2.10

-0.16

Sortino ratioReturn per unit of downside risk
2.60
2.73

-0.13

Omega ratioGain probability vs. loss probability

1.35

1.40

-0.04

Calmar ratioReturn relative to maximum drawdown

2.69

3.36

-0.67

Martin ratioReturn relative to average drawdown

11.95

12.38

-0.44

BKLC vs. EEM - Sharpe Ratio Comparison

The current BKLC Sharpe Ratio is 1.94, which is comparable to the EEM Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of BKLC and EEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BKLC vs. EEM - Drawdown Comparison

The maximum BKLC drawdown since its inception was -26.14%, smaller than the maximum EEM drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for BKLC and EEM.

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Drawdown Indicators

BKLCEEMDifference

Max Drawdown

Largest peak-to-trough decline

-26.14%

-66.43%

+40.29%

Max Drawdown (1Y)

Largest decline over 1 year

-9.10%

-13.52%

+4.42%

Max Drawdown (3Y)

Largest decline over 3 years

-19.05%

-17.29%

-1.76%

Max Drawdown (5Y)

Largest decline over 5 years

-26.14%

-37.49%

+11.35%

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.82%

—

Current Drawdown

Current decline from peak

-2.43%

-4.12%

+1.69%

Average Drawdown

Average peak-to-trough decline

-5.26%

-16.00%

+10.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.05%

3.67%

-1.62%

Volatility

BKLC vs. EEM - Volatility Comparison

The current volatility for BNY Mellon US Large Cap Core Equity ETF (BKLC) is 4.60%, while iShares MSCI Emerging Markets ETF (EEM) has a volatility of 10.80%. This indicates that BKLC experiences smaller price fluctuations and is considered to be less risky than EEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BKLCEEMDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.60%

10.80%

-6.20%

Volatility (6M)

Calculated over the trailing 6-month period

9.87%

19.39%

-9.52%

Volatility (1Y)

Calculated over the trailing 1-year period

12.63%

21.64%

-9.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.23%

19.26%

-2.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.47%

20.64%

-3.17%

BKLC vs. EEM - Expense Ratio Comparison

BKLC has a 0.00% expense ratio, which is lower than EEM's 0.72% expense ratio.

Dividends

BKLC vs. EEM - Dividend Comparison

BKLC's dividend yield for the trailing twelve months is around 1.03%, less than EEM's 1.79% yield.

PositionTTM20252024202320222021202020192018201720162015
BKLC
BNY Mellon US Large Cap Core Equity ETF		1.03%1.05%1.22%1.35%1.64%1.10%0.84%0.00%0.00%0.00%0.00%0.00%
EEM
iShares MSCI Emerging Markets ETF		1.79%2.22%2.43%2.63%2.50%1.99%1.45%2.76%2.24%1.89%1.89%2.49%

Frequently Asked Questions

BKLC and EEM have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EEM has higher volatility (10.80%) compared to BKLC (4.60%). In terms of maximum drawdown, BKLC dropped -26.14% vs EEM's -66.43%.

On 5-year performance, BKLC leads with 13.79% vs 6.56% for EEM. On fees, BKLC is cheaper at 0.00% per year. On volatility, BKLC has been the lower-risk option at 4.60%. 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 13.79% return vs 6.56%. 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 0.72% for EEM.

EEM has the higher dividend yield at 1.79%, compared with 1.03% for BKLC.

BKLC is categorized as Large Cap Blend Equities, while EEM is Emerging Markets Diversified. BKLC tracks Morningstar US Large Cap Index, while EEM tracks MSCI Emerging Markets Index (Net). They also come from different issuers: BNY Mellon and iShares. Their fees differ too: 0.00% for BKLC and 0.72% for EEM.

EEM currently has the higher Sharpe Ratio (2.10 vs 1.94), 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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