BKLC vs. FHLC
Compare and contrast key facts about BNY Mellon US Large Cap Core Equity ETF (BKLC) and Fidelity MSCI Health Care Index ETF (FHLC).
BKLC and FHLC 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 The Bank of New York Mellon Corp. that tracks the performance of the Morningstar US Large Cap Index. It was launched on Apr 9, 2020. FHLC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Health Care Index. It was launched on Oct 21, 2013. Both BKLC and FHLC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BKLC or FHLC.
Key characteristics
| BKLC | FHLC | |
|---|---|---|
| YTD Return | 9.28% | 4.43% |
| 1Y Return | 29.95% | 7.70% |
| 3Y Return (Ann) | 9.09% | 4.25% |
| Sharpe Ratio | 2.55 | 0.69 |
| Daily Std Dev | 11.84% | 10.75% |
| Max Drawdown | -26.14% | -28.76% |
| Current Drawdown | -1.04% | -3.51% |
Correlation
The correlation between BKLC and FHLC is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BKLC vs. FHLC - Performance Comparison
In the year-to-date period, BKLC achieves a 9.28% return, which is significantly higher than FHLC's 4.43% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BKLC vs. FHLC - Expense Ratio Comparison
BKLC has a 0.00% expense ratio, which is lower than FHLC's 0.08% 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%.
Risk-Adjusted Performance
BKLC vs. FHLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon US Large Cap Core Equity ETF (BKLC) and Fidelity MSCI Health Care Index ETF (FHLC). 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.
Dividends
BKLC vs. FHLC - Dividend Comparison
BKLC's dividend yield for the trailing twelve months is around 1.31%, less than FHLC's 1.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKLC BNY Mellon US Large Cap Core Equity ETF | 1.31% | 1.35% | 1.64% | 1.10% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FHLC Fidelity MSCI Health Care Index ETF | 1.35% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 2.13% | 1.37% | 1.39% | 2.06% | 1.03% | 0.20% |
Drawdowns
BKLC vs. FHLC - Drawdown Comparison
The maximum BKLC drawdown since its inception was -26.14%, smaller than the maximum FHLC drawdown of -28.76%. Use the drawdown chart below to compare losses from any high point for BKLC and FHLC. For additional features, visit the drawdowns tool.
Volatility
BKLC vs. FHLC - Volatility Comparison
BNY Mellon US Large Cap Core Equity ETF (BKLC) has a higher volatility of 4.06% compared to Fidelity MSCI Health Care Index ETF (FHLC) at 3.05%. This indicates that BKLC's price experiences larger fluctuations and is considered to be riskier than FHLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.