BKLC vs. FNDX
Compare and contrast key facts about BNY Mellon US Large Cap Core Equity ETF (BKLC) and Schwab Fundamental U.S. Large Company Index ETF (FNDX).
BKLC and FNDX 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. FNDX is a passively managed fund by Charles Schwab that tracks the performance of the Russell Fundamental U.S. Large Company Index. It was launched on Aug 15, 2013. Both BKLC and FNDX 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 FNDX.
Key characteristics
| BKLC | FNDX | |
|---|---|---|
| YTD Return | 12.11% | 1.91% |
| 1Y Return | 4.52% | -2.00% |
| 5Y Return (Ann) | 15.23% | 9.98% |
| 10Y Return (Ann) | 15.23% | 10.65% |
| Sharpe Ratio | 0.20 | -0.14 |
| Daily Std Dev | 20.97% | 19.22% |
| Max Drawdown | -26.14% | -37.71% |
Correlation
The correlation between BKLC and FNDX is 0.85, 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.
BKLC vs. FNDX - Performance Comparison
In the year-to-date period, BKLC achieves a 12.11% return, which is significantly higher than FNDX's 1.91% return. Over the past 10 years, BKLC has outperformed FNDX with an annualized return of 15.23%, while FNDX has yielded a comparatively lower 10.65% annualized 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. FNDX - Dividend Comparison
BKLC's dividend yield for the trailing twelve months is around 1.80%, less than FNDX's 2.51% yield.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
BKLC BNY Mellon US Large Cap Core Equity ETF | 1.80% | 1.64% | 1.12% | 0.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FNDX Schwab Fundamental U.S. Large Company Index ETF | 2.51% | 2.08% | 1.69% | 2.39% | 2.39% | 2.63% | 2.10% | 2.30% | 2.35% | 1.94% | 0.55% |
BKLC vs. FNDX - Expense Ratio Comparison
BKLC vs. FNDX - 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 Schwab Fundamental U.S. Large Company Index ETF (FNDX). 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
BKLC BNY Mellon US Large Cap Core Equity ETF | 0.20 | ||||
FNDX Schwab Fundamental U.S. Large Company Index ETF | -0.14 |
BKLC vs. FNDX - Drawdown Comparison
The maximum BKLC drawdown for the period was -22.24%, lower than the maximum FNDX drawdown of -10.44%. The drawdown chart below compares losses from any high point along the way for BKLC and FNDX
BKLC vs. FNDX - Volatility Comparison
BNY Mellon US Large Cap Core Equity ETF (BKLC) and Schwab Fundamental U.S. Large Company Index ETF (FNDX) have volatilities of 3.70% and 3.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.