BKLC vs. FNILX
Compare and contrast key facts about BNY Mellon US Large Cap Core Equity ETF (BKLC) and Fidelity ZERO Large Cap Index Fund (FNILX).
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. FNILX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BKLC or FNILX.
Key characteristics
BKLC | FNILX | |
---|---|---|
YTD Return | 10.40% | 10.50% |
1Y Return | 35.76% | 33.28% |
3Y Return (Ann) | 11.77% | 11.14% |
Sharpe Ratio | 3.18 | 3.00 |
Daily Std Dev | 11.83% | 11.74% |
Max Drawdown | -26.14% | -33.75% |
Current Drawdown | -0.02% | 0.00% |
Correlation
The correlation between BKLC and FNILX is 0.97, 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. FNILX - Performance Comparison
The year-to-date returns for both investments are quite close, with BKLC having a 10.40% return and FNILX slightly higher at 10.50%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
BKLC vs. FNILX - Expense Ratio Comparison
Risk-Adjusted Performance
BKLC vs. FNILX - 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 ZERO Large Cap Index Fund (FNILX). 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 | |
---|---|---|---|---|---|
BNY Mellon US Large Cap Core Equity ETF | 3.18 | ||||
Fidelity ZERO Large Cap Index Fund | 3.00 |
Dividends
BKLC vs. FNILX - Dividend Comparison
BKLC's dividend yield for the trailing twelve months is around 1.22%, which matches FNILX's 1.21% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
---|---|---|---|---|---|---|---|
BNY Mellon US Large Cap Core Equity ETF | 1.22% | 1.35% | 1.64% | 1.10% | 0.84% | 0.00% | 0.00% |
Fidelity ZERO Large Cap Index Fund | 1.21% | 1.34% | 1.53% | 0.95% | 1.20% | 1.17% | 0.53% |
Drawdowns
BKLC vs. FNILX - Drawdown Comparison
The maximum BKLC drawdown since its inception was -26.14%, smaller than the maximum FNILX drawdown of -33.75%. The drawdown chart below compares losses from any high point along the way for BKLC and FNILX
Volatility
BKLC vs. FNILX - Volatility Comparison
BNY Mellon US Large Cap Core Equity ETF (BKLC) and Fidelity ZERO Large Cap Index Fund (FNILX) have volatilities of 2.97% and 2.86%, 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.