BKLC vs. SCHD

Last updated Aug 2, 2026

BKLC (BNY Mellon US Large Cap Core Equity ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - BKLC is a Large Cap Blend Equities fund tracking the Morningstar US Large Cap Index, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 5 years, BKLC returned 12.94%/yr vs 9.54%/yr for SCHD. Their 0.65 correlation means they have sometimes moved together and sometimes differently. BKLC charges 0.00%/yr vs 0.06%/yr for SCHD.

Performance

BKLC vs. SCHD - 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 Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKLC achieves a 9.90% return, which is significantly lower than SCHD's 24.03% return.

BKLC

• 1D: 0.70%
• 1M: -0.06%
• 6M: 8.66%
• YTD: 9.90%
• 1Y: 21.26%
• 3Y*: 20.12%
• 5Y*: 12.94%
• 10Y*: —
• ALL TIME*: 18.80%

SCHD

• 1D: 0.18%
• 1M: 3.33%
• 6M: 14.09%
• YTD: 24.03%
• 1Y: 31.54%
• 3Y*: 14.19%
• 5Y*: 9.54%
• 10Y*: 12.76%
• ALL TIME*: 13.39%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BKLC BNY Mellon US Large Cap Core Equity ETF	$18.57M	$19.73M	$22.60M
SCHD Schwab U.S. Dividend Equity ETF	$786.88M	$715.86M	$685.58M

BKLC vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BKLC BNY Mellon US Large Cap Core Equity ETF	9.90%	18.06%	25.56%	30.88%	-20.52%	27.41%	37.31%
SCHD Schwab U.S. Dividend Equity ETF	24.03%	4.34%	11.66%	4.54%	-3.26%	29.87%	36.65%

Correlation

The correlation between BKLC and SCHD is 0.24, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.24
Correlation (3Y) Balances recent behavior with more history.	0.48
Correlation (5Y) Shows whether the relationship held over a longer period.	0.65
Correlation (All Time) Calculated using the full available price history since Apr 9, 2020	0.65

Over the past year, the correlation between BKLC and SCHD has dropped to 0.24 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

BKLC vs. SCHD - Sectors Allocation Comparison

Sectors	BKLC	SCHD
Technology	37.6%	12.7%
Financial Services	12.0%	9.9%
Communication Services	9.5%	6.2%
Healthcare	9.3%	20.8%
Consumer Cyclical	9.0%	7.7%
Industrials	7.9%	7.8%
Consumer Defensive	4.5%	20.6%
Energy	3.5%	14.1%
Utilities	2.6%	0.1%
Real Estate	1.8%	-
Basic Materials	1.7%	1.2%

Return for Risk

BKLC vs. SCHD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BKLC

BKLC Risk / Return Rank: 62
BKLC Sharpe Ratio Rank: 61
BKLC Sortino Ratio Rank: 59
BKLC Omega Ratio Rank: 60
BKLC Calmar Ratio Rank: 59
BKLC Martin Ratio Rank: 71

SCHD

SCHD Risk / Return Rank: 95
SCHD Sharpe Ratio Rank: 96
SCHD Sortino Ratio Rank: 96
SCHD Omega Ratio Rank: 94
SCHD Calmar Ratio Rank: 96
SCHD Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BKLC vs. SCHD - 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 Schwab U.S. Dividend Equity ETF (SCHD). 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.

	BKLC	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	1.43	2.81	-1.39
Sortino ratio: Return per unit of downside risk	1.98	4.37	-2.39
Omega ratio: Gain probability vs. loss probability	1.26	1.51	-0.25
Calmar ratio: Return relative to maximum drawdown	2.06	6.74	-4.67
Martin ratio: Return relative to average drawdown	8.65	17.01	-8.37

BKLC vs. SCHD - Sharpe Ratio Comparison

The current BKLC Sharpe Ratio is 1.43, which is lower than the SCHD Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of BKLC and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BKLC vs. SCHD - Drawdown Comparison

The maximum BKLC drawdown since its inception was -26.14%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for BKLC and SCHD.

Drawdown Indicators

	BKLC	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-26.14%	-33.37%	+7.23%
Max Drawdown (1Y) Largest decline over 1 year	-9.10%	-4.61%	-4.49%
Max Drawdown (3Y) Largest decline over 3 years	-19.05%	-16.13%	-2.92%
Max Drawdown (5Y) Largest decline over 5 years	-26.14%	-16.85%	-9.29%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.37%	—
Current Drawdown Current decline from peak	-1.66%	-1.24%	-0.42%
Average Drawdown Average peak-to-trough decline	-5.19%	-3.30%	-1.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	1.82%	+0.35%

Volatility

BKLC vs. SCHD - Volatility Comparison

The current volatility for BNY Mellon US Large Cap Core Equity ETF (BKLC) is 3.52%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 4.11%. This indicates that BKLC experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKLC	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	4.11%	-0.59%
Volatility (6M) Calculated over the trailing 6-month period	10.31%	8.11%	+2.20%
Volatility (1Y) Calculated over the trailing 1-year period	13.15%	11.13%	+2.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.29%	14.39%	+2.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.39%	16.72%	+0.67%

BKLC vs. SCHD - Expense Ratio Comparison

BKLC has a 0.00% expense ratio, which is lower than SCHD's 0.06% 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%.

Dividends

BKLC vs. SCHD - Dividend Comparison

BKLC's dividend yield for the trailing twelve months is around 1.06%, less than SCHD's 3.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKLC BNY Mellon US Large Cap Core Equity ETF	1.06%	1.05%	1.22%	1.35%	1.64%	1.10%	0.84%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHD Schwab U.S. Dividend Equity ETF	3.13%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Frequently Asked Questions

Can I hold both BKLC and SCHD in my portfolio?

BKLC and SCHD have a correlation of 0.24, 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 SCHD?

SCHD has higher volatility (4.11%) compared to BKLC (3.52%). In terms of maximum drawdown, BKLC dropped -26.14% vs SCHD's -33.37%.

Which ETF is better, BKLC or SCHD?

On 5-year performance, BKLC leads with 12.94% vs 9.54% for SCHD. On fees, BKLC is cheaper at 0.00% per year. On volatility, BKLC has been the lower-risk option at 3.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKLC or SCHD?

Over the 5-year period, BKLC has performed better with a 12.94% return vs 9.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKLC or SCHD?

BKLC is cheaper with a 0.00% expense ratio, compared with 0.06% for SCHD.

Which ETF pays a higher dividend yield, BKLC or SCHD?

SCHD has the higher dividend yield at 3.13%, compared with 1.06% for BKLC.

What is the main difference between BKLC and SCHD?

BKLC is categorized as Large Cap Blend Equities, while SCHD is Dividend. BKLC tracks Morningstar US Large Cap Index, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: BNY Mellon and Charles Schwab. Their fees differ too: 0.00% for BKLC and 0.06% for SCHD.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.81 vs 1.43), 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.