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BKLC vs. SCHD

Last updated Jun 3, 2023

Compare and contrast key facts about BNY Mellon US Large Cap Core Equity ETF (BKLC) and Schwab US Dividend Equity ETF (SCHD).

BKLC and SCHD 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both BKLC and SCHD 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 SCHD.

Key characteristics


BKLCSCHD
YTD Return14.96%-4.91%
1Y Return5.94%-6.00%
5Y Return (Ann)16.11%11.05%
10Y Return (Ann)16.11%11.26%
Sharpe Ratio0.38-0.29
Daily Std Dev21.02%17.70%
Max Drawdown-26.14%-33.37%

Correlation

0.77
-1.001.00

The correlation between BKLC and SCHD is 0.77, 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. SCHD - Performance Comparison

In the year-to-date period, BKLC achieves a 14.96% return, which is significantly lower than SCHD's -4.91% return. Over the past 10 years, BKLC has outperformed SCHD with an annualized return of 16.11%, while SCHD has yielded a comparatively lower 11.26% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%-5.00%0.00%5.00%10.00%2023FebruaryMarchAprilMayJune
10.18%
-6.63%
BKLC
SCHD

Compare stocks, funds, or ETFs


Schwab US Dividend Equity ETF

BKLC vs. SCHD - Dividend Comparison

BKLC's dividend yield for the trailing twelve months is around 1.75%, less than SCHD's 4.43% yield.


TTM20222021202020192018201720162015201420132012
BKLC
BNY Mellon US Large Cap Core Equity ETF
1.75%1.64%1.12%0.87%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SCHD
Schwab US Dividend Equity ETF
4.43%3.42%2.90%3.40%3.33%3.53%3.12%3.53%3.74%3.41%3.28%3.91%

BKLC vs. SCHD - Expense Ratio Comparison

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

BKLC vs. SCHD - 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 US 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
BKLC
BNY Mellon US Large Cap Core Equity ETF
0.38
SCHD
Schwab US Dividend Equity ETF
-0.29

BKLC vs. SCHD - Sharpe Ratio Comparison

The current BKLC Sharpe Ratio is 0.38, which is higher than the SCHD Sharpe Ratio of -0.29. The chart below compares the 12-month rolling Sharpe Ratio of BKLC and SCHD.


-0.80-0.60-0.40-0.200.000.200.402023FebruaryMarchAprilMayJune
0.38
-0.29
BKLC
SCHD

BKLC vs. SCHD - Drawdown Comparison

The maximum BKLC drawdown for the period was -22.24%, lower than the maximum SCHD drawdown of -11.87%. The drawdown chart below compares losses from any high point along the way for BKLC and SCHD


-20.00%-15.00%-10.00%-5.00%0.00%2023FebruaryMarchAprilMayJune
-9.26%
-9.25%
BKLC
SCHD

BKLC vs. SCHD - Volatility Comparison

The current volatility for BNY Mellon US Large Cap Core Equity ETF (BKLC) is 3.76%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 4.04%. 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.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%2023FebruaryMarchAprilMayJune
3.76%
4.04%
BKLC
SCHD