BKLC vs. SWDSX

Last updated Jun 4, 2026

BKLC (BNY Mellon US Large Cap Core Equity ETF) and SWDSX (Schwab Dividend Equity Fund™) are both funds - BKLC is a Large Cap Growth Equities fund tracking the Morningstar US Large Cap Index, while SWDSX is a Large Cap Value Equities fund managed by Charles Schwab. Over the past 5 years, BKLC returned 14.33%/yr vs 8.88%/yr for SWDSX. A 0.75 correlation means they provide meaningful diversification when combined. BKLC charges 0.00%/yr vs 0.89%/yr for SWDSX.

Performance

BKLC vs. SWDSX - 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 Dividend Equity Fund™ (SWDSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKLC achieves a 10.93% return, which is significantly higher than SWDSX's 7.10% return.

BKLC

• 1D: -0.74%
• 1M: 5.19%
• YTD: 10.93%
• 6M: 10.81%
• 1Y: 28.05%
• 3Y*: 23.25%
• 5Y*: 14.33%
• 10Y*: —

SWDSX

• 1D: 0.79%
• 1M: 2.03%
• YTD: 7.10%
• 6M: 4.82%
• 1Y: 14.29%
• 3Y*: 15.03%
• 5Y*: 8.88%
• 10Y*: 9.14%

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

BKLC vs. SWDSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BKLC BNY Mellon US Large Cap Core Equity ETF	10.93%	18.06%	25.56%	30.88%	-20.52%	27.41%	37.38%
SWDSX Schwab Dividend Equity Fund™	7.10%	12.31%	17.06%	6.92%	-5.84%	28.24%	23.08%

Correlation

The correlation between BKLC and SWDSX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Apr 13, 2020	0.75

The correlation between BKLC and SWDSX shifts across timeframes, from 0.62 (1 year) to 0.76 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

BKLC vs. SWDSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BKLC

BKLC Risk / Return Rank: 68
BKLC Sharpe Ratio Rank: 69
BKLC Sortino Ratio Rank: 67
BKLC Omega Ratio Rank: 69
BKLC Calmar Ratio Rank: 61
BKLC Martin Ratio Rank: 73

SWDSX

SWDSX Risk / Return Rank: 33
SWDSX Sharpe Ratio Rank: 31
SWDSX Sortino Ratio Rank: 28
SWDSX Omega Ratio Rank: 31
SWDSX Calmar Ratio Rank: 39
SWDSX Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BKLC vs. SWDSX - 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 Dividend Equity Fund™ (SWDSX). 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.

	BKLC	SWDSX	Difference
Sharpe ratio: Return per unit of total volatility	2.33	1.59	+0.74
Sortino ratio: Return per unit of downside risk	3.15	2.20	+0.95
Omega ratio: Gain probability vs. loss probability	1.42	1.29	+0.13
Calmar ratio: Return relative to maximum drawdown	3.10	2.38	+0.71
Martin ratio: Return relative to average drawdown	14.15	8.06	+6.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BKLC vs. SWDSX - Sharpe Ratio Comparison

The current BKLC Sharpe Ratio is 2.33, which is higher than the SWDSX Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of BKLC and SWDSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BKLC	SWDSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	1.59	+0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.68	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.12	0.49	+0.63

Drawdowns

BKLC vs. SWDSX - Drawdown Comparison

The maximum BKLC drawdown since its inception was -26.14%, smaller than the maximum SWDSX drawdown of -50.01%. Use the drawdown chart below to compare losses from any high point for BKLC and SWDSX.

Drawdown Indicators

	BKLC	SWDSX	Difference
Max Drawdown Largest peak-to-trough decline	-26.14%	-50.01%	+23.87%
Max Drawdown (1Y) Largest decline over 1 year	-9.10%	-6.16%	-2.94%
Max Drawdown (3Y) Largest decline over 3 years	-19.05%	-11.67%	-7.38%
Max Drawdown (5Y) Largest decline over 5 years	-26.14%	-17.94%	-8.20%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.20%	—
Current Drawdown Current decline from peak	-0.74%	-0.21%	-0.53%
Average Drawdown Average peak-to-trough decline	-5.27%	-6.78%	+1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	1.81%	+0.18%

Volatility

BKLC vs. SWDSX - Volatility Comparison

BNY Mellon US Large Cap Core Equity ETF (BKLC) has a higher volatility of 3.00% compared to Schwab Dividend Equity Fund™ (SWDSX) at 2.21%. This indicates that BKLC's price experiences larger fluctuations and is considered to be riskier than SWDSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKLC	SWDSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.00%	2.21%	+0.79%
Volatility (6M) Calculated over the trailing 6-month period	9.12%	7.39%	+1.73%
Volatility (1Y) Calculated over the trailing 1-year period	12.11%	9.25%	+2.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.16%	13.20%	+3.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.44%	16.90%	+0.54%

BKLC vs. SWDSX - Expense Ratio Comparison

BKLC has a 0.00% expense ratio, which is lower than SWDSX's 0.89% expense ratio.

Dividends

BKLC vs. SWDSX - Dividend Comparison

BKLC's dividend yield for the trailing twelve months is around 1.01%, less than SWDSX's 1.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKLC BNY Mellon US Large Cap Core Equity ETF	1.01%	1.05%	1.22%	1.35%	1.64%	1.10%	0.84%	0.00%	0.00%	0.00%	0.00%	0.00%
SWDSX Schwab Dividend Equity Fund™	1.16%	1.22%	2.59%	2.25%	6.83%	16.25%	2.09%	6.86%	11.63%	10.24%	1.68%	14.46%

Frequently Asked Questions

Can I hold both BKLC and SWDSX in my portfolio?

BKLC and SWDSX have a correlation of 0.62, 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 SWDSX?

BKLC has higher volatility (3.00%) compared to SWDSX (2.21%). In terms of maximum drawdown, BKLC dropped -26.14% vs SWDSX's -50.01%.

Which has better risk-adjusted returns?

BKLC currently has the higher Sharpe Ratio (2.33 vs 1.59), 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.