BKLC vs. VMRXX

Last updated Jun 9, 2026

BKLC (BNY Mellon US Large Cap Core Equity ETF) and VMRXX (Vanguard Cash Reserves Federal Money Market Fund Admiral Shares) are both funds - BKLC is a Large Cap Blend Equities fund tracking the Morningstar US Large Cap Index, while VMRXX is a Money Market fund actively managed by Vanguard. BKLC is passively managed, while VMRXX is actively managed. Over the past 5 years, BKLC returned 13.91%/yr vs 2.76%/yr for VMRXX. At a 0.02 correlation, their price movements are largely independent. BKLC charges 0.00%/yr vs 0.10%/yr for VMRXX.

Performance

BKLC vs. VMRXX - 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 Vanguard Cash Reserves Federal Money Market Fund Admiral Shares (VMRXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKLC achieves a 8.75% return, which is significantly higher than VMRXX's 1.50% return.

BKLC

• 1D: 0.37%
• 1M: 0.47%
• YTD: 8.75%
• 6M: 8.75%
• 1Y: 24.83%
• 3Y*: 22.35%
• 5Y*: 13.91%
• 10Y*: —

VMRXX

• 1D: 0.00%
• 1M: 0.30%
• YTD: 1.50%
• 6M: 1.83%
• 1Y: 3.96%
• 3Y*: 3.96%
• 5Y*: 2.76%
• 10Y*: —

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

BKLC vs. VMRXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BKLC BNY Mellon US Large Cap Core Equity ETF	8.75%	18.06%	25.56%	30.88%	-20.52%	15.03%
VMRXX Vanguard Cash Reserves Federal Money Market Fund Admiral Shares	1.50%	4.25%	3.45%	4.65%	0.00%	0.01%

Correlation

The correlation between BKLC and VMRXX is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (All Time) Calculated using the full available price history since May 26, 2021	0.02

BKLC vs. VMRXX - Sectors Allocation Comparison

Sectors	BKLC	VMRXX
Technology	38.2%	-
Communication Services	10.8%	-
Financial Services	10.7%	17.8%
Consumer Cyclical	10.0%	-
Healthcare	8.4%	-
Industrials	7.8%	-
Consumer Defensive	4.4%	-
Energy	3.2%	-
Utilities	2.5%	-
Real Estate	1.6%	-
Basic Materials	1.6%	-

Return for Risk

BKLC vs. VMRXX — Risk / Return Rank

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

BKLC

BKLC Risk / Return Rank: 67
BKLC Sharpe Ratio Rank: 68
BKLC Sortino Ratio Rank: 65
BKLC Omega Ratio Rank: 68
BKLC Calmar Ratio Rank: 61
BKLC Martin Ratio Rank: 73

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. VMRXX - 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 Vanguard Cash Reserves Federal Money Market Fund Admiral Shares (VMRXX). 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	VMRXX	Difference
Sharpe ratio: Return per unit of total volatility	2.01	3.67	-1.66
Sortino ratio: Return per unit of downside risk	2.69	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	2.74	—	—
Martin ratio: Return relative to average drawdown	12.42	—	—
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. VMRXX - Sharpe Ratio Comparison

The current BKLC Sharpe Ratio is 2.01, which is lower than the VMRXX Sharpe Ratio of 3.67. The chart below compares the historical Sharpe Ratios of BKLC and VMRXX, 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	VMRXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	3.67	-1.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	2.77	-1.96
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	2.76	-1.66

Drawdowns

BKLC vs. VMRXX - Drawdown Comparison

The maximum BKLC drawdown since its inception was -26.14%, which is greater than VMRXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for BKLC and VMRXX.

Drawdown Indicators

	BKLC	VMRXX	Difference
Max Drawdown Largest peak-to-trough decline	-26.14%	0.00%	-26.14%
Max Drawdown (1Y) Largest decline over 1 year	-9.10%	0.00%	-9.10%
Max Drawdown (3Y) Largest decline over 3 years	-19.05%	0.00%	-19.05%
Max Drawdown (5Y) Largest decline over 5 years	-26.14%	0.00%	-26.14%
Current Drawdown Current decline from peak	-2.69%	0.00%	-2.69%
Average Drawdown Average peak-to-trough decline	-5.26%	0.00%	-5.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	0.00%	+2.00%

Volatility

BKLC vs. VMRXX - Volatility Comparison

BNY Mellon US Large Cap Core Equity ETF (BKLC) has a higher volatility of 3.98% compared to Vanguard Cash Reserves Federal Money Market Fund Admiral Shares (VMRXX) at 0.30%. This indicates that BKLC's price experiences larger fluctuations and is considered to be riskier than VMRXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKLC	VMRXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	0.30%	+3.68%
Volatility (6M) Calculated over the trailing 6-month period	9.58%	0.79%	+8.79%
Volatility (1Y) Calculated over the trailing 1-year period	12.42%	1.12%	+11.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.21%	1.02%	+16.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.47%	1.02%	+16.45%

BKLC vs. VMRXX - Expense Ratio Comparison

BKLC has a 0.00% expense ratio, which is lower than VMRXX's 0.10% 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. VMRXX - Dividend Comparison

BKLC's dividend yield for the trailing twelve months is around 1.03%, less than VMRXX's 3.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BKLC BNY Mellon US Large Cap Core Equity ETF	1.03%	1.05%	1.22%	1.35%	1.64%	1.10%	0.84%
VMRXX Vanguard Cash Reserves Federal Money Market Fund Admiral Shares	3.88%	4.15%	3.38%	4.54%	0.00%	0.01%	0.00%

Frequently Asked Questions

Can I hold both BKLC and VMRXX in my portfolio?

BKLC and VMRXX have a correlation of 0.00, 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 VMRXX?

BKLC has higher volatility (3.98%) compared to VMRXX (0.30%). In terms of maximum drawdown, BKLC dropped -26.14% vs VMRXX's 0.00%.

Which has better risk-adjusted returns?

VMRXX currently has the higher Sharpe Ratio (3.67 vs 2.01), 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.