BKLC vs. XLV
Compare and contrast key facts about BNY Mellon US Large Cap Core Equity ETF (BKLC) and Health Care Select Sector SPDR Fund (XLV).
BKLC and XLV 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. XLV is a passively managed fund by State Street that tracks the performance of the Health Care Select Sector. It was launched on Dec 16, 1998. Both BKLC and XLV 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 XLV.
Key characteristics
| BKLC | XLV | |
|---|---|---|
| YTD Return | 6.60% | 3.66% |
| 1Y Return | 29.25% | 7.16% |
| 3Y Return (Ann) | 8.45% | 6.08% |
| Sharpe Ratio | 2.27 | 0.56 |
| Daily Std Dev | 12.03% | 10.72% |
| Max Drawdown | -26.14% | -39.18% |
| Current Drawdown | -3.46% | -4.65% |
Correlation
The correlation between BKLC and XLV is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BKLC vs. XLV - Performance Comparison
In the year-to-date period, BKLC achieves a 6.60% return, which is significantly higher than XLV's 3.66% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BKLC vs. XLV - Expense Ratio Comparison
BKLC has a 0.00% expense ratio, which is lower than XLV's 0.12% 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%.
Risk-Adjusted Performance
BKLC vs. XLV - 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 Health Care Select Sector SPDR Fund (XLV). 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.
Dividends
BKLC vs. XLV - Dividend Comparison
BKLC's dividend yield for the trailing twelve months is around 1.35%, less than XLV's 1.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKLC BNY Mellon US Large Cap Core Equity ETF | 1.35% | 1.35% | 1.64% | 1.10% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLV Health Care Select Sector SPDR Fund | 1.56% | 1.59% | 1.47% | 1.33% | 1.49% | 2.16% | 1.56% | 1.46% | 1.59% | 1.43% | 1.34% | 1.51% |
Drawdowns
BKLC vs. XLV - Drawdown Comparison
The maximum BKLC drawdown since its inception was -26.14%, smaller than the maximum XLV drawdown of -39.18%. Use the drawdown chart below to compare losses from any high point for BKLC and XLV. For additional features, visit the drawdowns tool.
Volatility
BKLC vs. XLV - Volatility Comparison
The current volatility for BNY Mellon US Large Cap Core Equity ETF (BKLC) is 3.54%, while Health Care Select Sector SPDR Fund (XLV) has a volatility of 3.80%. This indicates that BKLC experiences smaller price fluctuations and is considered to be less risky than XLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.