BKMC vs. AMID

Last updated Jun 3, 2026

BKMC (BNY Mellon US Mid Cap Core Equity ETF) and AMID (Argent Mid Cap ETF) are both Mid Cap Growth Equities funds. BKMC is passively managed, while AMID is actively managed. Over the past 3 years, BKMC returned 16.22%/yr vs 12.46%/yr for AMID. Their correlation of 0.92 suggests significant overlap in exposure. BKMC charges 0.04%/yr vs 0.52%/yr for AMID.

Performance

BKMC vs. AMID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon US Mid Cap Core Equity ETF (BKMC) and Argent Mid Cap ETF (AMID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKMC achieves a 11.69% return, which is significantly higher than AMID's 5.85% return.

BKMC

• 1D: 0.40%
• 1M: 3.22%
• YTD: 11.69%
• 6M: 12.55%
• 1Y: 24.74%
• 3Y*: 16.22%
• 5Y*: 8.06%
• 10Y*: —

AMID

• 1D: 1.66%
• 1M: 1.14%
• YTD: 5.85%
• 6M: 4.01%
• 1Y: 10.45%
• 3Y*: 12.46%
• 5Y*: —
• 10Y*: —

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

BKMC vs. AMID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BKMC BNY Mellon US Mid Cap Core Equity ETF	11.69%	8.74%	13.78%	17.50%	-7.51%
AMID Argent Mid Cap ETF	5.85%	-1.39%	13.06%	31.26%	-6.22%

Correlation

The correlation between BKMC and AMID is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (All Time) Calculated using the full available price history since Aug 18, 2022	0.92

The correlation between BKMC and AMID has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

BKMC vs. AMID - Sectors Allocation Comparison

Sectors	BKMC	AMID
Industrials	22.9%	32.1%
Technology	16.2%	18.1%
Financial Services	12.4%	14.7%
Healthcare	11.4%	7.2%
Consumer Cyclical	9.1%	11.4%
Real Estate	7.6%	3.3%
Basic Materials	4.6%	3.4%
Consumer Defensive	4.3%	2.6%
Communication Services	3.5%	-
Energy	3.3%	4.3%
Utilities	2.4%	2.9%

Return for Risk

BKMC vs. AMID — Risk / Return Rank

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

BKMC

BKMC Risk / Return Rank: 49
BKMC Sharpe Ratio Rank: 47
BKMC Sortino Ratio Rank: 48
BKMC Omega Ratio Rank: 44
BKMC Calmar Ratio Rank: 50
BKMC Martin Ratio Rank: 55

AMID

AMID Risk / Return Rank: 20
AMID Sharpe Ratio Rank: 20
AMID Sortino Ratio Rank: 20
AMID Omega Ratio Rank: 19
AMID Calmar Ratio Rank: 19
AMID Martin Ratio Rank: 22

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.

BKMC vs. AMID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon US Mid Cap Core Equity ETF (BKMC) and Argent Mid Cap ETF (AMID). 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.

	BKMC	AMID	Difference
Sharpe ratio Return per unit of total volatility	1.64	0.65	+0.99
Sortino ratio Return per unit of downside risk	2.40	1.06	+1.35
Omega ratio Gain probability vs. loss probability	1.29	1.12	+0.17
Calmar ratio Return relative to maximum drawdown	2.52	0.82	+1.71
Martin ratio Return relative to average drawdown	9.72	2.83	+6.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BKMC vs. AMID - Sharpe Ratio Comparison

The current BKMC Sharpe Ratio is 1.64, which is higher than the AMID Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of BKMC and AMID, 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

	BKMC	AMID	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	0.65	+0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.55	+0.28

Drawdowns

BKMC vs. AMID - Drawdown Comparison

The maximum BKMC drawdown since its inception was -25.02%, which is greater than AMID's maximum drawdown of -23.32%. Use the drawdown chart below to compare losses from any high point for BKMC and AMID.

Drawdown Indicators

	BKMC	AMID	Difference
Max Drawdown Largest peak-to-trough decline	-25.02%	-23.32%	-1.70%
Max Drawdown (1Y) Largest decline over 1 year	-9.82%	-12.31%	+2.49%
Max Drawdown (3Y) Largest decline over 3 years	-23.68%	-23.32%	-0.36%
Max Drawdown (5Y) Largest decline over 5 years	-25.02%	—	—
Current Drawdown Current decline from peak	0.00%	-4.95%	+4.95%
Average Drawdown Average peak-to-trough decline	-6.55%	-6.21%	-0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	3.54%	-0.99%

Volatility

BKMC vs. AMID - Volatility Comparison

The current volatility for BNY Mellon US Mid Cap Core Equity ETF (BKMC) is 4.20%, while Argent Mid Cap ETF (AMID) has a volatility of 4.54%. This indicates that BKMC experiences smaller price fluctuations and is considered to be less risky than AMID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKMC	AMID	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.20%	4.54%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	10.97%	12.17%	-1.20%
Volatility (1Y) Calculated over the trailing 1-year period	15.12%	16.08%	-0.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.77%	19.11%	-0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.16%	19.11%	+0.05%

BKMC vs. AMID - Expense Ratio Comparison

BKMC has a 0.04% expense ratio, which is lower than AMID's 0.52% expense ratio.

Dividends

BKMC vs. AMID - Dividend Comparison

BKMC's dividend yield for the trailing twelve months is around 1.38%, more than AMID's 0.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
AMID Argent Mid Cap ETF	0.34%	0.36%	0.33%	0.43%	0.25%	0.00%	0.00%
BKMC BNY Mellon US Mid Cap Core Equity ETF	1.38%	1.35%	1.54%	1.38%	1.63%	1.15%	0.86%

Frequently Asked Questions

Can I hold both BKMC and AMID in my portfolio?

With a correlation of 0.92, BKMC and AMID move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BKMC or AMID?

AMID has higher volatility (4.54%) compared to BKMC (4.20%). In terms of maximum drawdown, BKMC dropped -25.02% vs AMID's -23.32%.

Which ETF is better, BKMC or AMID?

On 3-year performance, BKMC leads with 16.22% vs 12.46% for AMID. On fees, BKMC is cheaper at 0.04% per year. On volatility, BKMC has been the lower-risk option at 4.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKMC or AMID?

Over the 3-year period, BKMC has performed better with a 16.22% return vs 12.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKMC or AMID?

BKMC is cheaper with a 0.04% expense ratio, compared with 0.52% for AMID.

Which ETF pays a higher dividend yield, BKMC or AMID?

BKMC has the higher dividend yield at 1.38%, compared with 0.34% for AMID.

What is the main difference between BKMC and AMID?

They also come from different issuers: BNY Mellon and Argent. Their fees differ too: 0.04% for BKMC and 0.52% for AMID.

Which has better risk-adjusted returns?

BKMC currently has the higher Sharpe Ratio (1.64 vs 0.65), 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.