BKMC vs. BSMIX
BKMC (BNY Mellon US Mid Cap Core Equity ETF) and BSMIX (iShares Russell Small/Mid-Cap Index Fund) are both funds - BKMC is a Mid Cap Growth Equities fund tracking the Morningstar US Mid Cap Index, while BSMIX is a Small Cap Blend Equities fund managed by BlackRock. Over the past 5 years, BKMC returned 7.82%/yr vs 8.21%/yr for BSMIX. With a 0.95 correlation, they move nearly in lockstep. BKMC charges 0.04%/yr vs 0.12%/yr for BSMIX.
Performance
BKMC vs. BSMIX - Performance Comparison
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Returns By Period
In the year-to-date period, BKMC achieves a 11.34% return, which is significantly lower than BSMIX's 21.86% return.
BKMC
- 1D
- -0.86%
- 1M
- 1.78%
- YTD
- 11.34%
- 6M
- 9.13%
- 1Y
- 21.96%
- 3Y*
- 15.64%
- 5Y*
- 7.82%
- 10Y*
- —
BSMIX
- 1D
- 0.77%
- 1M
- 4.80%
- YTD
- 21.86%
- 6M
- 19.38%
- 1Y
- 38.49%
- 3Y*
- 19.63%
- 5Y*
- 8.21%
- 10Y*
- 12.37%
BKMC vs. BSMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BKMC BNY Mellon US Mid Cap Core Equity ETF | 11.34% | 8.74% | 13.78% | 17.50% | -16.03% | 23.83% | 46.18% |
BSMIX iShares Russell Small/Mid-Cap Index Fund | 21.86% | 11.92% | 12.04% | 17.15% | -18.39% | 18.00% | 62.70% |
Correlation
The correlation between BKMC and BSMIX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2020 | 0.95 |
The correlation between BKMC and BSMIX has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
BKMC vs. BSMIX — Risk / Return Rank
BKMC
BSMIX
BKMC vs. BSMIX - 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 iShares Russell Small/Mid-Cap Index Fund (BSMIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BKMC | BSMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.38 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 4.25 | -2.01 |
| Martin ratioReturn relative to average drawdown | 8.61 | 16.06 | -7.46 |
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Drawdowns
BKMC vs. BSMIX - Drawdown Comparison
The maximum BKMC drawdown since its inception was -25.02%, smaller than the maximum BSMIX drawdown of -41.32%. Use the drawdown chart below to compare losses from any high point for BKMC and BSMIX.
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Drawdown Indicators
| BKMC | BSMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.02% | -41.32% | +16.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -9.39% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -23.68% | -25.49% | +1.81% |
Max Drawdown (5Y)Largest decline over 5 years | -25.02% | -28.33% | +3.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.32% | — |
Current DrawdownCurrent decline from peak | -1.30% | 0.00% | -1.30% |
Average DrawdownAverage peak-to-trough decline | -6.50% | -7.38% | +0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.48% | +0.08% |
Volatility
BKMC vs. BSMIX - Volatility Comparison
The current volatility for BNY Mellon US Mid Cap Core Equity ETF (BKMC) is 4.66%, while iShares Russell Small/Mid-Cap Index Fund (BSMIX) has a volatility of 6.00%. This indicates that BKMC experiences smaller price fluctuations and is considered to be less risky than BSMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKMC | BSMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.66% | 6.00% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 11.45% | 13.47% | -2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.47% | 17.86% | -2.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.84% | 21.28% | -2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.15% | 21.76% | -2.61% |
BKMC vs. BSMIX - Expense Ratio Comparison
BKMC has a 0.04% expense ratio, which is lower than BSMIX'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%.
Dividends
BKMC vs. BSMIX - Dividend Comparison
BKMC's dividend yield for the trailing twelve months is around 1.38%, less than BSMIX's 2.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BKMC BNY Mellon US Mid Cap Core Equity ETF | 1.38% | 1.35% | 1.54% | 1.38% | 1.63% | 1.15% | 0.86% | 0.00% | 0.00% | 0.00% | 0.00% |
BSMIX iShares Russell Small/Mid-Cap Index Fund | 2.37% | 2.90% | 2.04% | 1.37% | 4.94% | 4.77% | 4.42% | 2.83% | 4.33% | 2.83% | 1.45% |
Frequently Asked Questions
With a correlation of 0.97, BKMC and BSMIX 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.
BSMIX has higher volatility (6.00%) compared to BKMC (4.66%). In terms of maximum drawdown, BKMC dropped -25.02% vs BSMIX's -41.32%.
BSMIX currently has the higher Sharpe Ratio (2.24 vs 1.43), 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.
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