BKMC vs. IMCB
Compare and contrast key facts about BNY Mellon US Mid Cap Core Equity ETF (BKMC) and iShares Morningstar Mid-Cap ETF (IMCB).
BKMC and IMCB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BKMC is a passively managed fund by The Bank of New York Mellon Corp. that tracks the performance of the Morningstar US Mid Cap Index. It was launched on Apr 9, 2020. IMCB is a passively managed fund by iShares that tracks the performance of the IMCB-US - Morningstar U.S. Mid Cap Index. It was launched on Jun 28, 2004. Both BKMC and IMCB 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: BKMC or IMCB.
Key characteristics
| BKMC | IMCB | |
|---|---|---|
| YTD Return | 17.85% | 19.17% |
| 1Y Return | 30.86% | 31.02% |
| 3Y Return (Ann) | 4.69% | 4.63% |
| Sharpe Ratio | 2.06 | 2.51 |
| Sortino Ratio | 2.83 | 3.47 |
| Omega Ratio | 1.35 | 1.43 |
| Calmar Ratio | 2.27 | 2.35 |
| Martin Ratio | 10.43 | 13.85 |
| Ulcer Index | 3.01% | 2.27% |
| Daily Std Dev | 15.25% | 12.51% |
| Max Drawdown | -25.02% | -58.80% |
| Current Drawdown | -2.41% | -1.57% |
Correlation
The correlation between BKMC and IMCB is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BKMC vs. IMCB - Performance Comparison
In the year-to-date period, BKMC achieves a 17.85% return, which is significantly lower than IMCB's 19.17% 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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BKMC vs. IMCB - Expense Ratio Comparison
Both BKMC and IMCB have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
BKMC vs. IMCB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon US Mid Cap Core Equity ETF (BKMC) and iShares Morningstar Mid-Cap ETF (IMCB). 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
BKMC vs. IMCB - Dividend Comparison
BKMC's dividend yield for the trailing twelve months is around 1.29%, less than IMCB's 1.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKMC BNY Mellon US Mid Cap Core Equity ETF | 1.29% | 1.38% | 1.63% | 1.15% | 0.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IMCB iShares Morningstar Mid-Cap ETF | 1.38% | 1.55% | 1.70% | 1.08% | 1.12% | 1.32% | 1.80% | 1.31% | 1.79% | 1.47% | 1.40% | 1.19% |
Drawdowns
BKMC vs. IMCB - Drawdown Comparison
The maximum BKMC drawdown since its inception was -25.02%, smaller than the maximum IMCB drawdown of -58.80%. Use the drawdown chart below to compare losses from any high point for BKMC and IMCB. For additional features, visit the drawdowns tool.
Volatility
BKMC vs. IMCB - Volatility Comparison
BNY Mellon US Mid Cap Core Equity ETF (BKMC) has a higher volatility of 4.60% compared to iShares Morningstar Mid-Cap ETF (IMCB) at 4.03%. This indicates that BKMC's price experiences larger fluctuations and is considered to be riskier than IMCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.