BKMC vs. SCHD

Last updated Jun 24, 2026

BKMC (BNY Mellon US Mid Cap Core Equity ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - BKMC is a Mid Cap Growth Equities fund tracking the Morningstar US Mid Cap Index, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 5 years, BKMC returned 7.82%/yr vs 8.71%/yr for SCHD. A 0.78 correlation means they provide meaningful diversification when combined. BKMC charges 0.04%/yr vs 0.06%/yr for SCHD.

Performance

BKMC vs. SCHD - 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 Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKMC achieves a 11.34% return, which is significantly lower than SCHD's 17.72% return.

BKMC

• 1D: -0.86%
• 1M: 1.78%
• YTD: 11.34%
• 6M: 9.13%
• 1Y: 21.96%
• 3Y*: 15.64%
• 5Y*: 7.82%
• 10Y*: —

SCHD

• 1D: 0.41%
• 1M: -2.47%
• YTD: 17.72%
• 6M: 17.25%
• 1Y: 24.56%
• 3Y*: 14.60%
• 5Y*: 8.71%
• 10Y*: 12.72%

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

BKMC vs. SCHD - 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%
SCHD Schwab U.S. Dividend Equity ETF	17.72%	4.34%	11.66%	4.54%	-3.26%	29.87%	36.65%

Correlation

The correlation between BKMC and SCHD is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Apr 9, 2020	0.78

The correlation between BKMC and SCHD shifts across timeframes, from 0.59 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.

BKMC vs. SCHD - Sectors Allocation Comparison

Sectors	BKMC	SCHD
Industrials	22.7%	7.4%
Technology	16.6%	19.4%
Financial Services	12.7%	9.1%
Healthcare	11.7%	18.4%
Consumer Cyclical	10.2%	6.7%
Real Estate	8.2%	-
Basic Materials	4.9%	1.2%
Consumer Defensive	3.7%	18.5%
Communication Services	3.6%	6.0%
Energy	3.3%	14.6%
Utilities	2.4%	0.0%

Return for Risk

BKMC vs. SCHD — Risk / Return Rank

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

BKMC

BKMC Risk / Return Rank: 46
BKMC Sharpe Ratio Rank: 43
BKMC Sortino Ratio Rank: 44
BKMC Omega Ratio Rank: 40
BKMC Calmar Ratio Rank: 49
BKMC Martin Ratio Rank: 53

SCHD

SCHD Risk / Return Rank: 77
SCHD Sharpe Ratio Rank: 72
SCHD Sortino Ratio Rank: 80
SCHD Omega Ratio Rank: 70
SCHD Calmar Ratio Rank: 90
SCHD Martin Ratio Rank: 71

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. SCHD - 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 Schwab U.S. Dividend Equity ETF (SCHD). 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	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	1.43	2.23	-0.80
Sortino ratio: Return per unit of downside risk	2.11	3.40	-1.29
Omega ratio: Gain probability vs. loss probability	1.25	1.40	-0.15
Calmar ratio: Return relative to maximum drawdown	2.25	5.35	-3.10
Martin ratio: Return relative to average drawdown	8.61	12.94	-4.33

BKMC vs. SCHD - Sharpe Ratio Comparison

The current BKMC Sharpe Ratio is 1.43, which is lower than the SCHD Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of BKMC and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BKMC vs. SCHD - Drawdown Comparison

The maximum BKMC drawdown since its inception was -25.02%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for BKMC and SCHD.

Drawdown Indicators

	BKMC	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-25.02%	-33.37%	+8.35%
Max Drawdown (1Y) Largest decline over 1 year	-9.82%	-4.61%	-5.21%
Max Drawdown (3Y) Largest decline over 3 years	-23.68%	-16.13%	-7.55%
Max Drawdown (5Y) Largest decline over 5 years	-25.02%	-16.85%	-8.17%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.37%	—
Current Drawdown Current decline from peak	-1.30%	-2.47%	+1.17%
Average Drawdown Average peak-to-trough decline	-6.50%	-3.31%	-3.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	1.90%	+0.66%

Volatility

BKMC vs. SCHD - Volatility Comparison

BNY Mellon US Mid Cap Core Equity ETF (BKMC) has a higher volatility of 4.66% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 3.58%. This indicates that BKMC's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKMC	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.66%	3.58%	+1.08%
Volatility (6M) Calculated over the trailing 6-month period	11.45%	7.73%	+3.72%
Volatility (1Y) Calculated over the trailing 1-year period	15.47%	11.07%	+4.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.84%	14.36%	+4.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.15%	16.71%	+2.44%

BKMC vs. SCHD - Expense Ratio Comparison

BKMC has a 0.04% expense ratio, which is lower than SCHD's 0.06% 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. SCHD - Dividend Comparison

BKMC's dividend yield for the trailing twelve months is around 1.38%, less than SCHD's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
SCHD Schwab U.S. Dividend Equity ETF	3.30%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Frequently Asked Questions

Can I hold both BKMC and SCHD in my portfolio?

BKMC and SCHD have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKMC or SCHD?

BKMC has higher volatility (4.66%) compared to SCHD (3.58%). In terms of maximum drawdown, BKMC dropped -25.02% vs SCHD's -33.37%.

Which ETF is better, BKMC or SCHD?

On 5-year performance, SCHD leads with 8.71% vs 7.82% for BKMC. On fees, BKMC is cheaper at 0.04% per year. On volatility, SCHD has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKMC or SCHD?

Over the 5-year period, SCHD has performed better with a 8.71% return vs 7.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKMC or SCHD?

BKMC is cheaper with a 0.04% expense ratio, compared with 0.06% for SCHD.

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

SCHD has the higher dividend yield at 3.30%, compared with 1.38% for BKMC.

What is the main difference between BKMC and SCHD?

BKMC is categorized as Mid Cap Growth Equities, while SCHD is Dividend. BKMC tracks Morningstar US Mid Cap Index, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: BNY Mellon and Charles Schwab. Their fees differ too: 0.04% for BKMC and 0.06% for SCHD.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.23 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.