BKMC vs. VO

Last updated Aug 2, 2026

BKMC (BNY Mellon US Mid Cap Core Equity ETF) and VO (Vanguard Mid-Cap ETF) are both exchange-traded funds - BKMC is a Mid Cap Growth Equities fund tracking the Morningstar US Mid Cap Index, while VO is a Mid Cap Blend Equities fund tracking the CRSP US Mid Cap Index. Both are passively managed. Over the past 5 years, BKMC returned 7.66%/yr vs 7.77%/yr for VO. Their 0.96 correlation means they have historically moved very closely together. BKMC charges 0.04%/yr vs 0.03%/yr for VO.

Performance

BKMC vs. VO - 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 Vanguard Mid-Cap ETF (VO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKMC achieves a 11.65% return, which is significantly lower than VO's 12.35% return.

BKMC

• 1D: -0.11%
• 1M: -1.34%
• 6M: 6.36%
• YTD: 11.65%
• 1Y: 19.28%
• 3Y*: 13.19%
• 5Y*: 7.66%
• 10Y*: —
• ALL TIME*: 15.39%

VO

• 1D: -0.05%
• 1M: 0.55%
• 6M: 10.12%
• YTD: 12.35%
• 1Y: 16.51%
• 3Y*: 14.32%
• 5Y*: 7.77%
• 10Y*: 11.50%
• ALL TIME*: 10.33%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BKMC BNY Mellon US Mid Cap Core Equity ETF	$1.12M	$1.07M	$1.01M
VO Vanguard Mid-Cap ETF	$194.51M	$293.72M	$235.90M

BKMC vs. VO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BKMC BNY Mellon US Mid Cap Core Equity ETF	11.65%	8.74%	13.78%	17.50%	-16.03%	23.83%	46.18%
VO Vanguard Mid-Cap ETF	12.35%	11.62%	15.31%	16.03%	-18.73%	24.70%	48.01%

Correlation

The correlation between BKMC and VO is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.97
Correlation (All Time) Calculated using the full available price history since Apr 9, 2020	0.96

The correlation between BKMC and VO has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

BKMC vs. VO - Sectors Allocation Comparison

Sectors	BKMC	VO
Industrials	23.2%	19.9%
Technology	16.1%	18.2%
Financial Services	12.8%	13.1%
Healthcare	12.3%	7.8%
Consumer Cyclical	10.3%	9.0%
Real Estate	8.3%	5.1%
Basic Materials	4.5%	3.9%
Consumer Defensive	3.8%	4.6%
Communication Services	3.3%	2.7%
Energy	3.1%	7.4%
Utilities	2.3%	8.4%

Return for Risk

BKMC vs. VO — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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: 57

VO

VO Risk / Return Rank: 51
VO Sharpe Ratio Rank: 48
VO Sortino Ratio Rank: 49
VO Omega Ratio Rank: 46
VO Calmar Ratio Rank: 52
VO Martin Ratio Rank: 59

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BKMC vs. VO - 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 Vanguard Mid-Cap ETF (VO). 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	VO	Difference
Sharpe ratio: Return per unit of total volatility	1.15	1.18	-0.03
Sortino ratio: Return per unit of downside risk	1.74	1.73	+0.01
Omega ratio: Gain probability vs. loss probability	1.21	1.21	-0.01
Calmar ratio: Return relative to maximum drawdown	1.80	1.83	-0.03
Martin ratio: Return relative to average drawdown	6.81	6.99	-0.19

BKMC vs. VO - Sharpe Ratio Comparison

The current BKMC Sharpe Ratio is 1.15, which is comparable to the VO Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of BKMC and VO, 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. VO - Drawdown Comparison

The maximum BKMC drawdown since its inception was -25.02%, smaller than the maximum VO drawdown of -58.87%. Use the drawdown chart below to compare losses from any high point for BKMC and VO.

Drawdown Indicators

	BKMC	VO	Difference
Max Drawdown Largest peak-to-trough decline	-25.02%	-58.87%	+33.85%
Max Drawdown (1Y) Largest decline over 1 year	-9.82%	-8.17%	-1.65%
Max Drawdown (3Y) Largest decline over 3 years	-23.68%	-19.02%	-4.66%
Max Drawdown (5Y) Largest decline over 5 years	-25.02%	-27.57%	+2.55%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.37%	—
Current Drawdown Current decline from peak	-2.30%	-0.49%	-1.81%
Average Drawdown Average peak-to-trough decline	-6.42%	-7.81%	+1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	2.13%	+0.46%

Volatility

BKMC vs. VO - Volatility Comparison

BNY Mellon US Mid Cap Core Equity ETF (BKMC) has a higher volatility of 3.36% compared to Vanguard Mid-Cap ETF (VO) at 2.09%. This indicates that BKMC's price experiences larger fluctuations and is considered to be riskier than VO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKMC	VO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	2.09%	+1.27%
Volatility (6M) Calculated over the trailing 6-month period	11.16%	9.44%	+1.72%
Volatility (1Y) Calculated over the trailing 1-year period	15.38%	12.61%	+2.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.80%	17.59%	+1.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.04%	18.86%	+0.18%

BKMC vs. VO - Expense Ratio Comparison

BKMC has a 0.04% expense ratio, which is higher than VO's 0.03% expense ratio. However, 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. VO - Dividend Comparison

BKMC's dividend yield for the trailing twelve months is around 1.42%, more than VO's 1.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKMC BNY Mellon US Mid Cap Core Equity ETF	1.42%	1.35%	1.54%	1.38%	1.63%	1.15%	0.86%	0.00%	0.00%	0.00%	0.00%	0.00%
VO Vanguard Mid-Cap ETF	1.32%	1.52%	1.49%	1.52%	1.60%	1.12%	1.45%	1.48%	1.82%	1.35%	1.45%	1.47%

Frequently Asked Questions

Can I hold both BKMC and VO in my portfolio?

With a correlation of 0.93, BKMC and VO 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 VO?

BKMC has higher volatility (3.36%) compared to VO (2.09%). In terms of maximum drawdown, BKMC dropped -25.02% vs VO's -58.87%.

Which ETF is better, BKMC or VO?

On 5-year performance, VO leads with 7.77% vs 7.66% for BKMC. On fees, VO is cheaper at 0.03% per year. On volatility, VO has been the lower-risk option at 2.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BKMC or VO?

Over the 5-year period, VO has performed better with a 7.77% return vs 7.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BKMC or VO?

VO is cheaper with a 0.03% expense ratio, compared with 0.04% for BKMC.

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

BKMC has the higher dividend yield at 1.42%, compared with 1.32% for VO.

What is the main difference between BKMC and VO?

BKMC is categorized as Mid Cap Growth Equities, while VO is Mid Cap Blend Equities. BKMC tracks Morningstar US Mid Cap Index, while VO tracks CRSP US Mid Cap Index. They also come from different issuers: BNY Mellon and Vanguard. Their fees differ too: 0.04% for BKMC and 0.03% for VO.

Which has better risk-adjusted returns?

VO currently has the higher Sharpe Ratio (1.18 vs 1.15), 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.