BKMS vs. BKLC

Last updated Jun 4, 2026

BKMS (BNY Mellon Municipal Short Duration ETF) and BKLC (BNY Mellon US Large Cap Core Equity ETF) are both exchange-traded funds - BKMS is a Municipal Bonds fund actively managed by BNY Mellon, while BKLC is a Large Cap Growth Equities fund tracking the Morningstar US Large Cap Index. BKMS is actively managed, while BKLC is passively managed. At a 0.07 correlation, their price movements are largely independent. BKMS charges 0.35%/yr vs 0.00%/yr for BKLC.

Performance

BKMS vs. BKLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Municipal Short Duration ETF (BKMS) and BNY Mellon US Large Cap Core Equity ETF (BKLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BKMS

• 1D: 0.04%
• 1M: 0.26%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BKLC

• 1D: 0.46%
• 1M: 4.81%
• YTD: 11.44%
• 6M: 11.29%
• 1Y: 28.60%
• 3Y*: 23.48%
• 5Y*: 14.43%
• 10Y*: —

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

BKMS vs. BKLC - Yearly Performance Comparison

	2026 (YTD)
BKMS BNY Mellon Municipal Short Duration ETF	0.58%
BKLC BNY Mellon US Large Cap Core Equity ETF	9.39%

Correlation

The correlation between BKMS and BKLC is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 13, 2026	0.07

Return for Risk

BKMS vs. BKLC — Risk / Return Rank

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

BKLC

BKLC Risk / Return Rank: 72
BKLC Sharpe Ratio Rank: 74
BKLC Sortino Ratio Rank: 72
BKLC Omega Ratio Rank: 73
BKLC Calmar Ratio Rank: 65
BKLC Martin Ratio Rank: 76

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.

BKMS vs. BKLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Municipal Short Duration ETF (BKMS) and BNY Mellon US Large Cap Core Equity ETF (BKLC). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BKMS	BKLC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.37	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.20	1.13	+0.07

Drawdowns

BKMS vs. BKLC - Drawdown Comparison

The maximum BKMS drawdown since its inception was -0.87%, smaller than the maximum BKLC drawdown of -26.14%. Use the drawdown chart below to compare losses from any high point for BKMS and BKLC.

Drawdown Indicators

	BKMS	BKLC	Difference
Max Drawdown Largest peak-to-trough decline	-0.87%	-26.14%	+25.27%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.05%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.14%	—
Current Drawdown Current decline from peak	-0.13%	-0.29%	+0.16%
Average Drawdown Average peak-to-trough decline	-0.29%	-5.27%	+4.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.99%	—

Volatility

Volatility by Period

	BKMS	BKLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.95%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.25%	12.10%	-10.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.25%	17.16%	-15.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.25%	17.44%	-16.19%

BKMS vs. BKLC - Expense Ratio Comparison

BKMS has a 0.35% expense ratio, which is higher than BKLC's 0.00% expense ratio.

Dividends

BKMS vs. BKLC - Dividend Comparison

BKMS's dividend yield for the trailing twelve months is around 1.11%, more than BKLC's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BKLC BNY Mellon US Large Cap Core Equity ETF	1.01%	1.05%	1.22%	1.35%	1.64%	1.10%	0.84%
BKMS BNY Mellon Municipal Short Duration ETF	1.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BKMS and BKLC in my portfolio?

BKMS and BKLC have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BKMS or BKLC?

On fees, BKLC is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BKMS or BKLC?

BKLC is cheaper with a 0.00% expense ratio, compared with 0.35% for BKMS.

Which ETF pays a higher dividend yield, BKMS or BKLC?

BKMS has the higher dividend yield at 1.11%, compared with 1.01% for BKLC.

What is the main difference between BKMS and BKLC?

BKMS is categorized as Municipal Bonds, while BKLC is Large Cap Growth Equities. Their fees differ too: 0.35% for BKMS and 0.00% for BKLC.