BKSE vs. FESM
Compare and contrast key facts about BNY Mellon US Small Cap Core Equity ETF (BKSE) and Fidelity Enhanced Small Cap ETF (FESM).
BKSE and FESM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BKSE is a passively managed fund by The Bank of New York Mellon Corp. that tracks the performance of the Morningstar US Small Cap Index. It was launched on Apr 9, 2020. FESM is an actively managed fund by Fidelity. It was launched on Dec 20, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BKSE or FESM.
Correlation
The correlation between BKSE and FESM is 0.76, 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
BKSE vs. FESM - Performance Comparison
Key characteristics
BKSE:
0.06
FESM:
0.14
BKSE:
0.26
FESM:
0.36
BKSE:
1.03
FESM:
1.05
BKSE:
0.05
FESM:
0.12
BKSE:
0.16
FESM:
0.34
BKSE:
8.78%
FESM:
9.16%
BKSE:
23.40%
FESM:
24.02%
BKSE:
-29.08%
FESM:
-26.93%
BKSE:
-15.31%
FESM:
-16.14%
Returns By Period
The year-to-date returns for both stocks are quite close, with BKSE having a -7.21% return and FESM slightly lower at -7.52%.
BKSE
-7.21%
15.64%
-12.06%
1.46%
12.32%
N/A
FESM
-7.52%
14.77%
-13.46%
3.35%
N/A
N/A
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BKSE vs. FESM - Expense Ratio Comparison
BKSE has a 0.04% expense ratio, which is lower than FESM's 0.28% expense ratio.
Risk-Adjusted Performance
BKSE vs. FESM — Risk-Adjusted Performance Rank
BKSE
FESM
BKSE vs. FESM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon US Small Cap Core Equity ETF (BKSE) and Fidelity Enhanced Small Cap ETF (FESM). 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
BKSE vs. FESM - Dividend Comparison
BKSE's dividend yield for the trailing twelve months is around 1.54%, more than FESM's 1.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
BKSE BNY Mellon US Small Cap Core Equity ETF | 1.54% | 1.55% | 1.39% | 1.50% | 1.17% | 0.82% |
FESM Fidelity Enhanced Small Cap ETF | 1.48% | 1.08% | 0.06% | 0.00% | 0.00% | 0.00% |
Drawdowns
BKSE vs. FESM - Drawdown Comparison
The maximum BKSE drawdown since its inception was -29.08%, which is greater than FESM's maximum drawdown of -26.93%. Use the drawdown chart below to compare losses from any high point for BKSE and FESM. For additional features, visit the drawdowns tool.
Volatility
BKSE vs. FESM - Volatility Comparison
BNY Mellon US Small Cap Core Equity ETF (BKSE) has a higher volatility of 11.27% compared to Fidelity Enhanced Small Cap ETF (FESM) at 10.32%. This indicates that BKSE's price experiences larger fluctuations and is considered to be riskier than FESM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.