BKSE vs. IVOG
BKSE (BNY Mellon US Small Cap Core Equity ETF) and IVOG (Vanguard S&P Mid-Cap 400 Growth ETF) are both Small Cap Growth Equities funds - BKSE tracks the Morningstar US Small Cap Index while IVOG tracks the S&P MidCap 400 Growth Index. Both are passively managed. Over the past 5 years, BKSE returned 7.44%/yr vs 8.30%/yr for IVOG. Their correlation of 0.93 suggests significant overlap in exposure. BKSE charges 0.04%/yr vs 0.15%/yr for IVOG.
Performance
BKSE vs. IVOG - Performance Comparison
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Returns By Period
In the year-to-date period, BKSE achieves a 16.28% return, which is significantly lower than IVOG's 18.76% return.
BKSE
- 1D
- -0.10%
- 1M
- 3.72%
- YTD
- 16.28%
- 6M
- 14.10%
- 1Y
- 34.93%
- 3Y*
- 18.52%
- 5Y*
- 7.44%
- 10Y*
- —
IVOG
- 1D
- -1.58%
- 1M
- 2.55%
- YTD
- 18.76%
- 6M
- 16.00%
- 1Y
- 29.76%
- 3Y*
- 17.78%
- 5Y*
- 8.30%
- 10Y*
- 11.91%
BKSE vs. IVOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BKSE BNY Mellon US Small Cap Core Equity ETF | 16.28% | 13.09% | 9.56% | 22.37% | -18.44% | 16.18% | 53.89% |
IVOG Vanguard S&P Mid-Cap 400 Growth ETF | 18.76% | 7.34% | 15.62% | 17.36% | -19.08% | 18.85% | 53.72% |
Correlation
The correlation between BKSE and IVOG is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2020 | 0.93 |
The correlation between BKSE and IVOG has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
BKSE vs. IVOG — Risk / Return Rank
BKSE
IVOG
BKSE vs. IVOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon US Small Cap Core Equity ETF (BKSE) and Vanguard S&P Mid-Cap 400 Growth ETF (IVOG). 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.
| BKSE | IVOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.30 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | 3.09 | +0.65 |
| Martin ratioReturn relative to average drawdown | 13.06 | 12.01 | +1.05 |
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Drawdowns
BKSE vs. IVOG - Drawdown Comparison
The maximum BKSE drawdown since its inception was -29.08%, smaller than the maximum IVOG drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for BKSE and IVOG.
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Drawdown Indicators
| BKSE | IVOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.08% | -39.32% | +10.24% |
Max Drawdown (1Y)Largest decline over 1 year | -9.40% | -9.69% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -26.76% | -25.61% | -1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -29.08% | -29.31% | +0.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.32% | — |
Current DrawdownCurrent decline from peak | -0.10% | -1.58% | +1.48% |
Average DrawdownAverage peak-to-trough decline | -8.99% | -5.86% | -3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.48% | +0.20% |
Volatility
BKSE vs. IVOG - Volatility Comparison
The current volatility for BNY Mellon US Small Cap Core Equity ETF (BKSE) is 4.67%, while Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) has a volatility of 5.83%. This indicates that BKSE experiences smaller price fluctuations and is considered to be less risky than IVOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKSE | IVOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.67% | 5.83% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 12.29% | 13.89% | -1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.77% | 17.69% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.46% | 20.70% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.26% | 20.61% | +1.65% |
BKSE vs. IVOG - Expense Ratio Comparison
BKSE has a 0.04% expense ratio, which is lower than IVOG's 0.15% 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
BKSE vs. IVOG - Dividend Comparison
BKSE's dividend yield for the trailing twelve months is around 1.13%, more than IVOG's 0.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKSE BNY Mellon US Small Cap Core Equity ETF | 1.13% | 1.26% | 1.55% | 1.38% | 1.50% | 1.17% | 0.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IVOG Vanguard S&P Mid-Cap 400 Growth ETF | 0.54% | 0.64% | 0.79% | 1.15% | 1.05% | 0.47% | 0.74% | 1.17% | 1.01% | 0.93% | 1.11% | 1.04% |
Frequently Asked Questions
BKSE and IVOG have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVOG has higher volatility (5.83%) compared to BKSE (4.67%). In terms of maximum drawdown, BKSE dropped -29.08% vs IVOG's -39.32%.
On 5-year performance, IVOG leads with 8.30% vs 7.44% for BKSE. On fees, BKSE is cheaper at 0.04% per year. On volatility, BKSE has been the lower-risk option at 4.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IVOG has performed better with a 8.30% return vs 7.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BKSE is cheaper with a 0.04% expense ratio, compared with 0.15% for IVOG.
BKSE has the higher dividend yield at 1.13%, compared with 0.54% for IVOG.
BKSE tracks Morningstar US Small Cap Index, while IVOG tracks S&P MidCap 400 Growth Index. They also come from different issuers: BNY Mellon and Vanguard. Their fees differ too: 0.04% for BKSE and 0.15% for IVOG.
BKSE currently has the higher Sharpe Ratio (1.98 vs 1.69), 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.
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