BSMIX vs. BKMC
Compare and contrast key facts about iShares Russell Small/Mid-Cap Index Fund (BSMIX) and BNY Mellon US Mid Cap Core Equity ETF (BKMC).
BSMIX is managed by Blackrock. It was launched on Aug 13, 2015. BKMC is a passively managed fund by The Bank of New York Mellon Corp. that tracks the performance of the Morningstar US Mid Cap Index. It was launched on Apr 9, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSMIX or BKMC.
Key characteristics
| BSMIX | BKMC | |
|---|---|---|
| YTD Return | -0.07% | 1.85% |
| 1Y Return | 16.86% | 18.17% |
| 3Y Return (Ann) | -0.74% | 3.14% |
| Sharpe Ratio | 0.85 | 1.12 |
| Daily Std Dev | 17.39% | 14.56% |
| Max Drawdown | -41.32% | -25.02% |
| Current Drawdown | -9.51% | -6.76% |
Correlation
The correlation between BSMIX and BKMC is 0.95, 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
BSMIX vs. BKMC - Performance Comparison
In the year-to-date period, BSMIX achieves a -0.07% return, which is significantly lower than BKMC's 1.85% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BSMIX vs. BKMC - Expense Ratio Comparison
BSMIX has a 0.12% expense ratio, which is higher than BKMC's 0.04% 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%.
Risk-Adjusted Performance
BSMIX vs. BKMC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Small/Mid-Cap Index Fund (BSMIX) and BNY Mellon US Mid Cap Core Equity ETF (BKMC). 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
BSMIX vs. BKMC - Dividend Comparison
BSMIX's dividend yield for the trailing twelve months is around 1.35%, less than BKMC's 1.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSMIX iShares Russell Small/Mid-Cap Index Fund | 1.35% | 1.39% | 4.94% | 4.77% | 4.42% | 2.83% | 4.33% | 2.83% | 1.45% | 0.61% |
BKMC BNY Mellon US Mid Cap Core Equity ETF | 1.40% | 1.38% | 1.63% | 1.15% | 0.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BSMIX vs. BKMC - Drawdown Comparison
The maximum BSMIX drawdown since its inception was -41.32%, which is greater than BKMC's maximum drawdown of -25.02%. Use the drawdown chart below to compare losses from any high point for BSMIX and BKMC. For additional features, visit the drawdowns tool.
Volatility
BSMIX vs. BKMC - Volatility Comparison
iShares Russell Small/Mid-Cap Index Fund (BSMIX) has a higher volatility of 4.65% compared to BNY Mellon US Mid Cap Core Equity ETF (BKMC) at 4.22%. This indicates that BSMIX's price experiences larger fluctuations and is considered to be riskier than BKMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.