ESGG vs. BKLC

Last updated Jun 4, 2026

ESGG (FlexShares STOXX Global ESG Select Index Fund) and BKLC (BNY Mellon US Large Cap Core Equity ETF) are both Large Cap Growth Equities funds - ESGG tracks the STOXX Global ESG Select KPIs Index while BKLC tracks the Morningstar US Large Cap Index. Both are passively managed. Over the past 5 years, ESGG returned 12.78%/yr vs 14.33%/yr for BKLC. Their correlation of 0.94 suggests significant overlap in exposure. ESGG charges 0.42%/yr vs 0.00%/yr for BKLC.

Performance

ESGG vs. BKLC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares STOXX Global ESG Select Index Fund (ESGG) and BNY Mellon US Large Cap Core Equity ETF (BKLC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESGG achieves a 14.72% return, which is significantly higher than BKLC's 10.93% return.

ESGG

• 1D: -0.48%
• 1M: 8.86%
• YTD: 14.72%
• 6M: 16.28%
• 1Y: 31.41%
• 3Y*: 21.51%
• 5Y*: 12.78%
• 10Y*: —

BKLC

• 1D: -0.74%
• 1M: 5.19%
• YTD: 10.93%
• 6M: 10.81%
• 1Y: 28.05%
• 3Y*: 23.25%
• 5Y*: 14.33%
• 10Y*: —

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

ESGG vs. BKLC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ESGG FlexShares STOXX Global ESG Select Index Fund	14.72%	24.01%	14.48%	25.57%	-18.66%	23.76%	36.46%
BKLC BNY Mellon US Large Cap Core Equity ETF	10.93%	18.06%	25.56%	30.88%	-20.52%	27.41%	37.38%

Correlation

The correlation between ESGG and BKLC is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Apr 13, 2020	0.94

The correlation between ESGG and BKLC has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

ESGG vs. BKLC - Sectors Allocation Comparison

Sectors	ESGG	BKLC
Technology	39.9%	38.0%
Financial Services	19.4%	10.9%
Healthcare	11.8%	8.3%
Industrials	5.2%	7.8%
Consumer Defensive	5.0%	4.4%
Energy	4.3%	3.3%
Consumer Cyclical	4.0%	9.8%
Basic Materials	2.4%	1.6%
Utilities	2.1%	2.5%
Real Estate	1.2%	1.7%
Communication Services	0.9%	10.8%

Return for Risk

ESGG vs. BKLC — Risk / Return Rank

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

ESGG

ESGG Risk / Return Rank: 78
ESGG Sharpe Ratio Rank: 80
ESGG Sortino Ratio Rank: 82
ESGG Omega Ratio Rank: 78
ESGG Calmar Ratio Rank: 69
ESGG Martin Ratio Rank: 79

BKLC

BKLC Risk / Return Rank: 68
BKLC Sharpe Ratio Rank: 69
BKLC Sortino Ratio Rank: 67
BKLC Omega Ratio Rank: 69
BKLC Calmar Ratio Rank: 61
BKLC Martin Ratio Rank: 73

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.

ESGG vs. BKLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares STOXX Global ESG Select Index Fund (ESGG) 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.

	ESGG	BKLC	Difference
Sharpe ratio: Return per unit of total volatility	2.62	2.33	+0.29
Sortino ratio: Return per unit of downside risk	3.69	3.15	+0.54
Omega ratio: Gain probability vs. loss probability	1.47	1.42	+0.04
Calmar ratio: Return relative to maximum drawdown	3.44	3.10	+0.35
Martin ratio: Return relative to average drawdown	15.38	14.15	+1.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESGG vs. BKLC - Sharpe Ratio Comparison

The current ESGG Sharpe Ratio is 2.62, which is comparable to the BKLC Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of ESGG and BKLC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ESGG	BKLC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.62	2.33	+0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.84	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	1.12	-0.27

Drawdowns

ESGG vs. BKLC - Drawdown Comparison

The maximum ESGG drawdown since its inception was -32.31%, which is greater than BKLC's maximum drawdown of -26.14%. Use the drawdown chart below to compare losses from any high point for ESGG and BKLC.

Drawdown Indicators

	ESGG	BKLC	Difference
Max Drawdown Largest peak-to-trough decline	-32.31%	-26.14%	-6.17%
Max Drawdown (1Y) Largest decline over 1 year	-9.16%	-9.10%	-0.06%
Max Drawdown (3Y) Largest decline over 3 years	-16.71%	-19.05%	+2.34%
Max Drawdown (5Y) Largest decline over 5 years	-27.57%	-26.14%	-1.43%
Current Drawdown Current decline from peak	-0.48%	-0.74%	+0.26%
Average Drawdown Average peak-to-trough decline	-4.66%	-5.27%	+0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	1.99%	+0.06%

Volatility

ESGG vs. BKLC - Volatility Comparison

FlexShares STOXX Global ESG Select Index Fund (ESGG) has a higher volatility of 3.76% compared to BNY Mellon US Large Cap Core Equity ETF (BKLC) at 3.00%. This indicates that ESGG's price experiences larger fluctuations and is considered to be riskier than BKLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESGG	BKLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.76%	3.00%	+0.76%
Volatility (6M) Calculated over the trailing 6-month period	9.67%	9.12%	+0.55%
Volatility (1Y) Calculated over the trailing 1-year period	12.05%	12.11%	-0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.04%	17.16%	-1.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.51%	17.44%	-0.93%

ESGG vs. BKLC - Expense Ratio Comparison

ESGG has a 0.42% expense ratio, which is higher than BKLC's 0.00% expense ratio.

Dividends

ESGG vs. BKLC - Dividend Comparison

ESGG's dividend yield for the trailing twelve months is around 1.21%, more than BKLC's 1.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BKLC BNY Mellon US Large Cap Core Equity ETF	1.01%	1.05%	1.22%	1.35%	1.64%	1.10%	0.84%	0.00%	0.00%	0.00%	0.00%
ESGG FlexShares STOXX Global ESG Select Index Fund	1.21%	1.39%	1.84%	1.73%	1.83%	1.34%	1.36%	1.94%	2.12%	1.71%	0.87%

Frequently Asked Questions

Can I hold both ESGG and BKLC in my portfolio?

With a correlation of 0.93, ESGG and BKLC 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, ESGG or BKLC?

ESGG has higher volatility (3.76%) compared to BKLC (3.00%). In terms of maximum drawdown, ESGG dropped -32.31% vs BKLC's -26.14%.

Which ETF is better, ESGG or BKLC?

On 5-year performance, BKLC leads with 14.33% vs 12.78% for ESGG. On fees, BKLC is cheaper at 0.00% per year. On volatility, BKLC has been the lower-risk option at 3.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ESGG or BKLC?

Over the 5-year period, BKLC has performed better with a 14.33% return vs 12.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ESGG or BKLC?

BKLC is cheaper with a 0.00% expense ratio, compared with 0.42% for ESGG.

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

ESGG has the higher dividend yield at 1.21%, compared with 1.01% for BKLC.

What is the main difference between ESGG and BKLC?

ESGG tracks STOXX Global ESG Select KPIs Index, while BKLC tracks Morningstar US Large Cap Index. They also come from different issuers: Northern Trust and BNY Mellon. Their fees differ too: 0.42% for ESGG and 0.00% for BKLC.

Which has better risk-adjusted returns?

ESGG currently has the higher Sharpe Ratio (2.62 vs 2.33), 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.