IMCB vs. BKIE

Last updated Jun 9, 2026

IMCB (iShares Morningstar Mid-Cap ETF) and BKIE (BNY Mellon International Equity ETF) are both exchange-traded funds - IMCB is a Mid Cap Blend Equities fund tracking the IMCB-US - Morningstar U.S. Mid Cap Index, while BKIE is a Foreign Large Cap Equities fund tracking the Morningstar Developed Markets ex-US Large Cap Index. Both are passively managed. Over the past 5 years, IMCB returned 8.49%/yr vs 8.82%/yr for BKIE. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.04% expense ratio.

Performance

IMCB vs. BKIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Morningstar Mid-Cap ETF (IMCB) and BNY Mellon International Equity ETF (BKIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IMCB achieves a 12.99% return, which is significantly higher than BKIE's 7.27% return.

IMCB

• 1D: 0.09%
• 1M: 2.56%
• YTD: 12.99%
• 6M: 13.23%
• 1Y: 20.86%
• 3Y*: 16.89%
• 5Y*: 8.49%
• 10Y*: 11.18%

BKIE

• 1D: 0.63%
• 1M: -0.95%
• YTD: 7.27%
• 6M: 9.96%
• 1Y: 20.75%
• 3Y*: 16.78%
• 5Y*: 8.82%
• 10Y*: —

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

IMCB vs. BKIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IMCB iShares Morningstar Mid-Cap ETF	12.99%	10.25%	15.10%	16.37%	-16.09%	22.81%	43.23%
BKIE BNY Mellon International Equity ETF	7.27%	32.08%	4.63%	18.25%	-13.60%	13.75%	34.17%

Correlation

The correlation between IMCB and BKIE is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Apr 27, 2020	0.78

The correlation between IMCB and BKIE has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.

IMCB vs. BKIE - Sectors Allocation Comparison

Sectors	IMCB	BKIE
Technology	21.8%	10.1%
Industrials	19.1%	18.6%
Financial Services	11.7%	25.8%
Consumer Cyclical	9.0%	7.3%
Healthcare	7.9%	9.1%
Energy	7.0%	5.9%
Utilities	6.1%	3.7%
Basic Materials	5.5%	7.2%
Consumer Defensive	5.2%	6.2%
Real Estate	4.2%	2.0%
Communication Services	2.3%	4.2%

Return for Risk

IMCB vs. BKIE — Risk / Return Rank

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

IMCB

IMCB Risk / Return Rank: 55
IMCB Sharpe Ratio Rank: 53
IMCB Sortino Ratio Rank: 53
IMCB Omega Ratio Rank: 50
IMCB Calmar Ratio Rank: 57
IMCB Martin Ratio Rank: 63

BKIE

BKIE Risk / Return Rank: 44
BKIE Sharpe Ratio Rank: 44
BKIE Sortino Ratio Rank: 44
BKIE Omega Ratio Rank: 43
BKIE Calmar Ratio Rank: 41
BKIE Martin Ratio Rank: 47

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.

IMCB vs. BKIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Mid-Cap ETF (IMCB) and BNY Mellon International Equity ETF (BKIE). 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.

	IMCB	BKIE	Difference
Sharpe ratio: Return per unit of total volatility	1.62	1.41	+0.21
Sortino ratio: Return per unit of downside risk	2.30	2.01	+0.29
Omega ratio: Gain probability vs. loss probability	1.28	1.25	+0.03
Calmar ratio: Return relative to maximum drawdown	2.60	1.83	+0.78
Martin ratio: Return relative to average drawdown	10.27	7.03	+3.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IMCB vs. BKIE - Sharpe Ratio Comparison

The current IMCB Sharpe Ratio is 1.62, which is comparable to the BKIE Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of IMCB and BKIE, 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

	IMCB	BKIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	1.41	+0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.55	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.90	-0.40

Drawdowns

IMCB vs. BKIE - Drawdown Comparison

The maximum IMCB drawdown since its inception was -58.80%, which is greater than BKIE's maximum drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for IMCB and BKIE.

Drawdown Indicators

	IMCB	BKIE	Difference
Max Drawdown Largest peak-to-trough decline	-58.80%	-28.19%	-30.61%
Max Drawdown (1Y) Largest decline over 1 year	-8.05%	-11.41%	+3.36%
Max Drawdown (3Y) Largest decline over 3 years	-19.80%	-13.19%	-6.61%
Max Drawdown (5Y) Largest decline over 5 years	-25.15%	-28.19%	+3.04%
Max Drawdown (10Y) Largest decline over 10 years	-40.99%	—	—
Current Drawdown Current decline from peak	-2.19%	-2.41%	+0.22%
Average Drawdown Average peak-to-trough decline	-7.73%	-4.97%	-2.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	2.96%	-0.92%

Volatility

IMCB vs. BKIE - Volatility Comparison

The current volatility for iShares Morningstar Mid-Cap ETF (IMCB) is 3.73%, while BNY Mellon International Equity ETF (BKIE) has a volatility of 4.17%. This indicates that IMCB experiences smaller price fluctuations and is considered to be less risky than BKIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMCB	BKIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	4.17%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	9.87%	12.46%	-2.59%
Volatility (1Y) Calculated over the trailing 1-year period	12.96%	14.84%	-1.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.60%	16.16%	+1.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.67%	16.36%	+3.31%

IMCB vs. BKIE - Expense Ratio Comparison

Both IMCB and BKIE have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IMCB vs. BKIE - Dividend Comparison

IMCB's dividend yield for the trailing twelve months is around 1.23%, less than BKIE's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKIE BNY Mellon International Equity ETF	3.30%	3.12%	3.31%	2.88%	2.97%	2.58%	1.49%	0.00%	0.00%	0.00%	0.00%	0.00%
IMCB iShares Morningstar Mid-Cap ETF	1.23%	1.42%	1.43%	1.55%	1.70%	1.08%	1.12%	1.32%	1.80%	1.31%	1.79%	1.47%

Frequently Asked Questions

Can I hold both IMCB and BKIE in my portfolio?

IMCB and BKIE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IMCB or BKIE?

BKIE has higher volatility (4.17%) compared to IMCB (3.73%). In terms of maximum drawdown, IMCB dropped -58.80% vs BKIE's -28.19%.

Which ETF is better, IMCB or BKIE?

On 5-year performance, BKIE leads with 8.82% vs 8.49% for IMCB. Both ETFs have the same 0.04% expense ratio. On volatility, IMCB has been the lower-risk option at 3.73%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IMCB or BKIE?

Over the 5-year period, BKIE has performed better with a 8.82% return vs 8.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IMCB or BKIE?

IMCB and BKIE have the same expense ratio: 0.04% per year.

Which ETF pays a higher dividend yield, IMCB or BKIE?

BKIE has the higher dividend yield at 3.30%, compared with 1.23% for IMCB.

What is the main difference between IMCB and BKIE?

IMCB is categorized as Mid Cap Blend Equities, while BKIE is Foreign Large Cap Equities. IMCB tracks IMCB-US - Morningstar U.S. Mid Cap Index, while BKIE tracks Morningstar Developed Markets ex-US Large Cap Index. They also come from different issuers: iShares and BNY Mellon.

Which has better risk-adjusted returns?

IMCB currently has the higher Sharpe Ratio (1.62 vs 1.41), 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.