IMCB vs. BKMC
Compare and contrast key facts about iShares Morningstar Mid-Cap ETF (IMCB) and BNY Mellon US Mid Cap Core Equity ETF (BKMC).
IMCB and BKMC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMCB is a passively managed fund by iShares that tracks the performance of the IMCB-US - Morningstar U.S. Mid Cap Index. It was launched on Jun 28, 2004. 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. Both IMCB and BKMC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IMCB or BKMC.
Key characteristics
| IMCB | BKMC | |
|---|---|---|
| YTD Return | 19.95% | 19.84% |
| 1Y Return | 38.07% | 39.35% |
| 3Y Return (Ann) | 4.87% | 5.26% |
| Sharpe Ratio | 2.87 | 2.46 |
| Sortino Ratio | 4.01 | 3.36 |
| Omega Ratio | 1.50 | 1.42 |
| Calmar Ratio | 2.20 | 2.28 |
| Martin Ratio | 16.33 | 12.70 |
| Ulcer Index | 2.27% | 3.00% |
| Daily Std Dev | 12.91% | 15.53% |
| Max Drawdown | -58.80% | -25.02% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between IMCB and BKMC is 0.98, 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
IMCB vs. BKMC - Performance Comparison
The year-to-date returns for both stocks are quite close, with IMCB having a 19.95% return and BKMC slightly lower at 19.84%. 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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IMCB vs. BKMC - Expense Ratio Comparison
Both IMCB and BKMC 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%.
Risk-Adjusted Performance
IMCB vs. BKMC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Mid-Cap ETF (IMCB) 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
IMCB vs. BKMC - Dividend Comparison
IMCB's dividend yield for the trailing twelve months is around 1.37%, more than BKMC's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMCB iShares Morningstar Mid-Cap ETF | 1.37% | 1.55% | 1.70% | 1.08% | 1.12% | 1.32% | 1.80% | 1.31% | 1.79% | 1.47% | 1.40% | 1.19% |
BKMC BNY Mellon US Mid Cap Core Equity ETF | 1.27% | 1.38% | 1.63% | 1.15% | 0.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IMCB vs. BKMC - Drawdown Comparison
The maximum IMCB drawdown since its inception was -58.80%, which is greater than BKMC's maximum drawdown of -25.02%. Use the drawdown chart below to compare losses from any high point for IMCB and BKMC. For additional features, visit the drawdowns tool.
Volatility
IMCB vs. BKMC - Volatility Comparison
The current volatility for iShares Morningstar Mid-Cap ETF (IMCB) is 3.99%, while BNY Mellon US Mid Cap Core Equity ETF (BKMC) has a volatility of 4.45%. This indicates that IMCB experiences smaller price fluctuations and is considered to be less risky than BKMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.