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IMCB vs. BKMC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IMCB vs. BKMC

Last updated Aug 2, 2026
Documentation

IMCB (iShares Morningstar Mid-Cap ETF) and BKMC (BNY Mellon US Mid Cap Core 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 BKMC is a Mid Cap Growth Equities fund tracking the Morningstar US Mid Cap Index. Both are passively managed. Over the past 5 years, IMCB returned 9.14%/yr vs 7.66%/yr for BKMC. Their 0.96 correlation means they have historically moved very closely together. Both charge a 0.04% expense ratio.

Performance

IMCB vs. BKMC - Performance Comparison

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

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Returns By Period

In the year-to-date period, IMCB achieves a 17.87% return, which is significantly higher than BKMC's 11.65% return.

IMCB

1D
-0.25%
1M
-0.01%
6M
14.48%
YTD
17.87%
1Y
23.21%
3Y*
15.79%
5Y*
9.14%
10Y*
11.27%
ALL TIME*
10.39%

BKMC

1D
-0.11%
1M
-1.34%
6M
6.36%
YTD
11.65%
1Y
19.28%
3Y*
13.19%
5Y*
7.66%
10Y*
—
ALL TIME*
15.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

BKMC

BNY Mellon US Mid Cap Core Equity ETF
$1.12M$1.07M$1.01M

IMCB

iShares Morningstar Mid-Cap ETF
$2.94M$3.89M$3.49M

IMCB vs. BKMC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
IMCB
iShares Morningstar Mid-Cap ETF		17.87%10.25%15.10%16.37%-16.09%22.81%43.61%
BKMC
BNY Mellon US Mid Cap Core Equity ETF		11.65%8.74%13.78%17.50%-16.03%23.83%46.18%

Correlation

The correlation between IMCB and BKMC is 0.94, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.94

Correlation (3Y)
Balances recent behavior with more history.

0.96

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.98

Correlation (All Time)
Calculated using the full available price history since Apr 9, 2020

0.97

The correlation between IMCB and BKMC has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.

IMCB vs. BKMC - Sectors Allocation Comparison

Sectors
IMCB
BKMC

Industrials

18.4%
23.2%

Technology

17.9%
16.1%

Financial Services

14.1%
12.8%

Consumer Cyclical

9.7%
10.3%

Healthcare

8.8%
12.3%

Energy

7.0%
3.1%

Utilities

6.5%
2.3%

Basic Materials

5.5%
4.5%

Consumer Defensive

5.1%
3.8%

Real Estate

4.5%
8.3%

Communication Services

2.4%
3.3%

Industrials

IMCB
18.4%
BKMC
23.2%

Technology

IMCB
17.9%
BKMC
16.1%

Financial Services

IMCB
14.1%
BKMC
12.8%

Consumer Cyclical

IMCB
9.7%
BKMC
10.3%

Healthcare

IMCB
8.8%
BKMC
12.3%

Energy

IMCB
7.0%
BKMC
3.1%

Utilities

IMCB
6.5%
BKMC
2.3%

Basic Materials

IMCB
5.5%
BKMC
4.5%

Consumer Defensive

IMCB
5.1%
BKMC
3.8%

Real Estate

IMCB
4.5%
BKMC
8.3%

Communication Services

IMCB
2.4%
BKMC
3.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Morningstar Mid-Cap ETF

BNY Mellon US Mid Cap Core Equity ETF

Often compared with IMCB:
IMCB vs. IMCGIMCB vs. FSMDXIMCB vs. SPMDIMCB vs. VOIMCB vs. IJHIMCB vs. ISCBIMCB vs. BBMC
Often compared with BKMC:
BKMC vs. BSMIXBKMC vs. BKLCBKMC vs. VOBKMC vs. VBKBKMC vs. IJHBKMC vs. QMOMBKMC vs. SCHD

Return for Risk

IMCB vs. BKMC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
IMCB
IMCB Risk / Return Rank: 7575
Overall Rank
IMCB Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
IMCB Sortino Ratio Rank: 7373
Sortino Ratio Rank
IMCB Omega Ratio Rank: 7070
Omega Ratio Rank
IMCB Calmar Ratio Rank: 7676
Calmar Ratio Rank
IMCB Martin Ratio Rank: 8181
Martin Ratio Rank
BKMC
BKMC Risk / Return Rank: 4949
Overall Rank
BKMC Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
BKMC Sortino Ratio Rank: 4848
Sortino Ratio Rank
BKMC Omega Ratio Rank: 4444
Omega Ratio Rank
BKMC Calmar Ratio Rank: 5050
Calmar Ratio Rank
BKMC Martin Ratio Rank: 5757
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IMCB vs. BKMC - Risk-Adjusted Trends 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.

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.

IMCBBKMCDifference
Sharpe ratioReturn per unit of total volatility
1.65
1.15

+0.49

Sortino ratioReturn per unit of downside risk
2.35
1.74

+0.61

Omega ratioGain probability vs. loss probability

1.29

1.21

+0.09

Calmar ratioReturn relative to maximum drawdown

2.68

1.80

+0.88

Martin ratioReturn relative to average drawdown

10.73

6.81

+3.92

IMCB vs. BKMC - Sharpe Ratio Comparison

The current IMCB Sharpe Ratio is 1.65, which is higher than the BKMC Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of IMCB and BKMC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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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.

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Drawdown Indicators

IMCBBKMCDifference

Max Drawdown

Largest peak-to-trough decline

-58.80%

-25.02%

-33.78%

Max Drawdown (1Y)

Largest decline over 1 year

-8.05%

-9.82%

+1.77%

Max Drawdown (3Y)

Largest decline over 3 years

-19.80%

-23.68%

+3.88%

Max Drawdown (5Y)

Largest decline over 5 years

-25.15%

-25.02%

-0.13%

Max Drawdown (10Y)

Largest decline over 10 years

-40.99%

—

—

Current Drawdown

Current decline from peak

-0.91%

-2.30%

+1.39%

Average Drawdown

Average peak-to-trough decline

-7.68%

-6.42%

-1.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.01%

2.59%

-0.58%

Volatility

IMCB vs. BKMC - Volatility Comparison

The current volatility for iShares Morningstar Mid-Cap ETF (IMCB) is 2.32%, while BNY Mellon US Mid Cap Core Equity ETF (BKMC) has a volatility of 3.36%. 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.

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Volatility by Period

IMCBBKMCDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.32%

3.36%

-1.04%

Volatility (6M)

Calculated over the trailing 6-month period

9.96%

11.16%

-1.20%

Volatility (1Y)

Calculated over the trailing 1-year period

13.10%

15.38%

-2.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.56%

18.80%

-1.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.60%

19.04%

+0.56%

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%.

Dividends

IMCB vs. BKMC - Dividend Comparison

IMCB's dividend yield for the trailing twelve months is around 1.21%, less than BKMC's 1.42% yield.

PositionTTM20252024202320222021202020192018201720162015
BKMC
BNY Mellon US Mid Cap Core Equity ETF		1.42%1.35%1.54%1.38%1.63%1.15%0.86%0.00%0.00%0.00%0.00%0.00%
IMCB
iShares Morningstar Mid-Cap ETF		1.21%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

With a correlation of 0.94, IMCB and BKMC 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.

BKMC has higher volatility (3.36%) compared to IMCB (2.32%). In terms of maximum drawdown, IMCB dropped -58.80% vs BKMC's -25.02%.

On 5-year performance, IMCB leads with 9.14% vs 7.66% for BKMC. Both ETFs have the same 0.04% expense ratio. On volatility, IMCB has been the lower-risk option at 2.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IMCB has performed better with a 9.14% return vs 7.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

BKMC has the higher dividend yield at 1.42%, compared with 1.21% for IMCB.

IMCB is categorized as Mid Cap Blend Equities, while BKMC is Mid Cap Growth Equities. IMCB tracks IMCB-US - Morningstar U.S. Mid Cap Index, while BKMC tracks Morningstar US Mid Cap Index. They also come from different issuers: iShares and BNY Mellon.

IMCB currently has the higher Sharpe Ratio (1.65 vs 1.15), 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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