ISZE vs. BKIE

Last updated Jun 4, 2026

ISZE (iShares Edge MSCI Intl Size Factor ETF) and BKIE (BNY Mellon International Equity ETF) are both Foreign Large Cap Equities funds - ISZE tracks the MSCI World ex USA Risk Weighted Index while BKIE tracks the Morningstar Developed Markets ex-US Large Cap Index. Both are passively managed. Their correlation of 0.80 suggests significant overlap in exposure. ISZE charges 0.30%/yr vs 0.04%/yr for BKIE.

Performance

ISZE vs. BKIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI Intl Size Factor ETF (ISZE) and BNY Mellon International Equity ETF (BKIE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ISZE

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BKIE

• 1D: -0.89%
• 1M: 3.12%
• YTD: 8.46%
• 6M: 11.11%
• 1Y: 22.58%
• 3Y*: 17.39%
• 5Y*: 9.05%
• 10Y*: —

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

ISZE vs. BKIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ISZE iShares Edge MSCI Intl Size Factor ETF	0.00%	0.00%	-0.11%	15.54%	-15.70%	8.17%	38.54%
BKIE BNY Mellon International Equity ETF	8.46%	32.08%	4.63%	18.25%	-13.60%	13.75%	34.17%

Correlation

The correlation between ISZE and BKIE is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Apr 27, 2020	0.80

The correlation between ISZE and BKIE shifts across timeframes, from 0.53 (3 years) to 0.80 (all time), reflecting how their relationship changes across market environments.

ISZE vs. BKIE - Sectors Allocation Comparison

Sectors	ISZE	BKIE
Industrials	20.0%	18.6%
Financial Services	17.3%	25.8%
Consumer Cyclical	10.7%	7.3%
Basic Materials	8.2%	7.2%
Technology	8.1%	10.1%
Consumer Defensive	7.9%	6.2%
Healthcare	7.8%	9.1%
Real Estate	6.0%	2.0%
Communication Services	5.6%	4.2%
Utilities	4.8%	3.7%
Energy	3.8%	5.9%

Return for Risk

ISZE vs. BKIE — Risk / Return Rank

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

BKIE

BKIE Risk / Return Rank: 43
BKIE Sharpe Ratio Rank: 43
BKIE Sortino Ratio Rank: 43
BKIE Omega Ratio Rank: 43
BKIE Calmar Ratio Rank: 39
BKIE Martin Ratio Rank: 46

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.

ISZE vs. BKIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Intl Size Factor ETF (ISZE) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ISZE	BKIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.56	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.92	—

Drawdowns

Drawdown Indicators

	ISZE	BKIE	Difference
Max Drawdown Largest peak-to-trough decline	—	-28.19%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.41%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.19%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.19%	—
Current Drawdown Current decline from peak	—	-1.33%	—
Average Drawdown Average peak-to-trough decline	—	-4.98%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.95%	—

Volatility

Volatility by Period

	ISZE	BKIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.17%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	14.58%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.12%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.34%	—

ISZE vs. BKIE - Expense Ratio Comparison

ISZE has a 0.30% expense ratio, which is higher than BKIE's 0.04% expense ratio.

Dividends

ISZE vs. BKIE - Dividend Comparison

ISZE has not paid dividends to shareholders, while BKIE's dividend yield for the trailing twelve months is around 3.26%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKIE BNY Mellon International Equity ETF	3.26%	3.12%	3.31%	2.88%	2.97%	2.58%	1.49%	0.00%	0.00%	0.00%	0.00%	0.00%
ISZE iShares Edge MSCI Intl Size Factor ETF	0.00%	0.00%	1.89%	6.63%	2.72%	8.47%	1.39%	2.24%	3.04%	3.33%	3.18%	1.09%

Frequently Asked Questions

Can I hold both ISZE and BKIE in my portfolio?

ISZE and BKIE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ISZE or BKIE?

On fees, BKIE is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ISZE or BKIE?

BKIE is cheaper with a 0.04% expense ratio, compared with 0.30% for ISZE.

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

BKIE has the higher dividend yield at 3.26%, compared with 0.00% for ISZE.

What is the main difference between ISZE and BKIE?

ISZE tracks MSCI World ex USA Risk Weighted Index, while BKIE tracks Morningstar Developed Markets ex-US Large Cap Index. They also come from different issuers: iShares and BNY Mellon. Their fees differ too: 0.30% for ISZE and 0.04% for BKIE.