IVSI vs. BKIE

Last updated Jun 3, 2026

IVSI (Applied Finance IVS International Large ETF) and BKIE (BNY Mellon International Equity ETF) are both Foreign Large Cap Equities funds. IVSI is actively managed, while BKIE is passively managed. With a 0.95 correlation, they move nearly in lockstep. IVSI charges 0.65%/yr vs 0.04%/yr for BKIE.

Performance

IVSI vs. BKIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Applied Finance IVS International Large ETF (IVSI) 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, IVSI achieves a 10.20% return, which is significantly higher than BKIE's 9.43% return.

IVSI

• 1D: 0.30%
• 1M: 2.96%
• YTD: 10.20%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BKIE

• 1D: 0.65%
• 1M: 2.70%
• YTD: 9.43%
• 6M: 12.83%
• 1Y: 22.97%
• 3Y*: 17.74%
• 5Y*: 9.43%
• 10Y*: —

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

IVSI vs. BKIE - Yearly Performance Comparison

	2026 (YTD)	2025
IVSI Applied Finance IVS International Large ETF	10.20%	0.53%
BKIE BNY Mellon International Equity ETF	9.43%	0.71%

Correlation

The correlation between IVSI and BKIE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 12, 2025	0.95

Return for Risk

IVSI 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: 45
BKIE Sharpe Ratio Rank: 45
BKIE Sortino Ratio Rank: 45
BKIE Omega Ratio Rank: 44
BKIE Calmar Ratio Rank: 42
BKIE Martin Ratio Rank: 49

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.

IVSI vs. BKIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Applied Finance IVS International Large ETF (IVSI) 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

	IVSI	BKIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.59	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.39	0.93	+0.46

Drawdowns

IVSI vs. BKIE - Drawdown Comparison

The maximum IVSI drawdown since its inception was -11.73%, smaller than the maximum BKIE drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for IVSI and BKIE.

Drawdown Indicators

	IVSI	BKIE	Difference
Max Drawdown Largest peak-to-trough decline	-11.73%	-28.19%	+16.46%
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	-0.71%	-0.45%	-0.26%
Average Drawdown Average peak-to-trough decline	-2.61%	-4.98%	+2.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.95%	—

Volatility

Volatility by Period

	IVSI	BKIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.81%	14.57%	+3.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.81%	16.12%	+1.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.81%	16.34%	+1.47%

IVSI vs. BKIE - Expense Ratio Comparison

IVSI has a 0.65% expense ratio, which is higher than BKIE's 0.04% expense ratio.

Dividends

IVSI vs. BKIE - Dividend Comparison

IVSI's dividend yield for the trailing twelve months is around 0.04%, less than BKIE's 3.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BKIE BNY Mellon International Equity ETF	3.24%	3.12%	3.31%	2.88%	2.97%	2.58%	1.49%
IVSI Applied Finance IVS International Large ETF	0.04%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IVSI and BKIE in my portfolio?

With a correlation of 0.95, IVSI and BKIE 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 ETF is better, IVSI 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, IVSI or BKIE?

BKIE is cheaper with a 0.04% expense ratio, compared with 0.65% for IVSI.

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

BKIE has the higher dividend yield at 3.24%, compared with 0.04% for IVSI.

What is the main difference between IVSI and BKIE?

They also come from different issuers: Applied Finance and BNY Mellon. Their fees differ too: 0.65% for IVSI and 0.04% for BKIE.