SAWS vs. BKSE

Last updated Jun 3, 2026

SAWS (AAM Sawgrass U.S. Small Cap Quality Growth ETF) and BKSE (BNY Mellon US Small Cap Core Equity ETF) are both Small Cap Growth Equities funds. SAWS is actively managed, while BKSE is passively managed. Over the past year, SAWS returned 19.74% vs 36.43% for BKSE. Their correlation of 0.87 suggests significant overlap in exposure. SAWS charges 0.55%/yr vs 0.04%/yr for BKSE.

Performance

SAWS vs. BKSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAM Sawgrass U.S. Small Cap Quality Growth ETF (SAWS) and BNY Mellon US Small Cap Core Equity ETF (BKSE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SAWS achieves a 10.77% return, which is significantly lower than BKSE's 14.30% return.

SAWS

• 1D: 0.71%
• 1M: -1.28%
• YTD: 10.77%
• 6M: 13.03%
• 1Y: 19.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BKSE

• 1D: 0.34%
• 1M: 3.07%
• YTD: 14.30%
• 6M: 15.09%
• 1Y: 36.43%
• 3Y*: 17.83%
• 5Y*: 7.21%
• 10Y*: —

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

SAWS vs. BKSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SAWS AAM Sawgrass U.S. Small Cap Quality Growth ETF	10.77%	7.26%	3.52%
BKSE BNY Mellon US Small Cap Core Equity ETF	14.30%	13.09%	0.68%

Correlation

The correlation between SAWS and BKSE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (All Time) Calculated using the full available price history since Aug 1, 2024	0.87

The correlation between SAWS and BKSE has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.

SAWS vs. BKSE - Sectors Allocation Comparison

Sectors	SAWS	BKSE
Industrials	27.7%	15.4%
Healthcare	18.3%	11.4%
Technology	15.1%	16.8%
Financial Services	14.2%	16.4%
Consumer Cyclical	9.1%	13.3%
Consumer Defensive	7.5%	3.2%
Energy	4.6%	7.0%
Basic Materials	3.6%	4.5%
Communication Services	-	2.2%
Real Estate	-	6.6%
Utilities	-	3.4%

Return for Risk

SAWS vs. BKSE — Risk / Return Rank

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

SAWS

SAWS Risk / Return Rank: 33
SAWS Sharpe Ratio Rank: 30
SAWS Sortino Ratio Rank: 31
SAWS Omega Ratio Rank: 28
SAWS Calmar Ratio Rank: 38
SAWS Martin Ratio Rank: 38

BKSE

BKSE Risk / Return Rank: 65
BKSE Sharpe Ratio Rank: 61
BKSE Sortino Ratio Rank: 63
BKSE Omega Ratio Rank: 57
BKSE Calmar Ratio Rank: 75
BKSE Martin Ratio Rank: 70

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.

SAWS vs. BKSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM Sawgrass U.S. Small Cap Quality Growth ETF (SAWS) and BNY Mellon US Small Cap Core Equity ETF (BKSE). 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.

	SAWS	BKSE	Difference
Sharpe ratio Return per unit of total volatility	1.09	2.08	-0.99
Sortino ratio Return per unit of downside risk	1.71	2.98	-1.28
Omega ratio Gain probability vs. loss probability	1.19	1.35	-0.16
Calmar ratio Return relative to maximum drawdown	1.91	3.84	-1.93
Martin ratio Return relative to average drawdown	6.20	13.40	-7.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SAWS vs. BKSE - Sharpe Ratio Comparison

The current SAWS Sharpe Ratio is 1.09, which is lower than the BKSE Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of SAWS and BKSE, 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

	SAWS	BKSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	2.08	-0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.34	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.74	-0.17

Drawdowns

SAWS vs. BKSE - Drawdown Comparison

The maximum SAWS drawdown since its inception was -22.04%, smaller than the maximum BKSE drawdown of -29.08%. Use the drawdown chart below to compare losses from any high point for SAWS and BKSE.

Drawdown Indicators

	SAWS	BKSE	Difference
Max Drawdown Largest peak-to-trough decline	-22.04%	-29.08%	+7.04%
Max Drawdown (1Y) Largest decline over 1 year	-10.23%	-9.40%	-0.83%
Max Drawdown (3Y) Largest decline over 3 years	—	-26.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.08%	—
Current Drawdown Current decline from peak	-3.12%	0.00%	-3.12%
Average Drawdown Average peak-to-trough decline	-5.62%	-9.06%	+3.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	2.69%	+0.46%

Volatility

SAWS vs. BKSE - Volatility Comparison

AAM Sawgrass U.S. Small Cap Quality Growth ETF (SAWS) has a higher volatility of 5.16% compared to BNY Mellon US Small Cap Core Equity ETF (BKSE) at 4.36%. This indicates that SAWS's price experiences larger fluctuations and is considered to be riskier than BKSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAWS	BKSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.16%	4.36%	+0.80%
Volatility (6M) Calculated over the trailing 6-month period	13.75%	11.92%	+1.83%
Volatility (1Y) Calculated over the trailing 1-year period	18.13%	17.59%	+0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.05%	21.43%	-0.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.05%	22.30%	-1.25%

SAWS vs. BKSE - Expense Ratio Comparison

SAWS has a 0.55% expense ratio, which is higher than BKSE's 0.04% expense ratio.

Dividends

SAWS vs. BKSE - Dividend Comparison

SAWS's dividend yield for the trailing twelve months is around 0.02%, less than BKSE's 1.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BKSE BNY Mellon US Small Cap Core Equity ETF	1.15%	1.26%	1.55%	1.38%	1.50%	1.17%	0.82%
SAWS AAM Sawgrass U.S. Small Cap Quality Growth ETF	0.02%	0.02%	0.03%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SAWS and BKSE in my portfolio?

SAWS and BKSE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SAWS or BKSE?

SAWS has higher volatility (5.16%) compared to BKSE (4.36%). In terms of maximum drawdown, SAWS dropped -22.04% vs BKSE's -29.08%.

Which ETF is better, SAWS or BKSE?

On 1-year performance, BKSE leads with 36.43% vs 19.74% for SAWS. On fees, BKSE is cheaper at 0.04% per year. On volatility, BKSE has been the lower-risk option at 4.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SAWS or BKSE?

Over the 1-year period, BKSE has performed better with a 36.43% return vs 19.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SAWS or BKSE?

BKSE is cheaper with a 0.04% expense ratio, compared with 0.55% for SAWS.

Which ETF pays a higher dividend yield, SAWS or BKSE?

BKSE has the higher dividend yield at 1.15%, compared with 0.02% for SAWS.

What is the main difference between SAWS and BKSE?

They also come from different issuers: AAM and BNY Mellon. Their fees differ too: 0.55% for SAWS and 0.04% for BKSE.

Which has better risk-adjusted returns?

BKSE currently has the higher Sharpe Ratio (2.08 vs 1.09), 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.