VBK vs. BKMC

Last updated Jun 25, 2026

VBK (Vanguard Small-Cap Growth ETF) and BKMC (BNY Mellon US Mid Cap Core Equity ETF) are both exchange-traded funds - VBK is a Small Cap Growth Equities fund tracking the CRSP US Small Cap Growth 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, VBK returned 4.61%/yr vs 7.76%/yr for BKMC. Their correlation of 0.92 suggests significant overlap in exposure. VBK charges 0.05%/yr vs 0.04%/yr for BKMC.

Performance

VBK vs. BKMC - Performance Comparison

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

Returns By Period

In the year-to-date period, VBK achieves a 17.44% return, which is significantly higher than BKMC's 11.80% return.

VBK

• 1D: 0.58%
• 1M: 2.09%
• YTD: 17.44%
• 6M: 14.49%
• 1Y: 29.30%
• 3Y*: 17.81%
• 5Y*: 4.61%
• 10Y*: 12.09%

BKMC

• 1D: 0.42%
• 1M: 2.21%
• YTD: 11.80%
• 6M: 9.44%
• 1Y: 21.12%
• 3Y*: 15.80%
• 5Y*: 7.76%
• 10Y*: —

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

VBK vs. BKMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VBK Vanguard Small-Cap Growth ETF	17.44%	8.50%	16.50%	21.45%	-28.44%	5.66%	70.34%
BKMC BNY Mellon US Mid Cap Core Equity ETF	11.80%	8.74%	13.78%	17.50%	-16.03%	23.83%	46.18%

Correlation

The correlation between VBK and BKMC is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Apr 9, 2020	0.92

The correlation between VBK and BKMC has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.

VBK vs. BKMC - Sectors Allocation Comparison

Sectors	VBK	BKMC
Technology	27.2%	16.6%
Industrials	24.6%	22.7%
Healthcare	14.4%	11.7%
Consumer Cyclical	7.9%	10.2%
Financial Services	5.4%	12.7%
Energy	4.4%	3.3%
Real Estate	3.5%	8.2%
Communication Services	3.0%	3.6%
Consumer Defensive	2.7%	3.7%
Basic Materials	2.7%	4.9%
Utilities	1.3%	2.4%

Return for Risk

VBK vs. BKMC — Risk / Return Rank

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

VBK

VBK Risk / Return Rank: 50
VBK Sharpe Ratio Rank: 47
VBK Sortino Ratio Rank: 45
VBK Omega Ratio Rank: 42
VBK Calmar Ratio Rank: 58
VBK Martin Ratio Rank: 60

BKMC

BKMC Risk / Return Rank: 46
BKMC Sharpe Ratio Rank: 44
BKMC Sortino Ratio Rank: 45
BKMC Omega Ratio Rank: 41
BKMC Calmar Ratio Rank: 49
BKMC Martin Ratio Rank: 54

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.

VBK vs. BKMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Small-Cap Growth ETF (VBK) 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.

	VBK	BKMC	Difference
Sharpe ratio: Return per unit of total volatility	1.47	1.38	+0.09
Sortino ratio: Return per unit of downside risk	2.06	2.04	+0.02
Omega ratio: Gain probability vs. loss probability	1.25	1.24	+0.01
Calmar ratio: Return relative to maximum drawdown	2.57	2.16	+0.41
Martin ratio: Return relative to average drawdown	9.63	8.28	+1.35

VBK vs. BKMC - Sharpe Ratio Comparison

The current VBK Sharpe Ratio is 1.47, which is comparable to the BKMC Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of VBK 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.

Drawdowns

VBK vs. BKMC - Drawdown Comparison

The maximum VBK drawdown since its inception was -58.68%, which is greater than BKMC's maximum drawdown of -25.02%. Use the drawdown chart below to compare losses from any high point for VBK and BKMC.

Drawdown Indicators

	VBK	BKMC	Difference
Max Drawdown Largest peak-to-trough decline	-58.68%	-25.02%	-33.66%
Max Drawdown (1Y) Largest decline over 1 year	-11.44%	-9.82%	-1.62%
Max Drawdown (3Y) Largest decline over 3 years	-27.54%	-23.68%	-3.86%
Max Drawdown (5Y) Largest decline over 5 years	-38.39%	-25.02%	-13.37%
Max Drawdown (10Y) Largest decline over 10 years	-38.70%	—	—
Current Drawdown Current decline from peak	-1.04%	-0.88%	-0.16%
Average Drawdown Average peak-to-trough decline	-10.13%	-6.49%	-3.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	2.56%	+0.49%

Volatility

VBK vs. BKMC - Volatility Comparison

Vanguard Small-Cap Growth ETF (VBK) has a higher volatility of 7.08% compared to BNY Mellon US Mid Cap Core Equity ETF (BKMC) at 4.61%. This indicates that VBK's price experiences larger fluctuations and is considered to be riskier than BKMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VBK	BKMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.08%	4.61%	+2.47%
Volatility (6M) Calculated over the trailing 6-month period	15.55%	11.42%	+4.13%
Volatility (1Y) Calculated over the trailing 1-year period	20.10%	15.45%	+4.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.63%	18.84%	+4.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.91%	19.14%	+3.77%

VBK vs. BKMC - Expense Ratio Comparison

VBK has a 0.05% expense ratio, which is higher than BKMC's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VBK vs. BKMC - Dividend Comparison

VBK's dividend yield for the trailing twelve months is around 0.45%, less than BKMC's 1.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKMC BNY Mellon US Mid Cap Core Equity ETF	1.37%	1.35%	1.54%	1.38%	1.63%	1.15%	0.86%	0.00%	0.00%	0.00%	0.00%	0.00%
VBK Vanguard Small-Cap Growth ETF	0.45%	0.54%	0.54%	0.68%	0.55%	0.36%	0.44%	0.57%	0.79%	0.82%	1.08%	0.98%

Frequently Asked Questions

Can I hold both VBK and BKMC in my portfolio?

With a correlation of 0.93, VBK 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.

Which is riskier, VBK or BKMC?

VBK has higher volatility (7.08%) compared to BKMC (4.61%). In terms of maximum drawdown, VBK dropped -58.68% vs BKMC's -25.02%.

Which ETF is better, VBK or BKMC?

On 5-year performance, BKMC leads with 7.76% vs 4.61% for VBK. On fees, BKMC is cheaper at 0.04% per year. On volatility, BKMC has been the lower-risk option at 4.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VBK or BKMC?

Over the 5-year period, BKMC has performed better with a 7.76% return vs 4.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VBK or BKMC?

BKMC is cheaper with a 0.04% expense ratio, compared with 0.05% for VBK.

Which ETF pays a higher dividend yield, VBK or BKMC?

BKMC has the higher dividend yield at 1.37%, compared with 0.45% for VBK.

What is the main difference between VBK and BKMC?

VBK is categorized as Small Cap Growth Equities, while BKMC is Mid Cap Growth Equities. VBK tracks CRSP US Small Cap Growth Index, while BKMC tracks Morningstar US Mid Cap Index. They also come from different issuers: Vanguard and BNY Mellon. Their fees differ too: 0.05% for VBK and 0.04% for BKMC.

Which has better risk-adjusted returns?

VBK currently has the higher Sharpe Ratio (1.47 vs 1.38), 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.