VSGX vs. BKIE

Last updated Jun 4, 2026

VSGX (Vanguard ESG International Stock ETF) and BKIE (BNY Mellon International Equity ETF) are both Foreign Large Cap Equities funds - VSGX tracks the FTSE Global All Cap ex US Choice Index. while BKIE tracks the Morningstar Developed Markets ex-US Large Cap Index. Both are passively managed. Over the past 5 years, VSGX returned 7.81%/yr vs 9.05%/yr for BKIE. Their correlation of 0.95 suggests significant overlap in exposure. VSGX charges 0.12%/yr vs 0.04%/yr for BKIE.

Performance

VSGX vs. BKIE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard ESG International Stock ETF (VSGX) 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, VSGX achieves a 15.83% return, which is significantly higher than BKIE's 8.46% return.

VSGX

• 1D: -0.94%
• 1M: 6.54%
• YTD: 15.83%
• 6M: 18.55%
• 1Y: 33.27%
• 3Y*: 19.56%
• 5Y*: 7.81%
• 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)

VSGX vs. BKIE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VSGX Vanguard ESG International Stock ETF	15.83%	30.77%	5.72%	15.62%	-18.61%	7.24%	39.93%
BKIE BNY Mellon International Equity ETF	8.46%	32.08%	4.63%	18.25%	-13.60%	13.75%	34.17%

Correlation

The correlation between VSGX and BKIE 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	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Apr 27, 2020	0.95

The correlation between VSGX and BKIE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

VSGX vs. BKIE - Sectors Allocation Comparison

Sectors	VSGX	BKIE
Financial Services	27.9%	25.8%
Technology	23.9%	10.1%
Industrials	9.8%	18.6%
Consumer Cyclical	9.5%	7.3%
Healthcare	9.4%	9.1%
Basic Materials	6.1%	7.2%
Consumer Defensive	5.1%	6.2%
Communication Services	4.5%	4.2%
Real Estate	3.2%	2.0%
Utilities	0.7%	3.7%
Energy	0.0%	5.9%

Return for Risk

VSGX vs. BKIE — Risk / Return Rank

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

VSGX

VSGX Risk / Return Rank: 57
VSGX Sharpe Ratio Rank: 59
VSGX Sortino Ratio Rank: 58
VSGX Omega Ratio Rank: 60
VSGX Calmar Ratio Rank: 52
VSGX Martin Ratio Rank: 57

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.

VSGX vs. BKIE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG International Stock ETF (VSGX) 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.

	VSGX	BKIE	Difference
Sharpe ratio Return per unit of total volatility	2.04	1.56	+0.48
Sortino ratio Return per unit of downside risk	2.82	2.23	+0.60
Omega ratio Gain probability vs. loss probability	1.37	1.28	+0.09
Calmar ratio Return relative to maximum drawdown	2.60	1.99	+0.62
Martin ratio Return relative to average drawdown	10.13	7.68	+2.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VSGX vs. BKIE - Sharpe Ratio Comparison

The current VSGX Sharpe Ratio is 2.04, which is higher than the BKIE Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of VSGX and BKIE, 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

	VSGX	BKIE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	1.56	+0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.56	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.92	-0.41

Drawdowns

VSGX vs. BKIE - Drawdown Comparison

The maximum VSGX drawdown since its inception was -33.09%, which is greater than BKIE's maximum drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for VSGX and BKIE.

Drawdown Indicators

	VSGX	BKIE	Difference
Max Drawdown Largest peak-to-trough decline	-33.09%	-28.19%	-4.90%
Max Drawdown (1Y) Largest decline over 1 year	-12.84%	-11.41%	-1.43%
Max Drawdown (3Y) Largest decline over 3 years	-13.83%	-13.19%	-0.64%
Max Drawdown (5Y) Largest decline over 5 years	-32.14%	-28.19%	-3.95%
Current Drawdown Current decline from peak	-0.94%	-1.33%	+0.39%
Average Drawdown Average peak-to-trough decline	-7.78%	-4.98%	-2.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.29%	2.95%	+0.34%

Volatility

VSGX vs. BKIE - Volatility Comparison

Vanguard ESG International Stock ETF (VSGX) has a higher volatility of 6.06% compared to BNY Mellon International Equity ETF (BKIE) at 4.42%. This indicates that VSGX's price experiences larger fluctuations and is considered to be riskier than BKIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VSGX	BKIE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.06%	4.42%	+1.64%
Volatility (6M) Calculated over the trailing 6-month period	14.12%	12.17%	+1.95%
Volatility (1Y) Calculated over the trailing 1-year period	16.38%	14.58%	+1.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.31%	16.12%	+0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.05%	16.34%	+1.71%

VSGX vs. BKIE - Expense Ratio Comparison

VSGX has a 0.12% expense ratio, which is higher than BKIE'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

VSGX vs. BKIE - Dividend Comparison

VSGX's dividend yield for the trailing twelve months is around 2.85%, less than BKIE's 3.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BKIE BNY Mellon International Equity ETF	3.26%	3.12%	3.31%	2.88%	2.97%	2.58%	1.49%	0.00%	0.00%
VSGX Vanguard ESG International Stock ETF	2.85%	3.23%	3.10%	2.77%	2.61%	2.49%	1.67%	2.28%	0.38%

Frequently Asked Questions

Can I hold both VSGX and BKIE in my portfolio?

With a correlation of 0.93, VSGX 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 is riskier, VSGX or BKIE?

VSGX has higher volatility (6.06%) compared to BKIE (4.42%). In terms of maximum drawdown, VSGX dropped -33.09% vs BKIE's -28.19%.

Which ETF is better, VSGX or BKIE?

On 5-year performance, BKIE leads with 9.05% vs 7.81% for VSGX. On fees, BKIE is cheaper at 0.04% per year. On volatility, BKIE has been the lower-risk option at 4.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VSGX or BKIE?

Over the 5-year period, BKIE has performed better with a 9.05% return vs 7.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VSGX or BKIE?

BKIE is cheaper with a 0.04% expense ratio, compared with 0.12% for VSGX.

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

BKIE has the higher dividend yield at 3.26%, compared with 2.85% for VSGX.

What is the main difference between VSGX and BKIE?

VSGX tracks FTSE Global All Cap ex US Choice Index., while BKIE tracks Morningstar Developed Markets ex-US Large Cap Index. They also come from different issuers: Vanguard and BNY Mellon. Their fees differ too: 0.12% for VSGX and 0.04% for BKIE.

Which has better risk-adjusted returns?

VSGX currently has the higher Sharpe Ratio (2.04 vs 1.56), 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.