BKLC vs IVV
BNY Mellon US Large Cap Core Equity ETF vs iShares Core S&P 500 ETF
Which is better, BKLC or IVV?
Nearly the same fund. BKLC costs less.
BKLC has a lower expense ratio. BKLC led over 3Y, 5Y and the full window, IVV over 1Y. The two have moved almost in lockstep, correlation 0.99. BKLC is less concentrated, with 37.6% of the fund in its ten largest positions against 37.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BKLC | IVV |
|---|---|---|
| Expense Ratio | 0.00%Best | 0.03% |
| AUM | $5.7B | $876.4B |
| Dividend Yield | 1.55% | 1.06% |
| Holdings | 511 | 508 |
| YTD Return | +11.04%Best | +11.03% |
| 1Y Return | +15.44% | +15.62%Best |
| 3Y Return (annualized) | +21.38%Best | +20.81% |
| 5Y Return (annualized) | +12.77%Best | +12.61% |
| Volatility (annualized) | 15.8% | 15.4%Best |
| Max Drawdown | -26.1% | -24.5%Best |
| $10,000 over 5 years | $18,238Best | $18,109 |
| Top 10 Weight | 37.6%Best | 37.8% |
| Fund Family | BNY Mellon Investment Management | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 7, 2020 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Apr 9, 2020 to Sep 16, 2026 (6.4 years).
BKLC vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6.4 years both funds cover.
BKLC vs IVV Performance
BNY Mellon US Large Cap Core Equity ETF (BKLC) is an ETF from BNY Mellon Investment Management and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year BKLC returned +15.44% while IVV returned +15.62%. Year to date, BKLC is up 11.04% versus a gain of 11.03% for IVV.
Over three years, BKLC compounded at +21.38% per year against +20.81% for IVV; over five years the annualized figures are +12.77% and +12.61% respectively. Across the full 6-year window we track, BKLC has the edge at +18.45% annualized vs +18.19%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BKLC has been the more volatile fund, with annualized monthly volatility of 15.8% compared with 15.4% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -26.1% for BKLC and -24.5% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BKLC charges 0.00% per year while IVV charges 0.03%. On a $10,000 position that is $0 vs $3 annually, a gap of $3 per year that compounds over a long holding period. On income, BKLC currently yields 1.55% against 1.06% for IVV.
Holdings Overlap
95.2% of BKLC's money is in holdings IVV also owns. 96.6% of IVV's money is in holdings BKLC also owns.
Most of IVV is already inside BKLC. Owning both mostly buys the same companies twice.
404 positions in common, counted across the 495 positions we hold weights for in BKLC and 490 in IVV, against full books of 511 and 508.
What only one of them owns
Our book lists 80 positions for IVV that do not appear in our book for BKLC (2.0% of the fund), and 75 for BKLC that do not appear in IVV (3.7%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in BKLC | Weight in IVV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.92% | 8.07% | 0.15% |
| AAPLApple, Inc | 7.00% | 7.02% | 0.02% |
| MSFTMicrosoft Corp | 5.57% | 5.69% | 0.12% |
| AMZNAmazon.Com Inc | 3.71% | 3.84% | 0.13% |
| GOOGLAlphabet Inc,class A | 2.98% | 3.00% | 0.02% |
| AVGOBroadcom Inc | 2.49% | 2.65% | 0.16% |
| GOOGAlphabet Inc | 2.57% | 2.39% | 0.18% |
| METAMeta Platforms Inc | 2.00% | 1.90% | 0.10% |
| TSLATesla Inc | 1.71% | 1.56% | 0.15% |
| MUMicron Technology, Inc. | 1.61% | 1.63% | 0.02% |
96.6% of IVV is already inside BKLC.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BKLC or IVV?
BKLC has an expense ratio of 0.00% while IVV charges 0.03%. BKLC is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, BKLC or IVV?
Over the past year BKLC returned +15.44% vs +15.62% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (6 years), BKLC annualized +18.45% vs +18.19% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BKLC or IVV?
BKLC has been the more volatile fund at 15.8% annualized versus 15.4% for IVV. Worst drawdown: BKLC -26.1% vs IVV -24.5%.
Should I hold both BKLC and IVV?
BKLC and IVV have a monthly-return correlation of 0.99, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between BKLC and IVV?
96.6% of IVV's money is in holdings BKLC also owns. 96.6% of IVV's is in holdings BKLC also owns. They hold 404 positions in common, counted across the 495 positions we hold weights for in BKLC and 490 in IVV.
Which pays a higher dividend, BKLC or IVV?
BKLC yields 1.55% while IVV yields 1.06%, so BKLC currently pays the higher dividend yield.
Is IVV better than BKLC?
BKLC has a lower expense ratio. BKLC led over 3Y, 5Y and the full window, IVV over 1Y. The two have moved almost in lockstep, correlation 0.99. BKLC is less concentrated, with 37.6% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.