BKLC vs QQQ
BNY Mellon US Large Cap Core Equity ETF vs Invesco QQQ Trust, Series 1
Which is better, BKLC or QQQ?
Large Cap Blend against Large Cap Growth.
BKLC has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. BKLC is less concentrated, with 37.6% of the fund in its ten largest positions against 46.5%.
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 | QQQ |
|---|---|---|
| Expense Ratio | 0.00%Best | 0.18% |
| AUM | $5.7B | $483.5B |
| Dividend Yield | 1.55% | 0.44% |
| Holdings | 511 | 107 |
| YTD Return | +11.04% | +15.21%Best |
| 1Y Return | +15.44% | +19.78%Best |
| 3Y Return (annualized) | +21.38% | +24.58%Best |
| 5Y Return (annualized) | +12.77% | +13.93%Best |
| Volatility (annualized) | 15.8%Best | 20.3% |
| Max Drawdown | -26.1%Best | -35.1% |
| $10,000 over 5 years | $18,238 | $19,195Best |
| Top 10 Weight | 37.6%Best | 46.5% |
| Fund Family | BNY Mellon Investment Management | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Apr 7, 2020 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Apr 9, 2020 to Sep 16, 2026 (6.4 years).
BKLC vs QQQ 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 QQQ Performance
BNY Mellon US Large Cap Core Equity ETF (BKLC) is an ETF from BNY Mellon Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year BKLC returned +15.44% while QQQ returned +19.78%. Year to date, BKLC is up 11.04% versus a gain of 15.21% for QQQ.
Over three years, BKLC compounded at +21.38% per year against +24.58% for QQQ; over five years the annualized figures are +12.77% and +13.93% respectively. Across the full 6-year window we track, QQQ has the edge at +22.14% annualized vs +18.45%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 20.3% compared with 15.8% for BKLC. 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 -35.1% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. 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 QQQ charges 0.18%. On a $10,000 position that is $0 vs $18 annually, a gap of $18 per year that compounds over a long holding period. On income, BKLC currently yields 1.55% against 0.44% for QQQ.
Holdings Overlap
53.6% of BKLC's money is in holdings QQQ also owns. 96.3% of QQQ's money is in holdings BKLC also owns.
Most of QQQ is already inside BKLC. Owning both mostly buys the same companies twice.
92 positions in common, counted across the 495 positions we hold weights for in BKLC and 102 in QQQ, against full books of 511 and 107.
What only one of them owns
Our book lists 4 positions for QQQ that do not appear in our book for BKLC (1.2% of the fund), and 385 for BKLC that do not appear in QQQ (45.2%).
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 QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.92% | 8.44% | 0.52% |
| AAPLApple, Inc | 7.00% | 7.27% | 0.27% |
| MSFTMicrosoft Corp | 5.57% | 5.76% | 0.19% |
| AMZNAmazon.Com Inc | 3.71% | 4.67% | 0.96% |
| GOOGLAlphabet Inc,class A | 2.98% | 3.36% | 0.38% |
| MUMicron Technology, Inc. | 1.61% | 4.43% | 2.82% |
| GOOGAlphabet Inc | 2.57% | 3.13% | 0.56% |
| AVGOBroadcom Inc | 2.49% | 3.16% | 0.67% |
| METAMeta Platforms Inc | 2.00% | 2.78% | 0.78% |
| AMDAdvanced Micro Devices Inc | 1.10% | 3.45% | 2.35% |
96.3% of QQQ 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 QQQ?
BKLC has an expense ratio of 0.00% while QQQ charges 0.18%. BKLC is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, BKLC or QQQ?
Over the past year BKLC returned +15.44% vs +19.78% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), BKLC annualized +18.45% vs +22.14% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BKLC or QQQ?
QQQ has been the more volatile fund at 20.3% annualized versus 15.8% for BKLC. Worst drawdown: BKLC -26.1% vs QQQ -35.1%.
Should I hold both BKLC and QQQ?
BKLC and QQQ have a monthly-return correlation of 0.94, 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 QQQ?
96.3% of QQQ's money is in holdings BKLC also owns. 96.3% of QQQ's is in holdings BKLC also owns. They hold 92 positions in common, counted across the 495 positions we hold weights for in BKLC and 102 in QQQ.
Which pays a higher dividend, BKLC or QQQ?
BKLC yields 1.55% while QQQ yields 0.44%, so BKLC currently pays the higher dividend yield.
Is QQQ better than BKLC?
BKLC has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. BKLC is less concentrated, with 37.6% of the fund in its ten largest positions against 46.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.