BKLC vs SCHD
BNY Mellon US Large Cap Core Equity ETF vs Schwab US Dividend Equity ETF
Which is better, BKLC or SCHD?
Large Cap Blend against Large Cap Value.
BKLC has a lower expense ratio. BKLC led over 3Y, 5Y and the full window, SCHD over 1Y. BKLC is less concentrated, with 37.6% of the fund in its ten largest positions against 41.8%.
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 | SCHD |
|---|---|---|
| Expense Ratio | 0.00%Best | 0.06% |
| AUM | $5.7B | $112.1B |
| Dividend Yield | 1.55% | 3.00% |
| Holdings | 511 | 103 |
| YTD Return | +12.45% | +23.46%Best |
| 1Y Return | +16.45% | +27.20%Best |
| 3Y Return (annualized) | +21.94%Best | +15.41% |
| 5Y Return (annualized) | +13.69%Best | +10.16% |
| Volatility (annualized) | 15.8% | 15.0%Best |
| Max Drawdown | -26.1% | -16.9%Best |
| $10,000 over 5 years | $18,994Best | $16,223 |
| Top 10 Weight | 37.6%Best | 41.8% |
| Fund Family | BNY Mellon Investment Management | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Apr 7, 2020 | Oct 20, 2011 |
Volatility and max drawdown are measured over the window both funds cover: Apr 9, 2020 to Sep 18, 2026 (6.4 years).
BKLC vs SCHD 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 SCHD Performance
BNY Mellon US Large Cap Core Equity ETF (BKLC) is an ETF from BNY Mellon Investment Management and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year BKLC returned +16.45% while SCHD returned +27.20%. Year to date, BKLC is up 12.45% versus a gain of 23.46% for SCHD.
Over three years, BKLC compounded at +21.94% per year against +15.41% for SCHD; over five years the annualized figures are +13.69% and +10.16% respectively. Across the full 6-year window we track, BKLC has the edge at +18.67% annualized vs +15.39%.
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 15.0% for SCHD. 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 -16.9% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BKLC charges 0.00% per year while SCHD charges 0.06%. On a $10,000 position that is $0 vs $6 annually, a gap of $6 per year that compounds over a long holding period. On income, BKLC currently yields 1.55% against 3.00% for SCHD.
Holdings Overlap
7.8% of BKLC's money is in holdings SCHD also owns. 93.5% of SCHD's money is in holdings BKLC also owns.
Most of SCHD is already inside BKLC. Owning both mostly buys the same companies twice.
42 positions in common, counted across the 495 positions we hold weights for in BKLC and 100 in SCHD, against full books of 511 and 103.
What only one of them owns
Our book lists 57 positions for SCHD that do not appear in our book for BKLC (6.5% of the fund), and 435 for BKLC that do not appear in SCHD (91.0%).
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 SCHD | Difference |
|---|---|---|---|
| MRKMerck & Company Inc | 0.56% | 4.77% | 4.21% |
| AMGNAmgen Inc. | 0.36% | 4.70% | 4.34% |
| ABTAbbott Laboratories | 0.28% | 4.69% | 4.41% |
| KOCoca Cola Co. | 0.51% | 4.17% | 3.66% |
| CVXChevron Corp | 0.59% | 4.02% | 3.43% |
| UNHUnitedhealth Group Incorporated | 0.54% | 3.82% | 3.28% |
| HDHome Depot Inc/The | 0.47% | 3.88% | 3.41% |
| PGProcter & Gamble Company | 0.51% | 3.83% | 3.32% |
| VZVerizon Communic | 0.32% | 3.97% | 3.65% |
| COPConocophillips Common Stock USD 0.01 | 0.24% | 3.94% | 3.70% |
93.5% of SCHD 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 SCHD?
BKLC has an expense ratio of 0.00% while SCHD charges 0.06%. BKLC is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, BKLC or SCHD?
Over the past year BKLC returned +16.45% vs +27.20% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), BKLC annualized +18.67% vs +15.39% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BKLC or SCHD?
BKLC has been the more volatile fund at 15.8% annualized versus 15.0% for SCHD. Worst drawdown: BKLC -26.1% vs SCHD -16.9%.
Should I hold both BKLC and SCHD?
BKLC and SCHD have a monthly-return correlation of 0.70, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BKLC and SCHD?
93.5% of SCHD's money is in holdings BKLC also owns. 93.5% of SCHD's is in holdings BKLC also owns. They hold 42 positions in common, counted across the 495 positions we hold weights for in BKLC and 100 in SCHD.
Which pays a higher dividend, BKLC or SCHD?
BKLC yields 1.55% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than BKLC?
BKLC has a lower expense ratio. BKLC led over 3Y, 5Y and the full window, SCHD over 1Y. BKLC is less concentrated, with 37.6% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.