BKLC vs SPY
BNY Mellon US Large Cap Core Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BKLC or SPY?
Nearly the same fund. BKLC costs less.
BKLC has a lower expense ratio. BKLC led over 1Y, 3Y, 5Y and the full window. 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 | SPY |
|---|---|---|
| Expense Ratio | 0.00%Best | 0.09% |
| AUM | $5.7B | $804.7B |
| Dividend Yield | 1.55% | 0.98% |
| Holdings | 511 | 505 |
| YTD Return | +14.22%Best | +13.82% |
| 1Y Return | +17.10%Best | +16.96% |
| 3Y Return (annualized) | +23.81%Best | +22.97% |
| 5Y Return (annualized) | +13.98%Best | +13.73% |
| Volatility (annualized) | 15.8% | 15.3%Best |
| Max Drawdown | -26.1% | -24.5%Best |
| $10,000 over 5 years | $19,237Best | $19,027 |
| Top 10 Weight | 37.6%Best | 37.8% |
| Fund Family | BNY Mellon Investment Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Apr 7, 2020 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Apr 9, 2020 to Sep 21, 2026 (6.5 years).
BKLC vs SPY 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 6.5 years both funds cover.
BKLC vs SPY Performance
BNY Mellon US Large Cap Core Equity ETF (BKLC) is an ETF from BNY Mellon Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year BKLC returned +17.10% while SPY returned +16.96%. Year to date, BKLC is up 14.22% versus a gain of 13.82% for SPY.
Over three years, BKLC compounded at +23.81% per year against +22.97% for SPY; over five years the annualized figures are +13.98% and +13.73% respectively. Across the full 7-year window we track, BKLC has the edge at +18.93% annualized vs +18.53%.
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 15.3% for SPY. 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 SPY. 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 SPY charges 0.09%. On a $10,000 position that is $0 vs $9 annually, a gap of $9 per year that compounds over a long holding period. On income, BKLC currently yields 1.55% against 0.98% for SPY.
Holdings Overlap
95.9% of BKLC's money is in holdings SPY also owns. 97.4% of SPY's money is in holdings BKLC also owns.
Most of SPY is already inside BKLC. Owning both mostly buys the same companies twice.
413 positions in common, counted across the 495 positions we hold weights for in BKLC and 504 in SPY, against full books of 511 and 505.
What only one of them owns
Our book lists 88 positions for SPY that do not appear in our book for BKLC (2.1% of the fund), and 68 for BKLC that do not appear in SPY (3.1%).
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 SPY | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.92% | 8.01% | 0.09% |
| AAPLApple, Inc | 7.00% | 7.26% | 0.26% |
| MSFTMicrosoft Corp | 5.57% | 5.66% | 0.09% |
| AMZNAmazon.Com Inc | 3.71% | 3.79% | 0.08% |
| GOOGLAlphabet Inc,class A | 2.98% | 2.99% | 0.01% |
| AVGOBroadcom Inc | 2.49% | 2.66% | 0.17% |
| GOOGAlphabet Inc | 2.57% | 2.39% | 0.18% |
| METAMeta Platforms Inc | 2.00% | 1.93% | 0.07% |
| TSLATesla Inc | 1.71% | 1.52% | 0.19% |
| MUMicron Technology, Inc. | 1.61% | 1.60% | 0.01% |
97.4% of SPY 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 SPY?
BKLC has an expense ratio of 0.00% while SPY charges 0.09%. BKLC is the cheaper option, by $9 a year on a $10,000 investment.
Which performed better, BKLC or SPY?
Over the past year BKLC returned +17.10% vs +16.96% for SPY, so BKLC leads on 1-year performance. Over the longest common window we track (7 years), BKLC annualized +18.93% vs +18.53% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BKLC or SPY?
BKLC has been the more volatile fund at 15.8% annualized versus 15.3% for SPY. Worst drawdown: BKLC -26.1% vs SPY -24.5%.
Should I hold both BKLC and SPY?
BKLC and SPY 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 SPY?
97.4% of SPY's money is in holdings BKLC also owns. 97.4% of SPY's is in holdings BKLC also owns. They hold 413 positions in common, counted across the 495 positions we hold weights for in BKLC and 504 in SPY.
Which pays a higher dividend, BKLC or SPY?
BKLC yields 1.55% while SPY yields 0.98%, so BKLC currently pays the higher dividend yield.
Is SPY better than BKLC?
BKLC has a lower expense ratio. BKLC led over 1Y, 3Y, 5Y and the full window. 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.