BKMC vs QQQ
BNY Mellon US Mid Cap Core Equity ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
BKMC has a lower expense ratio. QQQ delivered stronger 1-year returns. BKMC offers more diversification with 410 holdings.
Side-by-Side Comparison
| Metric | BKMC | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.04% | 0.18% | |
| AUM | $676M | $496.3B | |
| Dividend Yield | 2.05% | 0.44% | |
| Holdings | 410 | 108 | |
| YTD Return | -62.34% | +16.23% | |
| 1Y Return | -60.10% | +26.23% | |
| 3Y Return (annualized) | -19.40% | +25.75% | |
| 5Y Return (annualized) | -13.14% | +14.78% | |
| Volatility (annualized) | 32.2% | 30.6% | |
| Max Drawdown | -67.7% | -83.0% | |
| Fund Family | BNY Mellon Investment Management | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Apr 7, 2020 | Mar 10, 1999 |
BKMC vs QQQ Performance
BNY Mellon US Mid Cap Core Equity ETF (BKMC) is a ETF from BNY Mellon Investment Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BKMC returned -60.10% while QQQ returned +26.23%. Year to date, BKMC is down 62.34% versus a gain of 16.23% for QQQ.
Over three years, BKMC compounded at -19.40% per year against +25.75% for QQQ; over five years the annualized figures are -13.14% and +14.78% respectively. Across the full 6-year window we track, QQQ has the edge at +13.02% annualized vs -2.82%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BKMC has been the more volatile fund, with annualized monthly volatility of 32.2% compared with 30.6% for QQQ. 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 -67.7% for BKMC and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.54. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BKMC charges 0.04% per year while QQQ charges 0.18%. On a $10,000 position that is $4 vs $18 annually, a gap of $14 per year that compounds over a long holding period. On income, BKMC currently yields 2.05% against 0.44% for QQQ.
Holdings Overlap
BKMC and QQQ share 0 holdings out of 503 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BKMC or QQQ?
BKMC has an expense ratio of 0.04% while QQQ charges 0.18%. BKMC is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, BKMC or QQQ?
Over the past year BKMC returned -60.10% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (6 years), BKMC annualized -2.82% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, BKMC or QQQ?
BKMC has been the more volatile fund at 32.2% annualized versus 30.6% for QQQ. Worst drawdown: BKMC -67.7% vs QQQ -83.0%.
Should I hold both BKMC and QQQ?
BKMC and QQQ have a monthly-return correlation of 0.54, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BKMC and QQQ?
BKMC and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 503 unique securities.
Which pays a higher dividend, BKMC or QQQ?
BKMC yields 2.05% while QQQ yields 0.44%, so BKMC currently pays the higher dividend yield.
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