BKMC vs SCHD
BNY Mellon US Mid Cap Core Equity ETF vs Schwab US Dividend Equity ETF
Quick Verdict
BKMC has a lower expense ratio. SCHD delivered stronger 1-year returns. BKMC offers more diversification with 401 holdings.
Side-by-Side Comparison
| Metric | BKMC | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.04% | 0.06% | |
| AUM | $655M | $103.7B | |
| Dividend Yield | 0.45% | 3.31% | |
| Holdings | 403 | 104 | |
| YTD Return | -62.10% | +25.33% | |
| 1Y Return | -58.98% | +32.31% | |
| 3Y Return (annualized) | -19.96% | +15.40% | |
| 5Y Return (annualized) | -13.21% | +9.70% | |
| Volatility (annualized) | 32.3% | 13.6% | |
| Max Drawdown | -67.7% | -33.4% | |
| Fund Family | BNY Mellon Investment Management | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Apr 7, 2020 | Oct 20, 2011 |
BKMC vs SCHD Performance
BNY Mellon US Mid Cap Core Equity ETF (BKMC) is a ETF from BNY Mellon Investment Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year BKMC returned -58.98% while SCHD returned +32.31%. Year to date, BKMC is down 62.10% versus a gain of 25.33% for SCHD.
Over three years, BKMC compounded at -19.96% per year against +15.40% for SCHD; over five years the annualized figures are -13.21% and +9.70% respectively. Across the full 6-year window we track, SCHD has the edge at +11.45% annualized vs -2.74%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BKMC has been the more volatile fund, with annualized monthly volatility of 32.3% compared with 13.6% 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 -67.7% for BKMC and -33.4% for SCHD. 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 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BKMC charges 0.04% per year while SCHD charges 0.06%. On a $10,000 position that is $4 vs $6 annually, a gap of $2 per year that compounds over a long holding period. On income, BKMC currently yields 0.45% against 3.31% for SCHD.
Holdings Overlap
BKMC and SCHD share 15 holdings out of 486 unique holdings combined, representing a 3.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BKMC or SCHD?
BKMC has an expense ratio of 0.04% while SCHD charges 0.06%. BKMC is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, BKMC or SCHD?
Over the past year BKMC returned -58.98% vs +32.31% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), BKMC annualized -2.74% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, BKMC or SCHD?
BKMC has been the more volatile fund at 32.3% annualized versus 13.6% for SCHD. Worst drawdown: BKMC -67.7% vs SCHD -33.4%.
Should I hold both BKMC and SCHD?
BKMC and SCHD have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BKMC and SCHD?
BKMC and SCHD share 15 common holdings with a 3.6% weight overlap. Combined, they hold 486 unique securities.
Which pays a higher dividend, BKMC or SCHD?
BKMC yields 0.45% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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