BKMC vs SPY
BNY Mellon US Mid Cap Core Equity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, BKMC or SPY?
Mid Cap Blend against Large Cap Blend.
BKMC has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90. BKMC is less concentrated, with 5.2% 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 | BKMC | SPY |
|---|---|---|
| Expense Ratio | 0.04%Best | 0.09% |
| AUM | $648M | $804.7B |
| Dividend Yield | 2.03% | 0.98% |
| Holdings | 405 | 505 |
| YTD Return | +7.70% | +10.96%Best |
| 1Y Return | +10.06% | +15.52%Best |
| 3Y Return (annualized) | +14.38% | +20.73%Best |
| 5Y Return (annualized) | +6.81% | +12.53%Best |
| Volatility (annualized) | 17.1% | 15.3%Best |
| Max Drawdown | -25.0% | -24.5%Best |
| $10,000 over 5 years | $13,901 | $18,044Best |
| Top 10 Weight | 5.2%Best | 37.8% |
| Fund Family | BNY Mellon Investment Management | State Street Investment Management |
| Category | Equity | Equity |
| Style | Mid 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 16, 2026 (6.4 years).
BKMC 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 6.4 years both funds cover.
BKMC vs SPY Performance
BNY Mellon US Mid Cap Core Equity ETF (BKMC) 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 BKMC returned +10.06% while SPY returned +15.52%. Year to date, BKMC is up 7.70% versus a gain of 10.96% for SPY.
Over three years, BKMC compounded at +14.38% per year against +20.73% for SPY; over five years the annualized figures are +6.81% and +12.53% respectively. Across the full 6-year window we track, SPY has the edge at +18.11% annualized vs +14.45%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BKMC has been the more volatile fund, with annualized monthly volatility of 17.1% 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 -25.0% for BKMC 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BKMC charges 0.04% per year while SPY charges 0.09%. On a $10,000 position that is $4 vs $9 annually, a gap of $5 per year that compounds over a long holding period. On income, BKMC currently yields 2.03% against 0.98% for SPY.
Holdings Overlap
23.2% of BKMC's money is in holdings SPY also owns. 1.4% of SPY's money is in holdings BKMC also owns.
BKMC and SPY share little of their money.
76 positions in common, counted across the 402 positions we hold weights for in BKMC and 504 in SPY, against full books of 405 and 505.
What only one of them owns
Our book lists 421 positions for SPY that do not appear in our book for BKMC (97.9% of the fund), and 309 for BKMC that do not appear in SPY (72.8%).
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 BKMC | Weight in SPY | Difference |
|---|---|---|---|
| CFCf Industries Holdings Inc. | 0.52% | 0.03% | 0.49% |
| VTRSViatris Inc. | 0.50% | 0.03% | 0.47% |
| SNASnap-On Inc. | 0.49% | 0.03% | 0.46% |
| CHRWCH Robinson Worldwide | 0.43% | 0.03% | 0.40% |
| PTCPtc Inc | 0.43% | 0.03% | 0.40% |
| BALLBall Corp | 0.43% | 0.03% | 0.40% |
| LDOSLeidos Holdings, Inc. | 0.42% | 0.03% | 0.39% |
| NDSNNordson Corp | 0.42% | 0.03% | 0.39% |
| GENGen Digital Inc | 0.42% | 0.03% | 0.39% |
| ZBRAZebra Technologies Corp | 0.42% | 0.02% | 0.40% |
23.2% of BKMC is already inside SPY.
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, BKMC or SPY?
BKMC has an expense ratio of 0.04% while SPY charges 0.09%. BKMC is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, BKMC or SPY?
Over the past year BKMC returned +10.06% vs +15.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (6 years), BKMC annualized +14.45% vs +18.11% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BKMC or SPY?
BKMC has been the more volatile fund at 17.1% annualized versus 15.3% for SPY. Worst drawdown: BKMC -25.0% vs SPY -24.5%.
Should I hold both BKMC and SPY?
BKMC and SPY have a monthly-return correlation of 0.90, 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 BKMC and SPY?
23.2% of BKMC's money is in holdings SPY also owns. 1.4% of SPY's is in holdings BKMC also owns. They hold 76 positions in common, counted across the 402 positions we hold weights for in BKMC and 504 in SPY.
Which pays a higher dividend, BKMC or SPY?
BKMC yields 2.03% while SPY yields 0.98%, so BKMC currently pays the higher dividend yield.
Is SPY better than BKMC?
BKMC has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90. BKMC is less concentrated, with 5.2% 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.