BKAG vs IVV
BKAG vs IVV
BNY Mellon Core Bond ETF vs iShares Core S&P 500 ETF
Quick Verdict
BKAG has a lower expense ratio. IVV delivered stronger 1-year returns. BKAG offers more diversification with 4433 holdings.
Side-by-Side Comparison
| Metric | BKAG | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.00% | 0.03% | |
| AUM | $2.2B | $865.2B | |
| Dividend Yield | 4.22% | 1.09% | |
| Holdings | 5,305 | 508 | |
| YTD Return | -0.79% | +11.54% | |
| 1Y Return | +1.70% | +21.48% | |
| 3Y Return (annualized) | +3.74% | +20.86% | |
| 5Y Return (annualized) | -0.60% | +13.02% | |
| Volatility (annualized) | 5.8% | 15.1% | |
| Max Drawdown | -19.2% | -56.5% | |
| Fund Family | BNY Mellon Investment Management | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Apr 22, 2020 | May 15, 2000 |
BKAG vs IVV Performance
BNY Mellon Core Bond ETF (BKAG) is a ETF from BNY Mellon Investment Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BKAG returned +1.70% while IVV returned +21.48%. Year to date, BKAG is down 0.79% versus a gain of 11.54% for IVV.
Over three years, BKAG compounded at +3.74% per year against +20.86% for IVV; over five years the annualized figures are -0.60% and +13.02% respectively. Across the full 6-year window we track, IVV has the edge at +6.97% annualized vs -0.36%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 5.8% for BKAG. 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 -19.2% for BKAG and -56.5% for IVV. 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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BKAG charges 0.00% per year while IVV charges 0.03%. On a $10,000 position that is $0 vs $3 annually, a gap of $3 per year that compounds over a long holding period. On income, BKAG currently yields 4.22% against 1.09% for IVV.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, BKAG or IVV?
BKAG has an expense ratio of 0.00% while IVV charges 0.03%. BKAG is the cheaper option. On a $10,000 investment, that is $3 per year of difference.
Which performed better, BKAG or IVV?
Over the past year BKAG returned +1.70% vs +21.48% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (6 years), BKAG annualized -0.36% vs +6.97% for IVV. Past performance does not guarantee future results.
Which is riskier, BKAG or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 5.8% for BKAG. Worst drawdown: BKAG -19.2% vs IVV -56.5%.
Should I hold both BKAG and IVV?
BKAG and IVV have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BKAG and IVV?
BKAG and IVV share 2 common holdings with a 0.0% weight overlap. Combined, they hold 4936 unique securities.
Which pays a higher dividend, BKAG or IVV?
BKAG yields 4.22% while IVV yields 1.09%, so BKAG currently pays the higher dividend yield.
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