AQLG vs BKLC: Grades, Fees and Holdings Compared

HCM Large Cap Growth ETF

AQLGDNasdaq

BNY Mellon US Large Cap Core Equity ETF

BKLCANYSE Arca

Overlap

39.8%by weight

Expense ratio

BKLC −0.65pt a year

AQLG0.65%BKLC0.00%

Avg volume · 30D

BKLC 5870.2×the volume

AQLG107BKLC628K

AQLG vs BKLC Performance

Jul 31, 2026 – Nov 2, 2026

−1.1%AQLG+1.0%BKLC

Expense ratio: AQLG 0.65%; BKLC 0.00%, better
Fund size: AQLG $76M; BKLC $6.88B
1Y total return: AQLG No data; BKLC +10.4%
Holdings: AQLG 130; BKLC 504
Avg volume (30D): AQLG 107 sh; BKLC 628K sh, better
NAV per share: AQLG $25.97; BKLC $48.23
52W range

ETF.net Grade

Pillar letters and Scores for AQLG, BKLC, with each pillar’s weight
Pillar	AQLG	BKLC
Cost30% weight	F14	A100Higher
Mission25% weight	Not scored	A100
Risk15% weight	A80Higher	C50
Tradability15% weight	F21	B65Higher
Holdings10% weight	B61	B64Higher
Durability5% weight	F15	A73Higher

Rank among US Large-Cap funds

How we build Categories ›

Same Category. AQLG and BKLC are both graded against the same 29 US Large-Cap funds, so their Grades compare head to head.

US Large-Cap⁠

Category · 29 funds

See all 29 ›

BKLC ranks 2nd and AQLG 26th of 29 funds in the US Large-Cap Category.

Rank 1ASCHXSchwab U.S. Large-Cap ETFScore 84
Rank 2ABKLCBNY Mellon US Large Cap Core Equity ETFScore 82
Rank 3AEPSWisdomTree U.S. LargeCap FundScore 80
Rank 24DSGLCSGI U.S. Large Cap Core ETFScore 36
Rank 26DAQLGHCM Large Cap Growth ETFScore 35
Rank 27DJLCOJohn Hancock Large Cap Opportunities ETFScore 31

Our read on each fund

ETF.net Research

AQLGDHCM Large Cap Growth ETF

BKLCABNY Mellon US Large Cap Core Equity ETF

In short

AQLG A young, actively run large-cap growth fund that can hold stocks or other ETFs, with an objective written around appreciation rather than tracking an index. You are paying 0.65% a year for a manager's judgment in the aisle where index plumbing costs pennies.

BKLC BNY launched BKLC in April 2020 as one of the first US stock ETFs with a 0.00% fee, no waiver, no expiration date. It still charges nothing to hold roughly 500 large US companies, while the typical fund in its peer group charges 0.14%.

Stated mandate

AQLG The Fund seeks long-term capital appreciation by investing its net assets in equity securities or ETFs of large-capitalization companies.

BKLC The fund seeks to track the performance of the Solactive GBS United States 500 Index TR.

Why people hold it

AQLG Simple mandate: long-term capital appreciation from large-cap companies, owned either as individual stocks or as ETFs. No leverage or options machinery in the objective.
That stock-or-ETF flexibility lets the manager shift large-cap exposure in blocks instead of working through dozens of single names.
The objective is framed as capital appreciation, not index replication, so what you own reflects the manager's growth calls rather than a benchmark's recipe.

BKLC The fee is zero, not 'nearly zero.' No management fee and no waiver waiting to expire, against a 0.14% median in its large-cap peer group.prnewswire.com sec.gov
Even the discount giants charge something: SCHX and VV at 0.03%, VONE at 0.06%. BKLC's expense line reads 0.00%.
Boring by design: a rules-based basket of about 500 large US stocks tracking the Solactive GBS United States 500 Index, and the tracking has been tight.
Not a novelty product. It is a multi-billion-dollar fund run by BNY, and it pays distributions quarterly.

Worth knowing

AQLG The fee is 0.65% a year against a 0.20% median for its large-cap peer group, and index options like SCHX (0.03%) or BKLC (0.00%) charge a rounding error.
It is a small, thinly traded fund, so the gap between buy and sell prices can be wide and shows up in the price you actually get.
Launched in 2026, it has no full market cycle behind it, and the mandate points at growth in share price rather than income.

BKLC Zero fee is not zero cost. You still cross the bid-ask spread, and BKLC trades at moderate volume rather than the wall-to-wall liquidity of the biggest index funds.
One country, one asset class, one size band: US large-cap stocks. No bonds, no international, no small caps.
It opened in April 2020, so its live record is shorter than large-cap index rivals that have been running for decades.prnewswire.com

Full AQLG profile⁠

Full BKLC profile⁠

AQLG vs BKLC Holdings

How AQLG and BKLC differ

Overlap by weight

39.8%

Shared holdings make up 71.4% of AQLG and 61.2% of BKLC.

Level by level

Holdings94 in both39.8%
Countryby domicile99.3%
Asset classEquity100%

Sector

No Sector split for AQLG.

Country, concentration and asset class

Country by domicile

Country weights in AQLG and BKLC, widest gap first
Country	More in AQLGMore in BKLC	AQLG	BKLC
United States	AQLG +0.1 points	99.4%	99.3%
Canada	AQLG +0.4 points	0.4%	0.0%
Switzerland	BKLC +0.3 points	0.0%	0.3%
Brazil	BKLC +0.1 points	0.0%	0.1%
China	BKLC +0.1 points	0.0%	0.1%
United Kingdom	BKLC +0.1 points	0.0%	0.1%
Mexico	BKLC +0.1 points	0.0%	0.1%
Taiwan	Same weight	0.0%	0.0%
Other countries (8)	AQLG +0.1 points	0.1%	0.0%

Concentration

Weight in the 10 largest Holdings

AQLG34.6%
BKLC36.9%

Securities held

AQLG129
BKLC503

Asset class

AQLG: Equity
BKLC: Equity

Holdings

Only in AQLG35
In both94
Only in BKLC409

Only in AQLG

35 securities, 28.0% of AQLG by weight

iShares Core S&P 500 ETF3.68%
First Horizon Corp3.10%
Plains All American Pipeline LP2.48%
Renasant Corp2.02%
Energy Transfer LP1.83%
Enterprise Products Partners LP1.71%
Mplx Lp1.26%
State Street SPDR S&P 500 ETF Trust1.23%
Qualys Inc1.22%
RTX Corp1.14%
Murphy USA Inc0.87%
United Bankshares Inc/WV0.75%
White Mountains Insurance Group Ltd0.71%
Home BancShares Inc/AR0.62%
Heritage Financial Corp/WA0.54%
Matthews International Corp0.51%
Invesco QQQ Trust Series 10.47%
Lyft Inc0.45%
Safehold Inc0.42%
Canadian Imperial Bank of Commerce0.42%
iShares Russell Mid-Cap ETF0.37%
iShares MSCI ACWI ETF0.34%
Brunswick Corp/DE0.29%
Walker & Dunlop Inc0.29%
Lumen Technologies Inc0.23%
Vanguard Morningstar Small-Cap Value ETF0.20%
Dave & Buster's Entertainment Inc0.18%
iShares Future AI & Tech ETF0.18%
American Airlines Group Inc0.17%
Western Alliance Bancorp0.14%
Intuitive Surgical Inc0.14%
MACOM Technology Solutions Holdings Inc0.02%
Roku Inc0.02%
Neurocrine Biosciences Inc0.02%
Kyndryl Holdings Inc0.01%

Only in BKLC

409 securities, 38.8% of BKLC by weight

Tesla Inc1.87%
Exxonmobil Holdings Corp1.19%
Johnson & Johnson1.01%
Chevron Corp0.67%
Cisco Systems Inc0.63%
Procter & Gamble Co/The0.58%
UnitedHealth Group Inc0.56%
Coca-Cola Co/The0.56%
Intel Corp0.43%
Rtx Corp0.41%
Amgen Inc0.38%
Linde PLC0.36%
Gilead Sciences Inc0.32%
Analog Devices Inc0.31%
Walt Disney Co/The0.30%
Verizon Communications Inc0.29%
BlackRock Inc0.28%
Mcdonald's Corp0.27%
American Express Co0.27%
Qualcomm Inc0.27%
Nextera Energy Inc0.26%
Sandisk Corp0.26%
Deere & Co0.26%
Welltower Inc0.25%
Accenture Plc-Cl A0.24%
Tjx Companies Inc0.23%
Intuitive Surgical Inc0.23%
AT&T Inc0.23%
Lockheed Martin Corp0.23%
Schwab (Charles) Corp0.22%
Danaher Corp0.22%
Vertex Pharmaceuticals Inc0.22%
Progressive Corp0.21%
S&P Global Inc0.20%
Chubb Ltd0.20%
Altria Group Inc0.20%
Marathon Petroleum Corp0.20%
Capital One Financial Corp0.19%
Western Digital Corp0.19%
Medtronic PLC0.19%
Prologis Inc0.19%
Dell Technologies -C0.19%
Automatic Data Processing0.18%
Valero Energy Corp0.18%
Mckesson Corp0.18%
Cvs Health Corp0.18%
Newmont Corp0.18%
Booking Holdings Inc0.18%
Phillips 660.17%
Parker Hannifin Corp0.17%

Weight gaps

All 94 Holdings in both funds, largest gap first.

Holding weights in AQLG and BKLC, widest gap first
Holding	More in AQLGMore in BKLC	AQLG	BKLC
NVIDIA CorpNVDA	BKLC +4.54 points	2.74%	7.28%
Kinder Morgan IncKMI	AQLG +3.35 points	3.45%	0.10%
Citigroup IncC	AQLG +2.82 points	3.14%	0.32%
Microsoft CorpMSFT	BKLC +2.77 points	3.07%	5.84%
AutoZone IncAZO	AQLG +2.47 points	2.55%	0.08%
Crowdstrike Holdings IncCRWD	AQLG +2.39 points	2.77%	0.38%
AbbVie IncABBV	AQLG +2.24 points	3.04%	0.80%
Bank of America CorpBAC	AQLG +2.13 points	2.60%	0.47%
Apple IncAAPL	BKLC +1.92 points	5.61%	7.53%
Eli Lilly & CoLLY	BKLC +1.64 points	0.19%	1.83%
Alphabet IncGOOGL	AQLG +1.39 points	3.90%	2.51%
Bank of New York Mellon Corp/TheBNY	AQLG +1.35 points	1.50%	0.15%
Advanced Micro Devices IncAMD	BKLC +1.18 points	0.07%	1.25%
Meta Platforms IncMETA	BKLC +1.15 points	0.91%	2.06%
Pfizer IncPFE	AQLG +0.98 points	1.24%	0.26%
Bristol-Myers Squibb CoBMY	AQLG +0.93 points	1.13%	0.20%
Amazon.com IncAMZN	BKLC +0.88 points	2.65%	3.53%
Arthur J Gallagher & CoAJG	AQLG +0.81 points	0.91%	0.10%
Alphabet IncGOOG	BKLC +0.74 points	1.42%	2.16%
FedEx CorpFDX	AQLG +0.67 points	0.78%	0.11%
Micron Technology IncMU	AQLG +0.65 points	2.18%	1.53%
Mondelez International IncMDLZ	AQLG +0.63 points	0.76%	0.13%
JPMorgan Chase & Co.JPM	AQLG +0.62 points	1.99%	1.37%
Goldman Sachs Group Inc/TheGS	AQLG +0.61 points	1.01%	0.40%
ONEOK IncOKE	AQLG +0.58 points	0.68%	0.10%
Walmart IncWMT	BKLC +0.59 points	0.23%	0.82%
US BancorpUSB	AQLG +0.54 points	0.68%	0.14%
Broadcom IncAVGO	AQLG +0.52 points	2.84%	2.32%
O'Reilly Automotive IncORLY	AQLG +0.50 points	0.61%	0.11%
Aon PLCAON	AQLG +0.49 points	0.58%	0.09%
Home Depot Inc/TheHD	BKLC +0.48 points	0.01%	0.49%
Wells Fargo & CoWFC	AQLG +0.48 points	0.87%	0.39%
Thermo Fisher Scientific IncTMO	AQLG +0.45 points	0.84%	0.39%
Cloudflare IncNET	AQLG +0.44 points	0.58%	0.14%
Applied Materials IncAMAT	BKLC +0.44 points	0.03%	0.47%
Ge AerospaceGE	BKLC +0.44 points	0.04%	0.48%
Berkshire Hathaway IncBRK.B	BKLC +0.42 points	0.74%	1.16%
Lowe's Cos IncLOW	AQLG +0.40 points	0.58%	0.18%
Lam Research CorpLRCX	BKLC +0.40 points	0.06%	0.46%
Texas Instruments IncTXN	BKLC +0.37 points	0.04%	0.41%
Everpure IncP	AQLG +0.36 points	0.42%	0.06%
Carrier Global CorpCARR	AQLG +0.36 points	0.42%	0.06%
Uber Technologies IncUBER	AQLG +0.35 points	0.55%	0.20%
Netflix IncNFLX	BKLC +0.32 points	0.08%	0.40%
Palo Alto Networks IncPANW	AQLG +0.28 points	0.73%	0.45%
Kla CorpKLAC	BKLC +0.28 points	0.04%	0.32%
GE Vernova IncGEV	BKLC +0.26 points	0.09%	0.35%
Marvell Technology IncMRVL	BKLC +0.24 points	0.02%	0.26%
PepsiCo IncPEP	BKLC +0.24 points	0.04%	0.28%
Oracle CorpORCL	BKLC +0.24 points	0.10%	0.34%
Arista Networks IncANET	AQLG +0.23 points	0.50%	0.27%
Williams Cos Inc/TheWMB	AQLG +0.23 points	0.37%	0.14%
Caterpillar IncCAT	BKLC +0.22 points	0.21%	0.43%
Delta Air Lines IncDAL	AQLG +0.22 points	0.29%	0.07%
Marriott International Inc/MDMAR	AQLG +0.21 points	0.35%	0.14%
Amphenol CorpAPH	BKLC +0.18 points	0.11%	0.29%
Visa IncV	AQLG +0.15 points	1.20%	1.05%
Salesforce IncCRM	BKLC +0.15 points	0.13%	0.28%
ServiceNow IncNOW	AQLG +0.14 points	0.31%	0.17%
Morgan StanleyMS	BKLC +0.14 points	0.20%	0.34%
Adobe IncADBE	BKLC +0.13 points	0.02%	0.15%
Mastercard IncMA	BKLC +0.13 points	0.64%	0.77%
Philip Morris International IncPM	BKLC +0.12 points	0.38%	0.50%
Seagate Technology Holdings PLCSTX	AQLG +0.12 points	0.34%	0.22%
Union Pacific CorpUNP	BKLC +0.11 points	0.17%	0.28%
Vertiv Holdings CoVRT	BKLC +0.10 points	0.02%	0.12%
Cigna Group/TheCI	BKLC +0.10 points	0.02%	0.12%
Datadog IncDDOG	BKLC +0.10 points	0.02%	0.12%
Astera Labs IncALAB	AQLG +0.08 points	0.13%	0.05%
Coupang IncCPNG	AQLG +0.07 points	0.10%	0.03%
Palantir Technologies IncPLTR	BKLC +0.07 points	0.53%	0.60%
Royal Caribbean Cruises LtdRCL	AQLG +0.06 points	0.17%	0.11%
Ulta Beauty IncULTA	AQLG +0.05 points	0.09%	0.04%
Motorola Solutions IncMSI	AQLG +0.05 points	0.18%	0.13%
Paychex IncPAYX	BKLC +0.05 points	0.01%	0.06%
Boeing Co/TheBA	BKLC +0.04 points	0.16%	0.20%
Comfort Systems USA IncFIX	BKLC +0.05 points	0.02%	0.07%
International Business Machines CorpIBM	BKLC +0.03 points	0.34%	0.37%
ConocoPhillipsCOP	BKLC +0.03 points	0.26%	0.29%
Eaton Corp PLCETN	AQLG +0.03 points	0.25%	0.22%
Starbucks CorpSBUX	AQLG +0.03 points	0.21%	0.18%
Okta IncOKTA	AQLG +0.03 points	0.08%	0.05%
Take-Two Interactive Software IncTTWO	BKLC +0.02 points	0.03%	0.05%
Public StoragePSA	AQLG +0.02 points	0.10%	0.08%
EMCOR Group IncEME	BKLC +0.02 points	0.03%	0.05%
Lumentum Holdings IncLITE	BKLC +0.02 points	0.07%	0.09%
Atlassian CorpTEAM	AQLG +0.02 points	0.07%	0.05%
Zoetis IncZTS	AQLG +0.02 points	0.07%	0.05%
Abbott LaboratoriesABT	AQLG +0.01 points	0.30%	0.29%
FTAI Aviation LtdFTAI	BKLC +0.01 points	0.02%	0.03%
AppLovin CorpAPP	AQLG +0.01 points	0.10%	0.09%
Costco Wholesale CorpCOST	BKLC +0.01 points	0.68%	0.69%
MasTec IncMTZ	Same weight	0.02%	0.02%
Merck & Co IncMRK	AQLG +0.01 points	0.57%	0.56%

All AQLG holdings⁠All 502 BKLC holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AQLG vs BKLC Cost

Overpaying AQLG vs BKLC

$12,717

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

AQLG 0.65%
$12,717
BKLC 0.00%
$0

Amount$10,000

Years30 years

Cost over time

AQLG 0.65%
BKLC 0.00%
Overpaying

Year by year

Year	AQLG	BKLC	Overpaying
10	$1,163	$0	$1,163
20	$4,440	$0	$4,440
30	$12,717	$0	$12,717

Expense ratio

0.65%AQLG
0.00%BKLC, cheaper

BKLC0.00%AQLG0.65%

0.00%1.25%

Middle half of US Large-Cap funds
Median 0.20%

BKLC cheapest of 29 funds

AQLG 25th cheapest of 29 funds

AQLG vs BKLC Dividends

Last 12 months to Nov 2, 2026

Payout (12M): AQLG None; BKLC No data
Last payment: AQLG No data; BKLC $0.13
Ex-dividend: AQLG No data; BKLC Oct 1, 2026
Paid on: AQLG No data; BKLC Oct 6, 2026
Frequency: AQLG No data; BKLC Quarterly

Distribution history

Per share, 2020 to 2026, same scale for both

AQLGAll AQLG payments⁠

No distribution history available.

BKLCQuarterly · 20 paymentsAll BKLC payments⁠

AQLG vs BKLC Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AQLG No dataBKLC 12.7%
Return per unit of riskSharpe ratio, 3 years: AQLG No dataBKLC 1.37
Worst fallMax drawdown, 5 years: AQLG No dataBKLC −26.2%
Market sensitivityBeta, 5 years: AQLG 0.58BKLC 1.02; Market = 1

AQLG and BKLC in the news

All news⁠

Best ETFs
The best S&P 500 ETF costs 0.02%. Equal weight is a different bet
Updated Nov 2, 2026BKLC

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AQLG vs BKLC

In short

Stated mandate

Why people hold it

Worth knowing

How AQLG and BKLC differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in AQLG

Only in BKLC

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

The best S&P 500 ETF costs 0.02%. Equal weight is a different bet

How AQLG and BKLC differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in AQLG

Only in BKLC

Weight gaps