BKAG vs FCBD: Grades, Fees and Holdings Compared

BNY Mellon Core Bond ETF

BKAGANYSE Arca

Frontier Asset Core Bond ETF

FCBDCNYSE Arca

Overlap

0.2%by weight

Expense ratio

BKAG −0.84pt a year

BKAG0.00%FCBD0.84%

Avg volume · 30D

BKAG 173.9×the volume

BKAG531KFCBD3.06K

BKAG vs FCBD Performance

Oct 31, 2025 – Oct 30, 2026

−0.2%BKAG+0.8%FCBD

Expense ratio: BKAG 0.00%, better; FCBD 0.84%
Fund size: BKAG $1.47B; FCBD $40M
1Y total return: BKAG −0.2%; FCBD +0.8%, better
Yield (12M): BKAG 4.56%, better; FCBD 4.09%
Holdings: BKAG 4062; FCBD 8
Avg volume (30D): BKAG 531K sh, better; FCBD 3.06K sh
NAV per share: BKAG $40.78; FCBD $24.93
52W range

ETF.net Grade

Pillar letters and Scores for BKAG, FCBD, with each pillar’s weight
Pillar	BKAG	FCBD
Cost30% weight	A97Higher	F4
Mission25% weight	A100Higher	A84
Risk15% weight	C47	B64Higher
Tradability15% weight	A78Higher	C41
Holdings10% weight	A76Higher	D33
Durability5% weight	B67Higher	F15

Rank among US Aggregate Bond funds

How we build Categories ›

Same Category. BKAG and FCBD are both graded against the same 114 US Aggregate Bond funds, so their Grades compare head to head.

US Aggregate Bond⁠

Category · 114 funds

See all 114 ›

BKAG ranks 6th and FCBD 93rd of 114 funds in the US Aggregate Bond Category.

Rank 5ABNDVanguard Total Bond Market ETFScore 85
Rank 6ABKAGBNY Mellon Core Bond ETFScore 83
Rank 7AIAGGiShares Core International Aggregate Bond ETFScore 81
Rank 93CDMXDoubleLine Multi-Sector Income ETFScore 42
Rank 93CFCBDFrontier Asset Core Bond ETFScore 42
Rank 93CLDSFFirst Trust Low Duration Strategic Focus ETFScore 42

Our read on each fund

ETF.net Research

BKAGABNY Mellon Core Bond ETF

FCBDCFrontier Asset Core Bond ETF

In short

BKAG A core bond index fund that charges nothing. BKAG tracks the same Bloomberg US Aggregate benchmark the giants track, at a 0.00% expense ratio, and has been doing it since 2020.

FCBD No data

Stated mandate

BKAG The fund seeks to track the Bloomberg US Aggregate Total Return Index.

FCBD No data

Why people hold it

BKAG A 0.00% expense ratio. The median fund in the core bond group charges 0.36%, and even the cheap giants (BND, SPAB, SCHZ) charge 0.03%.
Tracks the Bloomberg US Aggregate Total Return Index tightly, one of the closest index-following records in its peer group.
Broad by design: roughly 4,000 bonds in the portfolio, with distributions paid monthly rather than quarterly.
A multi-billion-dollar fund from BNY Mellon, wrapped in a standard 1940 Act ETF structure with no exotic mechanics.

FCBD No data

Worth knowing

BKAG Rate risk is the trade-off. This is full-market bond exposure, and bond prices move opposite interest rates. Volatility is the weakest part of its profile.
Moderately traded, not one of the volume monsters in the category. Spreads and limit orders matter more here than with the largest core bond names.
At zero, the fee edge over 0.03% rivals is real but small in dollar terms, so tracking and trading costs do more of the work.

FCBD No data

Full BKAG profile⁠

Full FCBD profile⁠

BKAG vs FCBD Holdings

How BKAG and FCBD differ

Overlap by weight

0.2%

Shared holdings make up 1.3% of FCBD and 0.2% of BKAG.

Level by level

Asset classFixed Income, Equity0.0%
Holdings0 in both0.2%
Countryby domicile94.5%

Sector

No Sector split for BKAG.

Country, concentration and asset class

Country by domicile

Country weights in BKAG and FCBD, widest gap first
Country	More in BKAGMore in FCBD	BKAG	FCBD
United States	FCBD +5.5 points	94.5%	100.0%
Canada	BKAG +1.1 points	1.1%	0.0%
United Kingdom	BKAG +0.7 points	0.7%	0.0%
Japan	BKAG +0.6 points	0.6%	0.0%
Other countries (23)	BKAG +3.1 points	3.1%	0.0%

Concentration

Weight in the 10 largest Holdings

BKAG6.9%
FCBD100.0%

Securities held

BKAG4,061
FCBD7

Asset class

BKAG: Fixed Income
FCBD: Equity

Holdings

Only in BKAG4,061
In both0
Only in FCBD7

Only in BKAG

4,061 securities, 100% of BKAG by weight

Dreyfus Institutional Preferred Government Money M1.76%
Us Treasury N/B 4.25 11/15/20340.80%
Us Treasury N/B 4.625 2/15/20350.61%
Us Treasury N/B 4.375 5/15/20360.58%
Us Treasury N/B 4 11/15/20350.57%
Us Treasury N/B 3.625 12/31/20300.55%
Us Treasury N/B 4.125 11/15/20320.53%
Us Treasury N/B 3.875 8/15/20340.52%
Us Treasury N/B 1.75 1/31/20290.51%
Us Treasury N/B 2.375 3/31/20290.49%
Us Treasury N/B 0.875 11/15/20300.45%
Us Treasury N/B 1 7/31/20280.45%
Us Treasury N/B 3.75 12/31/20280.43%
Us Treasury N/B 3.375 12/31/20270.42%
Us Treasury N/B 3.5 4/30/20300.41%
Us Treasury N/B 3.875 7/15/20280.41%
Us Treasury N/B 2.875 8/15/20280.41%
Us Treasury N/B 4 5/31/20300.40%
Us Treasury N/B 3.375 5/15/20330.40%
Us Treasury N/B 4.25 8/15/20350.40%
Us Treasury N/B 0.625 12/31/20270.39%
Us Treasury N/B 3.75 1/31/20310.39%
Us Treasury N/B 3.625 10/31/20300.39%
Us Treasury N/B 4.125 6/30/20310.39%
Us Treasury N/B 2.75 8/15/20320.38%
Us Treasury N/B 3.875 4/30/20310.38%
Us Treasury N/B 3.5 1/31/20280.37%
Us Treasury N/B 4.25 8/15/20290.37%
Us Treasury N/B 2.875 5/15/20320.37%
Us Treasury N/B 1.625 5/15/20310.36%
Us Treasury N/B 4.75 5/15/20550.35%
Us Treasury N/B 0.625 8/15/20300.35%
Us Treasury N/B 3.75 6/30/20300.35%
Us Treasury N/B 3.875 6/30/20300.35%
Us Treasury N/B 3.5 1/15/20290.34%
Us Treasury N/B 4.375 5/15/20340.34%
Us Treasury N/B 4.25 7/31/20280.33%
Us Treasury N/B 4.25 1/15/20280.33%
Us Treasury N/B 3.375 2/29/20280.33%
Us Treasury N/B 4.5 11/15/20540.33%
Us Treasury N/B 4.125 5/31/20310.32%
Us Treasury N/B 4 7/31/20290.32%
Us Treasury N/B 4 5/31/20280.31%
Us Treasury N/B 3.5 2/15/20330.31%
Us Treasury N/B 4.625 4/30/20290.31%
Us Treasury N/B 3.875 4/15/20290.31%
Us Treasury N/B 3.75 4/30/20280.31%
Us Treasury N/B 3.875 4/30/20300.31%
Us Treasury N/B 4.125 6/30/20280.30%
Us Treasury N/B 2.375 11/15/20490.30%

Only in FCBD

7 securities, 98.7% of FCBD by weight

Vanguard Intermediate-Term T24.66%
Tcw Flexible Income Etf23.91%
JPMorgan Core Plus Bond Etf18.20%
Regan Floating Rate Mbs Etf10.08%
Wisdomtree Floating Rate Tre10.06%
JPMorgan Ultra-Short Income6.54%
Ishares Investment Grade Sys5.25%

Weight gaps

BKAG and FCBD share no securities.

All 3,274 BKAG holdings⁠All FCBD 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.

BKAG vs FCBD Cost

Overpaying FCBD vs BKAG

$16,029

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

BKAG 0.00%
$0
FCBD 0.84%
$16,029

Amount$10,000

Years30 years

Cost over time

BKAG 0.00%
FCBD 0.84%
Overpaying

Year by year

Year	BKAG	FCBD	Overpaying
10	$0	$1,491	$1,491
20	$0	$5,643	$5,643
30	$0	$16,029	$16,029

Expense ratio

0.00%BKAG, cheaper
0.84%FCBD

BKAG0.00%FCBD0.84%

0.00%1.04%

Middle half of US Aggregate Bond funds
Median 0.34%

BKAG cheapest of 114 funds

FCBD 109th cheapest of 114 funds

BKAG vs FCBD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BKAG 4.56%, better; FCBD 4.09%
Payout (12M): BKAG $1.86; FCBD $1.02
Last payment: BKAG $0.24; FCBD $0.23
Ex-dividend: BKAG Oct 1, 2026; FCBD Sep 29, 2026
Paid on: BKAG Oct 6, 2026; FCBD Oct 6, 2026
Frequency: BKAG Monthly; FCBD Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

BKAGMonthly · 45 paymentsAll BKAG payments⁠

FCBDQuarterly · 8 paymentsAll FCBD payments⁠

BKAG vs FCBD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BKAG 5.6%FCBD 2.8%since Jan 2025
Return per unit of riskSharpe ratio, 3 years: BKAG 0.17FCBD −0.19since Jan 2025
Worst fallMax drawdown, 5 years: BKAG −17.4%FCBD −2.7%since Dec 2024
Market sensitivityBeta, 5 years: BKAG 1.00FCBD 0.06; Market = 1

BKAG and FCBD in the news

All news⁠

Best ETFs
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Updated Nov 2, 2026BKAG

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BKAG vs FCBD

In short

Stated mandate

Why people hold it

Worth knowing

How BKAG and FCBD differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BKAG

Only in FCBD

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Best bond ETFs for a portfolio hold the whole investment-grade market

How BKAG and FCBD differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BKAG

Only in FCBD

Weight gaps