BKIE vs IDEV

BKIEABNY Mellon International Equity ETF

IDEVAiShares Core MSCI International Developed Markets ETF

In short

BKIE BNY Mellon's low-cost swing at the international index giants: roughly 1,000 large-cap stocks from developed markets outside the US at 0.04% a year, tracking a Morningstar benchmark instead of the MSCI and FTSE indexes its biggest rivals follow.

IDEV One ticker for the developed world outside America, top to bottom: roughly 2,300 large, mid and small caps for four basis points. iShares built this as a Core building block and priced it like one.

Stated mandate

BKIE The fund seeks to track the performance of the Morningstar® Developed Markets ex-US Large Cap Index.

IDEV The fund seeks to track an index of large-, mid-, and small-cap equities from developed markets outside the United States.

Why people hold it

• BKIE Charges 0.04% a year, well under the typical fee in its developed-international peer group, and level with the cheapest core options from iShares, Vanguard and Schwab.
• Tracks its index about as tightly as anything in the category. The mandate is plain: match the Morningstar Developed Markets ex-US Large Cap Index, nothing else.
• About 1,000 large-cap names across developed markets outside the US in one ticker, with quarterly distributions.
• A multi-billion-dollar fund that stands in the upper half of a 26-fund developed-international cohort stacked with the industry's biggest index names.

• IDEV Charges 0.04% a year while the typical developed-markets core fund charges 0.18%. That is roughly a fifth of the usual freight.
• Goes all-cap, not just blue chips: roughly 2,300 large, mid and small companies from developed markets outside the US, so the small end is not left on the cutting room floor.ishares.com
• A plain index wrapper on the MSCI World ex USA IMI Index. No tilts, no manager discretion, and it has run that same mandate since 2017.
• Multi-billion-dollar fund that trades actively, and one of the stronger implementations in a crowded developed-markets core group.

Worth knowing

• BKIE Only moderately traded next to category heavyweights like VEA and SCHF, so spreads can be wider. Limit orders are the standard tool here.
• Launched in 2020, so the track record is shorter than the decades-old funds it competes with.
• Developed markets only. No US stocks, no emerging markets, no small caps. It is one slice of a portfolio, not the whole thing.

• IDEV VEA, SPDW and SCHF each run a basis point cheaper. Pennies on most balances, but IDEV is not the absolute cost floor of the group.
• Distributions come annually or semiannually rather than monthly, so cash arrives in lumps.
• Every holding is priced in a foreign currency, so moves in the dollar show up in your returns alongside the stocks themselves.

Full BKIE profile⁠

Full IDEV profile⁠