BKLC vs IQSU: Grades, Fees and Holdings Compared

BNY Mellon US Large Cap Core Equity ETF

BKLCANYSE Arca

NYLI Candriam U.S. Large Cap Equity ETF

IQSUBNYSE Arca

Overlap

57.1%by weight

Expense ratio

BKLC −0.09pt a year

BKLC0.00%IQSU0.09%

Avg volume · 30D

BKLC 76.4×the volume

BKLC643KIQSU8.42K

5Y return · a year

BKLC +1.4pt

BKLC+11.3%IQSU+9.9%

BKLC vs IQSU Performance

Nov 9, 2021 – Nov 9, 2026

+71.0%BKLC+60.7%IQSU

Expense ratio: BKLC 0.00%, better; IQSU 0.09%
Fund size: BKLC $6.75B; IQSU $328M
1Y total return: BKLC +12.5%; IQSU +16.4%, better
Yield (12M): BKLC No data; IQSU 0.92%
Holdings: BKLC 506; IQSU 268
Avg volume (30D): BKLC 643K sh, better; IQSU 8.42K sh
NAV per share: BKLC $46.90; IQSU $59.82
52W range

ETF.net Grade

Pillar letters and Scores for BKLC, IQSU, with each pillar’s weight
Pillar	BKLC	IQSU
Cost30% weight	A100Higher	A73
Mission25% weight	A100Higher	A88
Risk15% weight	C53Higher	D37
Tradability15% weight	B64Higher	C53
Holdings10% weight	B62Higher	D38
Durability5% weight	A73Higher	C50

Rank among US Large-Cap funds

How we build Categories ›

Same Category. BKLC and IQSU 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 IQSU 12th of 29 funds in the US Large-Cap Category.

Rank 1ASCHXSchwab U.S. Large-Cap ETFScore 83
Rank 2ABKLCBNY Mellon US Large Cap Core Equity ETFScore 82
Rank 3AEPSWisdomTree U.S. LargeCap FundScore 81
Rank 11BSPXVProShares S&P 500 Ex-Health Care ETFScore 64
Rank 12BIQSUNYLI Candriam U.S. Large Cap Equity ETFScore 63
Rank 13BXOEFiShares S&P 500 ex S&P 100 ETFScore 61

Our read on each fund

ETF.net Research

BKLCABNY Mellon US Large Cap Core Equity ETF

IQSUBNYLI Candriam U.S. Large Cap Equity ETF

In short

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%.

IQSU The fund that dropped "ESG" from its name in 2023 and kept the screen. Roughly 300 US large caps that score best on Candriam's criteria, weighted by market cap, for 0.09% a year.

Stated mandate

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

IQSU Seeks exposure to large-cap U.S. equities (large-cap equity ETF exposure).

Why people hold it

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.

IQSU Charges 0.09% a year, under the 0.14% typical of its large-cap peer group. Screened portfolios usually cost more than that, not less.
Best-in-class, not blacklist. The index takes top-scoring US large caps on Candriam's criteria and weights by market cap, keeping a broad core shape of about 300 stocks.newyorklifeinvestments.com
The scorer is family. New York Life built the index with Candriam, its own subsidiary, as consultant, and Solactive calculates it. No rented third-party ratings feed.newyorklifeinvestments.com newyorklifeinvestments.com 2
Live since 2019, it has tracked its index closely and distributes on a quarterly schedule.

Worth knowing

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

IQSU Thinly traded next to the category's giants, so the spread between buy and sell prices can weigh more on a round trip than the yearly fee does.
Cheap for its cohort, but plain-vanilla rivals go lower: SCHX and VV both run 0.03%.
A screen means the holdings won't mirror the whole market. The issuer notes the fund may forgo some market opportunities open to funds without these criteria.nylim.com

Full BKLC profile⁠

Full IQSU profile⁠

BKLC vs IQSU Holdings

How BKLC and IQSU differ

Overlap by weight

57.1%

Shared holdings make up 96.5% of IQSU and 57.7% of BKLC.

Level by level

Holdings253 in both57.1%
Sector11 Sectors90.2%
Asset classStocks100%
Countryby domicile99.7%

Sector

Sector weights in BKLC and IQSU, widest gap first
Sector	Gap	BKLC	IQSU
Health Care	BKLC +3.9 points	10.6%	6.7%
Consumer Discretionary	IQSU +3.7 points	9.8%	13.5%
Industrials	BKLC +2.6 points	8.0%	5.4%
Energy	BKLC +2.2 points	3.6%	1.4%
Communication	IQSU +1.9 points	9.0%	10.9%
Technology	IQSU +1.7 points	36.4%	38.1%
Materials	IQSU +0.9 points	1.8%	2.7%
Real Estate	IQSU +0.9 points	1.7%	2.6%
Utilities	BKLC +0.9 points	2.1%	1.2%
Financials	IQSU +0.7 points	12.1%	12.8%
Consumer Staples	BKLC +0.2 points	4.9%	4.7%

Country, concentration and asset class

Country by domicile

Country weights in BKLC and IQSU, widest gap first
Country	Gap	BKLC	IQSU
United States	BKLC +0.1 points	99.3%	99.2%
Switzerland	IQSU +0.1 points	0.3%	0.4%
Brazil	IQSU +0.1 points	0.1%	0.2%
China	IQSU +0.1 points	0.1%	0.2%
United Kingdom	BKLC +0.1 points	0.1%	0.0%
Mexico	Same weight	0.0%	0.0%
Ireland	Same weight	0.0%	0.0%
Italy	Same weight	0.0%	0.0%
Finland	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

BKLC37.2%
IQSU42.4%

Securities held

BKLC505
IQSU268

Asset class

BKLC: Stocks
IQSU: Stocks

Holdings

Only in BKLC252
In both253
Only in IQSU15

Only in BKLC

252 securities, 42.3% of BKLC by weight

NVIDIA Corp6.76%
Broadcom Inc2.15%
Meta Platforms Inc-Class A2.10%
Eli Lilly & Co1.78%
JPMorgan Chase & Co1.39%
Berkshire Hathaway Inc-Cl B1.26%
Exxonmobil Holdings Corp1.07%
Johnson & Johnson1.04%
Walmart Inc0.84%
AbbVie Inc0.80%
Costco Wholesale Corp0.73%
Chevron Corp0.63%
Merck & Co. Inc.0.57%
UnitedHealth Group Inc0.55%
Palantir Technologies Inc-A0.54%
General Electric0.52%
Philip Morris International0.48%
Netflix Inc0.41%
Caterpillar Inc0.40%
Rtx Corp0.40%
Wells Fargo & Co0.40%
Goldman Sachs Group Inc0.39%
Amgen Inc0.39%
Space Exploration Techn-Cl A0.38%
Linde PLC0.37%
Morgan Stanley0.33%
Oracle Corp0.32%
Citigroup Inc0.32%
Abbott Laboratories0.29%
BlackRock Inc0.28%
Arista Networks Inc0.28%
Union Pacific Corp0.27%
Pfizer Inc0.26%
Deere & Co0.26%
Conocophillips0.26%
Accenture Plc-Cl A0.25%
Danaher Corp0.23%
Uber Technologies Inc0.21%
Medtronic PLC0.21%
Eaton Corp PLC0.21%
Boeing Co/The0.20%
Lockheed Martin Corp0.20%
Chubb Ltd0.20%
Altria Group Inc0.20%
Sandisk Corp0.19%
Booking Holdings Inc0.18%
Applovin Corp-Class A0.17%
Southern Co/The0.17%
Cvs Health Corp0.17%
Duke Energy Corp0.16%

Only in IQSU

15 securities, 3.5% of IQSU by weight

Linde plc0.70%
Accenture Plc Class A0.46%
Chubb Limited0.39%
Medtronic Plc0.38%
Trane Technologies plc0.27%
Johnson Controls International plc0.25%
Royal Caribbean Group0.24%
NXP Semiconductors NV0.19%
CRH public limited company0.18%
Drey Inst Pref Gov Mm Ins0.16%
Willis Towers Watson Public Limited Company0.09%
STERIS plc0.07%
ARM Holdings PLC Sponsored ADR0.05%
Everest Group, Ltd.0.05%
Cash0.02%

Weight gaps

The 100 widest of 253 Holdings in both funds.

Holding weights in BKLC and IQSU, widest gap first
Holding	Gap	BKLC	IQSU
Apple IncAAPL	IQSU +3.47 points	7.69%	11.16%
Alphabet Inc-Cl AGOOGL	IQSU +2.00 points	2.58%	4.58%
Alphabet Inc-Cl CGOOG	IQSU +1.68 points	2.29%	3.97%
Tesla IncTSLA	IQSU +1.61 points	1.82%	3.43%
Amazon.com IncAMZN	IQSU +1.34 points	3.91%	5.25%
Advanced Micro DevicesAMD	IQSU +1.18 points	1.14%	2.32%
Micron Technology IncMU	IQSU +1.08 points	1.22%	2.30%
Visa Inc-Class A SharesV	IQSU +0.94 points	1.13%	2.07%
Mastercard Inc - AMA	IQSU +0.72 points	0.80%	1.52%
Procter & Gamble Co/ThePG	IQSU +0.55 points	0.60%	1.15%
Coca-Cola Co/TheKO	IQSU +0.54 points	0.58%	1.12%
Cisco Systems IncCSCO	IQSU +0.53 points	0.58%	1.11%
Home Depot IncHD	IQSU +0.47 points	0.54%	1.01%
Bank of America CorpBAC	IQSU +0.42 points	0.50%	0.92%
Applied Materials IncAMAT	IQSU +0.41 points	0.41%	0.82%
Lam Research CorpLRCX	IQSU +0.39 points	0.39%	0.78%
Intel CorpINTC	IQSU +0.39 points	0.40%	0.79%
Palo Alto Networks IncPANW	IQSU +0.37 points	0.40%	0.77%
Texas Instruments IncTXN	IQSU +0.37 points	0.39%	0.76%
Intl Business Machines CorpIBM	IQSU +0.32 points	0.36%	0.68%
Ge Vernova IncGEV	IQSU +0.32 points	0.32%	0.64%
Crowdstrike Holdings Inc - ACRWD	IQSU +0.31 points	0.34%	0.65%
Walt Disney Co/TheDIS	IQSU +0.29 points	0.32%	0.61%
Gilead Sciences IncGILD	IQSU +0.28 points	0.32%	0.60%
Mcdonald's CorpMCD	IQSU +0.28 points	0.31%	0.59%
Pepsico IncPEP	IQSU +0.27 points	0.31%	0.58%
Verizon Communications IncVZ	IQSU +0.28 points	0.30%	0.58%
Kla CorpKLAC	IQSU +0.27 points	0.28%	0.55%
Qualcomm IncQCOM	IQSU +0.26 points	0.28%	0.54%
Nextera Energy IncNEE	IQSU +0.26 points	0.29%	0.55%
Analog Devices IncADI	IQSU +0.26 points	0.27%	0.53%
Amphenol Corp-Cl AAPH	IQSU +0.26 points	0.28%	0.54%
American Express CoAXP	IQSU +0.25 points	0.27%	0.52%
Welltower IncWELL	IQSU +0.24 points	0.28%	0.52%
Salesforce IncCRM	IQSU +0.22 points	0.27%	0.49%
Microsoft CorpMSFT	BKLC +0.22 points	6.08%	5.86%
AT&T IncT	IQSU +0.22 points	0.23%	0.45%
Intuitive Surgical IncISRG	IQSU +0.21 points	0.25%	0.46%
Thermo Fisher Scientific IncTMO	BKLC +0.21 points	0.40%	0.19%
Schwab (Charles) CorpSCHW	IQSU +0.21 points	0.23%	0.44%
Progressive CorpPGR	IQSU +0.19 points	0.20%	0.39%
Vertex Pharmaceuticals IncVRTX	IQSU +0.18 points	0.22%	0.40%
Newmont CorpNEM	IQSU +0.19 points	0.20%	0.39%
Marvell Technology IncMRVL	IQSU +0.18 points	0.19%	0.37%
S&P Global IncSPGI	IQSU +0.18 points	0.21%	0.39%
Lowe's Cos IncLOW	IQSU +0.18 points	0.19%	0.37%
Mckesson CorpMCK	IQSU +0.18 points	0.19%	0.37%
Bristol-Myers Squibb CoBMY	IQSU +0.17 points	0.20%	0.37%
Marathon Petroleum CorpMPC	IQSU +0.17 points	0.16%	0.33%
Prologis IncPLD	IQSU +0.17 points	0.19%	0.36%
Capital One Financial CorpCOF	IQSU +0.17 points	0.19%	0.36%
Seagate Technology HoldingsSTX	IQSU +0.17 points	0.16%	0.33%
Automatic Data ProcessingADP	IQSU +0.16 points	0.19%	0.35%
Valero Energy CorpVLO	IQSU +0.17 points	0.15%	0.32%
Starbucks CorpSBUX	IQSU +0.17 points	0.18%	0.35%
Parker Hannifin CorpPH	IQSU +0.16 points	0.18%	0.34%
Cme Group IncCME	IQSU +0.16 points	0.17%	0.33%
Equinix IncEQIX	IQSU +0.15 points	0.15%	0.30%
Bank of New York Mellon CorpBNY	IQSU +0.14 points	0.16%	0.30%
Servicenow IncNOW	IQSU +0.14 points	0.16%	0.30%
Adobe IncADBE	IQSU +0.14 points	0.14%	0.28%
Marriott International -Cl AMAR	IQSU +0.14 points	0.14%	0.28%
Waste Management IncWM	IQSU +0.13 points	0.15%	0.28%
Freeport-Mcmoran IncFCX	IQSU +0.14 points	0.13%	0.27%
Corning IncGLW	IQSU +0.14 points	0.13%	0.27%
Dell Technologies -CDELL	IQSU +0.14 points	0.15%	0.29%
Marsh & Mclennan CosMRSH	IQSU +0.14 points	0.15%	0.29%
Intercontinental Exchange InICE	IQSU +0.13 points	0.15%	0.28%
Comcast Corp-Class ACMCSA	IQSU +0.13 points	0.13%	0.26%
Elevance Health IncANTM	IQSU +0.13 points	0.14%	0.27%
Stryker CorpSYK	IQSU +0.13 points	0.18%	0.31%
Snowflake IncSNOW	IQSU +0.13 points	0.15%	0.28%
Us BancorpUSB	IQSU +0.13 points	0.14%	0.27%
Intuit IncINTU	IQSU +0.13 points	0.13%	0.26%
Pnc Financial Services GroupPNC	IQSU +0.13 points	0.14%	0.27%
American Tower CorpAMT	IQSU +0.12 points	0.14%	0.26%
Mondelez International Inc-AMDLZ	IQSU +0.13 points	0.13%	0.26%
Western Digital CorpWDC	IQSU +0.13 points	0.15%	0.28%
Synopsys IncSNPS	IQSU +0.13 points	0.13%	0.26%
Travelers Cos Inc/TheTRV	IQSU +0.12 points	0.13%	0.25%
Quanta Services IncPWR	IQSU +0.12 points	0.13%	0.25%
Cadence Design Sys IncCDNS	IQSU +0.12 points	0.14%	0.26%
Motorola Solutions IncMSI	IQSU +0.12 points	0.13%	0.25%
Hilton Worldwide Holdings InHLT	IQSU +0.11 points	0.13%	0.24%
Illinois Tool WorksITW	IQSU +0.11 points	0.13%	0.24%
T-Mobile Us IncTMUS	IQSU +0.12 points	0.11%	0.23%
Colgate-Palmolive CoCL	IQSU +0.11 points	0.12%	0.23%
Sherwin-Williams Co/TheSHW	IQSU +0.11 points	0.12%	0.23%
United Parcel Service-Cl BUPS	IQSU +0.11 points	0.13%	0.24%
Fortinet IncFTNT	IQSU +0.11 points	0.11%	0.22%
Cintas CorpCTAS	IQSU +0.11 points	0.12%	0.23%
Hca Healthcare IncHCA	IQSU +0.11 points	0.11%	0.22%
Ecolab IncECL	IQSU +0.10 points	0.12%	0.22%
The Cigna GroupCI	IQSU +0.10 points	0.12%	0.22%
Moody's CorpMCO	IQSU +0.10 points	0.12%	0.22%
Target CorpTGT	IQSU +0.10 points	0.11%	0.21%
O'reilly Automotive IncORLY	IQSU +0.10 points	0.12%	0.22%
Mercadolibre IncMELI	IQSU +0.10 points	0.11%	0.21%
Hewlett Packard EnterpriseHPE	IQSU +0.10 points	0.09%	0.19%
Airbnb Inc-Class AABNB	IQSU +0.10 points	0.12%	0.22%

All 502 BKLC holdings⁠All 268 IQSU 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.

BKLC vs IQSU Cost

Overpaying IQSU vs BKLC

$1,898

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

BKLC 0.00%
$0
IQSU 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

BKLC 0.00%
IQSU 0.09%
Overpaying

Year by year

Year	BKLC	IQSU	Overpaying
10	$0	$165	$165
20	$0	$646	$646
30	$0	$1,898	$1,898

Expense ratio

0.00%BKLC, cheaper
0.09%IQSU

BKLC0.00%IQSU0.09%

0.00%1.25%

Middle half of US Large-Cap funds
Median 0.20%

BKLC cheapest of 29 funds

IQSU 7th cheapest of 29 funds

BKLC vs IQSU Dividends

Last 12 months to Nov 9, 2026

Yield (12M): BKLC No data; IQSU 0.92%
Payout (12M): BKLC No data; IQSU $0.57
Last payment: BKLC $0.13; IQSU $0.12
Ex-dividend: BKLC Oct 1, 2026; IQSU Sep 18, 2026
Paid on: BKLC Oct 6, 2026; IQSU Sep 22, 2026
Frequency: BKLC Quarterly; IQSU Quarterly

Distribution history

Per share, 2019 to 2026, same scale for both

BKLCQuarterly · 20 paymentsAll BKLC payments⁠

IQSUQuarterly · 28 paymentsAll IQSU payments⁠

BKLC vs IQSU Risk

Fall from peak · 5 years

BKLC
IQSU

Risk facts

VolatilityStd dev, 3 years: BKLC 12.7%, betterIQSU 13.9%
Return per unit of riskSharpe ratio, 3 years: BKLC 1.37, betterIQSU 1.07
Worst fallMax drawdown, 5 years: BKLC −26.2%, betterIQSU −26.8%
Market sensitivityBeta, 5 years: BKLC 1.02IQSU 1.07; Market = 1

BKLC and IQSU 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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BKLC vs IQSU

In short

Stated mandate

Why people hold it

Worth knowing

How BKLC and IQSU differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BKLC

Only in IQSU

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 BKLC and IQSU differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BKLC

Only in IQSU

Weight gaps