BKLC vs SCHX: Grades, Fees and Holdings Compared

BNY Mellon US Large Cap Core Equity ETF

BKLCANYSE Arca

Schwab U.S. Large-Cap ETF

SCHXANYSE Arca

Overlap

93.6%by weight

Expense ratio

BKLC −0.03pt a year

BKLC0.00%SCHX0.03%

Avg volume · 30D

SCHX 15.8×the volume

BKLC628KSCHX9.93M

5Y return · a year

BKLC +0.4pt

BKLC+11.8%SCHX+11.4%

BKLC vs SCHX Performance

Oct 29, 2021 – Oct 30, 2026

+74.7%BKLC+71.6%SCHX

Expense ratio: BKLC 0.00%, better; SCHX 0.03%
Fund size: BKLC $6.88B; SCHX $73.2B
1Y total return: BKLC +11.2%; SCHX +11.5%, better
Yield (12M): BKLC No data; SCHX 1.05%
Holdings: BKLC 504; SCHX 753
Avg volume (30D): BKLC 628K sh; SCHX 9.93M sh, better
NAV per share: BKLC $48.23; SCHX $29.72
52W range

ETF.net Grade

Pillar letters and Scores for BKLC, SCHX, with each pillar’s weight
Pillar	BKLC	SCHX
Cost30% weight	A100Higher	A91
Mission25% weight	A100Higher	A99
Risk15% weight	C53Higher	C48
Tradability15% weight	B66	A88Higher
Holdings10% weight	B61	A70Higher
Durability5% weight	A73	A89Higher

Rank among US Large-Cap funds

How we build Categories ›

Same Category. BKLC and SCHX 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 ›

SCHX ranks 1st and BKLC 2nd 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 80

Our read on each fund

ETF.net Research

BKLCABNY Mellon US Large Cap Core Equity ETF

SCHXASchwab U.S. Large-Cap 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%.

SCHX Schwab's no-frills large-cap core: roughly 800 US big names for three basis points, running since 2009. One of the cheapest tickets in a crowded category, and it hugs its index tightly.

Stated mandate

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

SCHX The fund seeks to track, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index.

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.

SCHX 0.03% a year, well under the typical US large-cap fund's fee. That is the kind of cost floor only the biggest fund shops can hold.
About 800 stocks tracking the Dow Jones U.S. Large-Cap Total Stock Market Index before fees. No themes, no screens, no manager hunches.schwabassetmanagement.com
Tracking has been among the tightest in its peer group: the fund delivers its index with very little slippage.
Live since 2009 and now a multi-billion-dollar fund that trades heavily, so spreads stay thin and the lights are unlikely to go out.

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

SCHX Large caps only, despite the index name. Mid and small caps live in a separate fund, so this is one slice of the market, not all of it.
Three basis points is cheap, not free: BKLC in the same peer group runs at zero.
Dividends land quarterly, not monthly, which matters if you're building an income schedule.

Full BKLC profile⁠

Full SCHX profile⁠

BKLC vs SCHX Holdings

How BKLC and SCHX differ

Overlap by weight

93.6%

Shared holdings make up 98.9% of BKLC and 94.9% of SCHX.

Level by level

Holdings477 in both93.6%
Sector11 Sectors97.0%
Asset classEquity100%
Countryby domicile99.8%

Sector

Sector weights in BKLC and SCHX, widest gap first
Sector	More in BKLCMore in SCHX	BKLC	SCHX
Communication	BKLC +1.6 points	10.1%	8.5%
Technology	BKLC +1.4 points	40.2%	38.8%
Financials	SCHX +0.8 points	10.9%	11.7%
Health Care	SCHX +0.4 points	9.4%	9.8%
Energy	SCHX +0.3 points	3.5%	3.8%
Real Estate	SCHX +0.4 points	1.5%	1.9%
Consumer Staples	SCHX +0.4 points	4.2%	4.6%
Materials	SCHX +0.3 points	1.7%	2.0%
Industrials	SCHX +0.3 points	7.8%	8.1%
Utilities	SCHX +0.2 points	1.8%	2.0%
Consumer Discretionary	SCHX +0.1 points	8.8%	8.9%

Country, concentration and asset class

Country by domicile

Country weights in BKLC and SCHX, widest gap first
Country	More in BKLCMore in SCHX	BKLC	SCHX
United States	SCHX +0.2 points	99.3%	99.5%
Switzerland	Same weight	0.3%	0.3%
Brazil	BKLC +0.1 points	0.1%	0.0%
China	Same weight	0.1%	0.1%
United Kingdom	Same weight	0.1%	0.1%
Mexico	Same weight	0.1%	0.1%
Ireland	Same weight	0.0%	0.0%
Finland	Same weight	0.0%	0.0%
Sweden	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

BKLC36.9%
SCHX35.3%

Securities held

BKLC503
SCHX753

Asset class

BKLC: Equity
SCHX: Equity

Holdings

Only in BKLC26
In both477
Only in SCHX276

Only in BKLC

26 securities, 1.1% of BKLC by weight

Elevance Health Inc0.14%
Trane Technologies PLC0.14%
Mercadolibre Inc0.12%
Becton Dickinson and Co0.08%
Vivmark Residential0.07%
Block Inc0.07%
Anglogold Ashanti PLC0.06%
Dreyfus Institutional Preferred Government Money M0.04%
Amrize Ltd0.04%
Aercap Holdings NV0.04%
Net Current Assets0.04%
Steris PLC0.03%
Southern Copper Corp0.03%
Fiserv Inc0.03%
Lennar Corp - B Shs0.02%
Viking Holdings Ltd0.02%
Heico Corp-Class A0.02%
Bunge Global SA0.02%
Tpg Inc0.02%
Venture Global Inc-Cl A0.02%
Fox Corp - Class B0.01%
Flutter Entertainment Plc-Di0.01%
Amer Sports Inc0.01%
Globalfoundries Inc<0.01%
Warner Music Group Corp-Cl A<0.01%
Symbotic Inc<0.01%

Only in SCHX

276 securities, 5.1% of SCHX by weight

Trane Technologies PLC0.13%
Elevance Health Inc0.13%
Becton Dickinson0.08%
Honeywell Aerospace Inc0.07%
Ssc Government Mm Gvmxx0.06%
Vivmark Residential0.06%
Block Class A0.06%
Kenvue0.05%
Fiserv Inc0.04%
Guardant Health0.04%
Steris0.03%
Liberty Media Series C0.03%
Us Foods Holding0.03%
Viatris0.03%
Tenet Healthcare Corp0.03%
Rubrik Class A0.03%
Permian Resources Class A0.03%
Ptc0.03%
Amrize AG0.03%
Roku Class A0.03%
Skyworks Solutions0.03%
Td Synnex0.03%
Best Buy0.03%
Ovintiv0.03%
Nutanix Class A0.03%
Snap On Inc0.03%
Revvity0.03%
East West Bancorp0.03%
Itt Inc0.03%
Apa0.03%
Charles River Laboratories Interna0.03%
Zebra Technologies Corp Class A0.03%
Cf Industries Holdings Inc0.03%
Leidos Holdings0.03%
Wesco International0.03%
Dynatrace Inc0.03%
Host Hotels & Resorts Reit0.03%
Macom Technology Solutions0.03%
Idex0.02%
Sharkninja0.02%
Nordson0.02%
Hf Sinclair0.02%
Ball Corp0.02%
Api Group0.02%
Reinsurance Group of America0.02%
Hasbro0.02%
Rb Global0.02%
Exelixis Inc0.02%
Kimco Realty Reit Corp0.02%
Jones Lang Lasalle0.02%

Weight gaps

The 100 widest of 477 Holdings in both funds.

Holding weights in BKLC and SCHX, widest gap first
Holding	More in BKLCMore in SCHX	BKLC	SCHX
Apple IncAAPL	BKLC +0.30 points	7.53%	7.23%
Berkshire Hathaway Inc-Cl BBRK.B	SCHX +0.27 points	1.16%	1.43%
Eli Lilly & CoLLY	BKLC +0.27 points	1.83%	1.56%
Tesla IncTSLA	BKLC +0.25 points	1.87%	1.62%
Alphabet Inc-Cl CGOOG	BKLC +0.25 points	2.16%	1.91%
Microsoft CorpMSFT	BKLC +0.25 points	5.84%	5.59%
Intel CorpINTC	SCHX +0.22 points	0.43%	0.65%
Space Exploration Techn-Cl ASPCX	SCHX +0.15 points	0.13%	0.28%
Alphabet Inc-Cl AGOOGL	BKLC +0.14 points	2.51%	2.37%
Amazon.com IncAMZN	BKLC +0.13 points	3.53%	3.40%
Exxonmobil Holdings CorpXOM	BKLC +0.12 points	1.19%	1.07%
Meta Platforms Inc-Class AMETA	BKLC +0.10 points	2.06%	1.96%
JPMorgan Chase & CoJPM	BKLC +0.07 points	1.37%	1.30%
AbbVie IncABBV	BKLC +0.07 points	0.80%	0.73%
NVIDIA CorpNVDA	SCHX +0.07 points	7.28%	7.35%
Advanced Micro DevicesAMD	SCHX +0.06 points	1.25%	1.31%
Johnson & JohnsonJNJ	BKLC +0.07 points	1.01%	0.94%
Costco Wholesale CorpCOST	BKLC +0.06 points	0.69%	0.63%
Visa Inc-Class A SharesV	BKLC +0.06 points	1.05%	0.99%
Merck & Co. Inc.MRK	BKLC +0.05 points	0.56%	0.51%
Walmart IncWMT	BKLC +0.05 points	0.82%	0.77%
Procter & Gamble Co/ThePG	BKLC +0.05 points	0.58%	0.53%
Coca-Cola Co/TheKO	BKLC +0.05 points	0.56%	0.51%
Kimberly-Clark CorpKMB	BKLC +0.05 points	0.10%	0.05%
Palantir Technologies Inc-APLTR	SCHX +0.04 points	0.60%	0.64%
Lockheed Martin CorpLMT	BKLC +0.04 points	0.23%	0.19%
BlackRock IncBLK	BKLC +0.04 points	0.28%	0.24%
Mastercard Inc - AMA	BKLC +0.04 points	0.77%	0.73%
Philip Morris InternationalPM	BKLC +0.04 points	0.50%	0.46%
Linde PLCLIN	BKLC +0.03 points	0.36%	0.33%
Netflix IncNFLX	BKLC +0.03 points	0.40%	0.37%
UnitedHealth Group IncUNH	BKLC +0.04 points	0.56%	0.52%
Verizon Communications IncVZ	BKLC +0.03 points	0.29%	0.26%
ConocophillipsCOP	BKLC +0.03 points	0.29%	0.26%
Gilead Sciences IncGILD	BKLC +0.03 points	0.32%	0.29%
Amgen IncAMGN	BKLC +0.03 points	0.38%	0.35%
Rtx CorpRTX	BKLC +0.03 points	0.41%	0.38%
Wells Fargo & CoWFC	BKLC +0.03 points	0.39%	0.36%
Abbott LaboratoriesABT	BKLC +0.03 points	0.29%	0.26%
Regeneron PharmaceuticalsREGN	BKLC +0.03 points	0.14%	0.11%
Intl Business Machines CorpIBM	BKLC +0.02 points	0.37%	0.35%
Home Depot IncHD	BKLC +0.02 points	0.49%	0.47%
Marathon Petroleum CorpMPC	BKLC +0.03 points	0.20%	0.17%
American Express CoAXP	BKLC +0.03 points	0.27%	0.24%
Accenture Plc-Cl AACN	BKLC +0.02 points	0.24%	0.22%
Micron Technology IncMU	BKLC +0.03 points	1.53%	1.50%
Pepsico IncPEP	BKLC +0.02 points	0.28%	0.26%
Lumentum Holdings IncLITE	SCHX +0.03 points	0.09%	0.12%
AT&T IncT	BKLC +0.03 points	0.23%	0.20%
Chevron CorpCVX	BKLC +0.02 points	0.67%	0.65%
Union Pacific CorpUNP	BKLC +0.02 points	0.28%	0.26%
Automatic Data ProcessingADP	BKLC +0.02 points	0.18%	0.16%
Walt Disney Co/TheDIS	BKLC +0.03 points	0.30%	0.27%
Vertex Pharmaceuticals IncVRTX	BKLC +0.03 points	0.22%	0.19%
Cisco Systems IncCSCO	BKLC +0.02 points	0.63%	0.61%
Valero Energy CorpVLO	BKLC +0.02 points	0.18%	0.16%
Thermo Fisher Scientific IncTMO	BKLC +0.02 points	0.39%	0.37%
Pfizer IncPFE	BKLC +0.02 points	0.26%	0.24%
Citigroup IncC	BKLC +0.02 points	0.32%	0.30%
Deere & CoDE	BKLC +0.02 points	0.26%	0.24%
Illinois Tool WorksITW	BKLC +0.02 points	0.12%	0.10%
Nextera Energy IncNEE	BKLC +0.02 points	0.26%	0.24%
Progressive CorpPGR	BKLC +0.02 points	0.21%	0.19%
Schwab (Charles) CorpSCHW	BKLC +0.01 points	0.22%	0.20%
Bristol-Myers Squibb CoBMY	BKLC +0.02 points	0.20%	0.18%
Northrop Grumman CorpNOC	BKLC +0.02 points	0.13%	0.11%
Comcast Corp-Class ACMCSA	BKLC +0.02 points	0.13%	0.11%
Chubb LtdCB	BKLC +0.02 points	0.20%	0.18%
Phillips 66PSX	BKLC +0.01 points	0.17%	0.16%
Dell Technologies -CDELL	SCHX +0.01 points	0.19%	0.20%
Marriott International -Cl AMAR	BKLC +0.02 points	0.14%	0.12%
Medtronic PLCMDT	BKLC +0.02 points	0.19%	0.17%
Waste Management IncWM	BKLC +0.02 points	0.14%	0.12%
Duke Energy CorpDUK	BKLC +0.02 points	0.16%	0.14%
Mondelez International Inc-AMDLZ	BKLC +0.02 points	0.13%	0.11%
Lennar Corp-ALEN	SCHX +0.01 points	<0.01%	0.02%
Vici Properties IncVICI	BKLC +0.02 points	0.06%	0.04%
Truist Financial CorpTFC	BKLC +0.01 points	0.10%	0.09%
Altria Group IncMO	BKLC +0.02 points	0.20%	0.18%
Ge Vernova IncGEV	BKLC +0.01 points	0.35%	0.34%
Moody's CorpMCO	BKLC +0.02 points	0.12%	0.10%
Qualcomm IncQCOM	SCHX +0.01 points	0.27%	0.28%
Cme Group IncCME	BKLC +0.02 points	0.17%	0.15%
Crh PLCCRH	BKLC +0.01 points	0.10%	0.09%
General ElectricGE	BKLC +0.02 points	0.48%	0.46%
Booking Holdings IncBKNG	BKLC +0.02 points	0.18%	0.16%
Mckesson CorpMCK	BKLC +0.02 points	0.18%	0.16%
Morgan StanleyMS	BKLC +0.02 points	0.34%	0.32%
Ebay IncEBAY	BKLC +0.01 points	0.08%	0.07%
Pultegroup IncPHM	BKLC +0.02 points	0.05%	0.03%
Goldman Sachs Group IncGS	BKLC +0.02 points	0.40%	0.38%
Welltower IncWELL	BKLC +0.01 points	0.25%	0.24%
General Motors CoGM	BKLC +0.01 points	0.12%	0.11%
Western Digital CorpWDC	SCHX +0.01 points	0.19%	0.20%
Sandisk CorpSNDK	SCHX +0.02 points	0.26%	0.28%
Nike Inc -Cl BNKE	BKLC +0.01 points	0.08%	0.07%
Fedex CorpFDX	BKLC +0.01 points	0.11%	0.10%
Intuit IncINTU	BKLC +0.01 points	0.14%	0.13%
Lowe's Cos IncLOW	BKLC +0.01 points	0.18%	0.17%
United Parcel Service-Cl BUPS	SCHX +0.01 points	0.10%	0.11%

All 502 BKLC holdings⁠All 754 SCHX 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 SCHX Cost

Overpaying SCHX vs BKLC

$638

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

BKLC 0.00%
$0
SCHX 0.03%
$638

Amount$10,000

Years30 years

Cost over time

BKLC 0.00%
SCHX 0.03%
Overpaying

Year by year

Year	BKLC	SCHX	Overpaying
10	$0	$55	$55
20	$0	$216	$216
30	$0	$638	$638

Expense ratio

0.00%BKLC, cheaper
0.03%SCHX

BKLC0.00%SCHX0.03%

0.00%1.25%

Middle half of US Large-Cap funds
Median 0.20%

BKLC cheapest of 29 funds

SCHX 3rd cheapest of 29 funds

BKLC vs SCHX Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BKLC No data; SCHX 1.05%
Payout (12M): BKLC No data; SCHX $0.31
Last payment: BKLC $0.13; SCHX $0.08
Ex-dividend: BKLC Oct 1, 2026; SCHX Sep 23, 2026
Paid on: BKLC Oct 6, 2026; SCHX Sep 28, 2026
Frequency: BKLC Quarterly; SCHX Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BKLCQuarterly · 20 paymentsAll BKLC payments⁠

SCHXQuarterly · 41 paymentsAll SCHX payments⁠

BKLC vs SCHX Risk

Fall from peak · 5 years

BKLC
SCHX

Risk facts

VolatilityStd dev, 3 years: BKLC 12.7%SCHX 12.5%, better
Return per unit of riskSharpe ratio, 3 years: BKLC 1.37SCHX 1.40, better
Worst fallMax drawdown, 5 years: BKLC −26.2%SCHX −25.4%, better
Market sensitivityBeta, 5 years: BKLC 1.02SCHX 1.01; Market = 1

BKLC and SCHX 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
Category Review
Broad U.S. large-cap funds kept pace with the S&P 500 this year. The top 50 did not.
Updated Oct 16, 2026SCHX

Popular comparisons

BKLCAvsEPSA
BNY Mellon US Large Cap Core Equity ETF · WisdomTree U.S. LargeCap Fund
Expense ratio
0.00% · 0.08%
Category
SCHXAvsEPSA
Schwab U.S. Large-Cap ETF · WisdomTree U.S. LargeCap Fund
Expense ratio
0.03% · 0.08%
Category
BKLCAvsVVA
BNY Mellon US Large Cap Core Equity ETF · Vanguard Morningstar Large-Cap ETF
Expense ratio
0.00% · 0.03%
Category
SCHXAvsVVA
Schwab U.S. Large-Cap ETF · Vanguard Morningstar Large-Cap ETF
Expense ratio
0.03% · 0.03%
Category
BKLCAvsIWBA
BNY Mellon US Large Cap Core Equity ETF · iShares Russell 1000 ETF
Expense ratio
0.00% · 0.15%
Category
SCHXAvsIWBA
Schwab U.S. Large-Cap ETF · iShares Russell 1000 ETF
Expense ratio
0.03% · 0.15%
Category

BKLC vs SCHX

In short

Stated mandate

Why people hold it

Worth knowing

How BKLC and SCHX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BKLC

Only in SCHX

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

Broad U.S. large-cap funds kept pace with the S&P 500 this year. The top 50 did not.

How BKLC and SCHX differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BKLC

Only in SCHX

Weight gaps