BKLC vs SGLC: Grades, Fees and Holdings Compared

BNY Mellon US Large Cap Core Equity ETF

BKLCANYSE Arca

SGI U.S. Large Cap Core ETF

SGLCDNYSE Arca

Overlap

62.7%by weight

Expense ratio

BKLC −0.85pt a year

BKLC0.00%SGLC0.85%

Avg volume · 30D

BKLC 43.0×the volume

BKLC628KSGLC14.6K

3Y return · a year

BKLC +0.5pt

BKLC+23.2%SGLC+22.7%

BKLC vs SGLC Performance

Oct 31, 2025 – Oct 30, 2026

+11.2%BKLC+17.6%SGLC

Expense ratio: BKLC 0.00%, better; SGLC 0.85%
Fund size: BKLC $6.88B; SGLC $219M
1Y total return: BKLC +11.2%; SGLC +17.6%, better
Yield (12M): BKLC No data; SGLC 0.20%
Holdings: BKLC 504; SGLC 132
Avg volume (30D): BKLC 628K sh, better; SGLC 14.6K sh
NAV per share: BKLC $48.23; SGLC $44.16
52W range

ETF.net Grade

Pillar letters and Scores for BKLC, SGLC, with each pillar’s weight
Pillar	BKLC	SGLC
Cost30% weight	A100Higher	F4
Mission25% weight	A100Higher	B68
Risk15% weight	C53Higher	C44
Tradability15% weight	B66Higher	D32
Holdings10% weight	B61Higher	C43
Durability5% weight	A73Higher	C49

Rank among US Large-Cap funds

How we build Categories ›

Same Category. BKLC and SGLC 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 SGLC 24th 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
Rank 24DMAGATruth Social America First ETFScore 36
Rank 24DSGLCSGI U.S. Large Cap Core ETFScore 36
Rank 26DAQLGHCM Large Cap Growth ETFScore 35

Our read on each fund

ETF.net Research

BKLCABNY Mellon US Large Cap Core Equity ETF

SGLCDSGI U.S. Large Cap Core 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%.

SGLC Large-cap core, hand-picked. A boutique manager running an actively chosen portfolio of big US companies in a corner of the market ruled by ultra-cheap quant machines. You're paying for judgment, not an index.

Stated mandate

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

SGLC The Fund seeks long-term capital appreciation through an actively managed portfolio focused primarily on large-capitalization companies.

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.

SGLC A genuinely active mandate: the manager assembles a large-cap portfolio seeking long-term capital appreciation, rather than replicating a benchmark.
Simple plumbing. A standard 1940 Act stock fund: no leverage, no swaps, no K-1 at tax time.
Built for the core of a portfolio, not the edges: large US companies, the same neighborhood an S&P tracker lives in, just chosen by a person.

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

SGLC The fee is 0.85%, above the typical active US equity ETF. Systematic rivals like DFAU (0.12%) and AVLC (0.15%) deliver large-cap core exposure for a fraction of that.
Thinly traded with a modest asset base, so spreads can be wide. Limit orders are the usual defense in a fund this size.
Launched in 2023, so the track record is short and covers one stretch of market weather. Cash goes out once or twice a year, not quarterly.

Full BKLC profile⁠

Full SGLC profile⁠

BKLC vs SGLC Holdings

How BKLC and SGLC differ

Overlap by weight

62.7%

Shared holdings make up 98.8% of SGLC and 68.8% of BKLC.

Level by level

Holdings127 in both62.7%
Sector11 Sectors95.6%
Countryby domicile99.3%
Asset classEquity100%

Sector

Sector weights in BKLC and SGLC, widest gap first
Sector	More in BKLCMore in SGLC	BKLC	SGLC
Financials	SGLC +2.7 points	10.9%	13.6%
Industrials	BKLC +1.7 points	7.8%	6.1%
Communication	SGLC +1.0 points	10.1%	11.1%
Health Care	BKLC +0.9 points	9.4%	8.5%
Consumer Discretionary	BKLC +0.9 points	8.8%	7.9%
Real Estate	SGLC +0.6 points	1.5%	2.1%
Utilities	BKLC +0.4 points	1.8%	1.4%
Consumer Staples	BKLC +0.3 points	4.2%	3.9%
Materials	SGLC +0.1 points	1.7%	1.8%
Technology	BKLC +0.1 points	40.2%	40.1%
Energy	Same weight	3.5%	3.5%

Country, concentration and asset class

Country by domicile

Country weights in BKLC and SGLC, widest gap first
Country	More in BKLCMore in SGLC	BKLC	SGLC
United States	SGLC +0.7 points	99.3%	100.0%
Other countries (7)	BKLC +0.7 points	0.7%	0.0%

Concentration

Weight in the 10 largest Holdings

BKLC36.9%
SGLC42.2%

Securities held

BKLC503
SGLC132

Asset class

BKLC: Equity
SGLC: Equity

Holdings

Only in BKLC376
In both127
Only in SGLC5

Only in BKLC

376 securities, 31.1% of BKLC by weight

Philip Morris International0.50%
Home Depot Inc0.49%
Texas Instruments Inc0.41%
Rtx Corp0.41%
Thermo Fisher Scientific Inc0.39%
Amgen Inc0.38%
Crowdstrike Holdings Inc - A0.38%
Intl Business Machines Corp0.37%
Linde PLC0.36%
Walt Disney Co/The0.30%
Verizon Communications Inc0.29%
Abbott Laboratories0.29%
Pepsico Inc0.28%
Union Pacific Corp0.28%
BlackRock Inc0.28%
Mcdonald's Corp0.27%
American Express Co0.27%
Pfizer Inc0.26%
Nextera Energy Inc0.26%
Marvell Technology Inc0.26%
Deere & Co0.26%
Welltower Inc0.25%
Accenture Plc-Cl A0.24%
AT&T Inc0.23%
Eaton Corp PLC0.22%
Seagate Technology Holdings0.22%
Danaher Corp0.22%
Boeing Co/The0.20%
S&P Global Inc0.20%
Chubb Ltd0.20%
Altria Group Inc0.20%
Bristol-Myers Squibb Co0.20%
Capital One Financial Corp0.19%
Western Digital Corp0.19%
Medtronic PLC0.19%
Prologis Inc0.19%
Starbucks Corp0.18%
Valero Energy Corp0.18%
Lowe's Cos Inc0.18%
Mckesson Corp0.18%
Parker Hannifin Corp0.17%
Cme Group Inc0.17%
Servicenow Inc0.17%
Snowflake Inc0.16%
Duke Energy Corp0.16%
Southern Co/The0.15%
Equinix Inc0.15%
Stryker Corp0.15%
Csx Corp0.15%
Corning Inc0.14%

Only in SGLC

5 securities, 1.2% of SGLC by weight

News Corp0.40%
Insulet Corp0.27%
Host Hotels & Resorts Inc0.22%
Generac Holdings Inc0.18%
Regency Centers Corp0.17%

Weight gaps

The 100 widest of 127 Holdings in both funds.

Holding weights in BKLC and SGLC, widest gap first
Holding	More in BKLCMore in SGLC	BKLC	SGLC
NVIDIA CorpNVDA	SGLC +1.72 points	7.28%	9.00%
Tesla IncTSLA	BKLC +1.51 points	1.87%	0.36%
Micron Technology IncMU	SGLC +0.88 points	1.53%	2.41%
Emcor Group IncEME	SGLC +0.87 points	0.05%	0.92%
Alphabet Inc-Cl AGOOGL	SGLC +0.79 points	2.51%	3.30%
Sandisk CorpSNDK	SGLC +0.78 points	0.26%	1.04%
Meta Platforms Inc-Class AMETA	SGLC +0.73 points	2.06%	2.79%
United Airlines Holdings IncUAL	SGLC +0.70 points	0.06%	0.76%
Broadcom IncAVGO	SGLC +0.64 points	2.32%	2.96%
Steel Dynamics IncSTLD	SGLC +0.63 points	0.05%	0.68%
Public Service Enterprise GpPEG	SGLC +0.62 points	0.05%	0.67%
State Street CorpSTT	SGLC +0.62 points	0.07%	0.69%
Alphabet Inc-Cl CGOOG	SGLC +0.61 points	2.16%	2.77%
Amazon.com IncAMZN	SGLC +0.61 points	3.53%	4.14%
Centene CorpCNC	SGLC +0.60 points	0.05%	0.65%
Expedia Group IncEXPE	SGLC +0.60 points	0.05%	0.65%
Ameriprise Financial IncAMP	SGLC +0.60 points	0.07%	0.67%
Cbre Group Inc - ACBRE	SGLC +0.58 points	0.06%	0.64%
Cummins IncCMI	SGLC +0.58 points	0.10%	0.68%
Interactive Brokers Gro-Cl AIBKR	SGLC +0.58 points	0.05%	0.63%
Fox Corp - Class BFOX	SGLC +0.58 points	0.01%	0.59%
Airbnb Inc-Class AABNB	SGLC +0.57 points	0.10%	0.67%
Vistra CorpVST	SGLC +0.56 points	0.07%	0.63%
Sysco CorpSYY	SGLC +0.54 points	0.06%	0.60%
Everest Group LtdEG	SGLC +0.53 points	0.03%	0.56%
Applovin Corp-Class AAPP	SGLC +0.53 points	0.09%	0.62%
Nucor CorpNUE	SGLC +0.52 points	0.10%	0.62%
Lam Research CorpLRCX	SGLC +0.52 points	0.46%	0.98%
Bank of New York Mellon CorpBNY	SGLC +0.52 points	0.15%	0.67%
General Motors CoGM	SGLC +0.51 points	0.12%	0.63%
Freeport-Mcmoran IncFCX	SGLC +0.51 points	0.14%	0.65%
Vertiv Holdings Co-AVRT	SGLC +0.51 points	0.12%	0.63%
Apple IncAAPL	BKLC +0.50 points	7.53%	7.03%
Booking Holdings IncBKNG	SGLC +0.49 points	0.18%	0.67%
Colgate-Palmolive CoCL	SGLC +0.49 points	0.11%	0.60%
Comfort Systems Usa IncFIX	SGLC +0.49 points	0.07%	0.56%
Visa Inc-Class A SharesV	BKLC +0.49 points	1.05%	0.56%
Humana IncHUM	SGLC +0.48 points	0.07%	0.56%
Tapestry IncTPR	SGLC +0.49 points	0.04%	0.53%
Walmart IncWMT	BKLC +0.48 points	0.82%	0.34%
Monolithic Power Systems IncMPWR	SGLC +0.46 points	0.09%	0.55%
Arista Networks IncANET	SGLC +0.42 points	0.27%	0.69%
United Rentals IncURI	SGLC +0.42 points	0.11%	0.53%
Bank of America CorpBAC	SGLC +0.41 points	0.47%	0.88%
Northern Trust CorpNTRS	SGLC +0.41 points	0.05%	0.46%
Ross Stores IncROST	SGLC +0.41 points	0.11%	0.52%
Marathon Petroleum CorpMPC	SGLC +0.40 points	0.20%	0.60%
Newmont CorpNEM	SGLC +0.40 points	0.18%	0.58%
Citigroup IncC	SGLC +0.40 points	0.32%	0.72%
Raymond James Financial IncRJF	SGLC +0.38 points	0.05%	0.43%
UnitedHealth Group IncUNH	BKLC +0.38 points	0.56%	0.18%
Monster Beverage CorpMNST	SGLC +0.37 points	0.10%	0.47%
Ciena CorpCIEN	SGLC +0.37 points	0.07%	0.44%
Procter & Gamble Co/ThePG	BKLC +0.36 points	0.58%	0.22%
Advanced Micro DevicesAMD	SGLC +0.35 points	1.25%	1.60%
General ElectricGE	BKLC +0.34 points	0.48%	0.14%
Schwab (Charles) CorpSCHW	SGLC +0.34 points	0.22%	0.56%
Berkshire Hathaway Inc-Cl BBRK.B	SGLC +0.32 points	1.16%	1.48%
Fedex CorpFDX	SGLC +0.32 points	0.11%	0.43%
JPMorgan Chase & CoJPM	SGLC +0.31 points	1.37%	1.68%
Coca-Cola Co/TheKO	BKLC +0.30 points	0.56%	0.26%
Vertex Pharmaceuticals IncVRTX	SGLC +0.29 points	0.22%	0.51%
Regeneron PharmaceuticalsREGN	SGLC +0.28 points	0.14%	0.42%
Baker Hughes CoBKR	SGLC +0.27 points	0.08%	0.35%
Johnson & JohnsonJNJ	BKLC +0.27 points	1.01%	0.74%
Analog Devices IncADI	SGLC +0.26 points	0.31%	0.57%
Cisco Systems IncCSCO	BKLC +0.25 points	0.63%	0.38%
Merck & Co. Inc.MRK	SGLC +0.25 points	0.56%	0.81%
Ulta Beauty IncULTA	SGLC +0.25 points	0.04%	0.29%
Morgan StanleyMS	SGLC +0.24 points	0.34%	0.58%
Incyte CorpINCY	SGLC +0.24 points	0.03%	0.27%
Paccar IncPCAR	SGLC +0.24 points	0.08%	0.32%
Applied Materials IncAMAT	SGLC +0.24 points	0.47%	0.71%
Netflix IncNFLX	BKLC +0.23 points	0.40%	0.17%
Costco Wholesale CorpCOST	BKLC +0.23 points	0.69%	0.46%
Wells Fargo & CoWFC	SGLC +0.21 points	0.39%	0.60%
Evergy IncEVRG	SGLC +0.20 points	0.03%	0.23%
Super Micro Computer IncSMCI	SGLC +0.19 points	0.03%	0.22%
Metlife IncMET	SGLC +0.19 points	0.08%	0.27%
Mastercard Inc - AMA	BKLC +0.19 points	0.77%	0.58%
Qualcomm IncQCOM	SGLC +0.18 points	0.27%	0.45%
Chevron CorpCVX	SGLC +0.18 points	0.67%	0.85%
Loews CorpL	SGLC +0.17 points	0.03%	0.20%
Exxonmobil Holdings CorpXOM	BKLC +0.17 points	1.19%	1.02%
Zoetis IncZTS	SGLC +0.17 points	0.05%	0.22%
Intuitive Surgical IncISRG	SGLC +0.16 points	0.23%	0.39%
Ameren CorporationAEE	SGLC +0.15 points	0.05%	0.20%
Howmet Aerospace IncHWM	SGLC +0.15 points	0.12%	0.27%
Caterpillar IncCAT	BKLC +0.15 points	0.43%	0.28%
Prudential Financial IncPRU	SGLC +0.14 points	0.07%	0.21%
Chipotle Mexican Grill IncCMG	SGLC +0.14 points	0.06%	0.20%
Gilead Sciences IncGILD	SGLC +0.14 points	0.32%	0.46%
KeycorpKEY	SGLC +0.14 points	0.03%	0.17%
Synchrony FinancialSYF	SGLC +0.13 points	0.04%	0.17%
AbbVie IncABBV	BKLC +0.13 points	0.80%	0.67%
American International GroupAIG	SGLC +0.12 points	0.07%	0.19%
Delta Air Lines IncDAL	SGLC +0.11 points	0.07%	0.18%
Cvs Health CorpCVS	SGLC +0.11 points	0.18%	0.29%
Constellation EnergyCEG	SGLC +0.11 points	0.13%	0.24%
Eli Lilly & CoLLY	SGLC +0.10 points	1.83%	1.93%

All 502 BKLC holdings⁠All SGLC 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 SGLC Cost

Overpaying SGLC vs BKLC

$16,199

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

BKLC 0.00%
$0
SGLC 0.85%
$16,199

Amount$10,000

Years30 years

Cost over time

BKLC 0.00%
SGLC 0.85%
Overpaying

Year by year

Year	BKLC	SGLC	Overpaying
10	$0	$1,508	$1,508
20	$0	$5,706	$5,706
30	$0	$16,199	$16,199

Expense ratio

0.00%BKLC, cheaper
0.85%SGLC

BKLC0.00%SGLC0.85%

0.00%1.25%

Middle half of US Large-Cap funds
Median 0.20%

BKLC cheapest of 29 funds

SGLC 28th cheapest of 29 funds

BKLC vs SGLC Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BKLC No data; SGLC 0.20%
Payout (12M): BKLC No data; SGLC $0.09
Last payment: BKLC $0.13; SGLC $0.09
Ex-dividend: BKLC Oct 1, 2026; SGLC Dec 23, 2025
Paid on: BKLC Oct 6, 2026; SGLC Dec 24, 2025
Frequency: BKLC Quarterly; SGLC Annual

Distribution history

Per share, 2020 to 2026, same scale for both

BKLCQuarterly · 20 paymentsAll BKLC payments⁠

SGLCAnnual · 3 paymentsAll SGLC payments⁠

BKLC vs SGLC Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BKLC 12.7%, betterSGLC 13.2%
Return per unit of riskSharpe ratio, 3 years: BKLC 1.37, betterSGLC 1.28
Worst fallMax drawdown, 5 years: BKLC −26.2%SGLC −20.2%since Mar 2023
Market sensitivityBeta, 5 years: BKLC 1.02SGLC 1.07; Market = 1

BKLC and SGLC 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

Popular comparisons

BKLCAvsSCHXA
BNY Mellon US Large Cap Core Equity ETF · Schwab U.S. Large-Cap ETF
Expense ratio
0.00% · 0.03%
Category
SGLCDvsSCHXA
SGI U.S. Large Cap Core ETF · Schwab U.S. Large-Cap ETF
Expense ratio
0.85% · 0.03%
Category
BKLCAvsEPSA
BNY Mellon US Large Cap Core Equity ETF · WisdomTree U.S. LargeCap Fund
Expense ratio
0.00% · 0.08%
Category
SGLCDvsEPSA
SGI U.S. Large Cap Core ETF · WisdomTree U.S. LargeCap Fund
Expense ratio
0.85% · 0.08%
Category
BKLCAvsVVA
BNY Mellon US Large Cap Core Equity ETF · Vanguard Morningstar Large-Cap ETF
Expense ratio
0.00% · 0.03%
Category
SGLCDvsVVA
SGI U.S. Large Cap Core ETF · Vanguard Morningstar Large-Cap ETF
Expense ratio
0.85% · 0.03%
Category

BKLC vs SGLC

In short

Stated mandate

Why people hold it

Worth knowing

How BKLC and SGLC differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BKLC

Only in SGLC

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 SGLC differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BKLC

Only in SGLC

Weight gaps