BKLC vs SPXT: Grades, Fees and Holdings Compared

BNY Mellon US Large Cap Core Equity ETF

BKLCANYSE Arca

ProShares S&P 500 Ex-Technology ETF

SPXTBNYSE Arca

Overlap

60.3%by weight

Expense ratio

BKLC −0.09pt a year

BKLC0.00%SPXT0.09%

Avg volume · 30D

BKLC 34.6×the volume

BKLC628KSPXT18.1K

5Y return · a year

BKLC +3.2pt

BKLC+11.8%SPXT+8.6%

BKLC vs SPXT Performance

Oct 29, 2021 – Oct 30, 2026

+74.7%BKLC+51.2%SPXT

Expense ratio: BKLC 0.00%, better; SPXT 0.09%
Fund size: BKLC $6.88B; SPXT $327M
1Y total return: BKLC +11.2%, better; SPXT +10.7%
Yield (12M): BKLC No data; SPXT 1.30%
Holdings: BKLC 504; SPXT 428
Avg volume (30D): BKLC 628K sh, better; SPXT 18.1K sh
NAV per share: BKLC $48.23; SPXT $110.39
52W range

ETF.net Grade

Pillar letters and Scores for BKLC, SPXT, with each pillar’s weight
Pillar	BKLC	SPXT
Cost30% weight	A100Higher	A73
Mission25% weight	A100Higher	B67
Risk15% weight	C53	A70Higher
Tradability15% weight	B66Higher	C53
Holdings10% weight	B61	A73Higher
Durability5% weight	A73Higher	A71

Rank among US Large-Cap funds

How we build Categories ›

Same Category. BKLC and SPXT 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 SPXT 8th 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 8BHDUSHartford Disciplined US Equity ETFScore 67
Rank 8BSPXTProShares S&P 500 Ex-Technology ETFScore 67
Rank 10BSPXNProShares S&P 500 Ex-Financials ETFScore 64

Our read on each fund

ETF.net Research

BKLCABNY Mellon US Large Cap Core Equity ETF

SPXTBProShares S&P 500 Ex-Technology 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%.

SPXT The S&P 500 with its single biggest sector cut out. SPXT tracks an S&P index that drops every company GICS files under information technology (software, hardware, semis) and keeps the other roughly 400.

Stated mandate

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

SPXT SPXT provides exposure to the large-cap S&P 500 while excluding companies classified in the information technology sector.

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.

SPXT Charges 0.09% a year, under the median for its large-cap peer group, which is cheap for a fund with a rulebook this specific.
One rule, applied by index committee, not manager hunch: own the S&P 500, skip the info tech sector, weight the rest by market cap.spglobal.com proshares.com
Sticks close to the S&P 500 Ex-Information Technology Index it follows, and sits in the upper half of its large-cap cohort. Pays quarterly.
Live since 2015, part of the ProShares ex-sector lineup that also carves out energy, financials and health care.proshares.com

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

SPXT "Ex-tech" is a GICS label, not a vibe. Names like Meta sit outside the info tech sector, so the fund still holds stocks most people call tech.spglobal.com
Removing the S&P 500's largest sector means results drift from the plain index in both directions.wikipedia.org
Thinly traded next to the giant core S&P funds, so bid-ask spreads can be wider.

Full BKLC profile⁠

Full SPXT profile⁠

BKLC vs SPXT Holdings

How BKLC and SPXT differ

Overlap by weight

60.3%

Shared holdings make up 96.7% of SPXT and 60.3% of BKLC.

Level by level

Holdings352 in both60.3%
Sector11 Sectors61.0%
Asset classEquity100%
Countryby domicile99.7%

Sector

Sector weights in BKLC and SPXT, widest gap first
Sector	More in BKLCMore in SPXT	BKLC	SPXT
Technology	BKLC +39.0 points	40.2%	1.2%
Financials	SPXT +7.7 points	10.9%	18.6%
Communication	SPXT +6.4 points	10.1%	16.5%
Health Care	SPXT +6.0 points	9.4%	15.3%
Consumer Discretionary	SPXT +5.7 points	8.8%	14.5%
Industrials	SPXT +4.7 points	7.8%	12.5%
Consumer Staples	SPXT +3.0 points	4.2%	7.2%
Energy	SPXT +2.1 points	3.5%	5.6%
Real Estate	SPXT +1.3 points	1.5%	2.8%
Utilities	SPXT +1.3 points	1.8%	3.1%
Materials	SPXT +0.9 points	1.7%	2.6%

Country, concentration and asset class

Country by domicile

Country weights in BKLC and SPXT, widest gap first
Country	More in BKLCMore in SPXT	BKLC	SPXT
United States	SPXT +0.2 points	99.3%	99.5%
Switzerland	SPXT +0.1 points	0.3%	0.4%
Brazil	BKLC +0.1 points	0.1%	0.0%
China	BKLC +0.1 points	0.1%	0.0%
United Kingdom	Same weight	0.1%	0.1%
Mexico	BKLC +0.1 points	0.1%	0.0%
Ireland	SPXT +0.1 points	0.0%	0.1%
Finland	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

BKLC36.9%
SPXT30.1%

Securities held

BKLC503
SPXT427

Asset class

BKLC: Equity
SPXT: Equity

Holdings

Only in BKLC151
In both352
Only in SPXT75

Only in BKLC

151 securities, 39.7% of BKLC by weight

Apple Inc7.53%
NVIDIA Corp7.28%
Microsoft Corp5.84%
Broadcom Inc2.32%
Micron Technology Inc1.53%
Advanced Micro Devices1.25%
Cisco Systems Inc0.63%
Palantir Technologies Inc-A0.60%
Applied Materials Inc0.47%
Lam Research Corp0.46%
Palo Alto Networks Inc0.45%
Intel Corp0.43%
Texas Instruments Inc0.41%
Crowdstrike Holdings Inc - A0.38%
Intl Business Machines Corp0.37%
Oracle Corp0.34%
Kla Corp0.32%
Analog Devices Inc0.31%
Amphenol Corp-Cl A0.29%
Salesforce Inc0.28%
Arista Networks Inc0.27%
Qualcomm Inc0.27%
Marvell Technology Inc0.26%
Sandisk Corp0.26%
Accenture Plc-Cl A0.24%
Seagate Technology Holdings0.22%
Western Digital Corp0.19%
Dell Technologies -C0.19%
Servicenow Inc0.17%
Snowflake Inc0.16%
Adobe Inc0.15%
Corning Inc0.14%
Intuit Inc0.14%
Cadence Design Sys Inc0.14%
Elevance Health Inc0.14%
Trane Technologies PLC0.14%
Cloudflare Inc - Class A0.14%
Synopsys Inc0.13%
Space Exploration Techn-Cl A0.13%
Motorola Solutions Inc0.13%
Fortinet Inc0.13%
Mercadolibre Inc0.12%
Datadog Inc - Class A0.12%
Hewlett Packard Enterprise0.11%
Cheniere Energy Inc0.11%
Nxp Semiconductors NV0.10%
Te Connectivity PLC0.10%
Lumentum Holdings Inc0.09%
Monolithic Power Systems Inc0.09%
Autodesk Inc0.09%

Only in SPXT

75 securities, 3.0% of SPXT by weight

Elevance Health Inc0.22%
Trane Technologies PLC0.22%
Becton Dickinson and Co0.13%
Honeywell Aerospace Inc0.12%
Vivmark Residential0.11%
Block Inc0.10%
Fiserv Inc0.07%
Steris PLC0.06%
Viatris Inc0.05%
Best Buy Co Inc0.05%
Cf Industries Holdings Inc0.05%
Apa Corp0.05%
Snap-On Inc0.04%
Leidos Holdings Inc0.04%
Ball Corp0.04%
Revvity Inc0.04%
Host Hotels & Resorts Inc0.04%
Idex Corp0.04%
Hasbro Inc0.04%
Charles River Laboratories0.04%
Nordson Corp0.04%
Kimco Realty Corp0.04%
Masco Corp0.04%
Allegion PLC0.04%
Stanley Black & Decker Inc0.04%
Bunge Global SA0.04%
Textron Inc0.04%
C.h. Robinson Worldwide Inc0.04%
Assurant Inc0.03%
Jm Smucker Co/The0.03%
Avery Dennison Corp0.03%
Healthpeak Properties Inc0.03%
Pinnacle West Capital0.03%
Huntington Ingalls Industrie0.03%
Regency Centers Corp0.03%
Globe Life Inc0.03%
Invesco Ltd0.03%
Costar Group Inc0.03%
Mccormick & Co-Non Vtg Shrs0.03%
Generac Holdings Inc0.03%
Solventum Corp0.03%
Baxter International Inc0.03%
Factset Research Systems Inc0.03%
Cooper Cos Inc/The0.03%
Jack Henry & Associates Inc0.03%
Bio-Techne Corp0.03%
Lululemon Athletica Inc0.03%
Albemarle Corp0.03%
Clorox Company0.03%
Pentair PLC0.03%

Weight gaps

The 100 widest of 352 Holdings in both funds.

Holding weights in BKLC and SPXT, widest gap first
Holding	More in BKLCMore in SPXT	BKLC	SPXT
Amazon.com IncAMZN	SPXT +2.23 points	3.53%	5.76%
Alphabet Inc-Cl AGOOGL	SPXT +1.50 points	2.51%	4.01%
Berkshire Hathaway Inc-Cl BBRK.B	SPXT +1.31 points	1.16%	2.47%
Meta Platforms Inc-Class AMETA	SPXT +1.25 points	2.06%	3.31%
Alphabet Inc-Cl CGOOG	SPXT +1.07 points	2.16%	3.23%
Eli Lilly & CoLLY	SPXT +0.95 points	1.83%	2.78%
Tesla IncTSLA	SPXT +0.88 points	1.87%	2.75%
JPMorgan Chase & CoJPM	SPXT +0.82 points	1.37%	2.19%
Exxonmobil Holdings CorpXOM	SPXT +0.69 points	1.19%	1.88%
Visa Inc-Class A SharesV	SPXT +0.67 points	1.05%	1.72%
Johnson & JohnsonJNJ	SPXT +0.60 points	1.01%	1.61%
Walmart IncWMT	SPXT +0.52 points	0.82%	1.34%
Mastercard Inc - AMA	SPXT +0.49 points	0.77%	1.26%
AbbVie IncABBV	SPXT +0.47 points	0.80%	1.27%
Chevron CorpCVX	SPXT +0.47 points	0.67%	1.14%
Costco Wholesale CorpCOST	SPXT +0.40 points	0.69%	1.09%
Procter & Gamble Co/ThePG	SPXT +0.34 points	0.58%	0.92%
Merck & Co. Inc.MRK	SPXT +0.34 points	0.56%	0.90%
UnitedHealth Group IncUNH	SPXT +0.33 points	0.56%	0.89%
Coca-Cola Co/TheKO	SPXT +0.33 points	0.56%	0.89%
Bank of America CorpBAC	SPXT +0.32 points	0.47%	0.79%
Home Depot IncHD	SPXT +0.31 points	0.49%	0.80%
Philip Morris InternationalPM	SPXT +0.29 points	0.50%	0.79%
General ElectricGE	SPXT +0.29 points	0.48%	0.77%
Caterpillar IncCAT	SPXT +0.27 points	0.43%	0.70%
Rtx CorpRTX	SPXT +0.25 points	0.41%	0.66%
Goldman Sachs Group IncGS	SPXT +0.23 points	0.40%	0.63%
Thermo Fisher Scientific IncTMO	SPXT +0.24 points	0.39%	0.63%
Amgen IncAMGN	SPXT +0.24 points	0.38%	0.62%
Netflix IncNFLX	SPXT +0.23 points	0.40%	0.63%
Wells Fargo & CoWFC	SPXT +0.23 points	0.39%	0.62%
Linde PLCLIN	SPXT +0.22 points	0.36%	0.58%
Ge Vernova IncGEV	SPXT +0.21 points	0.35%	0.56%
Morgan StanleyMS	SPXT +0.20 points	0.34%	0.54%
Gilead Sciences IncGILD	SPXT +0.20 points	0.32%	0.52%
Citigroup IncC	SPXT +0.18 points	0.32%	0.50%
Mcdonald's CorpMCD	SPXT +0.18 points	0.27%	0.45%
Pepsico IncPEP	SPXT +0.18 points	0.28%	0.46%
Walt Disney Co/TheDIS	SPXT +0.17 points	0.30%	0.47%
ConocophillipsCOP	SPXT +0.16 points	0.29%	0.45%
Verizon Communications IncVZ	SPXT +0.16 points	0.29%	0.45%
Nextera Energy IncNEE	SPXT +0.17 points	0.26%	0.43%
Union Pacific CorpUNP	SPXT +0.16 points	0.28%	0.44%
Abbott LaboratoriesABT	SPXT +0.16 points	0.29%	0.45%
Pfizer IncPFE	SPXT +0.16 points	0.26%	0.42%
Welltower IncWELL	SPXT +0.16 points	0.25%	0.41%
Deere & CoDE	SPXT +0.15 points	0.26%	0.41%
Tjx Companies IncTJX	SPXT +0.15 points	0.23%	0.38%
S&P Global IncSPGI	SPXT +0.15 points	0.20%	0.35%
American Express CoAXP	SPXT +0.14 points	0.27%	0.41%
Intuitive Surgical IncISRG	SPXT +0.14 points	0.23%	0.37%
Danaher CorpDHR	SPXT +0.13 points	0.22%	0.35%
Vertex Pharmaceuticals IncVRTX	SPXT +0.13 points	0.22%	0.35%
Eaton Corp PLCETN	SPXT +0.13 points	0.22%	0.35%
BlackRock IncBLK	SPXT +0.13 points	0.28%	0.41%
AT&T IncT	SPXT +0.13 points	0.23%	0.36%
Uber Technologies IncUBER	SPXT +0.13 points	0.20%	0.33%
Boeing Co/TheBA	SPXT +0.13 points	0.20%	0.33%
Schwab (Charles) CorpSCHW	SPXT +0.13 points	0.22%	0.35%
Altria Group IncMO	SPXT +0.12 points	0.20%	0.32%
Progressive CorpPGR	SPXT +0.12 points	0.21%	0.33%
Capital One Financial CorpCOF	SPXT +0.12 points	0.19%	0.31%
Bristol-Myers Squibb CoBMY	SPXT +0.11 points	0.20%	0.31%
Chubb LtdCB	SPXT +0.11 points	0.20%	0.31%
Prologis IncPLD	SPXT +0.11 points	0.19%	0.30%
Southern Co/TheSO	SPXT +0.11 points	0.15%	0.26%
Lowe's Cos IncLOW	SPXT +0.11 points	0.18%	0.29%
Starbucks CorpSBUX	SPXT +0.11 points	0.18%	0.29%
Parker Hannifin CorpPH	SPXT +0.11 points	0.17%	0.28%
Mckesson CorpMCK	SPXT +0.10 points	0.18%	0.28%
Cvs Health CorpCVS	SPXT +0.10 points	0.18%	0.28%
Marathon Petroleum CorpMPC	SPXT +0.10 points	0.20%	0.30%
General Dynamics CorpGD	SPXT +0.10 points	0.13%	0.23%
Phillips 66PSX	SPXT +0.11 points	0.17%	0.28%
Valero Energy CorpVLO	SPXT +0.10 points	0.18%	0.28%
Automatic Data ProcessingADP	SPXT +0.10 points	0.18%	0.28%
Medtronic PLCMDT	SPXT +0.10 points	0.19%	0.29%
Stryker CorpSYK	SPXT +0.10 points	0.15%	0.25%
Cme Group IncCME	SPXT +0.10 points	0.17%	0.27%
Newmont CorpNEM	SPXT +0.09 points	0.18%	0.27%
United Parcel Service-Cl BUPS	SPXT +0.10 points	0.10%	0.20%
Vertiv Holdings Co-AVRT	SPXT +0.10 points	0.12%	0.22%
Marsh & Mclennan CosMRSH	SPXT +0.09 points	0.14%	0.23%
Booking Holdings IncBKNG	SPXT +0.09 points	0.18%	0.27%
Bank of New York Mellon CorpBNY	SPXT +0.09 points	0.15%	0.24%
Equinix IncEQIX	SPXT +0.10 points	0.15%	0.25%
Quanta Services IncPWR	SPXT +0.09 points	0.14%	0.23%
Pnc Financial Services GroupPNC	SPXT +0.09 points	0.13%	0.22%
Us BancorpUSB	SPXT +0.09 points	0.14%	0.23%
Csx CorpCSX	SPXT +0.09 points	0.15%	0.24%
Lockheed Martin CorpLMT	SPXT +0.08 points	0.23%	0.31%
Blackstone IncBX	SPXT +0.09 points	0.13%	0.21%
Duke Energy CorpDUK	SPXT +0.08 points	0.16%	0.24%
American Tower CorpAMT	SPXT +0.08 points	0.13%	0.21%
Moderna IncMRNA	SPXT +0.08 points	0.12%	0.20%
Emerson Electric CoEMR	SPXT +0.08 points	0.14%	0.22%
Williams Cos IncWMB	SPXT +0.08 points	0.14%	0.22%
Johnson Controls InternationJCI	SPXT +0.08 points	0.14%	0.22%
Regeneron PharmaceuticalsREGN	SPXT +0.09 points	0.14%	0.23%
3M CoMMM	SPXT +0.08 points	0.14%	0.22%

All 502 BKLC holdings⁠All 430 SPXT 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 SPXT Cost

Overpaying SPXT vs BKLC

$1,898

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

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

Amount$10,000

Years30 years

Cost over time

BKLC 0.00%
SPXT 0.09%
Overpaying

Year by year

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

Expense ratio

0.00%BKLC, cheaper
0.09%SPXT

BKLC0.00%SPXT0.09%

0.00%1.25%

Middle half of US Large-Cap funds
Median 0.20%

BKLC cheapest of 29 funds

SPXT 7th cheapest of 29 funds

BKLC vs SPXT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BKLC No data; SPXT 1.30%
Payout (12M): BKLC No data; SPXT $1.44
Last payment: BKLC $0.13; SPXT $0.32
Ex-dividend: BKLC Oct 1, 2026; SPXT Sep 23, 2026
Paid on: BKLC Oct 6, 2026; SPXT Sep 29, 2026
Frequency: BKLC Quarterly; SPXT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BKLCQuarterly · 20 paymentsAll BKLC payments⁠

SPXTQuarterly · 39 paymentsAll SPXT payments⁠

BKLC vs SPXT Risk

Fall from peak · 5 years

BKLC
SPXT

Risk facts

VolatilityStd dev, 3 years: BKLC 12.7%SPXT 10.9%, better
Return per unit of riskSharpe ratio, 3 years: BKLC 1.37, betterSPXT 1.23
Worst fallMax drawdown, 5 years: BKLC −26.2%SPXT −21.5%, better
Market sensitivityBeta, 5 years: BKLC 1.02SPXT 0.78; Market = 1

BKLC and SPXT 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 SPXT

In short

Stated mandate

Why people hold it

Worth knowing

How BKLC and SPXT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BKLC

Only in SPXT

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 SPXT differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BKLC

Only in SPXT

Weight gaps