BKLC vs SPXV: Grades, Fees and Holdings Compared

BNY Mellon US Large Cap Core Equity ETF

BKLCANYSE Arca

ProShares S&P 500 Ex-Health Care ETF

SPXVBNYSE Arca

Overlap

86.7%by weight

Expense ratio

BKLC −0.09pt a year

BKLC0.00%SPXV0.09%

Avg volume · 30D

BKLC 978.4×the volume

BKLC628KSPXV642

5Y return · a year

SPXV +0.6pt

BKLC+11.8%SPXV+12.4%

BKLC vs SPXV Performance

Oct 29, 2021 – Oct 30, 2026

+74.7%BKLC+79.4%SPXV

Expense ratio: BKLC 0.00%, better; SPXV 0.09%
Fund size: BKLC $6.88B; SPXV $40M
1Y total return: BKLC +11.2%, better; SPXV +10.0%
Yield (12M): BKLC No data; SPXV 0.93%
Holdings: BKLC 504; SPXV 443
Avg volume (30D): BKLC 628K sh, better; SPXV 642 sh
NAV per share: BKLC $48.23; SPXV $81.83
52W range

ETF.net Grade

Pillar letters and Scores for BKLC, SPXV, with each pillar’s weight
Pillar	BKLC	SPXV
Cost30% weight	A100Higher	A73
Mission25% weight	A100Higher	A95
Risk15% weight	C53Higher	D38
Tradability15% weight	B66Higher	D33
Holdings10% weight	B61Higher	C45
Durability5% weight	A73Higher	B60

Rank among US Large-Cap funds

How we build Categories ›

Same Category. BKLC and SPXV 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 SPXV 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 80
Rank 12BIQSUNYLI Candriam U.S. Large Cap Equity ETFScore 63
Rank 12BSPXVProShares S&P 500 Ex-Health Care ETFScore 63
Rank 14BXLGInvesco S&P 500 Top 50 ETFScore 61

Our read on each fund

ETF.net Research

BKLCABNY Mellon US Large Cap Core Equity ETF

SPXVBProShares S&P 500 Ex-Health Care 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%.

SPXV The S&P 500 with one sector surgically removed. SPXV holds roughly 400 large caps and leaves health care out, built for portfolios that already get their pharma and hospital exposure elsewhere.

Stated mandate

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

SPXV The Fund seeks investment results that track the performance of the S&P 500 Ex-Health Care Index before fees and expenses.

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.

SPXV Charges 0.09% a year, below the typical fund in its large-cap group.
One job, done tightly: it has hugged the S&P 500 Ex-Health Care Index closely instead of drifting from its stated mandate.
Saves the DIY work. Roughly 400 S&P 500 names in one ticker, with no screening or rebalancing on your end.
Trading since 2015, a long run for a single-sector carve-out, and it sits in the upper half of its large-cap peer group.

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

SPXV Thinly traded with a small asset base, so spreads can run wider than on a mainstream S&P 500 fund.
Pull a sector out and the rest weigh more. This tracks its own index, so it parts ways with the S&P 500 whenever health care moves differently.
Plain large-cap trackers such as SCHX and VV run 0.03%, so the sector carve-out carries a modest premium.

Full BKLC profile⁠

Full SPXV profile⁠

BKLC vs SPXV Holdings

How BKLC and SPXV differ

Overlap by weight

86.7%

Shared holdings make up 98.0% of SPXV and 86.8% of BKLC.

Level by level

Holdings373 in both86.7%
Sector11 Sectors90.4%
Asset classEquity100%
Countryby domicile99.8%

Sector

Sector weights in BKLC and SPXV, widest gap first
Sector	More in BKLCMore in SPXV	BKLC	SPXV
Health Care	BKLC +9.4 points	9.4%	0.0%
Technology	SPXV +3.2 points	40.2%	43.4%
Financials	SPXV +2.1 points	10.9%	13.0%
Consumer Discretionary	SPXV +1.1 points	8.8%	9.9%
Consumer Staples	SPXV +1.0 points	4.2%	5.2%
Energy	SPXV +0.8 points	3.5%	4.3%
Real Estate	SPXV +0.5 points	1.5%	2.0%
Utilities	SPXV +0.4 points	1.8%	2.2%
Industrials	SPXV +0.3 points	7.8%	8.1%
Materials	SPXV +0.3 points	1.7%	2.0%
Communication	BKLC +0.2 points	10.1%	9.9%

Country, concentration and asset class

Country by domicile

Country weights in BKLC and SPXV, widest gap first
Country	More in BKLCMore in SPXV	BKLC	SPXV
United States	SPXV +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	BKLC +0.1 points	0.1%	0.0%
Mexico	Same weight	0.1%	0.1%
Ireland	Same weight	0.0%	0.0%
Finland	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

BKLC36.9%
SPXV41.3%

Securities held

BKLC503
SPXV442

Asset class

BKLC: Equity
SPXV: Equity

Holdings

Only in BKLC130
In both373
Only in SPXV69

Only in BKLC

130 securities, 13.2% of BKLC by weight

Eli Lilly & Co1.83%
Johnson & Johnson1.01%
AbbVie Inc0.80%
Merck & Co. Inc.0.56%
UnitedHealth Group Inc0.56%
Thermo Fisher Scientific Inc0.39%
Amgen Inc0.38%
Gilead Sciences Inc0.32%
Abbott Laboratories0.29%
Pfizer Inc0.26%
Intuitive Surgical Inc0.23%
Danaher Corp0.22%
Vertex Pharmaceuticals Inc0.22%
Bristol-Myers Squibb Co0.20%
Medtronic PLC0.19%
Mckesson Corp0.18%
Cvs Health Corp0.18%
Snowflake Inc0.16%
Stryker Corp0.15%
Regeneron Pharmaceuticals0.14%
Elevance Health Inc0.14%
Trane Technologies PLC0.14%
Cloudflare Inc - Class A0.14%
Space Exploration Techn-Cl A0.13%
The Cigna Group0.12%
Moderna Inc0.12%
Mercadolibre Inc0.12%
Hca Healthcare Inc0.11%
Cheniere Energy Inc0.11%
Boston Scientific Corp0.09%
Cardinal Health Inc0.09%
Cencora Inc0.09%
Natera Inc0.09%
Edwards Lifesciences Corp0.08%
Becton Dickinson and Co0.08%
Agilent Technologies Inc0.08%
Humana Inc0.07%
Veeva Systems Inc-Class A0.07%
Idexx Laboratories Inc0.07%
Iqvia Holdings Inc0.07%
Waters Corp0.07%
Vivmark Residential0.07%
Block Inc0.07%
Strategy Inc0.06%
Anglogold Ashanti PLC0.06%
Biogen Inc0.06%
Illumina Inc0.05%
Zoetis Inc0.05%
Resmed Inc0.05%
Revolution Medicines Inc0.05%

Only in SPXV

69 securities, 1.8% of SPXV by weight

Trane Technologies PLC0.15%
Honeywell Aerospace Inc0.08%
Vivmark Residential0.08%
Block Inc0.07%
Fiserv Inc0.05%
Ptc Inc0.04%
Skyworks Solutions Inc0.03%
Best Buy Co Inc0.03%
Cf Industries Holdings Inc0.03%
Apa Corp0.03%
Snap-On Inc0.03%
Leidos Holdings Inc0.03%
Ball Corp0.03%
Host Hotels & Resorts Inc0.03%
Idex Corp0.03%
Nordson Corp0.03%
Zebra Technologies Corp-Cl A0.03%
Hasbro Inc0.03%
Kimco Realty Corp0.03%
Masco Corp0.03%
Allegion PLC0.03%
Gen Digital Inc0.03%
Stanley Black & Decker Inc0.03%
Bunge Global SA0.03%
Trimble Inc0.03%
Tyler Technologies Inc0.03%
Godaddy Inc - Class A0.03%
Textron Inc0.03%
C.h. Robinson Worldwide Inc0.02%
Assurant Inc0.02%
Gartner Inc0.02%
Jm Smucker Co/The0.02%
Avery Dennison Corp0.02%
Akamai Technologies Inc0.02%
Healthpeak Properties Inc0.02%
Pinnacle West Capital0.02%
Huntington Ingalls Industrie0.02%
Regency Centers Corp0.02%
Globe Life Inc0.02%
Invesco Ltd0.02%
Costar Group Inc0.02%
Mccormick & Co-Non Vtg Shrs0.02%
Generac Holdings Inc0.02%
Factset Research Systems Inc0.02%
Jack Henry & Associates Inc0.02%
Lululemon Athletica Inc0.02%
Albemarle Corp0.02%
Clorox Company0.02%
Aes Corp0.02%
Pentair PLC0.02%

Weight gaps

The 100 widest of 373 Holdings in both funds.

Holding weights in BKLC and SPXV, widest gap first
Holding	More in BKLCMore in SPXV	BKLC	SPXV
NVIDIA CorpNVDA	SPXV +1.15 points	7.28%	8.43%
Apple IncAAPL	SPXV +1.04 points	7.53%	8.57%
Microsoft CorpMSFT	SPXV +0.76 points	5.84%	6.60%
Berkshire Hathaway Inc-Cl BBRK.B	SPXV +0.56 points	1.16%	1.72%
Amazon.com IncAMZN	SPXV +0.49 points	3.53%	4.02%
Broadcom IncAVGO	SPXV +0.32 points	2.32%	2.64%
Alphabet Inc-Cl AGOOGL	SPXV +0.29 points	2.51%	2.80%
Meta Platforms Inc-Class AMETA	SPXV +0.25 points	2.06%	2.31%
Micron Technology IncMU	SPXV +0.17 points	1.53%	1.70%
Advanced Micro DevicesAMD	SPXV +0.15 points	1.25%	1.40%
JPMorgan Chase & CoJPM	SPXV +0.16 points	1.37%	1.53%
Visa Inc-Class A SharesV	SPXV +0.15 points	1.05%	1.20%
Intel CorpINTC	SPXV +0.13 points	0.43%	0.56%
Exxonmobil Holdings CorpXOM	SPXV +0.12 points	1.19%	1.31%
Palantir Technologies Inc-APLTR	SPXV +0.12 points	0.60%	0.72%
Walmart IncWMT	SPXV +0.12 points	0.82%	0.94%
Chevron CorpCVX	SPXV +0.12 points	0.67%	0.79%
Mastercard Inc - AMA	SPXV +0.11 points	0.77%	0.88%
Alphabet Inc-Cl CGOOG	SPXV +0.09 points	2.16%	2.25%
Bank of America CorpBAC	SPXV +0.08 points	0.47%	0.55%
Costco Wholesale CorpCOST	SPXV +0.08 points	0.69%	0.77%
Cisco Systems IncCSCO	SPXV +0.07 points	0.63%	0.70%
Home Depot IncHD	SPXV +0.07 points	0.49%	0.56%
Coca-Cola Co/TheKO	SPXV +0.06 points	0.56%	0.62%
Procter & Gamble Co/ThePG	SPXV +0.06 points	0.58%	0.64%
Philip Morris InternationalPM	SPXV +0.05 points	0.50%	0.55%
Caterpillar IncCAT	SPXV +0.06 points	0.43%	0.49%
General ElectricGE	SPXV +0.05 points	0.48%	0.53%
Applied Materials IncAMAT	SPXV +0.06 points	0.47%	0.53%
Palo Alto Networks IncPANW	SPXV +0.06 points	0.45%	0.51%
Crowdstrike Holdings Inc - ACRWD	SPXV +0.05 points	0.38%	0.43%
Lam Research CorpLRCX	SPXV +0.05 points	0.46%	0.51%
Texas Instruments IncTXN	SPXV +0.06 points	0.41%	0.47%
Tesla IncTSLA	SPXV +0.05 points	1.87%	1.92%
Rtx CorpRTX	SPXV +0.05 points	0.41%	0.46%
Goldman Sachs Group IncGS	SPXV +0.04 points	0.40%	0.44%
Oracle CorpORCL	SPXV +0.04 points	0.34%	0.38%
Salesforce IncCRM	SPXV +0.04 points	0.28%	0.32%
Linde PLCLIN	SPXV +0.04 points	0.36%	0.40%
Analog Devices IncADI	SPXV +0.04 points	0.31%	0.35%
Amphenol Corp-Cl AAPH	SPXV +0.04 points	0.29%	0.33%
Netflix IncNFLX	SPXV +0.04 points	0.40%	0.44%
Intl Business Machines CorpIBM	SPXV +0.04 points	0.37%	0.41%
Mcdonald's CorpMCD	SPXV +0.04 points	0.27%	0.31%
S&P Global IncSPGI	SPXV +0.04 points	0.20%	0.24%
United Parcel Service-Cl BUPS	SPXV +0.04 points	0.10%	0.14%
Morgan StanleyMS	SPXV +0.03 points	0.34%	0.37%
Ge Vernova IncGEV	SPXV +0.04 points	0.35%	0.39%
Lumentum Holdings IncLITE	SPXV +0.04 points	0.09%	0.13%
Kla CorpKLAC	SPXV +0.03 points	0.32%	0.35%
Wells Fargo & CoWFC	SPXV +0.04 points	0.39%	0.43%
Western Digital CorpWDC	SPXV +0.03 points	0.19%	0.22%
Welltower IncWELL	SPXV +0.04 points	0.25%	0.29%
Pepsico IncPEP	SPXV +0.04 points	0.28%	0.32%
Deere & CoDE	SPXV +0.03 points	0.26%	0.29%
Qualcomm IncQCOM	SPXV +0.03 points	0.27%	0.30%
Nextera Energy IncNEE	SPXV +0.04 points	0.26%	0.30%
Dell Technologies -CDELL	SPXV +0.03 points	0.19%	0.22%
Arista Networks IncANET	SPXV +0.03 points	0.27%	0.30%
General Dynamics CorpGD	SPXV +0.03 points	0.13%	0.16%
Walt Disney Co/TheDIS	SPXV +0.03 points	0.30%	0.33%
Uber Technologies IncUBER	SPXV +0.03 points	0.20%	0.23%
Tjx Companies IncTJX	SPXV +0.03 points	0.23%	0.26%
Marvell Technology IncMRVL	SPXV +0.03 points	0.26%	0.29%
Southern Co/TheSO	SPXV +0.03 points	0.15%	0.18%
Vertiv Holdings Co-AVRT	SPXV +0.03 points	0.12%	0.15%
Union Pacific CorpUNP	SPXV +0.03 points	0.28%	0.31%
Seagate Technology HoldingsSTX	SPXV +0.03 points	0.22%	0.25%
ConocophillipsCOP	SPXV +0.03 points	0.29%	0.32%
Citigroup IncC	SPXV +0.03 points	0.32%	0.35%
Accenture Plc-Cl AACN	SPXV +0.03 points	0.24%	0.27%
Verizon Communications IncVZ	SPXV +0.03 points	0.29%	0.32%
Boeing Co/TheBA	SPXV +0.03 points	0.20%	0.23%
Aon Plc-Class AAON	SPXV +0.03 points	0.09%	0.12%
Marsh & Mclennan CosMRSH	SPXV +0.02 points	0.14%	0.16%
Sandisk CorpSNDK	SPXV +0.03 points	0.26%	0.29%
Pnc Financial Services GroupPNC	SPXV +0.02 points	0.13%	0.15%
Parker Hannifin CorpPH	SPXV +0.02 points	0.17%	0.19%
Altria Group IncMO	SPXV +0.02 points	0.20%	0.22%
Capital One Financial CorpCOF	SPXV +0.02 points	0.19%	0.21%
Apollo Global Management IncAPO	SPXV +0.02 points	0.07%	0.09%
Eaton Corp PLCETN	SPXV +0.02 points	0.22%	0.24%
Blackstone IncBX	SPXV +0.02 points	0.13%	0.15%
Entergy CorpETR	SPXV +0.02 points	0.07%	0.09%
Bank of New York Mellon CorpBNY	SPXV +0.02 points	0.15%	0.17%
Lennar Corp-ALEN	SPXV +0.02 points	<0.01%	0.03%
L3HARRIS Technologies IncLHX	SPXV +0.02 points	0.07%	0.09%
Corning IncGLW	SPXV +0.03 points	0.14%	0.17%
AT&T IncT	SPXV +0.02 points	0.23%	0.25%
Prologis IncPLD	SPXV +0.02 points	0.19%	0.21%
Quanta Services IncPWR	SPXV +0.02 points	0.14%	0.16%
Us BancorpUSB	SPXV +0.02 points	0.14%	0.16%
Lowe's Cos IncLOW	SPXV +0.02 points	0.18%	0.20%
Intercontinental Exchange InICE	SPXV +0.02 points	0.14%	0.16%
Arthur J Gallagher & CoAJG	SPXV +0.02 points	0.10%	0.12%
Adobe IncADBE	SPXV +0.02 points	0.15%	0.17%
American Tower CorpAMT	SPXV +0.02 points	0.13%	0.15%
Starbucks CorpSBUX	SPXV +0.02 points	0.18%	0.20%
Servicenow IncNOW	SPXV +0.01 points	0.17%	0.18%
Doordash Inc - ADASH	SPXV +0.01 points	0.10%	0.11%

All 502 BKLC holdings⁠All 445 SPXV 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 SPXV Cost

Overpaying SPXV vs BKLC

$1,898

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

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

Amount$10,000

Years30 years

Cost over time

BKLC 0.00%
SPXV 0.09%
Overpaying

Year by year

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

Expense ratio

0.00%BKLC, cheaper
0.09%SPXV

BKLC0.00%SPXV0.09%

0.00%1.25%

Middle half of US Large-Cap funds
Median 0.20%

BKLC cheapest of 29 funds

SPXV 7th cheapest of 29 funds

BKLC vs SPXV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BKLC No data; SPXV 0.93%
Payout (12M): BKLC No data; SPXV $0.76
Last payment: BKLC $0.13; SPXV $0.18
Ex-dividend: BKLC Oct 1, 2026; SPXV Sep 23, 2026
Paid on: BKLC Oct 6, 2026; SPXV Sep 29, 2026
Frequency: BKLC Quarterly; SPXV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BKLCQuarterly · 20 paymentsAll BKLC payments⁠

SPXVQuarterly · 39 paymentsAll SPXV payments⁠

BKLC vs SPXV Risk

Fall from peak · 5 years

BKLC
SPXV

Risk facts

VolatilityStd dev, 3 years: BKLC 12.7%, betterSPXV 13.3%
Return per unit of riskSharpe ratio, 3 years: BKLC 1.37SPXV 1.38, better
Worst fallMax drawdown, 5 years: BKLC −26.2%, betterSPXV −26.6%
Market sensitivityBeta, 5 years: BKLC 1.02SPXV 1.07; Market = 1

BKLC and SPXV 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 SPXV

In short

Stated mandate

Why people hold it

Worth knowing

How BKLC and SPXV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BKLC

Only in SPXV

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 SPXV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BKLC

Only in SPXV

Weight gaps