BKLC vs VONE: Grades, Fees and Holdings Compared

BNY Mellon US Large Cap Core Equity ETF

BKLCANYSE Arca

Vanguard Russell 1000 ETF

VONEANasdaq

Overlap

89.5%by weight

Expense ratio

BKLC −0.06pt a year

BKLC0.00%VONE0.06%

Avg volume · 30D

BKLC 6.0×the volume

BKLC628KVONE104K

5Y return · a year

BKLC +0.5pt

BKLC+11.6%VONE+11.1%

BKLC vs VONE Performance

Nov 2, 2021 – Nov 2, 2026

+72.9%BKLC+69.0%VONE

Expense ratio: BKLC 0.00%, better; VONE 0.06%
Fund size: BKLC $6.88B; VONE $12.2B
1Y total return: BKLC +10.4%; VONE +11.3%, better
Yield (12M): BKLC No data; VONE 1.03%
Holdings: BKLC 504; VONE 1036
Avg volume (30D): BKLC 628K sh, better; VONE 104K sh
NAV per share: BKLC $48.23; VONE $341.62
52W range

ETF.net Grade

Pillar letters and Scores for BKLC, VONE, with each pillar’s weight
Pillar	BKLC	VONE
Cost30% weight	A100Higher	A86
Mission25% weight	A100	A100
Risk15% weight	C50	C54Higher
Tradability15% weight	B65Higher	C53
Holdings10% weight	B64	B66Higher
Durability5% weight	A73	A91Higher

Rank among US Large-Cap funds

How we build Categories ›

Same Category. BKLC and VONE 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 VONE 5th of 29 funds in the US Large-Cap Category.

Rank 1ASCHXSchwab U.S. Large-Cap ETFScore 84
Rank 2ABKLCBNY Mellon US Large Cap Core Equity ETFScore 82
Rank 3AEPSWisdomTree U.S. LargeCap FundScore 80
Rank 5AIWBiShares Russell 1000 ETFScore 77
Rank 5AVONEVanguard Russell 1000 ETFScore 77
Rank 7BIWLiShares Russell Top 200 ETFScore 69

Our read on each fund

ETF.net Research

BKLCABNY Mellon US Large Cap Core Equity ETF

VONEAVanguard Russell 1000 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%.

VONE The Russell 1000 is the standard-issue US large-cap benchmark, and VONE is the low-fee door into it: about 1,000 names for 0.06%, well under half what the other big fund tracking the same index charges.

Stated mandate

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

VONE The fund seeks to track the performance of the Russell 1000 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.

VONE Same declared index as the pricier incumbent at 0.15%, for 0.06%. That is under half the fee, and comfortably below the 0.14% the typical large-cap tracker charges.
Plain plumbing: about 1,000 US large caps, no tilts or screens. The Russell lineup is rebuilt on a published calendar, now twice a year, so risers enter on schedule.lseg.com
Running since 2010 and now a multi-billion-dollar fund, it sits in the top quartile of its large-cap peer group and pays quarterly.

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

VONE A thousand names sounds sweeping, but the sleeve is US-only and large-cap-only. No small caps, no international exposure.
Cheap, not cheapest. SCHX and VV run 0.03% and BKLC runs 0.00%, though each tracks a different large-cap index rather than the Russell 1000.
Volume is moderate rather than hub-like, so larger orders can meet thinner depth than in the category's busiest tickers.

Full BKLC profile⁠

Full VONE profile⁠

BKLC vs VONE Holdings

How BKLC and VONE differ

Overlap by weight

89.5%

Shared holdings make up 98.6% of BKLC and 92.6% of VONE.

Level by level

Holdings481 in both89.5%
Sector11 Sectors98.0%
Countryby domicile99.3%
Asset classEquity100%

Sector

Sector weights in BKLC and VONE, widest gap first
Sector	More in BKLCMore in VONE	BKLC	VONE
Technology	BKLC +1.5 points	40.2%	38.7%
Industrials	VONE +0.7 points	7.8%	8.5%
Financials	VONE +0.5 points	10.9%	11.4%
Communication	BKLC +0.5 points	10.1%	9.6%
Real Estate	VONE +0.5 points	1.5%	2.0%
Materials	VONE +0.1 points	1.7%	1.8%
Health Care	VONE +0.1 points	9.4%	9.5%
Consumer Discretionary	VONE +0.1 points	8.8%	8.9%
Utilities	VONE +0.1 points	1.8%	1.9%
Consumer Staples	Same weight	4.2%	4.2%
Energy	Same weight	3.5%	3.5%

Country, concentration and asset class

Country by domicile

Country weights in BKLC and VONE, widest gap first
Country	More in BKLCMore in VONE	BKLC	VONE
United States	VONE +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%
VONE36.0%

Securities held

BKLC503
VONE1,033

Asset class

BKLC: Equity
VONE: Equity

Holdings

Only in BKLC22
In both481
Only in VONE552

Only in BKLC

22 securities, 1.4% of BKLC by weight

Seagate Technology Holdings0.22%
Elevance Health Inc0.14%
Trane Technologies PLC0.14%
Mercadolibre Inc0.12%
Nxp Semiconductors NV0.10%
Te Connectivity PLC0.10%
Becton Dickinson and Co0.08%
Vylor Inc0.07%
Vivmark Residential0.07%
Block Inc0.07%
Dreyfus Institutional Preferred Government Money M0.04%
Amrize Ltd0.04%
Aercap Holdings NV0.04%
Net Current Assets0.04%
Steris PLC0.03%
Fiserv Inc0.03%
Bunge Global SA0.02%
Venture Global Inc-Cl A0.02%
Cerebras Systems Inc - A0.01%
Flutter Entertainment Plc-Di0.01%
Warner Music Group Corp-Cl A<0.01%
Symbotic Inc<0.01%

Only in VONE

552 securities, 7.0% of VONE by weight

Trane Technologies PLC0.14%
Elevance Health Inc0.12%
Spotify Technology SA0.11%
Warner Bros Discovery Inc0.11%
Becton Dickinson & Co0.07%
Honeywell Aerospace Inc0.07%
Vivmark Residential0.07%
NU Holdings Ltd/Cayman Islands0.06%
Block Inc0.05%
Kenvue Inc0.05%
Restaurant Brands International Inc0.03%
SLBBH11420.03%
Fiserv Inc0.03%
Guardant Health Inc0.03%
Viatris Inc0.03%
Steris PLC0.03%
Tenet Healthcare Corp0.03%
US Foods Holding Corp0.03%
Roku Inc0.03%
Liberty Media Corp0.03%
TD SYNNEX Corp0.03%
MACOM Technology Solutions Holdings Inc0.03%
Nutanix Inc0.03%
Snap-on Inc0.03%
Coeur Mining Inc0.03%
ITT Inc0.03%
Lattice Semiconductor Corp0.03%
Zebra Technologies Corp0.03%
CF Industries Holdings Inc0.03%
Rubrik Inc0.02%
CH Robinson Worldwide Inc0.02%
Nordson Corp0.02%
WESCO International Inc0.02%
Best Buy Co Inc0.02%
Revvity Inc0.02%
Burlington Stores Inc0.02%
East West Bancorp Inc0.02%
IDEX Corp0.02%
Dynatrace Inc0.02%
Brookfield Asset Management Ltd0.02%
Permian Resources Corp0.02%
TRS:PAYPAL HOLDINGS INC USD 2027-Aug-310.02%
Semtech Corp0.02%
HF Sinclair Corp0.02%
Reinsurance Group of America Inc0.02%
Ovintiv Inc0.02%
BitMine Immersion Technologies Inc0.02%
Clean Harbors Inc0.02%
RBC Bearings Inc0.02%
PTC Inc0.02%

Weight gaps

The 100 widest of 481 Holdings in both funds.

Holding weights in BKLC and VONE, widest gap first
Holding	More in BKLCMore in VONE	BKLC	VONE
Apple IncAAPL	BKLC +0.72 points	7.53%	6.81%
Eli Lilly & CoLLY	BKLC +0.52 points	1.83%	1.31%
Microsoft CorpMSFT	BKLC +0.45 points	5.84%	5.39%
Tesla IncTSLA	BKLC +0.40 points	1.87%	1.47%
Intel CorpINTC	VONE +0.35 points	0.43%	0.78%
Alphabet Inc-Cl AGOOGL	VONE +0.33 points	2.51%	2.84%
NVIDIA CorpNVDA	VONE +0.26 points	7.28%	7.54%
Exxonmobil Holdings CorpXOM	BKLC +0.24 points	1.19%	0.95%
Meta Platforms Inc-Class AMETA	VONE +0.20 points	2.06%	2.26%
Visa Inc-Class A SharesV	BKLC +0.19 points	1.05%	0.86%
Micron Technology IncMU	VONE +0.17 points	1.53%	1.70%
Walmart IncWMT	BKLC +0.17 points	0.82%	0.65%
Advanced Micro DevicesAMD	VONE +0.16 points	1.25%	1.41%
Berkshire Hathaway Inc-Cl BBRK.B	VONE +0.15 points	1.16%	1.31%
AbbVie IncABBV	BKLC +0.14 points	0.80%	0.66%
Chevron CorpCVX	BKLC +0.13 points	0.67%	0.54%
Mastercard Inc - AMA	BKLC +0.14 points	0.77%	0.63%
Alphabet Inc-Cl CGOOG	VONE +0.13 points	2.16%	2.29%
Lam Research CorpLRCX	VONE +0.12 points	0.46%	0.58%
JPMorgan Chase & CoJPM	BKLC +0.12 points	1.37%	1.25%
Costco Wholesale CorpCOST	BKLC +0.12 points	0.69%	0.57%
Amazon.com IncAMZN	BKLC +0.11 points	3.53%	3.42%
Johnson & JohnsonJNJ	BKLC +0.11 points	1.01%	0.90%
Applied Materials IncAMAT	VONE +0.10 points	0.47%	0.57%
Procter & Gamble Co/ThePG	BKLC +0.10 points	0.58%	0.48%
Sandisk CorpSNDK	VONE +0.10 points	0.26%	0.36%
Home Depot IncHD	BKLC +0.09 points	0.49%	0.40%
Caterpillar IncCAT	VONE +0.09 points	0.43%	0.52%
UnitedHealth Group IncUNH	BKLC +0.09 points	0.56%	0.47%
Intl Business Machines CorpIBM	BKLC +0.08 points	0.37%	0.29%
Coca-Cola Co/TheKO	BKLC +0.09 points	0.56%	0.47%
Accenture Plc-Cl AACN	BKLC +0.08 points	0.24%	0.16%
Lockheed Martin CorpLMT	BKLC +0.08 points	0.23%	0.15%
Philip Morris InternationalPM	BKLC +0.08 points	0.50%	0.42%
ConocophillipsCOP	BKLC +0.07 points	0.29%	0.22%
Marvell Technology IncMRVL	VONE +0.07 points	0.26%	0.33%
Amgen IncAMGN	BKLC +0.06 points	0.38%	0.32%
Corteva IncCTVA	VONE +0.06 points	0.01%	0.07%
Gilead Sciences IncGILD	BKLC +0.06 points	0.32%	0.26%
Rtx CorpRTX	BKLC +0.06 points	0.41%	0.35%
Merck & Co. Inc.MRK	BKLC +0.05 points	0.56%	0.51%
Texas Instruments IncTXN	BKLC +0.05 points	0.41%	0.36%
Goldman Sachs Group IncGS	BKLC +0.06 points	0.40%	0.34%
Linde PLCLIN	BKLC +0.05 points	0.36%	0.31%
Wells Fargo & CoWFC	BKLC +0.05 points	0.39%	0.34%
Kimberly-Clark CorpKMB	BKLC +0.06 points	0.10%	0.04%
Union Pacific CorpUNP	BKLC +0.05 points	0.28%	0.23%
BlackRock IncBLK	BKLC +0.05 points	0.28%	0.23%
Kla CorpKLAC	VONE +0.04 points	0.32%	0.36%
Abbott LaboratoriesABT	BKLC +0.05 points	0.29%	0.24%
Dell Technologies -CDELL	VONE +0.04 points	0.19%	0.23%
American Express CoAXP	BKLC +0.04 points	0.27%	0.23%
Pepsico IncPEP	BKLC +0.04 points	0.28%	0.24%
Nextera Energy IncNEE	BKLC +0.04 points	0.26%	0.22%
Mcdonald's CorpMCD	BKLC +0.04 points	0.27%	0.23%
Altria Group IncMO	BKLC +0.04 points	0.20%	0.16%
Thermo Fisher Scientific IncTMO	BKLC +0.03 points	0.39%	0.35%
PayPal Holdings IncPYPL	BKLC +0.04 points	0.08%	0.04%
Morgan StanleyMS	BKLC +0.04 points	0.34%	0.30%
Progressive CorpPGR	BKLC +0.04 points	0.21%	0.17%
Chubb LtdCB	BKLC +0.04 points	0.20%	0.16%
Automatic Data ProcessingADP	BKLC +0.03 points	0.18%	0.15%
Intuit IncINTU	BKLC +0.04 points	0.14%	0.10%
Walt Disney Co/TheDIS	BKLC +0.04 points	0.30%	0.26%
Regeneron PharmaceuticalsREGN	BKLC +0.03 points	0.14%	0.11%
S&P Global IncSPGI	BKLC +0.03 points	0.20%	0.17%
Mckesson CorpMCK	BKLC +0.04 points	0.18%	0.14%
Northrop Grumman CorpNOC	BKLC +0.04 points	0.13%	0.09%
Marathon Petroleum CorpMPC	BKLC +0.04 points	0.20%	0.16%
Pfizer IncPFE	BKLC +0.03 points	0.26%	0.23%
Arista Networks IncANET	VONE +0.03 points	0.27%	0.30%
Cme Group IncCME	BKLC +0.04 points	0.17%	0.13%
Lowe's Cos IncLOW	BKLC +0.03 points	0.18%	0.15%
Waste Management IncWM	BKLC +0.03 points	0.14%	0.11%
Analog Devices IncADI	BKLC +0.04 points	0.31%	0.27%
Western Digital CorpWDC	VONE +0.03 points	0.19%	0.22%
Duke Energy CorpDUK	BKLC +0.03 points	0.16%	0.13%
Intuitive Surgical IncISRG	BKLC +0.03 points	0.23%	0.20%
Medtronic PLCMDT	BKLC +0.03 points	0.19%	0.16%
Marriott International -Cl AMAR	BKLC +0.03 points	0.14%	0.11%
Starbucks CorpSBUX	BKLC +0.03 points	0.18%	0.15%
Phillips 66PSX	BKLC +0.03 points	0.17%	0.14%
Bank of America CorpBAC	VONE +0.03 points	0.47%	0.50%
Eog Resources IncEOG	BKLC +0.03 points	0.13%	0.10%
Cisco Systems IncCSCO	BKLC +0.03 points	0.63%	0.60%
Servicenow IncNOW	VONE +0.02 points	0.17%	0.19%
Vertex Pharmaceuticals IncVRTX	BKLC +0.03 points	0.22%	0.19%
Corning IncGLW	VONE +0.03 points	0.14%	0.17%
Tjx Companies IncTJX	BKLC +0.02 points	0.23%	0.21%
Mondelez International Inc-AMDLZ	BKLC +0.02 points	0.13%	0.11%
Cheniere Energy IncLNG	BKLC +0.03 points	0.11%	0.08%
Capital One Financial CorpCOF	BKLC +0.02 points	0.19%	0.17%
Fortinet IncFTNT	VONE +0.02 points	0.13%	0.15%
General Motors CoGM	BKLC +0.02 points	0.12%	0.10%
Roper Technologies IncROP	BKLC +0.02 points	0.07%	0.05%
Csx CorpCSX	BKLC +0.03 points	0.15%	0.12%
United Rentals IncURI	BKLC +0.02 points	0.11%	0.09%
Teradyne IncTER	VONE +0.03 points	0.06%	0.09%
Autodesk IncADSK	BKLC +0.03 points	0.09%	0.06%
Bloom Energy Corp- ABE	VONE +0.02 points	0.09%	0.11%

All 502 BKLC holdings⁠All 1,009 VONE 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 VONE Cost

Overpaying VONE vs BKLC

$1,270

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

BKLC 0.00%
$0
VONE 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

BKLC 0.00%
VONE 0.06%
Overpaying

Year by year

Year	BKLC	VONE	Overpaying
10	$0	$110	$110
20	$0	$432	$432
30	$0	$1,270	$1,270

Expense ratio

0.00%BKLC, cheaper
0.06%VONE

BKLC0.00%VONE0.06%

0.00%1.25%

Middle half of US Large-Cap funds
Median 0.20%

BKLC cheapest of 29 funds

VONE 5th cheapest of 29 funds

BKLC vs VONE Dividends

Last 12 months to Nov 2, 2026

Yield (12M): BKLC No data; VONE 1.03%
Payout (12M): BKLC No data; VONE $3.50
Last payment: BKLC $0.13; VONE $0.89
Ex-dividend: BKLC Oct 1, 2026; VONE Sep 23, 2026
Paid on: BKLC Oct 6, 2026; VONE Sep 25, 2026
Frequency: BKLC Quarterly; VONE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BKLCQuarterly · 20 paymentsAll BKLC payments⁠

VONEQuarterly · 39 paymentsAll VONE payments⁠

BKLC vs VONE Risk

Fall from peak · 5 years

BKLC
VONE

Risk facts

VolatilityStd dev, 3 years: BKLC 12.7%VONE 12.5%, better
Return per unit of riskSharpe ratio, 3 years: BKLC 1.37VONE 1.39, better
Worst fallMax drawdown, 5 years: BKLC −26.2%VONE −25.1%, better
Market sensitivityBeta, 5 years: BKLC 1.02VONE 1.02; Market = 1

BKLC and VONE 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 VONE

In short

Stated mandate

Why people hold it

Worth knowing

How BKLC and VONE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BKLC

Only in VONE

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 VONE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BKLC

Only in VONE

Weight gaps