BKLC vs VV: Grades, Fees and Holdings Compared

BNY Mellon US Large Cap Core Equity ETF

BKLCANYSE Arca

Vanguard Morningstar Large-Cap ETF

VVANYSE Arca

Overlap

92.2%by weight

Expense ratio

BKLC −0.03pt a year

BKLC0.00%VV0.03%

Avg volume · 30D

BKLC 2.8×the volume

BKLC628KVV223K

5Y return · a year

BKLC +0.2pt

BKLC+11.8%VV+11.6%

BKLC vs VV Performance

Oct 29, 2021 – Oct 30, 2026

+74.7%BKLC+73.2%VV

Expense ratio: BKLC 0.00%, better; VV 0.03%
Fund size: BKLC $6.88B; VV $76B
1Y total return: BKLC +11.2%; VV +11.5%, better
Yield (12M): BKLC No data; VV 1.03%
Holdings: BKLC 504; VV 423
Avg volume (30D): BKLC 628K sh, better; VV 223K sh
NAV per share: BKLC $48.23; VV $348.06
52W range

ETF.net Grade

Pillar letters and Scores for BKLC, VV, with each pillar’s weight
Pillar	BKLC	VV
Cost30% weight	A100Higher	A91
Mission25% weight	A100Higher	A99
Risk15% weight	C53	B55Higher
Tradability15% weight	B66Higher	B57
Holdings10% weight	B61Higher	C51
Durability5% weight	A73	A93Higher

Rank among US Large-Cap funds

How we build Categories ›

Same Category. BKLC and VV 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 VV 4th 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 4AVVVanguard Morningstar Large-Cap ETFScore 78
Rank 5AIWBiShares Russell 1000 ETFScore 77

Our read on each fund

ETF.net Research

BKLCABNY Mellon US Large Cap Core Equity ETF

VVAVanguard Morningstar 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%.

VV Vanguard's rules-based read on large cap: own whatever sits in the top 85% of the US market, about 500 names, for 0.03% a year. Running since 2004.

Stated mandate

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

VV The fund seeks to track the CRSP US Large Cap Index through a passive, full-replication strategy focused predominantly on large U.S. companies diversified across growth and value styles.

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.

VV Charges 0.03% a year against a 0.14% median for its large-cap peer group. Among the cohort's top names, only SCHX matches that fee.
Full replication: it buys every stock in the index at roughly index weight, and it has tracked that benchmark very closely.vanguard.com
The ETF share class of a Vanguard index fund launched in 2004, now a multi-billion-dollar strategy with mutual fund siblings alongside it.vanguard.com
Cost, tracking and staying power put it in the top tier of a crowded 24-fund large-cap cohort.

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

VV Market-cap weighted, so the biggest US companies (and their sector tilts) carry most of the weight.vanguard.com
The index stops at the top 85% of US investable market cap: mid- and small-cap names sit outside it.vanguard.com
After Morningstar acquired CRSP, the benchmark and the fund name picked up the Morningstar label. Same index, same fund.vanguard.com vanguard.com 2

Full BKLC profile⁠

Full VV profile⁠

BKLC vs VV Holdings

How BKLC and VV differ

Overlap by weight

92.2%

Shared holdings make up 99.0% of VV and 96.6% of BKLC.

Level by level

Holdings407 in both92.2%
Sector11 Sectors98.7%
Countryby domicile99.3%
Asset classEquity100%

Sector

Sector weights in BKLC and VV, widest gap first
Sector	More in BKLCMore in VV	BKLC	VV
Technology	VV +0.9 points	40.2%	41.1%
Consumer Discretionary	BKLC +0.5 points	8.8%	8.3%
Financials	VV +0.4 points	10.9%	11.3%
Health Care	BKLC +0.2 points	9.4%	9.2%
Industrials	BKLC +0.2 points	7.8%	7.6%
Utilities	BKLC +0.1 points	1.8%	1.7%
Consumer Staples	VV +0.1 points	4.2%	4.3%
Materials	BKLC +0.1 points	1.7%	1.6%
Communication	BKLC +0.1 points	10.1%	10.0%
Real Estate	Same weight	1.5%	1.5%
Energy	Same weight	3.5%	3.5%

Country, concentration and asset class

Country by domicile

Country weights in BKLC and VV, widest gap first
Country	More in BKLCMore in VV	BKLC	VV
United States	VV +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%
VV39.5%

Securities held

BKLC503
VV422

Asset class

BKLC: Equity
VV: Equity

Holdings

Only in BKLC96
In both407
Only in VV15

Only in BKLC

96 securities, 3.4% of BKLC by weight

Elevance Health Inc0.14%
Trane Technologies PLC0.14%
Mercadolibre Inc0.12%
Nxp Semiconductors NV0.10%
Natera Inc0.09%
Becton Dickinson and Co0.08%
Vylor Inc0.07%
Vivmark Residential0.07%
Block Inc0.07%
Everpure Inc-A0.06%
Anglogold Ashanti PLC0.06%
Illumina Inc0.05%
Revolution Medicines Inc0.05%
Okta Inc0.05%
Emcor Group Inc0.05%
Atmos Energy Corp0.05%
Twilio Inc - A0.04%
Jabil Inc0.04%
Royalty Pharma Plc- Class A0.04%
Williams-Sonoma Inc0.04%
Dreyfus Institutional Preferred Government Money M0.04%
Technipfmc PLC0.04%
Tapestry Inc0.04%
Credo Technology Group Holdi0.04%
United Therapeutics Corp0.04%
Amrize Ltd0.04%
Entegris Inc0.04%
Aercap Holdings NV0.04%
Net Current Assets0.04%
Omnicom Group0.04%
Casey's General Stores Inc0.03%
Ati Inc0.03%
Reliance Inc0.03%
Xpo Inc0.03%
Smurfit Westrock PLC0.03%
Steris PLC0.03%
Expand Energy Corp0.03%
Cdw Corp/De0.03%
Fortive Corp0.03%
Affirm Holdings Inc0.03%
First Citizens Bcshs -Cl A0.03%
Alliant Energy Corp0.03%
F5 Inc0.03%
Incyte Corp0.03%
Essex Property Trust Inc0.03%
Evergy Inc0.03%
Woodward Inc0.03%
Dupont De Nemours Inc0.03%
Nvent Electric PLC0.03%
Royal Gold Inc0.03%

Only in VV

15 securities, 1.0% of VV by weight

Trane Technologies PLC0.15%
Elevance Health Inc0.13%
Warner Bros Discovery Inc0.11%
Honeywell Aerospace Inc0.08%
Becton Dickinson & Co0.08%
Vivmark Residential0.07%
Berkshire Hathaway Inc0.07%
Block Inc0.06%
Waste Connections Inc0.06%
Kenvue Inc0.05%
Fiserv Inc0.03%
Steris PLC0.03%
Snap-on Inc0.03%
SLBBH1142<0.01%
Abiomed Inc-Cvr0.00%

Weight gaps

The 100 widest of 407 Holdings in both funds.

Holding weights in BKLC and VV, widest gap first
Holding	More in BKLCMore in VV	BKLC	VV
NVIDIA CorpNVDA	VV +0.84 points	7.28%	8.12%
Alphabet Inc-Cl AGOOGL	VV +0.63 points	2.51%	3.14%
Meta Platforms Inc-Class AMETA	VV +0.42 points	2.06%	2.48%
Intel CorpINTC	VV +0.41 points	0.43%	0.84%
Micron Technology IncMU	VV +0.34 points	1.53%	1.87%
Alphabet Inc-Cl CGOOG	VV +0.33 points	2.16%	2.49%
Tesla IncTSLA	BKLC +0.32 points	1.87%	1.55%
Eli Lilly & CoLLY	BKLC +0.31 points	1.83%	1.52%
Advanced Micro DevicesAMD	VV +0.30 points	1.25%	1.55%
Broadcom IncAVGO	VV +0.28 points	2.32%	2.60%
Amazon.com IncAMZN	VV +0.23 points	3.53%	3.76%
Berkshire Hathaway Inc-Cl BBRK.B	VV +0.19 points	1.16%	1.35%
Lam Research CorpLRCX	VV +0.18 points	0.46%	0.64%
Visa Inc-Class A SharesV	BKLC +0.17 points	1.05%	0.88%
Applied Materials IncAMAT	VV +0.16 points	0.47%	0.63%
Caterpillar IncCAT	VV +0.15 points	0.43%	0.58%
Exxonmobil Holdings CorpXOM	BKLC +0.14 points	1.19%	1.05%
Sandisk CorpSNDK	VV +0.14 points	0.26%	0.40%
Walmart IncWMT	BKLC +0.11 points	0.82%	0.71%
Seagate Technology HoldingsSTX	VV +0.10 points	0.22%	0.32%
Mastercard Inc - AMA	BKLC +0.10 points	0.77%	0.67%
Marvell Technology IncMRVL	VV +0.10 points	0.26%	0.36%
Bank of America CorpBAC	VV +0.09 points	0.47%	0.56%
Kla CorpKLAC	VV +0.08 points	0.32%	0.40%
Chevron CorpCVX	BKLC +0.07 points	0.67%	0.60%
AbbVie IncABBV	BKLC +0.08 points	0.80%	0.72%
Microsoft CorpMSFT	VV +0.08 points	5.84%	5.92%
Arista Networks IncANET	VV +0.07 points	0.27%	0.34%
Corteva IncCTVA	VV +0.07 points	0.01%	0.08%
Accenture Plc-Cl AACN	BKLC +0.07 points	0.24%	0.17%
Moderna IncMRNA	BKLC +0.07 points	0.12%	0.05%
Costco Wholesale CorpCOST	BKLC +0.06 points	0.69%	0.63%
Dell Technologies -CDELL	VV +0.05 points	0.19%	0.24%
Procter & Gamble Co/ThePG	BKLC +0.06 points	0.58%	0.52%
Western Digital CorpWDC	VV +0.05 points	0.19%	0.24%
ConocophillipsCOP	BKLC +0.06 points	0.29%	0.23%
Home Depot IncHD	BKLC +0.05 points	0.49%	0.44%
Intl Business Machines CorpIBM	BKLC +0.05 points	0.37%	0.32%
Servicenow IncNOW	VV +0.05 points	0.17%	0.22%
Palo Alto Networks IncPANW	VV +0.05 points	0.45%	0.50%
Netflix IncNFLX	VV +0.05 points	0.40%	0.45%
BlackRock IncBLK	BKLC +0.05 points	0.28%	0.23%
Kimberly-Clark CorpKMB	BKLC +0.05 points	0.10%	0.05%
Fortinet IncFTNT	VV +0.04 points	0.13%	0.17%
UnitedHealth Group IncUNH	BKLC +0.05 points	0.56%	0.51%
Lockheed Martin CorpLMT	BKLC +0.05 points	0.23%	0.18%
Lumentum Holdings IncLITE	VV +0.05 points	0.09%	0.14%
Ge Vernova IncGEV	VV +0.04 points	0.35%	0.39%
Corning IncGLW	VV +0.05 points	0.14%	0.19%
Eaton Corp PLCETN	VV +0.04 points	0.22%	0.26%
Coca-Cola Co/TheKO	BKLC +0.04 points	0.56%	0.52%
Cloudflare Inc - Class ANET	VV +0.03 points	0.14%	0.17%
Cisco Systems IncCSCO	BKLC +0.04 points	0.63%	0.59%
Applovin Corp-Class AAPP	VV +0.04 points	0.09%	0.13%
Robinhood Markets Inc - AHOOD	VV +0.04 points	0.10%	0.14%
PayPal Holdings IncPYPL	BKLC +0.04 points	0.08%	0.04%
Philip Morris InternationalPM	BKLC +0.04 points	0.50%	0.46%
Gilead Sciences IncGILD	BKLC +0.03 points	0.32%	0.29%
Bloom Energy Corp- ABE	VV +0.03 points	0.09%	0.12%
Palantir Technologies Inc-APLTR	VV +0.04 points	0.60%	0.64%
Qualcomm IncQCOM	VV +0.03 points	0.27%	0.30%
Astera Labs IncALAB	VV +0.04 points	0.05%	0.09%
Teradyne IncTER	VV +0.04 points	0.06%	0.10%
AT&T IncT	VV +0.03 points	0.23%	0.26%
Amgen IncAMGN	BKLC +0.03 points	0.38%	0.35%
American Express CoAXP	BKLC +0.03 points	0.27%	0.24%
Amphenol Corp-Cl AAPH	VV +0.03 points	0.29%	0.32%
Centene CorpCNC	BKLC +0.03 points	0.05%	0.02%
Oracle CorpORCL	VV +0.03 points	0.34%	0.37%
Steel Dynamics IncSTLD	BKLC +0.03 points	0.05%	0.02%
Union Pacific CorpUNP	BKLC +0.03 points	0.28%	0.25%
Eqt CorpEQT	BKLC +0.03 points	0.05%	0.02%
General ElectricGE	VV +0.02 points	0.48%	0.50%
Marathon Petroleum CorpMPC	BKLC +0.03 points	0.20%	0.17%
Datadog Inc - Class ADDOG	VV +0.02 points	0.12%	0.14%
Coreweave Inc-Cl ACRWV	VV +0.02 points	0.03%	0.05%
S&P Global IncSPGI	BKLC +0.02 points	0.20%	0.18%
Intuit IncINTU	BKLC +0.02 points	0.14%	0.12%
Automatic Data ProcessingADP	BKLC +0.02 points	0.18%	0.16%
Chubb LtdCB	BKLC +0.02 points	0.20%	0.18%
Marriott International -Cl AMAR	BKLC +0.02 points	0.14%	0.12%
Schwab (Charles) CorpSCHW	VV +0.03 points	0.22%	0.25%
Altria Group IncMO	BKLC +0.03 points	0.20%	0.17%
Regeneron PharmaceuticalsREGN	BKLC +0.02 points	0.14%	0.12%
Coherent CorpCOHR	VV +0.03 points	0.06%	0.09%
Lennar Corp - B ShsLEN.B	BKLC +0.02 points	0.02%	<0.01%
Strategy IncMSTR	VV +0.03 points	0.06%	0.09%
Boeing Co/TheBA	VV +0.03 points	0.20%	0.23%
Linde PLCLIN	BKLC +0.02 points	0.36%	0.34%
Rtx CorpRTX	BKLC +0.02 points	0.41%	0.39%
Comfort Systems Usa IncFIX	VV +0.02 points	0.07%	0.09%
Mckesson CorpMCK	BKLC +0.03 points	0.18%	0.15%
Progressive CorpPGR	BKLC +0.02 points	0.21%	0.19%
Vertiv Holdings Co-AVRT	VV +0.02 points	0.12%	0.14%
Eog Resources IncEOG	BKLC +0.02 points	0.13%	0.11%
Abbott LaboratoriesABT	BKLC +0.02 points	0.29%	0.27%
Cme Group IncCME	BKLC +0.02 points	0.17%	0.15%
Alnylam Pharmaceuticals IncALNY	VV +0.02 points	0.03%	0.05%
Roper Technologies IncROP	BKLC +0.02 points	0.07%	0.05%
Intl Flavors & FragrancesIFF	BKLC +0.02 points	0.04%	0.02%

All 502 BKLC holdings⁠All 479 VV 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 VV Cost

Overpaying VV vs BKLC

$638

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

BKLC 0.00%
$0
VV 0.03%
$638

Amount$10,000

Years30 years

Cost over time

BKLC 0.00%
VV 0.03%
Overpaying

Year by year

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

Expense ratio

0.00%BKLC, cheaper
0.03%VV

BKLC0.00%VV0.03%

0.00%1.25%

Middle half of US Large-Cap funds
Median 0.20%

BKLC cheapest of 29 funds

VV 3rd cheapest of 29 funds

BKLC vs VV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BKLC No data; VV 1.03%
Payout (12M): BKLC No data; VV $3.60
Last payment: BKLC $0.13; VV $0.90
Ex-dividend: BKLC Oct 1, 2026; VV Sep 28, 2026
Paid on: BKLC Oct 6, 2026; VV Sep 30, 2026
Frequency: BKLC Quarterly; VV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BKLCQuarterly · 20 paymentsAll BKLC payments⁠

VVQuarterly · 39 paymentsAll VV payments⁠

BKLC vs VV Risk

Fall from peak · 5 years

BKLC
VV

Risk facts

VolatilityStd dev, 3 years: BKLC 12.7%VV 12.5%, better
Return per unit of riskSharpe ratio, 3 years: BKLC 1.37VV 1.41, better
Worst fallMax drawdown, 5 years: BKLC −26.2%VV −25.7%, better
Market sensitivityBeta, 5 years: BKLC 1.02VV 1.02; Market = 1

BKLC and VV 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
Head-to-Head
IVW vs. VV: iShares’ growth ETF holds almost nothing Vanguard’s doesn’t, at six times the fee
Oct 28, 2026VV
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, 2026VV

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BKLC vs VV

In short

Stated mandate

Why people hold it