BKLC vs XOEF: Grades, Fees and Holdings Compared

BNY Mellon US Large Cap Core Equity ETF

BKLCANYSE Arca

iShares S&P 500 ex S&P 100 ETF

XOEFBNYSE Arca

Overlap

24.3%by weight

Expense ratio

BKLC −0.20pt a year

BKLC0.00%XOEF0.20%

Avg volume · 30D

BKLC 159.1×the volume

BKLC643KXOEF4.04K

BKLC vs XOEF Performance

Nov 7, 2025 – Nov 9, 2026

+12.5%BKLC+19.7%XOEF

Expense ratio: BKLC 0.00%, better; XOEF 0.20%
Fund size: BKLC $6.75B; XOEF $22M
1Y total return: BKLC +12.5%; XOEF +19.7%, better
Yield (12M): BKLC No data; XOEF 1.09%
Holdings: BKLC 506; XOEF 406
Avg volume (30D): BKLC 643K sh, better; XOEF 4.04K sh
NAV per share: BKLC $46.90; XOEF $29.12
52W range

ETF.net Grade

Pillar letters and Scores for BKLC, XOEF, with each pillar’s weight
Pillar	BKLC	XOEF
Cost30% weight	A100Higher	C50
Mission25% weight	A100Higher	A81
Risk15% weight	C53	B69Higher
Tradability15% weight	B64Higher	C46
Holdings10% weight	B62	A76Higher
Durability5% weight	A73Higher	D31

Rank among US Large-Cap funds

How we build Categories ›

Same Category. BKLC and XOEF 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 XOEF 13th 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 81
Rank 12BIQSUNYLI Candriam U.S. Large Cap Equity ETFScore 63
Rank 13BXOEFiShares S&P 500 ex S&P 100 ETFScore 61
Rank 14BFEXFirst Trust Large Cap Core AlphaDEX FundScore 60

Our read on each fund

ETF.net Research

BKLCABNY Mellon US Large Cap Core Equity ETF

XOEFBiShares S&P 500 ex S&P 100 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%.

XOEF The S&P 500 with its 100 biggest members cut out. XOEF holds the index's remaining large caps at capped weights, turning mega-cap concentration from a fact of life into a dial you set yourself.

Stated mandate

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

XOEF The Fund seeks to track the S&P 500 ex-S&P 100 Select Index, which represents capped, large-capitalization U.S. equities in the S&P 500 Index after excluding S&P 100 constituents. It uses an indexing approach and representative sampling.

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.

XOEF Owns the S&P 500 minus the S&P 100: roughly 400 large caps, capped weights, no trillion-dollar name setting the tone.
iShares built it as a building block. Pair it with the iShares S&P 100 ETF and you can reassemble the S&P 500 at whatever mega-cap weight you choose.blackrock.com
Plain index plumbing: a published S&P index, representative sampling, quarterly distributions.

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

XOEF At 0.20% it runs above the large-cap index median, and well above the 0.03% on broad core options like SCHX and VV.
A 2025 launch with a small asset base and light trading, so spreads can run wider than the household-name large-cap funds.
Cutting the 100 largest companies means this is a different market from the full S&P 500. Results separate any time mega caps move on their own.

Full BKLC profile⁠

Full XOEF profile⁠

BKLC vs XOEF Holdings

How BKLC and XOEF differ

Overlap by weight

24.3%

Shared holdings make up 91.8% of XOEF and 24.3% of BKLC.

Level by level

Sector29 Sectors20.5%
Holdings316 in both24.3%
Countryby domicile98.8%
Asset classStocks100%

Sector

Sector weights in BKLC and XOEF, widest gap first
Sector	Gap	BKLC	XOEF
Technology	BKLC +36.4 points	36.4%	0.0%
Capital Goods	XOEF +12.0 points	0.0%	12.0%
Health Care	BKLC +10.6 points	10.6%	0.0%
Communication	BKLC +9.0 points	9.0%	0.0%
Industrials	BKLC +8.0 points	8.0%	0.0%
Health Care Equipment & Services	XOEF +7.4 points	0.0%	7.4%
Consumer Discretionary	BKLC +6.5 points	9.8%	3.3%
Insurance	XOEF +6.4 points	0.0%	6.4%
Tech Hardware & Equip	XOEF +6.2 points	0.0%	6.2%
Software & Services	XOEF +5.4 points	0.0%	5.4%
Consumer Staples	BKLC +4.9 points	4.9%	0.0%
Real Estate	XOEF +4.5 points	1.7%	6.2%
Semiconductors & Semiconductor Equipment	XOEF +4.5 points	0.0%	4.5%
Pharma, Biotech & Life Sciences	XOEF +4.2 points	0.0%	4.2%
Financials	BKLC +4.1 points	12.1%	8.0%
Consumer Services	XOEF +3.7 points	0.0%	3.7%
Utilities	XOEF +3.6 points	2.1%	5.7%
Materials	XOEF +3.4 points	1.8%	5.2%
Commercial & Professional Services	XOEF +3.2 points	0.0%	3.2%
Transportation	XOEF +2.2 points	0.0%	2.2%
Energy	XOEF +2.2 points	3.6%	5.8%
Food Bevg Tobacco	XOEF +2.1 points	0.0%	2.1%
Banks	XOEF +1.9 points	0.0%	1.9%
Media & Entertainment	XOEF +1.7 points	0.0%	1.7%
Consumer Durables	XOEF +1.6 points	0.0%	1.6%
Consumer Staples Distribution & Retail	XOEF +1.3 points	0.0%	1.3%
Household & Personal Prod	XOEF +1.2 points	0.0%	1.2%
Autos & Components	XOEF +0.3 points	0.0%	0.3%
Real Estate Management & Development	XOEF +0.3 points	0.0%	0.3%

Country, concentration and asset class

Country by domicile

Country weights in BKLC and XOEF, widest gap first
Country	Gap	BKLC	XOEF
United States	BKLC +1.1 points	99.3%	98.2%
Switzerland	XOEF +0.7 points	0.3%	1.0%
Other countries (7)	XOEF +0.4 points	0.4%	0.8%

Concentration

Weight in the 10 largest Holdings

BKLC37.2%
XOEF9.6%

Securities held

BKLC505
XOEF403

Asset class

BKLC: Stocks
XOEF: Stocks

Holdings

Only in BKLC189
In both316
Only in XOEF87

Only in BKLC

189 securities, 75.7% of BKLC by weight

Apple Inc7.69%
NVIDIA Corp6.76%
Microsoft Corp6.08%
Amazon.com Inc3.91%
Alphabet Inc-Cl A2.58%
Alphabet Inc-Cl C2.29%
Broadcom Inc2.15%
Meta Platforms Inc-Class A2.10%
Tesla Inc1.82%
Eli Lilly & Co1.78%
JPMorgan Chase & Co1.39%
Berkshire Hathaway Inc-Cl B1.26%
Micron Technology Inc1.22%
Advanced Micro Devices1.14%
Visa Inc-Class A Shares1.13%
Exxonmobil Holdings Corp1.07%
Johnson & Johnson1.04%
Walmart Inc0.84%
AbbVie Inc0.80%
Mastercard Inc - A0.80%
Costco Wholesale Corp0.73%
Chevron Corp0.63%
Procter & Gamble Co/The0.60%
Cisco Systems Inc0.58%
Coca-Cola Co/The0.58%
Merck & Co. Inc.0.57%
UnitedHealth Group Inc0.55%
Home Depot Inc0.54%
Palantir Technologies Inc-A0.54%
General Electric0.52%
Bank of America Corp0.50%
Philip Morris International0.48%
Applied Materials Inc0.41%
Netflix Inc0.41%
Caterpillar Inc0.40%
Thermo Fisher Scientific Inc0.40%
Intel Corp0.40%
Palo Alto Networks Inc0.40%
Rtx Corp0.40%
Wells Fargo & Co0.40%
Texas Instruments Inc0.39%
Goldman Sachs Group Inc0.39%
Lam Research Corp0.39%
Amgen Inc0.39%
Space Exploration Techn-Cl A0.38%
Linde PLC0.37%
Intl Business Machines Corp0.36%
Morgan Stanley0.33%
Oracle Corp0.32%
Gilead Sciences Inc0.32%

Only in XOEF

87 securities, 8.0% of XOEF by weight

Elevance Health Inc0.54%
Trane Technologies PLC0.52%
Vivmark Residential0.28%
Vylor0.27%
Block Class A0.27%
Fiserv Inc0.20%
Steris0.14%
Viatris0.13%
Ptc0.12%
Best Buy0.11%
Snap On Inc0.11%
Skyworks Solutions0.11%
Cf Industries Holdings Inc0.10%
Ball Corp0.10%
Stanley Black & Decker0.10%
Kimco Realty Reit Corp0.10%
Revvity0.10%
Idex0.10%
Host Hotels & Resorts Reit0.10%
Leidos Holdings0.10%
Hasbro0.10%
Nordson0.10%
Gen Digital0.09%
Masco0.09%
Tyler Technologies0.09%
Charles River Laboratories Interna0.09%
Allegion PLC0.09%
Bunge Global SA0.09%
Apa0.09%
Zebra Technologies Corp Class A0.09%
Weyerhaeuser Reit0.09%
Assurant Inc0.09%
Textron Inc0.09%
Everest Group0.09%
Godaddy Class A0.08%
Jm Smucker0.08%
Avery Dennison Corp0.08%
Healthpeak Properties Inc0.08%
Baxter International0.08%
Solventum0.08%
Trimble Inc0.07%
Jack Henry and Associates Inc0.07%
Pinnacle West0.07%
Costar Group0.07%
Cooper0.07%
Clorox0.07%
Regency Centers Reit Corp0.07%
Mccormick & Co Non-Voting0.07%
Globe Life0.07%
Gartner0.07%

Weight gaps

The 100 widest of 316 Holdings in both funds.

Holding weights in BKLC and XOEF, widest gap first
Holding	Gap	BKLC	XOEF
Crowdstrike Holdings Inc - ACRWD	XOEF +0.96 points	0.34%	1.30%
Amphenol Corp-Cl AAPH	XOEF +0.80 points	0.28%	1.08%
Kla CorpKLAC	XOEF +0.78 points	0.28%	1.06%
Analog Devices IncADI	XOEF +0.77 points	0.27%	1.04%
Welltower IncWELL	XOEF +0.76 points	0.28%	1.04%
Tjx Companies IncTJX	XOEF +0.64 points	0.23%	0.88%
S&P Global IncSPGI	XOEF +0.62 points	0.21%	0.83%
Vertex Pharmaceuticals IncVRTX	XOEF +0.60 points	0.22%	0.82%
Progressive CorpPGR	XOEF +0.58 points	0.20%	0.78%
Eaton Corp PLCETN	XOEF +0.57 points	0.21%	0.78%
Chubb LtdCB	XOEF +0.56 points	0.20%	0.76%
Newmont CorpNEM	XOEF +0.55 points	0.20%	0.75%
Mckesson CorpMCK	XOEF +0.54 points	0.19%	0.73%
Marvell Technology IncMRVL	XOEF +0.54 points	0.19%	0.73%
Prologis IncPLD	XOEF +0.52 points	0.19%	0.71%
Automatic Data ProcessingADP	XOEF +0.52 points	0.19%	0.71%
Parker Hannifin CorpPH	XOEF +0.50 points	0.18%	0.68%
Stryker CorpSYK	XOEF +0.49 points	0.18%	0.67%
Cme Group IncCME	XOEF +0.48 points	0.17%	0.65%
Applovin Corp-Class AAPP	XOEF +0.46 points	0.17%	0.63%
Marathon Petroleum CorpMPC	XOEF +0.45 points	0.16%	0.61%
Seagate Technology HoldingsSTX	XOEF +0.45 points	0.16%	0.61%
Equinix IncEQIX	XOEF +0.44 points	0.15%	0.59%
Valero Energy CorpVLO	XOEF +0.44 points	0.15%	0.59%
Phillips 66PSX	XOEF +0.43 points	0.15%	0.58%
Marsh & Mclennan CosMRSH	XOEF +0.43 points	0.15%	0.58%
Moderna IncMRNA	XOEF +0.42 points	0.14%	0.56%
Intercontinental Exchange InICE	XOEF +0.42 points	0.15%	0.57%
Western Digital CorpWDC	XOEF +0.41 points	0.15%	0.56%
Csx CorpCSX	XOEF +0.40 points	0.14%	0.54%
Pnc Financial Services GroupPNC	XOEF +0.39 points	0.14%	0.53%
Blackstone IncBX	XOEF +0.39 points	0.14%	0.53%
Regeneron PharmaceuticalsREGN	XOEF +0.38 points	0.14%	0.52%
Marriott International -Cl AMAR	XOEF +0.39 points	0.14%	0.53%
Cadence Design Sys IncCDNS	XOEF +0.38 points	0.14%	0.52%
Synopsys IncSNPS	XOEF +0.38 points	0.13%	0.51%
Waste Management IncWM	XOEF +0.37 points	0.15%	0.52%
Freeport-Mcmoran IncFCX	XOEF +0.37 points	0.13%	0.50%
Motorola Solutions IncMSI	XOEF +0.37 points	0.13%	0.50%
Corning IncGLW	XOEF +0.36 points	0.13%	0.49%
Hilton Worldwide Holdings InHLT	XOEF +0.36 points	0.13%	0.49%
Howmet Aerospace IncHWM	XOEF +0.36 points	0.12%	0.48%
Travelers Cos Inc/TheTRV	XOEF +0.36 points	0.13%	0.49%
Johnson Controls InternationJCI	XOEF +0.35 points	0.13%	0.48%
Constellation EnergyCEG	XOEF +0.36 points	0.13%	0.49%
Quanta Services IncPWR	XOEF +0.35 points	0.13%	0.48%
Royal Caribbean Cruises LtdRCL	XOEF +0.35 points	0.13%	0.48%
Airbnb Inc-Class AABNB	XOEF +0.35 points	0.12%	0.47%
Sherwin-Williams Co/TheSHW	XOEF +0.34 points	0.12%	0.46%
Williams Cos IncWMB	XOEF +0.34 points	0.12%	0.46%
The Cigna GroupCI	XOEF +0.34 points	0.12%	0.46%
Eog Resources IncEOG	XOEF +0.33 points	0.12%	0.45%
Colgate-Palmolive CoCL	XOEF +0.33 points	0.12%	0.45%
Ecolab IncECL	XOEF +0.33 points	0.12%	0.45%
Cintas CorpCTAS	XOEF +0.33 points	0.12%	0.45%
Simon Property Group IncSPG	XOEF +0.33 points	0.11%	0.44%
Moody's CorpMCO	XOEF +0.32 points	0.12%	0.44%
Ross Stores IncROST	XOEF +0.32 points	0.11%	0.43%
Slb LtdSLB	XOEF +0.32 points	0.12%	0.44%
Hca Healthcare IncHCA	XOEF +0.32 points	0.11%	0.43%
Fortinet IncFTNT	XOEF +0.32 points	0.11%	0.43%
Arthur J Gallagher & CoAJG	XOEF +0.32 points	0.11%	0.43%
O'reilly Automotive IncORLY	XOEF +0.31 points	0.12%	0.43%
Target CorpTGT	XOEF +0.31 points	0.11%	0.42%
Norfolk Southern CorpNSC	XOEF +0.31 points	0.11%	0.42%
Aon Plc-Class AAON	XOEF +0.31 points	0.11%	0.42%
Vertiv Holdings Co-AVRT	XOEF +0.30 points	0.11%	0.41%
Illinois Tool WorksITW	XOEF +0.30 points	0.13%	0.43%
Honeywell International IncHON	XOEF +0.30 points	0.11%	0.41%
American Electric PowerAEP	XOEF +0.30 points	0.11%	0.41%
Northrop Grumman CorpNOC	XOEF +0.30 points	0.11%	0.41%
Air Products & Chemicals IncAPD	XOEF +0.30 points	0.10%	0.40%
Kkr & Co IncKKR	XOEF +0.29 points	0.10%	0.39%
Doordash Inc - ADASH	XOEF +0.29 points	0.11%	0.40%
Transdigm Group IncTDG	XOEF +0.29 points	0.10%	0.39%
Monster Beverage CorpMNST	XOEF +0.29 points	0.10%	0.39%
United Rentals IncURI	XOEF +0.29 points	0.10%	0.39%
Kimberly-Clark CorpKMB	XOEF +0.28 points	0.11%	0.39%
Robinhood Markets Inc - AHOOD	XOEF +0.28 points	0.10%	0.38%
Cencora IncCOR	XOEF +0.28 points	0.10%	0.38%
Boston Scientific CorpBSX	XOEF +0.28 points	0.09%	0.37%
Cardinal Health IncCAH	XOEF +0.27 points	0.10%	0.37%
Allstate CorpALL	XOEF +0.28 points	0.10%	0.38%
Crh PLCCRH	XOEF +0.28 points	0.09%	0.37%
Nxp Semiconductors NVNXPI	XOEF +0.27 points	0.10%	0.37%
Ww Grainger IncGWW	XOEF +0.27 points	0.09%	0.36%
Cummins IncCMI	XOEF +0.26 points	0.10%	0.36%
Dominion Energy IncD	XOEF +0.27 points	0.09%	0.36%
Datadog Inc - Class ADDOG	XOEF +0.26 points	0.09%	0.35%
Fastenal CoFAST	XOEF +0.26 points	0.10%	0.36%
Digital Realty Trust IncDLR	XOEF +0.26 points	0.10%	0.36%
Truist Financial CorpTFC	XOEF +0.26 points	0.10%	0.36%
Kinder Morgan IncKMI	XOEF +0.26 points	0.09%	0.35%
Hewlett Packard EnterpriseHPE	XOEF +0.26 points	0.09%	0.35%
Te Connectivity PLCTEL	XOEF +0.25 points	0.10%	0.35%
Edwards Lifesciences CorpEW	XOEF +0.25 points	0.09%	0.34%
Monolithic Power Systems IncMPWR	XOEF +0.25 points	0.09%	0.34%
Targa Resources CorpTRGP	XOEF +0.24 points	0.09%	0.33%
Becton Dickinson and CoBDX	XOEF +0.25 points	0.09%	0.34%
Apollo Global Management IncAPO	XOEF +0.24 points	0.08%	0.32%

All 502 BKLC holdings⁠All 403 XOEF 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 XOEF Cost

Overpaying XOEF vs BKLC

$4,155

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

BKLC 0.00%
$0
XOEF 0.20%
$4,155

Amount$10,000

Years30 years

Cost over time

BKLC 0.00%
XOEF 0.20%
Overpaying

Year by year

Year	BKLC	XOEF	Overpaying
10	$0	$365	$365
20	$0	$1,421	$1,421
30	$0	$4,155	$4,155

Expense ratio

0.00%BKLC, cheaper
0.20%XOEF

BKLC0.00%XOEF0.20%

0.00%1.25%

Middle half of US Large-Cap funds
Median 0.20%

BKLC cheapest of 29 funds

XOEF 15th cheapest of 29 funds

BKLC vs XOEF Dividends

Last 12 months to Nov 9, 2026

Yield (12M): BKLC No data; XOEF 1.09%
Payout (12M): BKLC No data; XOEF $0.33
Last payment: BKLC $0.13; XOEF $0.09
Ex-dividend: BKLC Oct 1, 2026; XOEF Sep 15, 2026
Paid on: BKLC Oct 6, 2026; XOEF Sep 18, 2026
Frequency: BKLC Quarterly; XOEF Quarterly

Distribution history

Per share, 2020 to 2026, same scale for both

BKLCQuarterly · 20 paymentsAll BKLC payments⁠

XOEFQuarterly · 5 paymentsAll XOEF payments⁠

BKLC vs XOEF 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%XOEF 11.3%since Aug 2025
Return per unit of riskSharpe ratio, 3 years: BKLC 1.37XOEF 1.13since Aug 2025
Worst fallMax drawdown, 5 years: BKLC −26.2%XOEF −7.7%since Jul 2025
Market sensitivityBeta, 5 years: BKLC 1.02XOEF 0.63; Market = 1

BKLC and XOEF 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 XOEF

In short

Stated mandate

Why people hold it

Worth knowing

How BKLC and XOEF differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BKLC

Only in XOEF

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 XOEF differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BKLC

Only in XOEF

Weight gaps