BKMC vs IWR: Grades, Fees and Holdings Compared

BNY Mellon US Mid Cap Core Equity ETF

BKMCANYSE Arca

iShares Russell Mid-Cap ETF

IWRANYSE Arca

Overlap

24.9%by weight

Expense ratio

BKMC −0.14pt a year

BKMC0.04%IWR0.18%

Avg volume · 30D

IWR 72.0×the volume

BKMC24.8KIWR1.79M

5Y return · a year

IWR +1.6pt

BKMC+5.7%IWR+7.3%

BKMC vs IWR Performance

Oct 29, 2021 – Oct 30, 2026

+31.8%BKMC+42.1%IWR

Expense ratio: BKMC 0.04%, better; IWR 0.18%
Fund size: BKMC $648M; IWR $58.1B
1Y total return: BKMC +9.5%; IWR +16.3%, better
Yield (12M): BKMC No data; IWR 1.16%
Holdings: BKMC 407; IWR 827
Avg volume (30D): BKMC 24.8K sh; IWR 1.79M sh, better
NAV per share: BKMC $39.27; IWR $110.06
52W range

ETF.net Grade

Pillar letters and Scores for BKMC, IWR, with each pillar’s weight
Pillar	BKMC	IWR
Cost30% weight	A86Higher	C43
Mission25% weight	A100	A100
Risk15% weight	D33	B68Higher
Tradability15% weight	D28	A93Higher
Holdings10% weight	A82	A83Higher
Durability5% weight	C41	A86Higher

Rank among US Mid-Cap funds

How we build Categories ›

Same Category. BKMC and IWR are both graded against the same 13 US Mid-Cap funds, so their Grades compare head to head.

US Mid-Cap⁠

Category · 13 funds

See all 13 ›

IWR ranks 4th and BKMC 5th of 13 funds in the US Mid-Cap Category.

Rank 1AIMCBiShares Morningstar Mid-Cap ETFScore 82
Rank 2ASCHMSchwab U.S. Mid-Cap ETFScore 80
Rank 3AVOVanguard Morningstar Mid-Cap ETFScore 79
Rank 4AIWRiShares Russell Mid-Cap ETFScore 74
Rank 5ABKMCBNY Mellon US Mid Cap Core Equity ETFScore 70
Rank 6BBBMCJPMorgan BetaBuilders U.S. Mid Cap Equity ETFScore 66

Our read on each fund

ETF.net Research

BKMCABNY Mellon US Mid Cap Core Equity ETF

IWRAiShares Russell Mid-Cap ETF

In short

BKMC About 400 US mid-caps for four basis points, from BNY Mellon's cut-rate ETF shelf. The fee undercuts most of the mid-cap field; the trade-off is a thinner tape than the household names.

IWR The Russell mid-cap standard: roughly 800 mid-sized US companies in one ticker, tracked since 2001. Big, heavily traded, and priced a notch above the index-fund floor.

Stated mandate

BKMC The fund seeks to track the Solactive GBS United States 400 Index TR.

IWR The fund seeks to track an index composed of mid-sized U.S. companies.

Why people hold it

BKMC Costs 0.04% a year, well under the 0.15% median for US mid-cap funds and level with the cheapest of the big index shops (IMCB).
Tracks the Solactive GBS United States 400 Index tightly, with roughly 400 names spreading single-stock risk across the whole mid-cap band.
Straight index core equity in a standard 1940 Act fund: one benchmark, no sector tilts, quarterly distributions.

IWR Has tracked the Russell MidCap Index since 2001 and hews to it about as closely as anything in the mid-cap group.ishares.com
Roughly 800 mid-size US names, so no single stock carries the fund.
A multi-billion-dollar fund that trades actively, which tends to keep bid-ask spreads thin for small and large orders alike.
Plain 1940 Act fund paying quarterly distributions. No leverage, no exotic wrapper to babysit.

Worth knowing

BKMC Thinly traded next to the mid-cap heavyweights, which tends to mean wider bid-ask spreads and more price impact on big orders.
Launched in 2020, so the live track record is short compared with mid-cap index funds that have run for decades.
VO and SCHM shave another basis point off the fee and carry far heavier trading, so the cost edge here is about matching the field, not leading it.

IWR 0.18% a year, versus 0.03% for mid-cap rivals like VO and SCHM. Same aisle, different sticker.
Different yardstick than several rivals: Russell MidCap rather than a Morningstar mid-cap index, so the holdings and the size cutoffs differ.
All equity, all US. Nothing here (bonds, cash, foreign stocks) cushions a domestic stock selloff.

Full BKMC profile⁠

Full IWR profile⁠

BKMC vs IWR Holdings

How BKMC and IWR differ

Overlap by weight

24.9%

Shared holdings make up 88.9% of BKMC and 24.9% of IWR.

Level by level

Holdings341 in both24.9%
Sector11 Sectors90.9%
Countryby domicile98.4%
Asset classEquity100%

Sector

Sector weights in BKMC and IWR, widest gap first
Sector	More in BKMCMore in IWR	BKMC	IWR
Energy	IWR +3.6 points	3.5%	7.1%
Utilities	IWR +3.4 points	2.3%	5.7%
Industrials	BKMC +2.4 points	19.3%	16.9%
Real Estate	BKMC +2.3 points	8.7%	6.4%
Health Care	BKMC +1.5 points	14.3%	12.8%
Consumer Discretionary	BKMC +1.3 points	10.1%	8.8%
Consumer Staples	IWR +1.1 points	4.0%	5.2%
Communication	BKMC +0.8 points	3.3%	2.5%
Technology	BKMC +0.7 points	16.7%	16.0%
Materials	IWR +0.6 points	4.2%	4.8%
Financials	IWR +0.4 points	13.5%	13.9%

Country, concentration and asset class

Country by domicile

Country weights in BKMC and IWR, widest gap first
Country	More in BKMCMore in IWR	BKMC	IWR
United States	BKMC +1.0 points	99.4%	98.4%
Other countries (14)	IWR +1.0 points	0.6%	1.6%

Concentration

Weight in the 10 largest Holdings

BKMC5.6%
IWR6.5%

Securities held

BKMC405
IWR823

Asset class

BKMC: Equity
IWR: Equity

Holdings

Only in BKMC64
In both341
Only in IWR482

Only in BKMC

64 securities, 11.1% of BKMC by weight

Ball Corp0.45%
James Hardie Ind PLC0.41%
Yum China Holdings Inc0.40%
Glaukos Corp0.36%
Brightspring Health Services0.27%
Cnh Industrial NV0.26%
Moog Inc-Class A0.26%
Jfrog Ltd0.26%
Jackson Financial Inc-A0.25%
Umb Financial Corp0.25%
Viasat Inc0.25%
Tg Therapeutics Inc0.24%
Protagonist Therapeutics Inc0.24%
Vaxcyte Inc0.24%
Old National Bancorp0.23%
Krystal Biotech Inc0.22%
Norwegian Cruise Line Holdin0.22%
Caretrust Reit Inc0.21%
Healthequity Inc0.21%
Interdigital Inc0.21%
Autoliv Inc0.20%
Cytokinetics Inc0.20%
Kymera Therapeutics Inc0.20%
Commercial Metals Co0.19%
Oscar Health Inc - Class A0.19%
Praxis Precision Medicines I0.19%
Amdocs Ltd0.18%
Erie Indemnity Company-Cl A0.18%
Spyre Therapeutics Inc0.18%
Life Time Group Holdings Inc0.18%
Fluor Corp0.18%
Skydance Corp0.18%
Alkermes PLC0.17%
Esco Technologies Inc0.17%
Firstcash Holdings Inc0.17%
Dreyfus Institutional Preferred Government Money M0.16%
Jbt Marel Corp0.16%
Hut 8 Corp0.16%
Zurn Elkay Water Solutions C0.15%
Compass Inc - Class A0.15%
Snap Inc - A0.15%
Hims & Hers Health Inc0.13%
Stonex Group Inc0.13%
Msg Knickerbockers Corp0.13%
U-Haul Holding Co-Non Voting0.13%
Argan Inc0.12%
Scorpio Tankers Inc0.12%
Lumen Technologies Inc0.11%
Copt Defense Properties0.11%
Gap Inc/The0.11%

Only in IWR

482 securities, 74.9% of IWR by weight

Marathon Petroleum0.96%
Phillips 660.83%
Snowflake0.75%
Cloudflare Class A0.66%
Moderna0.59%
Datadog Inc Class A0.57%
Royal Caribbean Group0.57%
United Rentals0.53%
Hewlett Packard Enterprise0.53%
Simon Property Group Reit Inc0.51%
Cheniere Energy0.51%
Digital Realty Trust Reit0.49%
Targa Resources0.49%
Allstate Corp0.49%
Robinhood Markets Class A0.48%
Kinder Morgan0.48%
Lumentum Holdings0.48%
Cencora0.45%
Oneok0.44%
Nucor0.44%
Fastenal0.44%
Ww Grainger Inc0.43%
Devon Energy0.43%
Cardinal Health0.43%
Natera0.41%
Ametek Inc0.40%
Baker Hughes Class A0.40%
Becton Dickinson0.40%
Realty Income Reit0.39%
Autodesk0.39%
Keysight Technologies0.38%
Edwards Lifesciences0.38%
L3HARRIS Technologies0.38%
Entergy Corp0.38%
Xcel Energy Inc0.36%
Humana0.36%
Agilent Technologies Inc0.36%
Delta Air Lines0.36%
Rockwell Automation Inc0.36%
Ebay0.36%
Fifth Third Bancorp0.36%
Vylor0.36%
PayPal Holdings0.36%
Ford Motor Co0.35%
Exelon Corp0.35%
Westinghouse Air Brake Technologie0.35%
Vivmark Residential0.34%
Nasdaq Inc0.34%
Veeva Systems Class A0.34%
Vistra0.34%

Weight gaps

The 100 widest of 341 Holdings in both funds.

Holding weights in BKMC and IWR, widest gap first
Holding	More in BKMCMore in IWR	BKMC	IWR
Tenet Healthcare CorpTHC	BKMC +0.45 points	0.61%	0.16%
Ptc IncPTC	BKMC +0.43 points	0.59%	0.16%
Guardant Health IncGH	BKMC +0.42 points	0.59%	0.17%
Viatris IncVTRS	BKMC +0.43 points	0.59%	0.16%
Us Foods Holding CorpUSFD	BKMC +0.42 points	0.59%	0.17%
Ovintiv IncOVV	BKMC +0.39 points	0.54%	0.15%
Roku IncROKU	BKMC +0.40 points	0.55%	0.15%
Permian Resources Corp-Cl APR	BKMC +0.37 points	0.52%	0.15%
Skyworks Solutions IncSWKS	BKMC +0.36 points	0.51%	0.15%
Sharkninja IncSN	BKMC +0.35 points	0.48%	0.13%
Cf Industries Holdings IncCF	BKMC +0.35 points	0.49%	0.14%
Itt IncITT	BKMC +0.34 points	0.47%	0.13%
Rubrik Inc-ARBRK	BKMC +0.34 points	0.48%	0.14%
Best Buy Co IncBBY	BKMC +0.34 points	0.48%	0.14%
East West Bancorp IncEWBC	BKMC +0.34 points	0.47%	0.13%
Idex CorpIEX	BKMC +0.33 points	0.46%	0.13%
Leidos Holdings IncLDOS	BKMC +0.34 points	0.47%	0.13%
Reinsurance Group of AmericaRGA	BKMC +0.33 points	0.46%	0.13%
Snap-On IncSNA	BKMC +0.34 points	0.47%	0.13%
Revvity IncRVTY	BKMC +0.33 points	0.46%	0.13%
Charles River LaboratoriesCRL	BKMC +0.33 points	0.46%	0.13%
Host Hotels & Resorts IncHST	BKMC +0.33 points	0.46%	0.13%
Nordson CorpNDSN	BKMC +0.33 points	0.45%	0.12%
Apa CorpAPA	BKMC +0.32 points	0.46%	0.14%
Zebra Technologies Corp-Cl AZBRA	BKMC +0.33 points	0.45%	0.12%
Tyler Technologies IncTYL	BKMC +0.32 points	0.44%	0.12%
Talen Energy CorpTLN	BKMC +0.32 points	0.43%	0.11%
Masco CorpMAS	BKMC +0.31 points	0.43%	0.12%
Nutanix Inc - ANTNX	BKMC +0.31 points	0.44%	0.13%
Dynatrace IncDT	BKMC +0.31 points	0.43%	0.12%
Api Group CorpAPG	BKMC +0.31 points	0.43%	0.12%
Td Synnex CorpSNX	BKMC +0.31 points	0.44%	0.13%
Hf Sinclair CorpDINO	BKMC +0.30 points	0.43%	0.13%
Stanley Black & Decker IncSWK	BKMC +0.31 points	0.42%	0.11%
Jones Lang Lasalle IncJLL	BKMC +0.30 points	0.42%	0.12%
Allegion PLCALLE	BKMC +0.30 points	0.41%	0.12%
Halozyme Therapeutics IncHALO	BKMC +0.30 points	0.41%	0.11%
Performance Food Group CoPFGC	BKMC +0.30 points	0.41%	0.11%
Kimco Realty CorpKIM	BKMC +0.29 points	0.41%	0.12%
Trimble IncTRMB	BKMC +0.29 points	0.40%	0.11%
Docusign IncDOCU	BKMC +0.29 points	0.41%	0.12%
Hasbro IncHAS	BKMC +0.29 points	0.41%	0.12%
Corebridge Financial IncCRBG	BKMC +0.28 points	0.35%	0.07%
Gartner IncIT	BKMC +0.28 points	0.39%	0.11%
Caci International Inc -Cl ACACI	BKMC +0.28 points	0.39%	0.11%
Exelixis IncEXEL	BKMC +0.28 points	0.41%	0.13%
Burlington Stores IncBURL	BKMC +0.28 points	0.39%	0.11%
Manhattan Associates IncMANH	BKMC +0.29 points	0.39%	0.10%
Wesco International IncWCC	BKMC +0.28 points	0.40%	0.12%
Equitable Holdings IncEQH	BKMC +0.28 points	0.39%	0.11%
Medpace Holdings IncMEDP	BKMC +0.28 points	0.39%	0.11%
Carlisle Cos IncCSL	BKMC +0.28 points	0.39%	0.11%
Clean Harbors IncCLH	BKMC +0.28 points	0.39%	0.11%
Godaddy Inc - Class AGDDY	BKMC +0.28 points	0.39%	0.11%
Gen Digital IncGEN	BKMC +0.28 points	0.39%	0.11%
C.h. Robinson Worldwide IncCHRW	BKMC +0.27 points	0.38%	0.11%
Macom Technology Solutions HMTSI	BKMC +0.27 points	0.39%	0.12%
Pinnacle Financial PartnersPNFP	BKMC +0.28 points	0.39%	0.11%
Lincoln Electric HoldingsLECO	BKMC +0.27 points	0.38%	0.11%
Omega Healthcare InvestorsOHI	BKMC +0.28 points	0.38%	0.10%
Textron IncTXT	BKMC +0.27 points	0.38%	0.11%
Neurocrine Biosciences IncNBIX	BKMC +0.26 points	0.37%	0.11%
Avery Dennison CorpAVY	BKMC +0.27 points	0.37%	0.10%
TransunionTRU	BKMC +0.27 points	0.38%	0.11%
Rbc Bearings IncRBC	BKMC +0.26 points	0.37%	0.11%
Lamar Advertising Co-ALAMR	BKMC +0.26 points	0.36%	0.10%
Toll Brothers IncTOL	BKMC +0.26 points	0.36%	0.10%
Jm Smucker Co/TheSJM	BKMC +0.26 points	0.36%	0.10%
Assurant IncAIZ	BKMC +0.26 points	0.36%	0.10%
Wp Carey IncWPC	BKMC +0.25 points	0.36%	0.11%
Renaissancere Holdings LtdRNR	BKMC +0.26 points	0.36%	0.10%
Crown Holdings IncCCK	BKMC +0.26 points	0.35%	0.09%
Bj's Wholesale Club HoldingsBJ	BKMC +0.25 points	0.35%	0.10%
Encompass Health CorpEHC	BKMC +0.25 points	0.35%	0.10%
AramarkARMK	BKMC +0.25 points	0.35%	0.10%
Unum GroupUNM	BKMC +0.24 points	0.35%	0.11%
Coeur Mining IncCDE	BKMC +0.24 points	0.34%	0.10%
Range Resources CorpRRC	BKMC +0.25 points	0.34%	0.09%
Five BelowFIVE	BKMC +0.24 points	0.34%	0.10%
Akamai Technologies IncAKAM	BKMC +0.24 points	0.34%	0.10%
Jazz Pharmaceuticals PLCJAZZ	BKMC +0.25 points	0.34%	0.09%
Globe Life IncGL	BKMC +0.24 points	0.33%	0.09%
Huntington Ingalls IndustrieHII	BKMC +0.24 points	0.33%	0.09%
Annaly Capital Management InNLY	BKMC +0.24 points	0.34%	0.10%
Wayfair Inc- Class AW	BKMC +0.24 points	0.33%	0.09%
Lattice Semiconductor CorpLSCC	BKMC +0.23 points	0.33%	0.10%
Healthpeak Properties IncDOC	BKMC +0.23 points	0.33%	0.10%
Solventum CorpSOLV	BKMC +0.23 points	0.32%	0.09%
Guidewire Software IncGWRE	BKMC +0.23 points	0.33%	0.10%
Bwx Technologies IncBWXT	BKMC +0.23 points	0.32%	0.09%
Costar Group IncCSGP	BKMC +0.23 points	0.32%	0.09%
Rpm International IncRPM	BKMC +0.24 points	0.33%	0.09%
Regency Centers CorpREG	BKMC +0.23 points	0.33%	0.10%
Pinnacle West CapitalPNW	BKMC +0.23 points	0.32%	0.09%
Dt Midstream IncDTM	BKMC +0.23 points	0.32%	0.09%
Factset Research Systems IncFDS	BKMC +0.22 points	0.31%	0.09%
Unity Software IncU	BKMC +0.23 points	0.33%	0.10%
Somnigroup International IncSGI	BKMC +0.23 points	0.33%	0.10%
Jack Henry & Associates IncJKHY	BKMC +0.23 points	0.31%	0.08%
Baxter International IncBAX	BKMC +0.22 points	0.31%	0.09%

All 402 BKMC holdings⁠All 823 IWR 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.

BKMC vs IWR Cost

Overpaying IWR vs BKMC

$2,900

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

BKMC 0.04%
$849
IWR 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

BKMC 0.04%
IWR 0.18%
Overpaying

Year by year

Year	BKMC	IWR	Overpaying
10	$73	$328	$255
20	$288	$1,281	$993
30	$849	$3,749	$2,900

Expense ratio

0.04%BKMC, cheaper
0.18%IWR

BKMC0.04%IWR0.18%

0.03%0.79%

Middle half of US Mid-Cap funds
Median 0.15%

BKMC 3rd cheapest of 13 funds

IWR 8th cheapest of 13 funds

BKMC vs IWR Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BKMC No data; IWR 1.16%
Payout (12M): BKMC No data; IWR $1.27
Last payment: BKMC $0.14; IWR $0.33
Ex-dividend: BKMC Oct 1, 2026; IWR Sep 15, 2026
Paid on: BKMC Oct 6, 2026; IWR Sep 18, 2026
Frequency: BKMC Quarterly; IWR Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BKMCQuarterly · 20 paymentsAll BKMC payments⁠

IWRQuarterly · 36 paymentsAll IWR payments⁠

BKMC vs IWR Risk

Fall from peak · 5 years

BKMC
IWR

Risk facts

VolatilityStd dev, 3 years: BKMC 15.4%IWR 14.1%, better
Return per unit of riskSharpe ratio, 3 years: BKMC 0.80IWR 1.08, better
Worst fallMax drawdown, 5 years: BKMC −25.0%, betterIWR −26.2%
Market sensitivityBeta, 5 years: BKMC 1.02IWR 1.01; Market = 1

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