BKSE vs EBIT: Grades, Fees and Holdings Compared

BNY Mellon US Small Cap Core Equity ETF

BKSEANYSE Arca

Harbor AlphaEdge Small Cap Earners ETF (EBIT)

EBITCNYSE Arca

Overlap

31.8%by weight

Expense ratio

BKSE −0.25pt a year

BKSE0.04%EBIT0.29%

Avg volume · 30D

BKSE 8.7×the volume

BKSE4.65KEBIT533

BKSE vs EBIT Performance

Oct 31, 2025 – Oct 30, 2026

+17.4%BKSE+19.1%EBIT

Expense ratio: BKSE 0.04%, better; EBIT 0.29%
Fund size: BKSE $83M; EBIT $13M
1Y total return: BKSE +17.4%; EBIT +19.1%, better
Yield (12M): BKSE 1.28%; EBIT 1.72%, better
Holdings: BKSE 604; EBIT 594
Avg volume (30D): BKSE 4.65K sh, better; EBIT 533 sh
NAV per share: BKSE $42.78; EBIT $38.92
52W range

ETF.net Grade

Pillar letters and Scores for BKSE, EBIT, with each pillar’s weight
Pillar	BKSE	EBIT
Cost30% weight	A91Higher	D25
Mission25% weight	A100Higher	A89
Risk15% weight	B61	A74Higher
Tradability15% weight	D30Higher	F18
Holdings10% weight	C53Higher	D38
Durability5% weight	F18	F20Higher

Rank among US Small-Cap funds

How we build Categories ›

Same Category. BKSE and EBIT are both graded against the same 16 US Small-Cap funds, so their Grades compare head to head.

US Small-Cap⁠

Category · 16 funds

See all 16 ›

BKSE ranks 3rd and EBIT 11th of 16 funds in the US Small-Cap Category.

Rank 1ASCHASchwab U.S. Small-Cap ETFScore 81
Rank 2AVBVanguard Morningstar Small-Cap ETFScore 77
Rank 3ABKSEBNY Mellon US Small Cap Core Equity ETFScore 72
Rank 4AVTWOVanguard Russell 2000 ETFScore 71
Rank 10BBBSCJPMorgan BetaBuilders U.S. Small Cap Equity ETFScore 61
Rank 11CEBITHarbor AlphaEdge Small Cap Earners ETF (EBIT)Score 48
Rank 12CFDMFirst Trust Dow Jones Select MicroCap Index FundScore 44

Our read on each fund

ETF.net Research

BKSEABNY Mellon US Small Cap Core Equity ETF

EBITCHarbor AlphaEdge Small Cap Earners ETF (EBIT)

In short

BKSE Small-cap indexing stripped to 0.04% a year, a fraction of what the typical fund in the category charges. About 600 US small caps, Morningstar's index, and a lot less name recognition than the household tickers.

EBIT Harbor skipped the licensed benchmarks and built its own small-cap index, and EBIT is the wrapper. Roughly 600 small caps, house rules, priced a shade above the plain-vanilla crowd.

Stated mandate

BKSE The fund seeks to mirror the performance of the Morningstar US Small Cap Index. It normally invests nearly all assets in the index’s equity securities.

EBIT The fund seeks to track, before fees and expenses, the performance of the Harbor AlphaEdge Small Cap Earners Index.

Why people hold it

BKSE A 0.04% expense ratio sits in the cheapest tier of US small-cap index funds, well under iShares' IWM at 0.19% and a hair off Vanguard's VB and Schwab's SCHA at 0.03%.
Roughly 600 holdings across the Morningstar US Small Cap Index, so no single name drives the fund.
Straight index mandate: nearly all assets go into the index's own stocks, and it has been one of the tightest-tracking implementations in its peer group.
Pays distributions quarterly, on the standard schedule for a broad equity index fund.

EBIT Does what the prospectus says: track the Harbor AlphaEdge Small Cap Earners Index, with very little drift between fund and benchmark.
Roughly 600 small caps in one ticker, so no single name drives the outcome.
At 0.29% a year, it charges index-fund money for a rules-based screen rather than active-manager money.

Worth knowing

BKSE Thinly traded and smaller than the category's household names, so bid-ask spreads can be wider and sizeable orders take more care at the screen.
Launched in 2020, a shorter live record than small-cap funds that have run through several full market cycles.
Small-cap stocks swing harder than large caps, and this fund holds the index as it comes with no defensive tilt.

EBIT A small, thinly traded fund. Spreads can run wider than in the category's heavyweights, which makes order type matter more.
That 0.29% sits above the 0.25% small-cap median and far above core beta like VB and SCHA at 0.03%.
Launched in 2024, so the index has not yet been tested across a full market cycle.

Full BKSE profile⁠

Full EBIT profile⁠

BKSE vs EBIT Holdings

How BKSE and EBIT differ

Overlap by weight

31.8%

Shared holdings make up 49.5% of EBIT and 35.0% of BKSE.

Level by level

Holdings197 in both31.8%
Sector11 Sectors80.9%
Countryby domicile98.5%
Asset classEquity100%

Sector

Sector weights in BKSE and EBIT, widest gap first
Sector	More in BKSEMore in EBIT	BKSE	EBIT
Financials	EBIT +11.9 points	16.0%	27.9%
Technology	BKSE +10.3 points	17.6%	7.3%
Health Care	BKSE +6.4 points	11.6%	5.2%
Energy	EBIT +3.3 points	7.5%	10.8%
Consumer Discretionary	EBIT +1.7 points	13.6%	15.3%
Communication	EBIT +1.1 points	1.9%	3.0%
Real Estate	EBIT +1.1 points	6.6%	7.7%
Industrials	BKSE +0.9 points	14.0%	13.1%
Materials	BKSE +0.6 points	4.6%	4.0%
Utilities	BKSE +0.5 points	3.3%	2.8%
Consumer Staples	BKSE +0.4 points	3.3%	2.9%

Country, concentration and asset class

Country by domicile

Country weights in BKSE and EBIT, widest gap first
Country	More in BKSEMore in EBIT	BKSE	EBIT
Brazil	EBIT +1.2 points	0.4%	1.6%
United States	BKSE +0.6 points	98.5%	97.9%
Other countries (8)	BKSE +0.6 points	1.0%	0.4%

Concentration

Weight in the 10 largest Holdings

BKSE4.0%
EBIT7.9%

Securities held

BKSE602
EBIT594

Asset class

BKSE: Equity
EBIT: Equity

Holdings

Only in BKSE405
In both197
Only in EBIT397

Only in BKSE

405 securities, 64.9% of BKSE by weight

Avantor Inc0.48%
Twist Bioscience Corp0.42%
Gitlab Inc-Cl A0.41%
Hanover Insurance Group Inc/0.38%
Elastic NV0.38%
Etsy Inc0.38%
Sentinelone Inc -Class A0.36%
10X Genomics Inc-Class A0.36%
Cleveland-Cliffs Inc0.35%
Ralliant Corp0.34%
Paylocity Holding Corp0.33%
Lamb Weston Holdings Inc0.33%
Silicon Laboratories Inc0.33%
Crocs Inc0.33%
Epam Systems Inc0.33%
Avnet Inc0.32%
Matador Resources Co0.32%
Chemed Corp0.32%
Nov Inc0.32%
Zeta Global Holdings Corp-A0.31%
Vf Corp0.31%
Transocean Ltd0.31%
Adt Inc0.30%
Federal Signal Corp0.30%
H&R Block Inc0.29%
Msa Safety Inc0.29%
Weatherford International Pl0.29%
Elf Beauty Inc0.29%
Ingredion Inc0.29%
Science Applications Inte0.29%
Glacier Bancorp Inc0.28%
Ligand Pharmaceuticals0.28%
Fnb Corp0.28%
Exlservice Holdings Inc0.28%
Churchill Downs Inc0.28%
Teleflex Inc0.28%
Lyft Inc-A0.27%
Genpact Ltd0.27%
Lear Corp0.27%
Marketaxess Holdings Inc0.27%
Wex Inc0.27%
Mgic Investment Corp0.27%
Box Inc - Class A0.27%
Sensata Technologies Holdplc0.26%
Casella Waste Systems Inc-A0.26%
Gates Industrial Corp Ltd0.26%
Rayonier Inc0.26%
Hexcel Corp0.26%
Gxo Logistics Inc0.26%
Maxlinear Inc0.26%

Only in EBIT

397 securities, 50.5% of EBIT by weight

Navient Holdings Inc1.87%
Jackson Financial Inc-A0.78%
Stonex Group Inc0.77%
Marex Group Ltd0.64%
Pagseguro Digital Ltd-Cl A0.64%
Scorpio Tankers Inc0.59%
Old National Bancorp0.54%
Community Health Systems Inc0.54%
Federal Agric Mtg Corp-Cl C0.47%
Stoneco Ltd-A0.46%
Umb Financial Corp0.45%
Northern Oil and Gas Inc0.43%
Teekay Tankers Ltd-Class A0.40%
Highpeak Energy Inc0.39%
Kohls Corp0.39%
Gray Media Inc0.37%
Life Time Group Holdings Inc0.37%
Teekay Corp Ltd0.37%
Huron Consulting Group Inc0.37%
Brightstar Lottery PLC0.36%
Kinetik Holdings Inc0.34%
Embecta Corp0.33%
Uniti Group Inc0.33%
Surgery Partners Inc0.32%
Interdigital Inc0.30%
U.s. Physical Therapy Inc0.29%
Atlanticus Holdings Corp0.29%
Herbalife Ltd0.28%
Wiley (John) & Sons-Class A0.28%
Alkermes PLC0.28%
Information Services Group0.28%
Eplus Inc0.27%
Commercial Metals Co0.26%
Nabors Industries Ltd0.26%
Moog Inc-Class A0.26%
Dream Finders Homes Inc - A0.26%
Energizer Holdings Inc0.25%
Velocity Financial Inc0.25%
Firstcash Holdings Inc0.24%
Phibro Animal Health Corp-A0.24%
Pebblebrook Hotel Trust0.24%
Costamare Inc0.24%
Walker & Dunlop Inc0.24%
Phinia Inc0.23%
O-I Glass Inc0.23%
N B T Bancorp Inc0.22%
Yelp Inc0.22%
Hci Group Inc0.22%
Rlj Lodging Trust0.22%
Everforth Inc0.22%

Weight gaps

The 100 widest of 197 Holdings in both funds.

Holding weights in BKSE and EBIT, widest gap first
Holding	More in BKSEMore in EBIT	BKSE	EBIT
Pennymac Financial ServicesPFSI	EBIT +0.63 points	0.08%	0.71%
Cvr Energy IncCVI	EBIT +0.45 points	0.09%	0.54%
Bread Financial Holdings IncBFH	EBIT +0.43 points	0.19%	0.62%
Enact Holdings IncACT	EBIT +0.42 points	0.05%	0.47%
Cnx Resources CorpCNX	EBIT +0.38 points	0.23%	0.61%
Abercrombie & Fitch Co-Cl AANF	EBIT +0.38 points	0.32%	0.70%
Group 1 Automotive IncGPI	EBIT +0.37 points	0.13%	0.50%
Diebold Nixdorf IncDBD	EBIT +0.35 points	0.08%	0.43%
Hamilton Insurance Grou-Cl BHG	EBIT +0.33 points	0.08%	0.41%
International Seaways IncINSW	EBIT +0.33 points	0.20%	0.54%
F&G Annuities & Life IncFG	EBIT +0.31 points	0.04%	0.35%
Nelnet Inc-Cl ANNI	EBIT +0.32 points	0.09%	0.41%
Asbury Automotive GroupABG	EBIT +0.28 points	0.18%	0.46%
Hilton Grand Vacations IncHGV	EBIT +0.27 points	0.11%	0.38%
Meritage Homes CorpMTH	EBIT +0.27 points	0.20%	0.47%
Cal-Maine Foods IncCALM	EBIT +0.26 points	0.13%	0.39%
Quaker Chemical CorporationKWR	EBIT +0.24 points	0.08%	0.32%
Essent Group LtdESNT	EBIT +0.23 points	0.27%	0.50%
Mercury General CorpMCY	EBIT +0.23 points	0.12%	0.35%
Kb HomeKBH	EBIT +0.23 points	0.13%	0.36%
Murphy Oil CorpMUR	EBIT +0.22 points	0.27%	0.49%
Matson IncMATX	EBIT +0.22 points	0.30%	0.52%
Green Brick Partners IncGRBK	EBIT +0.22 points	0.08%	0.30%
Academy Sports & Outdoors InASO	EBIT +0.21 points	0.16%	0.37%
Commvault Systems IncCVLT	BKSE +0.19 points	0.30%	0.11%
Axos Financial IncAX	EBIT +0.19 points	0.21%	0.40%
California Resources CorpCRC	EBIT +0.20 points	0.17%	0.37%
Radian Group IncRDN	EBIT +0.19 points	0.21%	0.40%
International Bancshares CrpIBOC	EBIT +0.18 points	0.16%	0.34%
Artisan Partners Asset Ma -AAPAM	EBIT +0.17 points	0.11%	0.28%
M/I Homes IncMHO	EBIT +0.17 points	0.14%	0.31%
National Beverage CorpFIZZ	EBIT +0.16 points	0.04%	0.20%
Cathay General BancorpCATY	EBIT +0.17 points	0.18%	0.35%
Balchem CorpBCPC	BKSE +0.16 points	0.25%	0.09%
Materion CorpMTRN	BKSE +0.16 points	0.21%	0.05%
Victory Capital Holding - AVCTR	EBIT +0.15 points	0.21%	0.36%
First Interstate Bancsys-AFIBK	EBIT +0.15 points	0.14%	0.29%
Valley National BancorpVLY	EBIT +0.15 points	0.30%	0.45%
Cushman & Wakefield LtdCWK	EBIT +0.14 points	0.14%	0.28%
Terreno Realty CorpTRNO	BKSE +0.14 points	0.30%	0.16%
Boise Cascade CoBCC	EBIT +0.15 points	0.12%	0.27%
Herc Holdings IncHRI	EBIT +0.15 points	0.24%	0.39%
Home Bancshares IncHOMB	EBIT +0.15 points	0.25%	0.40%
Siriuspoint LtdSPNT	EBIT +0.14 points	0.12%	0.26%
Victoria's Secret & CoVSXY	BKSE +0.14 points	0.31%	0.17%
Cabot CorpCBT	EBIT +0.14 points	0.17%	0.31%
Insight Enterprises IncNSIT	EBIT +0.14 points	0.20%	0.34%
Myr Group Inc/DelawareMYRG	BKSE +0.13 points	0.19%	0.06%
Signet Jewelers LtdSIG	EBIT +0.13 points	0.21%	0.34%
Graham Holdings Co-Class BGHC	EBIT +0.13 points	0.16%	0.29%
Pacs Group IncPACS	EBIT +0.13 points	0.10%	0.23%
Skywest IncSKYW	EBIT +0.12 points	0.15%	0.27%
Fulton Financial CorpFULT	EBIT +0.12 points	0.20%	0.32%
Sm Energy CoSM	BKSE +0.13 points	0.40%	0.27%
Excelerate Energy Inc-AEE	EBIT +0.13 points	0.04%	0.17%
Genworth Financial IncGNW	EBIT +0.13 points	0.15%	0.28%
Merit Medical Systems IncMMSI	BKSE +0.13 points	0.22%	0.09%
Greif Inc-Cl AGEF	EBIT +0.13 points	0.09%	0.22%
Red Rock Resorts Inc-Class ARRR	EBIT +0.12 points	0.11%	0.23%
Wsfs Financial CorpWSFS	EBIT +0.13 points	0.18%	0.31%
First Bancorp Puerto RicoFBP	EBIT +0.12 points	0.18%	0.30%
Vse CorpVSEC	BKSE +0.12 points	0.18%	0.06%
Garrett Motion IncGTX	EBIT +0.12 points	0.14%	0.26%
First Financial BancorpFFBC	EBIT +0.12 points	0.15%	0.27%
Trinity Industries IncTRN	EBIT +0.12 points	0.10%	0.22%
Sonic Automotive Inc-Class ASAH	EBIT +0.12 points	0.03%	0.15%
Liberty Energy IncLBRT	EBIT +0.12 points	0.12%	0.24%
Hancock Whitney CorpHWC	EBIT +0.12 points	0.25%	0.37%
Bankunited IncBKU	EBIT +0.12 points	0.14%	0.26%
United Community Banks/GaUCB	EBIT +0.11 points	0.20%	0.31%
Griffon CorpGFF	EBIT +0.11 points	0.17%	0.28%
Cno Financial Group IncCNO	EBIT +0.12 points	0.23%	0.35%
Urban Outfitters IncURBN	EBIT +0.12 points	0.23%	0.35%
Bancorp Inc/TheTBBK	EBIT +0.11 points	0.08%	0.19%
Sl Green Realty CorpSLG	EBIT +0.12 points	0.16%	0.28%
American Eagle OutfittersAEO	EBIT +0.11 points	0.14%	0.25%
Nmi Holdings IncNMIH	EBIT +0.11 points	0.14%	0.25%
Enova International IncENVA	EBIT +0.10 points	0.19%	0.29%
Brink's Co/TheBCO	EBIT +0.11 points	0.18%	0.29%
Stride IncLRN	EBIT +0.10 points	0.15%	0.25%
Cargurus IncCARG	EBIT +0.10 points	0.11%	0.21%
Csw Industrials IncCSWI	BKSE +0.10 points	0.21%	0.11%
Acushnet Holdings CorpGOLF	EBIT +0.10 points	0.10%	0.20%
Haemonetics Corp/MassHAE	BKSE +0.10 points	0.24%	0.14%
Kontoor Brands IncKTB	EBIT +0.10 points	0.18%	0.28%
Valaris LtdVAL	EBIT +0.09 points	0.27%	0.36%
United Bankshares IncUBSI	EBIT +0.10 points	0.28%	0.38%
Apple Hospitality Reit IncAPLE	EBIT +0.09 points	0.19%	0.28%
Tidewater IncTDW	EBIT +0.10 points	0.18%	0.28%
Sensient Technologies CorpSXT	BKSE +0.09 points	0.22%	0.13%
Spire IncSR	EBIT +0.09 points	0.22%	0.31%
Noble Corp PLCNE	EBIT +0.09 points	0.29%	0.38%
Gulfport Energy CorpGPOR	EBIT +0.09 points	0.11%	0.20%
Kulicke & Soffa IndustriesKLIC	BKSE +0.09 points	0.17%	0.08%
Ameris BancorpABCB	EBIT +0.09 points	0.23%	0.32%
Maximus IncMMS	EBIT +0.09 points	0.14%	0.23%
Ceco Environmental CorpCECO	BKSE +0.08 points	0.12%	0.04%
Moelis & Co - Class AMC	EBIT +0.08 points	0.20%	0.28%
Towne BankTOWN	EBIT +0.08 points	0.14%	0.22%
Rush Enterprises Inc-Cl ARUSHA	EBIT +0.08 points	0.17%	0.25%

All 599 BKSE holdings⁠All 597 EBIT 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.

BKSE vs EBIT Cost

Overpaying EBIT vs BKSE

$5,103

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

BKSE 0.04%
$849
EBIT 0.29%
$5,952

Amount$10,000

Years30 years

Cost over time

BKSE 0.04%
EBIT 0.29%
Overpaying

Year by year

Year	BKSE	EBIT	Overpaying
10	$73	$527	$454
20	$288	$2,044	$1,756
30	$849	$5,952	$5,103

Expense ratio

0.04%BKSE, cheaper
0.29%EBIT

BKSE0.04%EBIT0.29%

0.03%0.60%

Middle half of US Small-Cap funds
Median 0.20%

BKSE 3rd cheapest of 16 funds

EBIT 12th cheapest of 16 funds

BKSE vs EBIT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BKSE 1.28%; EBIT 1.72%, better
Payout (12M): BKSE $0.55; EBIT $0.67
Last payment: BKSE $0.15; EBIT $0.67
Ex-dividend: BKSE Oct 1, 2026; EBIT Dec 19, 2025
Paid on: BKSE Oct 6, 2026; EBIT Dec 24, 2025
Frequency: BKSE Quarterly; EBIT Irregular

Distribution history

Per share, 2020 to 2026, same scale for both

BKSEQuarterly · 26 paymentsAll BKSE payments⁠

EBITIrregular · 2 paymentsAll EBIT payments⁠

BKSE vs EBIT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BKSE 18.0%EBIT 15.9%since Aug 2024
Return per unit of riskSharpe ratio, 3 years: BKSE 0.89EBIT 0.29since Aug 2024
Worst fallMax drawdown, 5 years: BKSE −29.1%EBIT −26.6%since Jul 2024
Market sensitivityBeta, 5 years: BKSE 1.07EBIT 0.84; Market = 1

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