BKSE vs SCHA: Grades, Fees and Holdings Compared

BNY Mellon US Small Cap Core Equity ETF

BKSEANYSE Arca

Schwab U.S. Small-Cap ETF

SCHAANYSE Arca

Overlap

51.8%by weight

Expense ratio

SCHA −0.01pt a year

BKSE0.04%SCHA0.03%

Avg volume · 30D

SCHA 658.7×the volume

BKSE4.65KSCHA3.06M

5Y return · a year

BKSE +0.9pt

BKSE+7.1%SCHA+6.2%

BKSE vs SCHA Performance

Oct 29, 2021 – Oct 30, 2026

+40.9%BKSE+35.3%SCHA

Expense ratio: BKSE 0.04%; SCHA 0.03%, better
Fund size: BKSE $83M; SCHA $22B
1Y total return: BKSE +17.4%; SCHA +18.9%, better
Yield (12M): BKSE 1.28%, better; SCHA 1.12%
Holdings: BKSE 604; SCHA 1743
Avg volume (30D): BKSE 4.65K sh; SCHA 3.06M sh, better
NAV per share: BKSE $42.78; SCHA $33.00
52W range

ETF.net Grade

Pillar letters and Scores for BKSE, SCHA, with each pillar’s weight
Pillar	BKSE	SCHA
Cost30% weight	A91	A91
Mission25% weight	A100Higher	A95
Risk15% weight	B61Higher	C40
Tradability15% weight	D30	A86Higher
Holdings10% weight	C53	A81Higher
Durability5% weight	F18	A77Higher

Rank among US Small-Cap funds

How we build Categories ›

Same Category. BKSE and SCHA 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 ›

SCHA ranks 1st and BKSE 3rd 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

Our read on each fund

ETF.net Research

BKSEABNY Mellon US Small Cap Core Equity ETF

SCHAASchwab U.S. Small-Cap ETF

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.

SCHA Schwab's small-cap workhorse: three basis points, roughly 1,700 companies, and a mandate to hold the slice of the US market that sits below the large and mid caps. Running since 2009.

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.

SCHA The fund seeks to closely track, before fees and expenses, the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index. It generally invests in that index’s small-cap stocks and normally places at least 90% of net assets in them.

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.

SCHA At 0.03% a year, it is tied for the cheapest fund in its small-cap peer group and a fraction of the 0.25% category median. The fee is the one variable you know in advance.
Roughly 1,700 stocks, weighted by size. That is the whole small-cap tail rather than a curated shortlist, and no single name gets to steer the portfolio.
The contract is plain: at least 90% of net assets in the Dow Jones U.S. Small-Cap Total Stock Market Index, and it has tracked that benchmark closely.
Sixteen years old, multi-billion-dollar, actively traded, and pays quarterly. One of the sturdier implementations among the broad small-cap index funds we cover.

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.

SCHA Small caps move harder than large caps in both directions. This fund takes the full ride with no hedge, buffer, or volatility damper in the design.
The index sorts by size, not quality. Unprofitable and lightly covered companies come along with everything else, since no earnings screen sits in front of the portfolio.
It follows a Dow Jones small-cap index, not the Russell 2000 that IWM and VTWO track, so its returns and headlines about that benchmark will not line up exactly.

Full BKSE profile⁠

Full SCHA profile⁠

BKSE vs SCHA Holdings

How BKSE and SCHA differ

Overlap by weight

51.8%

Shared holdings make up 94.4% of BKSE and 51.9% of SCHA.

Level by level

Holdings559 in both51.8%
Sector11 Sectors92.1%
Countryby domicile99.4%
Asset classEquity100%

Sector

Sector weights in BKSE and SCHA, widest gap first
Sector	More in BKSEMore in SCHA	BKSE	SCHA
Health Care	SCHA +5.4 points	11.6%	17.0%
Consumer Discretionary	BKSE +2.5 points	13.6%	11.1%
Technology	BKSE +2.1 points	17.6%	15.5%
Energy	BKSE +1.8 points	7.5%	5.7%
Financials	SCHA +1.2 points	16.0%	17.2%
Communication	SCHA +1.0 points	1.9%	2.9%
Utilities	BKSE +0.8 points	3.3%	2.5%
Materials	BKSE +0.4 points	4.6%	4.2%
Real Estate	SCHA +0.4 points	6.6%	7.0%
Consumer Staples	BKSE +0.2 points	3.3%	3.0%
Industrials	SCHA +0.1 points	14.0%	14.1%

Country, concentration and asset class

Country by domicile

Country weights in BKSE and SCHA, widest gap first
Country	More in BKSEMore in SCHA	BKSE	SCHA
United States	SCHA +0.4 points	98.5%	98.9%
Brazil	BKSE +0.2 points	0.4%	0.2%
India	BKSE +0.2 points	0.3%	0.1%
Switzerland	Same weight	0.2%	0.2%
Ireland	BKSE +0.1 points	0.2%	0.1%
Canada	Same weight	0.1%	0.1%
Taiwan	Same weight	0.1%	0.1%
Belgium	Same weight	0.1%	0.1%
Other countries (5)	Same weight	0.1%	0.1%

Concentration

Weight in the 10 largest Holdings

BKSE4.0%
SCHA2.9%

Securities held

BKSE602
SCHA1,743

Asset class

BKSE: Equity
SCHA: Equity

Holdings

Only in BKSE43
In both559
Only in SCHA1,184

Only in BKSE

43 securities, 5.6% of BKSE by weight

Avantor Inc0.48%
Elastic NV0.38%
Etsy Inc0.38%
Paylocity Holding Corp0.33%
Lamb Weston Holdings Inc0.33%
Chemed Corp0.32%
Fortune Brands Innovations I0.24%
Csw Industrials Inc0.21%
Octave Intelligence-Cl B0.21%
Morningstar Inc0.20%
Ccc Intelligent Solutions Ho0.19%
Kiniksa Pharmaceuticals Inte0.18%
Golar Lng Ltd0.18%
Copa Holdings Sa-Class A0.17%
Sunococorp Llc0.17%
Dreyfus Institutional Preferred Government Money M0.15%
Constellium SE0.14%
Callaway Golf Company0.11%
Landbridge Corp0.10%
Aura Minerals Inc0.10%
People Inc0.09%
Marzetti Company/The0.09%
Hamilton Insurance Grou-Cl B0.08%
Niq Global Intelligence PLC0.07%
Vistance Networks Inc0.06%
Waterbridge Infrastruc-Cl A0.06%
Ichor Holdings Ltd0.06%
Webull Corp0.06%
Bullish0.06%
Liberty Global Ltd-A0.05%
Accelerant Holdings-Cl A0.05%
Dlocal Ltd0.05%
Medical Properties Trust Inc0.05%
Bausch & Lomb Corp0.04%
Rush Enterprises Inc - Class B0.03%
Ardagh Metal Packaging SA0.03%
Atlanta Braves Holdings In-A0.02%
Array Digital Infrastructure0.02%
Bel Fuse Inc-Cl A0.01%
Net Current Assets0.01%
Cardinal Infrastructure Gr-A0.01%
Novob Dc Cvr<0.01%
Uwm Hldgs Rts Exp 11-19-20260.00%

Only in SCHA

1,184 securities, 48.1% of SCHA by weight

Halozyme Therapeutics0.35%
Glaukos0.34%
Wayfair Class A0.33%
Bitmine Immersion Technologies0.31%
American Healthcare Reit0.27%
Ensign Group0.26%
Ryder System0.26%
Viasat Inc0.25%
Wintrust Financial0.25%
Affiliated Managers Group0.25%
Southstate Bank Corp0.24%
Littelfuse0.24%
Brightspring Health Services Inc0.24%
Flowserve0.24%
Popular0.24%
New York Times Class A0.24%
Solstice Advanced Materials Inc0.24%
Rambus0.23%
Umb Financial0.23%
Hecla Mining0.23%
Watts Water Technologies Class A0.23%
Protagonist Therapeutics0.22%
Globus Medical Class A0.22%
Sanmina0.22%
Viper Energy Inc Class A0.22%
Allison Transmission Holdings0.22%
Kymera Therapeutics0.21%
Brixmor Property Group Reit Inc0.21%
Cytokinetics0.21%
Columbia Banking System Inc0.21%
Primerica0.21%
Prosperity Bancshares0.21%
Darling Ingredients0.21%
Krystal Biotech0.20%
Interdigital Inc0.20%
Life Time Group Holdings0.20%
Vaxcyte0.20%
Madrigal Pharmaceuticals0.20%
Caretrust Reit0.20%
Arrowhead Pharmaceuticals0.20%
Old National Bancorp0.20%
Healthequity0.20%
Jackson Financial Class A0.20%
Chord Energy0.20%
Agree Realty Reit0.20%
Spx Technologies Inc0.20%
Oshkosh Corp0.20%
Valmont Inds0.20%
Idacorp0.20%
Ugi0.20%

Weight gaps

The 100 widest of 559 Holdings in both funds.

Holding weights in BKSE and SCHA, widest gap first
Holding	More in BKSEMore in SCHA	BKSE	SCHA
Gitlab Inc-Cl AGTLB	BKSE +0.21 points	0.41%	0.20%
Hanover Insurance Group Inc/THG	BKSE +0.19 points	0.38%	0.19%
Brinker International IncEAT	BKSE +0.19 points	0.41%	0.22%
Adt IncADT	BKSE +0.17 points	0.30%	0.13%
Sm Energy CoSM	BKSE +0.18 points	0.40%	0.22%
Qualys IncQLYS	BKSE +0.17 points	0.36%	0.19%
Vf CorpVFC	BKSE +0.16 points	0.31%	0.15%
Epam Systems IncEPAM	BKSE +0.16 points	0.33%	0.17%
Cleveland-Cliffs IncCLF	BKSE +0.16 points	0.35%	0.19%
Ryman Hospitality PropertiesRHP	BKSE +0.16 points	0.38%	0.22%
Crocs IncCROX	BKSE +0.16 points	0.33%	0.17%
Sentinelone Inc -Class AS	BKSE +0.15 points	0.36%	0.21%
Ralliant CorpRAL	BKSE +0.15 points	0.34%	0.19%
Nov IncNOV	BKSE +0.16 points	0.32%	0.16%
Silicon Laboratories IncSLAB	BKSE +0.15 points	0.33%	0.18%
Pbf Energy Inc-Class APBF	BKSE +0.15 points	0.33%	0.18%
Matador Resources CoMTDR	BKSE +0.15 points	0.32%	0.17%
Abercrombie & Fitch Co-Cl AANF	BKSE +0.15 points	0.32%	0.17%
Noble Corp PLCNE	BKSE +0.15 points	0.29%	0.14%
H&R Block IncHRB	BKSE +0.14 points	0.29%	0.15%
Ingredion IncINGR	BKSE +0.15 points	0.29%	0.14%
Twist Bioscience CorpTWST	BKSE +0.15 points	0.42%	0.27%
Transocean LtdRIG	BKSE +0.15 points	0.31%	0.16%
Macerich Co/TheMAC	BKSE +0.15 points	0.31%	0.16%
Avnet IncAVT	BKSE +0.14 points	0.32%	0.18%
Churchill Downs IncCHDN	BKSE +0.14 points	0.28%	0.14%
Valley National BancorpVLY	BKSE +0.14 points	0.30%	0.16%
Science Applications InteSAIC	BKSE +0.14 points	0.29%	0.15%
Lantheus Holdings IncLNTH	BKSE +0.13 points	0.29%	0.16%
Msa Safety IncMSA	BKSE +0.14 points	0.29%	0.15%
Weatherford International PlWFRD	BKSE +0.14 points	0.29%	0.15%
Teleflex IncTFX	BKSE +0.14 points	0.28%	0.14%
Zeta Global Holdings Corp-AZETA	BKSE +0.13 points	0.31%	0.18%
Commvault Systems IncCVLT	BKSE +0.13 points	0.30%	0.17%
Exlservice Holdings IncEXLS	BKSE +0.13 points	0.28%	0.15%
Terreno Realty CorpTRNO	BKSE +0.13 points	0.30%	0.17%
Rayonier IncRYN	BKSE +0.13 points	0.26%	0.13%
Matson IncMATX	BKSE +0.14 points	0.30%	0.16%
Black Hills CorpBKH	BKSE +0.13 points	0.28%	0.15%
Ligand PharmaceuticalsLGND	BKSE +0.13 points	0.28%	0.15%
Glacier Bancorp IncGBCI	BKSE +0.13 points	0.28%	0.15%
Murphy Oil CorpMUR	BKSE +0.13 points	0.27%	0.14%
Frontdoor IncFTDR	BKSE +0.14 points	0.28%	0.14%
Federal Signal CorpFSS	BKSE +0.13 points	0.30%	0.17%
Lear CorpLEA	BKSE +0.13 points	0.27%	0.14%
Terex CorpTEX	BKSE +0.13 points	0.28%	0.15%
Elf Beauty IncELF	BKSE +0.13 points	0.29%	0.16%
Fnb CorpFNB	BKSE +0.13 points	0.28%	0.15%
Fti Consulting IncFCN	BKSE +0.13 points	0.25%	0.12%
Genpact LtdG	BKSE +0.13 points	0.27%	0.14%
Gatx CorpGATX	BKSE +0.13 points	0.28%	0.15%
Marketaxess Holdings IncMKTX	BKSE +0.13 points	0.27%	0.14%
Casella Waste Systems Inc-ACWST	BKSE +0.13 points	0.26%	0.13%
Essent Group LtdESNT	BKSE +0.13 points	0.27%	0.14%
Lyft Inc-ALYFT	BKSE +0.12 points	0.27%	0.15%
Wex IncWEX	BKSE +0.13 points	0.27%	0.14%
United Bankshares IncUBSI	BKSE +0.12 points	0.28%	0.16%
Southwest Gas Holdings IncSWX	BKSE +0.13 points	0.29%	0.16%
Mgic Investment CorpMTG	BKSE +0.13 points	0.27%	0.14%
Txnm Energy IncTXNM	BKSE +0.12 points	0.26%	0.14%
10X Genomics Inc-Class ATXG	BKSE +0.13 points	0.36%	0.23%
Celanese CorpCE	BKSE +0.12 points	0.24%	0.12%
Victoria's Secret & CoVSXY	BKSE +0.12 points	0.31%	0.19%
Box Inc - Class ABOX	BKSE +0.13 points	0.27%	0.14%
Eagle Materials IncEXP	BKSE +0.12 points	0.25%	0.13%
Gxo Logistics IncGXO	BKSE +0.12 points	0.26%	0.14%
Aci Worldwide IncACIW	BKSE +0.12 points	0.25%	0.13%
Sensata Technologies HoldplcST	BKSE +0.12 points	0.26%	0.14%
Balchem CorpBCPC	BKSE +0.12 points	0.25%	0.13%
Essential Properties RealtyEPRT	BKSE +0.12 points	0.26%	0.14%
Trex Company IncTREX	BKSE +0.12 points	0.24%	0.12%
Bank OzkOZK	BKSE +0.12 points	0.24%	0.12%
Rithm Capital CorpRITM	BKSE +0.12 points	0.24%	0.12%
Hancock Whitney CorpHWC	BKSE +0.11 points	0.25%	0.14%
Home Bancshares IncHOMB	BKSE +0.12 points	0.25%	0.13%
Hexcel CorpHXL	BKSE +0.12 points	0.26%	0.14%
Selective Insurance GroupSIGI	BKSE +0.12 points	0.26%	0.14%
Wyndham Hotels & Resorts IncWH	BKSE +0.11 points	0.25%	0.14%
White Mountains Insurance GpWTM	BKSE +0.11 points	0.24%	0.13%
Varonis Systems IncVRNS	BKSE +0.12 points	0.25%	0.13%
Atlantic Union Bankshares CoAUB	BKSE +0.12 points	0.25%	0.13%
Middleby CorpMIDD	BKSE +0.12 points	0.23%	0.11%
Bill Holdings IncBILL	BKSE +0.12 points	0.21%	0.09%
Granite Construction IncGVA	BKSE +0.11 points	0.24%	0.13%
Haemonetics Corp/MassHAE	BKSE +0.11 points	0.24%	0.13%
Uipath Inc - Class APATH	BKSE +0.12 points	0.25%	0.13%
Ollie's Bargain Outlet HoldiOLLI	BKSE +0.12 points	0.25%	0.13%
Msc Industrial Direct Co-AMSM	BKSE +0.11 points	0.23%	0.12%
Cheesecake Factory Inc/TheCAKE	BKSE +0.12 points	0.24%	0.12%
Tenable Holdings IncTENB	BKSE +0.11 points	0.25%	0.14%
Maxlinear IncMXL	BKSE +0.12 points	0.26%	0.14%
Ufp Industries IncUFPI	BKSE +0.11 points	0.22%	0.11%
Cno Financial Group IncCNO	BKSE +0.11 points	0.23%	0.12%
Radnet IncRDNT	BKSE +0.12 points	0.24%	0.12%
Caesars Entertainment IncCZR	BKSE +0.11 points	0.25%	0.14%
Archrock IncAROC	BKSE +0.12 points	0.25%	0.13%
New Jersey Resources CorpNJR	BKSE +0.11 points	0.24%	0.13%
Vail Resorts IncMTN	BKSE +0.11 points	0.24%	0.13%
Option Care Health IncOPCH	BKSE +0.11 points	0.22%	0.11%
Ameris BancorpABCB	BKSE +0.11 points	0.23%	0.12%

All 599 BKSE holdings⁠All 1,748 SCHA 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 SCHA Cost

Overpaying BKSE vs SCHA

$211

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

BKSE 0.04%
$849
SCHA 0.03%
$638

Amount$10,000

Years30 years

Cost over time

BKSE 0.04%
SCHA 0.03%
Overpaying

Year by year

Year	BKSE	SCHA	Overpaying
10	$73	$55	$18
20	$288	$216	$72
30	$849	$638	$211

Expense ratio

0.04%BKSE
0.03%SCHA, cheaper

SCHA0.03%BKSE0.04%

0.03%0.60%

Middle half of US Small-Cap funds
Median 0.20%

SCHA cheapest of 16 funds

BKSE 3rd cheapest of 16 funds

BKSE vs SCHA Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BKSE 1.28%, better; SCHA 1.12%
Payout (12M): BKSE $0.55; SCHA $0.37
Last payment: BKSE $0.15; SCHA $0.10
Ex-dividend: BKSE Oct 1, 2026; SCHA Sep 23, 2026
Paid on: BKSE Oct 6, 2026; SCHA Sep 28, 2026
Frequency: BKSE Quarterly; SCHA Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BKSEQuarterly · 26 paymentsAll BKSE payments⁠

SCHAQuarterly · 40 paymentsAll SCHA payments⁠

BKSE vs SCHA Risk

Fall from peak · 5 years

BKSE
SCHA

Risk facts

VolatilityStd dev, 3 years: BKSE 18.0%, betterSCHA 18.6%
Return per unit of riskSharpe ratio, 3 years: BKSE 0.89, betterSCHA 0.88
Worst fallMax drawdown, 5 years: BKSE −29.1%, betterSCHA −30.8%
Market sensitivityBeta, 5 years: BKSE 1.07SCHA 1.12; Market = 1

BKSE and SCHA in the news

All news⁠

Best ETFs
Best small-cap ETFs: Vanguard’s VB beats three great funds all charging just 0.03%
Updated Nov 2, 2026SCHA
Best ETFs
Schwab and Vanguard charge the same 0.03%. Their small-cap funds are 3.7 percentage points apart
Updated Oct 2, 2026SCHA

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BKSE vs SCHA

In short

Stated mandate

Why people hold it

Worth knowing

How BKSE and SCHA differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BKSE

Only in SCHA

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Best small-cap ETFs: Vanguard’s VB beats three great funds all charging just 0.03%

Schwab and Vanguard charge the same 0.03%. Their small-cap funds are 3.7 percentage points apart

How BKSE and SCHA differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BKSE

Only in SCHA

Weight gaps