BKSE vs VTWO: Grades, Fees and Holdings Compared

BNY Mellon US Small Cap Core Equity ETF

BKSEANYSE Arca

Vanguard Russell 2000 ETF

VTWOANasdaq

Overlap

48.4%by weight

Expense ratio

BKSE −0.02pt a year

BKSE0.04%VTWO0.06%

Avg volume · 30D

VTWO 312.1×the volume

BKSE4.65KVTWO1.45M

5Y return · a year

BKSE +1.5pt

BKSE+7.1%VTWO+5.6%

BKSE vs VTWO Performance

Oct 29, 2021 – Oct 30, 2026

+40.9%BKSE+31.3%VTWO

Expense ratio: BKSE 0.04%, better; VTWO 0.06%
Fund size: BKSE $83M; VTWO $17.3B
1Y total return: BKSE +17.4%, better; VTWO +14.8%
Yield (12M): BKSE 1.28%, better; VTWO 1.20%
Holdings: BKSE 604; VTWO 2000
Avg volume (30D): BKSE 4.65K sh; VTWO 1.45M sh, better
NAV per share: BKSE $42.78; VTWO $112.88
52W range

ETF.net Grade

Pillar letters and Scores for BKSE, VTWO, with each pillar’s weight
Pillar	BKSE	VTWO
Cost30% weight	A91Higher	A75
Mission25% weight	A100	A100
Risk15% weight	B61Higher	D34
Tradability15% weight	D30	C54Higher
Holdings10% weight	C53	A70Higher
Durability5% weight	F18	A83Higher

Rank among US Small-Cap funds

How we build Categories ›

Same Category. BKSE and VTWO 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 VTWO 4th 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 5ASMMDiShares Russell 2500 ETFScore 69

Our read on each fund

ETF.net Research

BKSEABNY Mellon US Small Cap Core Equity ETF

VTWOAVanguard Russell 2000 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.

VTWO The Russell 2000 is the small-cap benchmark every headline quotes. VTWO is Vanguard's cheap seat on it: about 2,000 small US companies for 0.06% a year, a fraction of the fee on the best-known fund tracking the same index.

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.

VTWO The fund invests in stocks in the Russell 2000 Index and seeks to closely track that index's return, representing small-cap U.S. stock exposure.

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.

VTWO Same index, smaller toll. VTWO charges 0.06% while IWM, the other big Russell 2000 tracker, charges 0.19%. The small-cap category median is 0.25%.vanguard.com
Holds roughly 2,000 stocks, the whole small-cap benchmark rather than a trimmed slice. A multi-billion-dollar fund, actively traded, running since 2010 and paying quarterly.
Tracking has been about as tight as this corner of the market gets, one of the closest index-replication records among US small-cap funds.

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.

VTWO Small-cap stocks swing harder than large caps, and this fund stays fully invested in them through the rough stretches.vanguard.com
Cheaper exists on the shelf: VB and SCHA run 0.03%, though they follow different small-cap indexes with different membership rules.
The Russell 2000 rebuilds its membership on a published schedule (June, plus a December rebalance from 2026), which packs index-driven trading into those dates.lseg.com

Full BKSE profile⁠

Full VTWO profile⁠

BKSE vs VTWO Holdings

How BKSE and VTWO differ

Overlap by weight

48.4%

Shared holdings make up 65.6% of BKSE and 48.8% of VTWO.

Level by level

Holdings414 in both48.4%
Sector11 Sectors88.3%
Countryby domicile98.5%
Asset classEquity100%

Sector

Sector weights in BKSE and VTWO, widest gap first
Sector	More in BKSEMore in VTWO	BKSE	VTWO
Health Care	VTWO +9.2 points	11.6%	20.8%
Consumer Discretionary	BKSE +5.1 points	13.6%	8.5%
Technology	BKSE +3.4 points	17.6%	14.2%
Financials	VTWO +2.1 points	16.0%	18.1%
Energy	BKSE +1.3 points	7.5%	6.2%
Consumer Staples	BKSE +0.7 points	3.3%	2.6%
Utilities	BKSE +0.6 points	3.3%	2.7%
Industrials	BKSE +0.3 points	14.0%	13.7%
Real Estate	BKSE +0.3 points	6.6%	6.3%
Communication	VTWO +0.3 points	1.9%	2.2%
Materials	VTWO +0.2 points	4.6%	4.8%

Country, concentration and asset class

Country by domicile

Country weights in BKSE and VTWO, widest gap first
Country	More in BKSEMore in VTWO	BKSE	VTWO
United States	VTWO +1.5 points	98.5%	100.0%
Other countries (8)	BKSE +1.5 points	1.5%	0.0%

Concentration

Weight in the 10 largest Holdings

BKSE4.0%
VTWO5.4%

Securities held

BKSE602
VTWO1,998

Asset class

BKSE: Equity
VTWO: Equity

Holdings

Only in BKSE188
In both414
Only in VTWO1,584

Only in BKSE

188 securities, 34.4% of BKSE by weight

Avantor Inc0.48%
Gitlab Inc-Cl A0.41%
Hanover Insurance Group Inc/0.38%
Elastic NV0.38%
Etsy Inc0.38%
Sentinelone Inc -Class A0.36%
Cleveland-Cliffs Inc0.35%
Ralliant Corp0.34%
Paylocity Holding Corp0.33%
Lamb Weston Holdings Inc0.33%
Crocs Inc0.33%
Epam Systems Inc0.33%
Avnet Inc0.32%
Matador Resources Co0.32%
Chemed Corp0.32%
Nov Inc0.32%
Vf Corp0.31%
Adt Inc0.30%
H&R Block Inc0.29%
Msa Safety Inc0.29%
Weatherford International Pl0.29%
Elf Beauty Inc0.29%
Ingredion Inc0.29%
Science Applications Inte0.29%
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%
Sensata Technologies Holdplc0.26%
Gates Industrial Corp Ltd0.26%
Rayonier Inc0.26%
Hexcel Corp0.26%
Gxo Logistics Inc0.26%
Ringcentral Inc-Class A0.26%
Eagle Materials Inc0.25%
Macy's Inc0.25%
Caesars Entertainment Inc0.25%
Wyndham Hotels & Resorts Inc0.25%
Uipath Inc - Class A0.25%
Ollie's Bargain Outlet Holdi0.25%
Rli Corp0.25%
Fti Consulting Inc0.25%
Rithm Capital Corp0.24%
Vail Resorts Inc0.24%

Only in VTWO

1,584 securities, 51.2% of VTWO by weight

SLBBH11422.36%
Moog Inc0.36%
JFrog Ltd0.35%
UMB Financial Corp0.32%
BrightSpring Health Services Inc0.31%
Glaukos Corp0.31%
Viasat Inc0.30%
Cytokinetics Inc0.29%
Hut 8 Corp0.29%
CareTrust REIT Inc0.29%
Krystal Biotech Inc0.29%
Protagonist Therapeutics Inc0.29%
Old National Bancorp/IN0.28%
FirstCash Holdings Inc0.28%
Jackson Financial Inc0.28%
InterDigital Inc0.28%
TG Therapeutics Inc0.27%
Vaxcyte Inc0.25%
Oscar Health Inc0.24%
HealthEquity Inc0.24%
Praxis Precision Medicines Inc0.24%
Arcosa Inc0.24%
StoneX Group Inc0.23%
Zurn Elkay Water Solutions Corp0.23%
ESCO Technologies Inc0.23%
SSR Mining Inc0.23%
Commercial Metals Co0.23%
Kymera Therapeutics Inc0.23%
Spyre Therapeutics Inc0.22%
Alkermes PLC0.22%
Fluor Corp0.22%
Compass Inc0.21%
Hims & Hers Health Inc0.21%
Life Time Group Holdings Inc0.21%
Iovance Biotherapeutics Inc0.19%
GRAIL Inc0.19%
JBT Marel Corp0.18%
Lumen Technologies Inc0.18%
Cipher Digital Inc0.18%
Argan Inc0.17%
CRISPR Therapeutics AG0.16%
Golar LNG Ltd0.15%
CSW Industrials Inc0.15%
Brookfield Infrastructure Corp0.15%
Marex Group Ltd0.14%
Joby Aviation Inc0.13%
COPT Defense Properties0.13%
HeartFlow Inc0.13%
Scorpio Tankers Inc0.12%
Kodiak Sciences Inc0.12%

Weight gaps

The 100 widest of 414 Holdings in both funds.

Holding weights in BKSE and VTWO, widest gap first
Holding	More in BKSEMore in VTWO	BKSE	VTWO
Transocean LtdRIG	BKSE +0.14 points	0.31%	0.17%
Qualys IncQLYS	BKSE +0.14 points	0.36%	0.22%
LIFE360 IncLIF	BKSE +0.13 points	0.16%	0.03%
Brinker International IncEAT	BKSE +0.13 points	0.41%	0.28%
Sm Energy CoSM	BKSE +0.13 points	0.40%	0.27%
Abercrombie & Fitch Co-Cl AANF	BKSE +0.12 points	0.32%	0.20%
Valaris LtdVAL	BKSE +0.12 points	0.27%	0.15%
Veradermics IncMANE	BKSE +0.12 points	0.21%	0.09%
Tenable Holdings IncTENB	BKSE +0.12 points	0.25%	0.13%
Box Inc - Class ABOX	BKSE +0.12 points	0.27%	0.15%
Noble Corp PLCNE	BKSE +0.11 points	0.29%	0.18%
Ryman Hospitality PropertiesRHP	BKSE +0.11 points	0.38%	0.27%
Braze Inc-ABRZE	BKSE +0.11 points	0.19%	0.08%
Option Care Health IncOPCH	BKSE +0.10 points	0.22%	0.12%
Frontdoor IncFTDR	BKSE +0.11 points	0.28%	0.17%
Black Hills CorpBKH	BKSE +0.10 points	0.28%	0.18%
Essent Group LtdESNT	BKSE +0.10 points	0.27%	0.17%
Oruka Therapeutics IncORKA	BKSE +0.10 points	0.24%	0.14%
Murphy Oil CorpMUR	BKSE +0.10 points	0.27%	0.17%
Herc Holdings IncHRI	BKSE +0.10 points	0.24%	0.14%
Victoria's Secret & CoVSXY	BKSE +0.10 points	0.31%	0.21%
Commvault Systems IncCVLT	BKSE +0.09 points	0.30%	0.21%
Valley National BancorpVLY	BKSE +0.10 points	0.30%	0.20%
Glacier Bancorp IncGBCI	BKSE +0.09 points	0.28%	0.19%
Macerich Co/TheMAC	BKSE +0.10 points	0.31%	0.21%
Casella Waste Systems Inc-ACWST	BKSE +0.09 points	0.26%	0.17%
Selective Insurance GroupSIGI	BKSE +0.09 points	0.26%	0.17%
Aci Worldwide IncACIW	BKSE +0.08 points	0.25%	0.17%
Southwest Gas Holdings IncSWX	BKSE +0.09 points	0.29%	0.20%
Rxo IncRXO	BKSE +0.09 points	0.20%	0.11%
Urban Outfitters IncURBN	BKSE +0.08 points	0.23%	0.15%
St Joe Co/TheJOE	BKSE +0.09 points	0.17%	0.08%
Terex CorpTEX	BKSE +0.08 points	0.28%	0.20%
Silicon Laboratories IncSLAB	BKSE +0.09 points	0.33%	0.24%
Cnx Resources CorpCNX	BKSE +0.08 points	0.23%	0.15%
Haemonetics Corp/MassHAE	BKSE +0.08 points	0.24%	0.16%
Northwestern Energy Group InNWE	BKSE +0.08 points	0.22%	0.14%
First Bancorp Puerto RicoFBP	BKSE +0.08 points	0.18%	0.10%
Badger Meter IncBMI	BKSE +0.08 points	0.20%	0.12%
Outfront Media IncOUT	BKSE +0.08 points	0.23%	0.15%
Gatx CorpGATX	BKSE +0.08 points	0.28%	0.20%
Mirion Technologies IncMIR	BKSE +0.08 points	0.19%	0.11%
Lantheus Holdings IncLNTH	BKSE +0.08 points	0.29%	0.21%
Ligand PharmaceuticalsLGND	BKSE +0.07 points	0.28%	0.21%
Terreno Realty CorpTRNO	BKSE +0.07 points	0.30%	0.23%
Federal Signal CorpFSS	BKSE +0.08 points	0.30%	0.22%
Pbf Energy Inc-Class APBF	BKSE +0.08 points	0.33%	0.25%
Zeta Global Holdings Corp-AZETA	BKSE +0.07 points	0.31%	0.24%
Workiva IncWK	BKSE +0.08 points	0.19%	0.11%
Radian Group IncRDN	BKSE +0.07 points	0.21%	0.14%
Synaptics IncSYNA	BKSE +0.08 points	0.21%	0.13%
Matson IncMATX	BKSE +0.08 points	0.30%	0.22%
Signet Jewelers LtdSIG	BKSE +0.08 points	0.21%	0.13%
United Bankshares IncUBSI	BKSE +0.07 points	0.28%	0.21%
Ufp Industries IncUFPI	BKSE +0.07 points	0.22%	0.15%
Radnet IncRDNT	BKSE +0.08 points	0.24%	0.16%
Spire IncSR	BKSE +0.07 points	0.22%	0.15%
Marriott Vacations WorldVAC	BKSE +0.08 points	0.17%	0.09%
Cheesecake Factory Inc/TheCAKE	BKSE +0.08 points	0.24%	0.16%
Mirum Pharmaceuticals IncMIRM	BKSE +0.08 points	0.21%	0.13%
Home Bancshares IncHOMB	BKSE +0.07 points	0.25%	0.18%
Asbury Automotive GroupABG	BKSE +0.08 points	0.18%	0.10%
Archrock IncAROC	BKSE +0.08 points	0.25%	0.17%
Balchem CorpBCPC	BKSE +0.07 points	0.25%	0.18%
Acadia Pharmaceuticals IncACAD	BKSE +0.07 points	0.16%	0.09%
Granite Construction IncGVA	BKSE +0.07 points	0.24%	0.17%
Cno Financial Group IncCNO	BKSE +0.07 points	0.23%	0.16%
Varonis Systems IncVRNS	BKSE +0.07 points	0.25%	0.18%
Patterson-Uti Energy IncPTEN	BKSE +0.07 points	0.20%	0.13%
Essential Properties RealtyEPRT	BKSE +0.07 points	0.26%	0.19%
Atlantic Union Bankshares CoAUB	BKSE +0.07 points	0.25%	0.18%
Texas Capital Bancshares IncTCBI	BKSE +0.07 points	0.20%	0.13%
Associated Banc-CorpASB	BKSE +0.07 points	0.23%	0.16%
Kontoor Brands IncKTB	BKSE +0.06 points	0.18%	0.12%
Apple Hospitality Reit IncAPLE	BKSE +0.07 points	0.19%	0.12%
New Jersey Resources CorpNJR	BKSE +0.07 points	0.24%	0.17%
Itron IncITRI	BKSE +0.06 points	0.19%	0.13%
Bread Financial Holdings IncBFH	BKSE +0.06 points	0.19%	0.13%
Helmerich & PayneHP	BKSE +0.07 points	0.19%	0.12%
Concentra Group Holdings ParCON	BKSE +0.07 points	0.20%	0.13%
Remitly Global IncRELY	BKSE +0.07 points	0.20%	0.13%
Academy Sports & Outdoors InASO	BKSE +0.06 points	0.16%	0.10%
Meritage Homes CorpMTH	BKSE +0.07 points	0.20%	0.13%
Installed Building ProductsIBP	BKSE +0.07 points	0.22%	0.15%
Servicetitan Inc-ATTAN	BKSE +0.07 points	0.20%	0.13%
United Community Banks/GaUCB	BKSE +0.07 points	0.20%	0.13%
Novanta IncNOVT	BKSE +0.06 points	0.23%	0.17%
Ameris BancorpABCB	BKSE +0.06 points	0.23%	0.17%
Cactus Inc - AWHD	BKSE +0.07 points	0.21%	0.14%
Openlane IncOPLN	BKSE +0.06 points	0.18%	0.12%
Q2 Holdings IncQTWO	BKSE +0.06 points	0.18%	0.12%
Kite Realty Group TrustKRG	BKSE +0.07 points	0.23%	0.16%
Waystar Holding CorpWAY	BKSE +0.07 points	0.16%	0.09%
One Gas IncOGS	BKSE +0.06 points	0.21%	0.15%
Eastern Bankshares IncEBC	BKSE +0.06 points	0.21%	0.15%
Harley-Davidson IncHOG	BKSE +0.06 points	0.14%	0.08%
Ha Sustainable InfrastructurHASI	BKSE +0.06 points	0.21%	0.15%
Palomar Holdings IncPLMR	BKSE +0.06 points	0.17%	0.11%
Exponent IncEXPO	BKSE +0.06 points	0.17%	0.11%
Independence Realty Trust InIRT	BKSE +0.06 points	0.17%	0.11%

All 599 BKSE holdings⁠All 1,969 VTWO 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 VTWO Cost

Overpaying VTWO vs BKSE

$421

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

BKSE 0.04%
$849
VTWO 0.06%
$1,270

Amount$10,000

Years30 years

Cost over time

BKSE 0.04%
VTWO 0.06%
Overpaying

Year by year

Year	BKSE	VTWO	Overpaying
10	$73	$110	$37
20	$288	$432	$144
30	$849	$1,270	$421

Expense ratio

0.04%BKSE, cheaper
0.06%VTWO

BKSE0.04%VTWO0.06%

0.03%0.60%

Middle half of US Small-Cap funds
Median 0.20%

BKSE 3rd cheapest of 16 funds

VTWO 4th cheapest of 16 funds

BKSE vs VTWO Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BKSE 1.28%, better; VTWO 1.20%
Payout (12M): BKSE $0.55; VTWO $1.36
Last payment: BKSE $0.15; VTWO $0.39
Ex-dividend: BKSE Oct 1, 2026; VTWO Sep 23, 2026
Paid on: BKSE Oct 6, 2026; VTWO Sep 25, 2026
Frequency: BKSE Quarterly; VTWO Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BKSEQuarterly · 26 paymentsAll BKSE payments⁠

VTWOQuarterly · 39 paymentsAll VTWO payments⁠

BKSE vs VTWO Risk

Fall from peak · 5 years

BKSE
VTWO

Risk facts

VolatilityStd dev, 3 years: BKSE 18.0%, betterVTWO 19.0%
Return per unit of riskSharpe ratio, 3 years: BKSE 0.89, betterVTWO 0.86
Worst fallMax drawdown, 5 years: BKSE −29.1%, betterVTWO −31.9%
Market sensitivityBeta, 5 years: BKSE 1.07VTWO 1.14; Market = 1

BKSE and VTWO 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, 2026VTWO
Head-to-Head
Hold VB over IWM for a small-cap stake
Oct 30, 2026VTWO
New ETFs
Longnook's compounders ETF leads with tankers, Newmont and Exxon Mobil
Oct 5, 2026VTWO
Best ETFs
Schwab and Vanguard charge the same 0.03%. Their small-cap funds are 3.7 percentage points apart
Updated Oct 2, 2026VTWO

Popular comparisons

BKSEAvsSCHAA
BNY Mellon US Small Cap Core Equity ETF · Schwab U.S. Small-Cap ETF
Expense ratio
0.04% · 0.03%
Category
VTWOAvsSCHAA
Vanguard Russell 2000 ETF · Schwab U.S. Small-Cap ETF
Expense ratio
0.06% · 0.03%
Category
BKSEAvsVBA
BNY Mellon US Small Cap Core Equity ETF · Vanguard Morningstar Small-Cap ETF
Expense ratio
0.04% · 0.03%
Category
VTWOAvsVBA
Vanguard Russell 2000 ETF · Vanguard Morningstar Small-Cap ETF
Expense ratio
0.06% · 0.03%
Category
BKSEAvsSMMDA
BNY Mellon US Small Cap Core Equity ETF · iShares Russell 2500 ETF
Expense ratio
0.04% · 0.15%
Category
VTWOAvsSMMDA
Vanguard Russell 2000 ETF · iShares Russell 2500 ETF
Expense ratio
0.06% · 0.15%
Category

BKSE vs VTWO

In short

Stated mandate

Why people hold it