BKDV vs TVAL
BNY Mellon Dynamic Value ETF vs T. Rowe Price Value ETF
Which is better, BKDV or TVAL?
Nearly the same fund. TVAL costs less.
TVAL has a lower expense ratio. BKDV led over the full window, TVAL over 1Y. The two have moved almost in lockstep, correlation 0.98. TVAL is less concentrated, with 29.8% of the fund in its ten largest positions against 33.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BKDV | TVAL |
|---|---|---|
| Expense Ratio | 0.60% | 0.33%Best |
| AUM | $2.2B | $1.1B |
| Dividend Yield | 0.53% | 0.97% |
| Holdings | 84 | 155 |
| YTD Return | +17.11% | +20.77%Best |
| 1Y Return | +23.83% | +27.42%Best |
| 3Y Return (annualized) | - | +20.43% |
| Volatility (annualized) | 11.8%Best | 12.6% |
| Max Drawdown | -15.5%Best | -15.8% |
| $10,000 over 1.9 years | $13,788Best | $13,702 |
| Top 10 Weight | 33.5% | 29.8%Best |
| Fund Family | BNY Mellon Investment Management | T.Rowe Price |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 1, 2024 | Jun 14, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 4, 2024 to Oct 14, 2026 (1.9 years).
BKDV vs TVAL growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.9 years both funds cover.
BKDV vs TVAL Performance
BNY Mellon Dynamic Value ETF (BKDV) is an ETF from BNY Mellon Investment Management and T. Rowe Price Value ETF (TVAL) is an ETF from T.Rowe Price. Over the past year BKDV returned +23.83% while TVAL returned +27.42%. Year to date, BKDV is up 17.11% versus a gain of 20.77% for TVAL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TVAL has been the more volatile fund, with annualized monthly volatility of 12.6% compared with 11.8% for BKDV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -15.5% for BKDV and -15.8% for TVAL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BKDV charges 0.60% per year while TVAL charges 0.33%. On a $10,000 position that is $60 vs $33 annually, a gap of $27 per year that compounds over a long holding period. On income, BKDV currently yields 0.53% against 0.97% for TVAL.
Holdings Overlap
62.1% of BKDV's money is in holdings TVAL also owns. 45.2% of TVAL's money is in holdings BKDV also owns.
The two portfolios partly overlap.
39 positions in common, counted across the 79 positions we hold weights for in BKDV and 148 in TVAL, against full books of 84 and 155.
What only one of them owns
Our book lists 101 positions for TVAL that do not appear in our book for BKDV (50.1% of the fund), and 38 for BKDV that do not appear in TVAL (35.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in BKDV | Weight in TVAL | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 6.02% | 6.50% | 0.48% |
| MSFTMicrosoft Corp | 4.98% | 5.15% | 0.17% |
| AAPLApple, Inc | 3.28% | 5.78% | 2.50% |
| JPMJpmorgan Chase | 4.03% | 1.74% | 2.29% |
| JNJJohnson & Johnson - Common | 2.74% | 1.82% | 0.92% |
| UNHUnitedhealth Group Incorporated | 2.65% | 1.25% | 1.40% |
| CSCOCisco Systems Inc. - Ordinary Shares | 2.21% | 1.43% | 0.78% |
| SLBSchlumberger Nv. | 2.62% | 0.71% | 1.91% |
| PMPhilip Morris International Inc. | 1.76% | 1.33% | 0.43% |
| CLColgate-Palmolive Co | 1.79% | 1.26% | 0.53% |
62.1% of BKDV is already inside TVAL.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, BKDV or TVAL?
BKDV has an expense ratio of 0.60% while TVAL charges 0.33%. TVAL is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, BKDV or TVAL?
Over the past year BKDV returned +23.83% vs +27.42% for TVAL, so TVAL leads on 1-year performance. Over the longest common window we track (2 years), BKDV annualized +18.42% vs +18.03% for TVAL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BKDV or TVAL?
TVAL has been the more volatile fund at 12.6% annualized versus 11.8% for BKDV. Worst drawdown: BKDV -15.5% vs TVAL -15.8%.
Should I hold both BKDV and TVAL?
BKDV and TVAL have a monthly-return correlation of 0.98, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between BKDV and TVAL?
62.1% of BKDV's money is in holdings TVAL also owns. 45.2% of TVAL's is in holdings BKDV also owns. They hold 39 positions in common, counted across the 79 positions we hold weights for in BKDV and 148 in TVAL.
Which pays a higher dividend, BKDV or TVAL?
BKDV yields 0.53% while TVAL yields 0.97%, so TVAL currently pays the higher dividend yield.
Is TVAL better than BKDV?
TVAL has a lower expense ratio. BKDV led over the full window, TVAL over 1Y. The two have moved almost in lockstep, correlation 0.98. TVAL is less concentrated, with 29.8% of the fund in its ten largest positions against 33.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.