BKDV vs VMAX
BNY Mellon Dynamic Value ETF vs Hartford US Value ETF
Which is better, BKDV or VMAX?
Nearly the same fund. VMAX costs less.
VMAX has a lower expense ratio. BKDV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96. VMAX is less concentrated, with 19.0% 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 | VMAX |
|---|---|---|
| Expense Ratio | 0.60% | 0.29%Best |
| AUM | $2.2B | $3M |
| Dividend Yield | 0.53% | 2.17% |
| Holdings | 84 | 127 |
| YTD Return | +17.11%Best | +16.66% |
| 1Y Return | +23.83%Best | +21.02% |
| Volatility (annualized) | 11.8%Best | 12.2% |
| Max Drawdown | -15.5%Best | -19.1% |
| $10,000 over 1.9 years | $13,788Best | $13,295 |
| Top 10 Weight | 33.5% | 19.0%Best |
| Fund Family | BNY Mellon Investment Management | Hartford Funds |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Nov 1, 2024 | Dec 5, 2023 |
Not shown on this pair: 3Y Return (annualized), 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 VMAX 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 VMAX Performance
BNY Mellon Dynamic Value ETF (BKDV) is an ETF from BNY Mellon Investment Management and Hartford US Value ETF (VMAX) is an ETF from Hartford Funds. Over the past year BKDV returned +23.83% while VMAX returned +21.02%. Year to date, BKDV is up 17.11% versus a gain of 16.66% for VMAX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VMAX has been the more volatile fund, with annualized monthly volatility of 12.2% 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 -19.1% for VMAX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. 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 VMAX charges 0.29%. On a $10,000 position that is $60 vs $29 annually, a gap of $31 per year that compounds over a long holding period. On income, BKDV currently yields 0.53% against 2.17% for VMAX.
Holdings Overlap
46.2% of BKDV's money is in holdings VMAX also owns. 26.9% of VMAX's money is in holdings BKDV also owns.
The two portfolios partly overlap.
27 positions in common, counted across the 79 positions we hold weights for in BKDV and 125 in VMAX, against full books of 84 and 127.
What only one of them owns
Our book lists 96 positions for VMAX that do not appear in our book for BKDV (72.0% of the fund), and 51 for BKDV that do not appear in VMAX (52.9%).
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 VMAX | Difference |
|---|---|---|---|
| AMZNAmazon.Com Inc | 6.02% | 0.59% | 5.43% |
| MSFTMicrosoft Corp | 4.98% | 0.31% | 4.67% |
| JPMJpmorgan Chase | 4.03% | 0.97% | 3.06% |
| AAPLApple, Inc | 3.28% | 1.32% | 1.96% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 2.58% | 1.86% | 0.72% |
| UNHUnitedhealth Group Incorporated | 2.65% | 1.13% | 1.52% |
| ELVElevance Health Inc | 1.81% | 1.94% | 0.13% |
| JNJJohnson & Johnson - Common | 2.74% | 0.89% | 1.85% |
| NEMNewmont Corp Common | 1.63% | 1.52% | 0.11% |
| TGTTARGET CORP | 1.12% | 1.93% | 0.81% |
46.2% of BKDV is already inside VMAX.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BKDV or VMAX?
BKDV has an expense ratio of 0.60% while VMAX charges 0.29%. VMAX is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, BKDV or VMAX?
Over the past year BKDV returned +23.83% vs +21.02% for VMAX, so BKDV leads on 1-year performance. Over the longest common window we track (2 years), BKDV annualized +18.42% vs +16.17% for VMAX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BKDV or VMAX?
VMAX has been the more volatile fund at 12.2% annualized versus 11.8% for BKDV. Worst drawdown: BKDV -15.5% vs VMAX -19.1%.
Should I hold both BKDV and VMAX?
BKDV and VMAX have a monthly-return correlation of 0.96, 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 VMAX?
46.2% of BKDV's money is in holdings VMAX also owns. 26.9% of VMAX's is in holdings BKDV also owns. They hold 27 positions in common, counted across the 79 positions we hold weights for in BKDV and 125 in VMAX.
Which pays a higher dividend, BKDV or VMAX?
BKDV yields 0.53% while VMAX yields 2.17%, so VMAX currently pays the higher dividend yield.
Is VMAX better than BKDV?
VMAX has a lower expense ratio. BKDV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.96. VMAX is less concentrated, with 19.0% 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.