The BNY Mellon International Equity ETF (BKIE) tracks an index that offers broad exposure to large cap equities in developed markets outside the U.S., including company stock and real estate investment trusts, or REITs. Stocks are screened out based on liquidity, and the index then targets the largest 70% of companies from each eligible country. BKIE is priced competitively with ultra-low-cost rivals like the iShares Core MSCI EAFE ETF (IEFA), the SPDR Portfolio Developed World ex-US ETF (SPDW), the Charles Schwab’s International Equity ETF (SCHF), and the Vanguard FTSE Developed Markets ETF (VEA). As a result of its methodology, BKIE owns a far smaller universe of securities than those funds, and tilts more heavily toward large cap stocks.
Another important consideration is that BKIE excludes South Korea but includes Canada. By contrast, IEFA excludes both Canada and South Korea, lumping South Korea into emerging markets. Meanwhile, VEA, SPDW, and SCHF include both Canada and South Korea. Unsuspecting investors who mix and match funds from different firms may find themselves either unintentionally overweight Canada and South Korea, or missing out on those countries entirely. This could make for a bit of a muddle for investors and advisers who swap between similar funds as part of tax-loss harvesting strategies.
BKIE is part of a lineup of ETFs introduced by BNY Mellon in April 2020. As a latecomer to a crowded market, BNY Mellon garnered attention by offering extremely low-fee products, including some of the first zero-fee ETFs, making its new funds some of the cheapest on the market.
| Segment | Equity: Developed Markets Ex-U.S. - Large Cap |
| Category | Size and Style |
| Focus | Large Cap |
| Niche | Broad-based |
| Strategy | Vanilla |
| Weighting Scheme | Market Cap |
This section compares how balanced and deep this ETF is relative to its peers.
| BKIE | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 583 | 694 | 435 |
| % of Assets in Top 10 | 14.20% | 25.36% | 26.76% |
| % of Assets in Top 15 | 18.53% | 31.44% | 30.76% |
| % of Assets in Top 50 | 37.76% | 56.34% | 51.77% |
| BKIE | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | 92.27% | 64.78% | 63.59% |
| Mid (>2.7B) | 7.02% | 25.23% | 12.16% |
| Small (>600M) | 0.00% | 3.57% | 0.38% |
| Micro (<600M) | 0.00% | 0.26% | 0.00% |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| BKIE | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.13 | $ 0.31 | $ 0.15 |
| Dividend Date | 2022-12-28 | N/A | N/A |
| Annual Dividend Rate | $ 1.85 | $ 1.28 | $ 0.83 |
| Annual Dividend Yield | 2.88% | 3.84% | 2.54% |
View charts featuring BKIE price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: 0 1 Month Net Flows: 6.55 M 3 Month Net Flows: 291.2 M 6 Month Net Flows: 296.94 M 1 Year Net Flows: 330.95 M 3 Year Net Flows: 417.51 M 5 Year Net Flows: 417.51 M 10 Year Net Flows: 417.51 MView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: 16.82 MThe adjacent table gives investors an individual Realtime Rating for BKIE on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Foreign Large Cap Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Qualified dividends |
| Distributes K1 | No |
This section shows how this ETF has performed relative to its peers.
| BKIE |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | -2.38% | -2.28% | -2.20% |
| 3 Month Return | 3.31% | 3.06% | 2.69% |
| YTD Return | 3.54% | 3.25% | 3.25% |
| 1 Year Return | -5.47% | -7.02% | -3.57% |
| 3 Year Return | N/A | 53.18% | 37.23% |
| 5 Year Return | N/A | 8.40% | 4.78% |
The following charts reflect the geographic spread of BKIE's underlying holdings.
| Region | Percentage |
|---|---|
| Europe | 58.3% |
| Asia Pacific | 30.96% |
| North, Central and South America | 10.0% |
| Other | 0.71% |
| Country | Percentage |
|---|---|
| Japan | 20.68% |
| United Kingdom | 12.19% |
| France | 10.86% |
| Canada | 9.83% |
| Switzerland | 9.72% |
| Germany | 7.09% |
| Australia | 6.44% |
| Netherlands | 4.3% |
| Sweden | 2.85% |
| Denmark | 2.78% |
| Spain | 2.35% |
| Hong Kong | 2.15% |
| Italy | 1.84% |
| Singapore | 1.21% |
| Finland | 1.12% |
| Belgium | 0.85% |
| Ireland | 0.83% |
| Other | 0.71% |
| Norway | 0.66% |
| Israel | 0.46% |
| Luxembourg | 0.21% |
| New Zealand | 0.16% |
| China | 0.15% |
| Portugal | 0.14% |
| Poland | 0.14% |
| Austria | 0.13% |
| Bermuda | 0.07% |
| Macao | 0.05% |
The following charts reflect the allocation of BKIE's underlying holdings.
| Sector | Percentage |
|---|---|
| Finance | 21.55% |
| Health Technology | 12.04% |
| Consumer Non-Durables | 11.47% |
| Producer Manufacturing | 6.79% |
| Electronic Technology | 6.66% |
| Energy Minerals | 5.24% |
| Consumer Durables | 5.15% |
| Technology Services | 4.69% |
| Non-Energy Minerals | 4.18% |
| Process Industries | 3.18% |
| Communications | 3.13% |
| Transportation | 3.11% |
| Utilities | 3.07% |
| Retail Trade | 2.71% |
| Distribution Services | 1.76% |
| Commercial Services | 1.61% |
| Industrial Services | 1.45% |
| Consumer Services | 1.25% |
| Other | 0.47% |
| CASH | 0.24% |
| Health Services | 0.22% |
| Market Cap | Percentage |
|---|---|
| Large | 92.27% |
| Mid | 7.02% |
| Small | 0.0% |
| Micro | 0.0% |
| Region | Percentage |
|---|
| Asset | Percentage |
|---|---|
| Share/Common/Ordinary | 97.44% |
| Preferred Equity | 1.76% |
| Other | 0.47% |
| CASH | 0.24% |
| Depositary Receipts/Certificates | 0.06% |
| Sector | Percentage |
|---|---|
| Finance | 21.55% |
| Health Technology | 12.04% |
| Consumer Non-Durables | 11.47% |
| Producer Manufacturing | 6.79% |
| Electronic Technology | 6.66% |
| Energy Minerals | 5.24% |
| Consumer Durables | 5.15% |
| Technology Services | 4.69% |
| Non-Energy Minerals | 4.18% |
| Process Industries | 3.18% |
| Communications | 3.13% |
| Transportation | 3.11% |
| Utilities | 3.07% |
| Retail Trade | 2.71% |
| Distribution Services | 1.76% |
| Commercial Services | 1.61% |
| Industrial Services | 1.45% |
| Consumer Services | 1.25% |
| Other | 0.47% |
| CASH | 0.24% |
| Health Services | 0.22% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 156.34% |
| 20 Day Volatility | 18.33% |
| 50 Day Volatility | 14.54% |
| 200 Day Volatility | 18.37% |
| Beta | 0.9 |
| Standard Deviation | 4.07% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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