BKMC vs NKX

Comparison between BNY MELLON US MID CAP CORE EQUITY ETF (BKMC, ETF) and Nuveen California AMT-Free Quality Municipal Income Fund (NKX, ETF).

5-Year PerformanceBKMC has outperformed NKX, delivering a return of +8.0% compared to +0.5%

BKMC vs NKX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BKMC(ETF)	NKX(ETF)
Net Assets	$652M	$655M
Expense Ratio	0.04%	N/A
Max Drawdown	26.22%	48.99%
Sharpe Ratio	1.13	1.27
5Y Beta	0.98	0.12
P/E Ratio	33.08	N/A
Forward P/E	16.98	N/A
5Y Dividends CAGR	17.61%	6.78%
5Y EPS CAGR	10.42%	N/A
P/S Ratio	1.73	N/A
P/B Ratio	2.75	N/A

Net Assets

BKMC

$652M

Winner

NKX

$655M

Expense Ratio

BKMC

0.04%

NKX

N/A

Max Drawdown

Winner

BKMC

26.22%

NKX

48.99%

Sharpe Ratio

BKMC

1.13

Winner

NKX

1.27

5Y Beta

BKMC

0.98

Winner

NKX

0.12

P/E Ratio

BKMC

33.08

NKX

N/A

Forward P/E

BKMC

16.98

NKX

N/A

5Y Dividends CAGR

Winner

BKMC

17.61%

NKX

6.78%

5Y EPS CAGR

BKMC

10.42%

NKX

N/A

P/S Ratio

BKMC

1.73

NKX

N/A

P/B Ratio

BKMC

2.75

NKX

N/A

BKMC vs NKX - Historical Returns

Returns include dividend reinvestment.

Period	BKMC	NKX
1 month	+3.62%	+0.99%
3 months	+8.10%	-0.82%
6 months	+10.99%	+2.75%
1 year	+23.16%	+15.76%
5 years(CAGR)	+8.01%	+0.45%
10 years(CAGR)	N/A	+2.20%
Max(CAGR)	+15.55%	+4.90%

Winner

BKMC

+3.62%

NKX

+0.99%

Winner

BKMC

+8.10%

NKX

-0.82%

Winner

BKMC

+10.99%

NKX

+2.75%

Winner

BKMC

+23.16%

NKX

+15.76%

5Y(CAGR)

Winner

BKMC

+8.01%

NKX

+0.45%

10Y(CAGR)

BKMC

N/A

NKX

+2.20%

Max(CAGR)

Winner

BKMC

+15.55%

NKX

+4.90%

BKMC vs NKX - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	BKMC	NKX
2026	+9.45%	+2.89%
2025	+8.88%	+4.64%
2024	+14.54%	+16.57%
2023	+17.86%	-3.34%
2022	-15.69%	-18.48%
2021	+25.81%	+4.57%
2020	+45.92%	+7.61%
2019	N/A	+23.74%
2018	N/A	-13.29%
2017	N/A	+12.78%
2016	N/A	-1.75%
2015	N/A	+11.55%
2014	N/A	+28.02%
2013	N/A	-13.32%
2012	N/A	+6.03%
2011	N/A	+28.66%
2010	N/A	+2.31%
2009	N/A	+26.36%
2008	N/A	-24.06%
2007	N/A	+0.18%
2006	N/A	+14.75%
2005	N/A	+0.57%
2004	N/A	+9.14%
2003	N/A	+0.81%

BKMC vs NKX Drawdown Comparison

The maximum drawdown for BKMC was -25.04%, occurring on Oct 14, 2022. Recovery took 571 trading sessions.

The maximum drawdown for NKX was -43.86%, occurring on Oct 10, 2008. Recovery took 422 trading sessions.

The current BKMC drawdown is -1.68%. The current NKX drawdown is -2.99%.

Rank	BKMC	NKX
#1	-25.04% Nov 16, 2021 - Feb 27, 2024	-43.86% Jan 14, 2008 - Sep 16, 2009
#2	-23.68% Nov 25, 2024 - Sep 8, 2025	-35.62% Nov 12, 2021 - Feb 11, 2026
#3	-9.82% Feb 26, 2026 - Apr 17, 2026	-27.52% Feb 7, 2020 - Aug 10, 2020
#4	-9.55% Jun 8, 2020 - Aug 3, 2020	-23.95% Nov 30, 2012 - Dec 10, 2014
#5	-7.77% Mar 28, 2024 - Jul 16, 2024	-19.95% Sep 8, 2016 - Jul 19, 2019
#6	-7.68% Jul 16, 2024 - Aug 23, 2024	-19.40% Aug 16, 2010 - Oct 27, 2011
#7	-7.45% Sep 2, 2020 - Oct 8, 2020	-15.06% Jun 13, 2003 - Sep 20, 2004
#8	-6.43% Oct 27, 2025 - Dec 4, 2025	-12.43% Apr 23, 2007 - Jan 14, 2008
#9	-6.36% Apr 29, 2020 - May 20, 2020	-9.74% Feb 11, 2026 - Mar 30, 2026
#10	-6.19% Oct 12, 2020 - Nov 5, 2020	-9.66% Oct 8, 2009 - Jun 18, 2010
#11	-5.02% Feb 24, 2021 - Mar 11, 2021	-9.63% Jun 2, 2006 - Oct 4, 2006
#12	-4.68% Apr 17, 2020 - Apr 28, 2020	-8.70% May 31, 2005 - Jan 23, 2006
#13	-4.59% Jan 20, 2021 - Feb 5, 2021	-7.75% Feb 15, 2012 - May 1, 2012
#14	-4.55% Sep 2, 2021 - Oct 19, 2021	-7.27% Jan 30, 2015 - Oct 8, 2015
#15	-4.49% Aug 30, 2024 - Sep 17, 2024	-6.76% Mar 14, 2005 - May 31, 2005

Correlation

Correlation between BKMC and NKX is 0.48 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.48

-101

Dividend Comparison (2003 - 2026)

BKMC vs NKX dividend yield comparison.

Year	BKMC	NKX
2026	0.44%	3.65%
2025	1.35%	7.33%
2024	1.54%	6.14%
2023	1.38%	4.38%
2022	1.63%	5.17%
2021	1.15%	4.21%
2020	0.86%	4.05%
2019	0.00%	4.06%
2018	0.00%	5.25%
2017	0.00%	5.06%
2016	0.00%	6.18%
2015	0.00%	5.66%
2014	0.00%	5.24%
2013	0.00%	7.03%
2012	0.00%	5.64%
2011	0.00%	5.62%
2010	0.00%	6.56%
2009	0.00%	5.91%
2008	0.00%	7.35%
2007	0.00%	4.93%
2006	0.00%	4.85%
2005	0.00%	5.87%
2004	0.00%	6.27%
2003	0.00%	5.83%