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Build Bond Innovation ETF

BFIX
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Feb 09 2022
Expense Ratio
0.50%
Type
Global Diversified
Fund Owner
Build Asset Management
Volume (1m avg. daily)
$715,884
AUM
$17,161,500
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus

Top 10 Holdings

n/a
UNITED STATES TREAS NTS 0.25% 05/15/2024
8.80%
n/a
UNITED STATES TREAS NTS 0.25% 05/31/2025
6.91%
n/a
UNITED STATES TREAS NTS 0.125% 08/15/2023
5.69%
n/a
UNITED STATES TREAS NTS 0.75% 12/31/2023
5.62%
n/a
UNITED STATES TREAS NTS 0.875% 01/31/2024
5.60%
n/a
UNITED STATES TREAS NTS 0.25% 03/15/2024
5.54%
n/a
UNITED STATES TREAS NTS 0.375% 04/15/2024
5.53%
n/a
UNITED STATES TREAS NTS 1.5% 02/29/2024
5.34%
n/a
UNITED STATES TREAS NTS 1.75% 07/31/2024
5.30%
n/a
UNITED STATES TREAS NTS 1.5% 10/31/2024
5.25%
Invest with BFIX

What is BFIX?

The BUILD Bond Innovation ETF is a bond allocation fund designed for a modern global environment defined by low interest rates and constrained economic growth. The fund seeks to outperform traditional bond strategies under the continuation of low yields and/or rising prices in equity markets. The ETF takes the following approach a) The ETF typically has 90% to 95% of its holdings in investment grade fixed income, with the intent of providing downside risk management over the long-term. It seeks to maintain a moderate duration profile and requires investment grade credit quality in its bond holdings and The ETF invests the remainder of its assets in an actively-managed call option overlay tied to the upside performance of the S&P 500.

ETFs related toBFIX

ETFs correlated to BFIX include BBLU, CGMS, AVGE

BFIX
Build Funds Trust - Build Bond Innovation ETF
BBLU
EA Series Trust - EA Bridgeway Blue Chip ETF
CGMS
Capital Group Fixed Income ETF Trust - Capital Group U.S. Multi-Sector Income
AVGE
American Century ETF Trust - Avantis All Equity Markets ETF
JGRO
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Growth ETF
DFSU
Dimensional ETF Trust - Dimensional US Sustainability Core 1 ETF
BSCQ
Invesco Capital Management LLC - Invesco BulletShares 2026 Corporate Bond ETF
HFND
Tidal ETF Trust - Unlimited HFND Multi Strategy Return Tracker ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

BFIX is a Global Diversified ETF. The BUILD Bond Innovation ETF is a bond allocation fund designed for a modern global environment defined by low interest rates and constrained economic growth. The fund seeks to outperform traditional bond strategies under the continuation of low yields and/or rising prices in equity markets. The ETF takes the following approach a) The ETF typically has 90% to 95% of its holdings in investment grade fixed income, with the intent of providing downside risk management over the long-term. It seeks to maintain a moderate duration profile and requires investment grade credit quality in its bond holdings and The ETF invests the remainder of its assets in an actively-managed call option overlay tied to the upside performance of the S&P 500.

The top holdings for BFIX include UNITED STATES TREAS NTS 0.25% 05/15/2024, UNITED STATES TREAS NTS 0.25% 05/31/2025, and UNITED STATES TREAS NTS 0.125% 08/15/2023.

BFIX has 112 total holdings.

Yes, BFIX is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, BFIX is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BFIX is 0.0035%. This is the percent change in the value of BFIX over the most recent 1-month period. The 3-month return on BFIX is 0.0158%. This is the percent change in the value of BFIX over the most recent 3-month period.

ETFs similar to BFIX include AOA, PGX, and PFF.

ETFs correlated to BFIX include BBLU, CGMS, and AVGE.

ETFs that are inversely correlated to BFIX include MSFD, AAPD, and NVDS.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.