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ETFs

Build Bond Innovation ETF

BFIX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 9, 2022
Expense Ratio
0.48%
Type
Global Diversified
Fund Owner
Build Asset Management
Volume (1m avg. daily)
$11,864
AUM
$17,463,850
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
UNITED STATES TREAS NTS 0.25% 05/15/2024
8.31%
n/a
UNITED STATES TREAS NTS 0.375% 08/15/2024
7.67%
n/a
UNITED STATES TREAS NTS 1.375% 11/15/2031
6.68%
n/a
UNITED STATES TREAS NTS 0.25% 05/31/2025
6.46%
n/a
UNITED STATES TREAS NTS 0.25% 03/15/2024
5.87%
n/a
UNITED STATES TREAS NTS 0.375% 04/15/2024
5.57%
n/a
UNITED STATES TREAS NTS 1.75% 07/31/2024
5.27%
n/a
UNITED STATES TREAS NTS 0.25% 06/15/2024
5.24%
n/a
UNITED STATES TREAS NTS 0.875% 01/31/2024
5.16%
n/a
UNITED STATES TREAS NTS 1.25% 08/31/2024
4.41%
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 AUGW, GJUL, PYLD

BFIX
Build Funds Trust - Build Bond Innovation ETF
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
PYLD
Pimco Exchange Traded Fund - PIMCO Multisector Bond Active Exchange-Traded Fund
TJUL
Innovator ETFs Trust - Innovator Equity Defined Protection ETF - 2 Yr to July 2025
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
TCAF
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Capital Appreciation Equity ETF
GJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - June
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
IBDY
iShares Trust - iShares iBonds Dec 2033 Term Corporate ETF
BINC
BlackRock ETF Trust II - BlackRock Flexible Income 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.

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 -0.0047%. This is the percent change in the value of BFIX over the most recent 1-month period. The 3-month return on BFIX is -0.0056%. This is the percent change in the value of BFIX over the most recent 3-month period.

The standard deviation of BFIX for the past year is 0.0458%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BFIX include AOR, DRSK, and FPEI.

ETFs correlated to BFIX include AUGW, GJUL, and PYLD.

ETFs that are inversely correlated to BFIX include DUST, GDXD, and GLL.

Disclaimers

*

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.