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ETFs

BNY Mellon Global Infrastructure Income ETF

BKGI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 02 2022
Expense Ratio
0.65%
Type
Global Equities
Fund Owner
BNY Mellon
Volume (1m avg. daily)
$5,549
AUM
$15,044,542
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

ORA
Orange.
7.26%
D
Dominion Energy Inc
6.80%
OKE
Oneok Inc.
6.65%
EN
Bouygues
6.44%
CWEN
Clearway Energy Inc - Ordinary Shares - Class C
5.92%
EXC
Exelon Corp.
5.05%
DG
Vinci
4.84%
AM
Antero Midstream Corp
4.71%
DRX
Drax Group
4.14%
ENEL
Enel Spa
4.09%
Invest with BKGI

What is BKGI?

The fund provides a differentiated infrastructure approach focusing on both traditional (energy, industrials and utilities) and non traditional infrastructure assets (communication services, health care and real estate), which can provide a broader opportunity set in the infrastructure space. Generally, infrastructure assets (such as utilities, oil and gas pipelines, communication services and providers of these services) often contain inflation links tied to the Consumer Price Index, which may help investors mitigate the erosive pressure of rising costs.

ETFs related toBKGI

ETFs correlated to BKGI include NFRA, PID, IGF

BKGI
BNY Mellon ETF Trust - BNY Mellon Global Infrastructure Income ETF
NFRA
FlexShares Trust - FlexShares STOXX Global Broad Infrastructure Index Fund
PID
Invesco Capital Management LLC - Invesco International Dividend Achievers ETF
IGF
BlackRock Institutional Trust Company N.A. - iShares Global Infrastructure ETF
GII
SSgA Active Trust - SPDR S&P Global Infrastructure ETF
RODM
Lattice Strategies Trust - Hartford Multifactor Developed Markets (ex-US) ETF
IWD
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Value ETF
EWC
BlackRock Institutional Trust Company N.A. - iShares MSCI Canada ETF
FDVV
Fidelity Covington Trust - Fidelity High Dividend ETF
SPEU
SSgA Active Trust - SPDR Portfolio Europe ETF
IEUR
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Europe 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

BKGI is a Global Equities ETF. The fund provides a differentiated infrastructure approach focusing on both traditional (energy, industrials and utilities) and non traditional infrastructure assets (communication services, health care and real estate), which can provide a broader opportunity set in the infrastructure space. Generally, infrastructure assets (such as utilities, oil and gas pipelines, communication services and providers of these services) often contain inflation links tied to the Consumer Price Index, which may help investors mitigate the erosive pressure of rising costs.

Yes, BKGI 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, BKGI 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 BKGI is 0.0041%. This is the percent change in the value of BKGI over the most recent 1-month period. The 3-month return on BKGI is -0.0081%. This is the percent change in the value of BKGI over the most recent 3-month period.

ETFs similar to BKGI include PBW, ARKK, and EFG.

ETFs correlated to BKGI include NFRA, PID, and IGF.

ETFs that are inversely correlated to BKGI include EPV, EFZ, and SPXS.

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.