BNY Mellon Global Infrastructure Income ETF
Top 10 Holdings
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
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.
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.