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ETFs

BNY Mellon High Yield Beta ETF

BKHY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 24 2020
Expense Ratio
0.22%
Type
US Bonds
Fund Owner
BNY Mellon
Volume (1m avg. daily)
$1,904,740
AUM
$121,267,828
Associated Index
Bloomberg US Corporate High Yield Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
DREYFUS INSTITUTIONAL PRE
1.29%
n/a
Net Current Assets
1.17%
n/a
Transdigm Inc 6.25 % Notes 2019-15.03.26 Secd -144A-
0.59%
SLH5479266
CLD SFTWR GRP IN 6.5 3/29
0.34%
CHTR4445834
CCO HOLDINGS L 5.125 5/27
0.30%
NLSN5500983
NEPTUNE BIDCO U 9.29 4/29
0.30%
TDG27
TransDigm Inc. - 5.50% NT REDEEM 15/11/2027 USD
0.28%
MZDM5272642
MEDLINE BORROW 3.875 4/29
0.26%
TDG5540536
TRANSDIGM INC 6.75 8/28
0.25%
BWY5534383
MAUSER PACKAGI 7.875 8/26
0.24%
Invest with BKHY

What is BKHY?

The fund seeks to match the performance of the Bloomberg US Corporate High Yield Total Return Index. The fund uses a rules-based, systematic investment strategy that seeks to track an index designed to measure the performance of the high yield bond market. To pursue its goal, the fund normally invests substantially all of its assets in bonds comprising the Bloomberg US Corporate High Yield Total Return Index and derivatives with economic characteristics similar to such bonds or the index. The fund s derivatives investments may include credit default swap indexes, total return swaps, structured notes and futures. The Bloomberg US Corporate High Yield Total Return Index is designed to measure the U.S. dollar-denominated, high yield (junk), fixed-rate, taxable corporate bond market. Bonds included in the index must have $150 million or more par amount outstanding and at least one year until final maturity. Bonds are classified as high yield if the middle rating of Moody s, Fitch and S&P is Ba1/BB+/BB+ or below. When a rating from only two agencies is available, the lower is used; when only one agency rates a bond, that rating is used. In cases where explicit bond level ratings may not be available, the index provider may use other sources to classify securities by credit quality. The index may include U.S. dollar-denominated bonds issued by foreign issuers

ETFs related toBKHY

ETFs correlated to BKHY include IBDY, CVRD, HYDB

BKHY
BNY Mellon ETF Trust - BNY Mellon High Yield Beta ETF
IBDY
iShares Trust - iShares iBonds Dec 2033 Term Corporate ETF
CVRD
Madison ETFs Trust - Madison Covered Call ETF
HYDB
BlackRock Institutional Trust Company N.A. - iShares High Yield Bond Factor ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond Index ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
FALN
iShares Trust - iShares Fallen Angels USD Bond 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.

Automated Strategies
Related toBKHY

#RB

Rotating Bonds

Category

Getting Defensive, Diversification

Risk Rating

Moderate

#SD

Smarter Dividends

Category

Composer's Picks, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with BKHY using Composer

FAQ

BKHY is a US Bonds ETF. The fund seeks to match the performance of the Bloomberg US Corporate High Yield Total Return Index. The fund uses a rules-based, systematic investment strategy that seeks to track an index designed to measure the performance of the high yield bond market. To pursue its goal, the fund normally invests substantially all of its assets in bonds comprising the Bloomberg US Corporate High Yield Total Return Index and derivatives with economic characteristics similar to such bonds or the index. The fund s derivatives investments may include credit default swap indexes, total return swaps, structured notes and futures. The Bloomberg US Corporate High Yield Total Return Index is designed to measure the U.S. dollar-denominated, high yield (junk), fixed-rate, taxable corporate bond market. Bonds included in the index must have $150 million or more par amount outstanding and at least one year until final maturity. Bonds are classified as high yield if the middle rating of Moody s, Fitch and S&P is Ba1/BB+/BB+ or below. When a rating from only two agencies is available, the lower is used; when only one agency rates a bond, that rating is used. In cases where explicit bond level ratings may not be available, the index provider may use other sources to classify securities by credit quality. The index may include U.S. dollar-denominated bonds issued by foreign issuers

BKHY tracks the Bloomberg US Corporate High Yield Index.

No, BKHY is not actively managed. It is passively 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.

Yes, BKHY is passively 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 BKHY is -0.0008%. This is the percent change in the value of BKHY over the most recent 1-month period. The 3-month return on BKHY is 0.0116%. This is the percent change in the value of BKHY over the most recent 3-month period.

The standard deviation of BKHY for the past year is 0.1153%. 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 BKHY include IGSB, VCIT, and LQD.

ETFs correlated to BKHY include IBDY, CVRD, and HYDB.

ETFs that are inversely correlated to BKHY include SJB, HIBS, and SPXU.

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.