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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)
$1,429,570
AUM
$59,595,562
Associated Index
Bloomberg US Corporate High Yield Index
Inverse/Leveraged
No
Passive/Active
Passive
Dividend
No
Prospectus

Top 10 Holdings

n/a
Net Current Assets
1.52%
n/a
DREYFUS INSTITUTIONAL PRE
0.90%
5733
Sands China 5.4 % Notes 2019-08.08.28 Global
0.43%
5727
Sands China 5.125 % Notes 2019-08.08.25 Global
0.41%
n/a
Transdigm Inc 6.25 % Notes 2019-15.03.26 Secd -144A-
0.37%
SLH5479266
CLOUD SOFTWARE 6.5 3/29
0.33%
T5226549
DIRECTV FIN/DT 5.875 8/27
0.32%
LVS24
Las Vegas Sands Corp - 3.20% NT REDEEM 08/08/2024 USD 2000
0.31%
S/28
Sprint Cap 6.875 % Notes 1998-15.11.28 Gtd Global
0.26%
MZDM5272642
MEDLINE BORROW 3.875 4/29
0.26%
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 JNK, HYG, AHYB

BKHY
BNY Mellon ETF Trust - BNY Mellon High Yield Beta ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
AHYB
American Century ETF Trust - American Century Select High Yield ETF
FSYD
Fidelity Covington Trust - Fidelity Sustainable High Yield ETF
HYUP
DBX ETF Trust - Xtrackers High Beta High Yield Bond ETF
HYRM
DBX ETF Trust - Xtrackers Risk Managed USD High Yield Strategy ETF
JPHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan High Yield Research Enhanced ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
WFHY
WisdomTree Trust - WisdomTree U.S. High Yield Corporate Bond Fund
HYBB
iShares Trust - iShares BB Rated Corporate 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

#INC

Dynamic Income

Category

Composer's Picks

Risk Rating

Moderate

Can contain

BKHYHYG
#DYNAM

Dynamic Stocks and Bonds

Category

Getting Defensive

Risk Rating

Moderate

Can contain

BKHYVCIT

Create your own algorithmic trading strategy with BKHY using Composer

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.