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ETFs

BNY Mellon Short Duration Corporate Bond ETF

BKSB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 24 2020
Expense Ratio
0.06%
Type
US Bonds
Fund Owner
BNY Mellon
Volume (1m avg. daily)
$387,011
AUM
$42,158,593
Associated Index
Bloomberg US Corporate 1-5 Years Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with BKSB

What is BKSB?

The fund seeks to match the performance of the Bloomberg US Corporate 1-5 Year Total Return Index. The Bloomberg US Corporate 1-5 Years Total Return Index is designed to measure the market for investment grade, U.S. dollar-denominated, fixed-rate, taxable corporate bonds with one to five years left to maturity. To be included in the index, securities must have $300 million or more par amount outstanding and be rated investment grade (Baa3/BBB-/BBB- or higher) using the middle rating of Moody s, S&P and Fitch.

ETFs related toBKSB

ETFs correlated to BKSB include VCSH, SUSB, IGSB

BKSB
BNY Mellon ETF Trust - BNY Mellon Short Duration Corporate Bond ETF
VCSH
Vanguard Group, Inc. - Vanguard Short-Term Corporate Bond ETF
SUSB
iShares Trust - iShares Trust iShares ESG Aware 1-5 Year USD Corporate Bond ETF
IGSB
BlackRock Institutional Trust Company N.A. - iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF
BSCR
Invesco Capital Management LLC - Invesco BulletShares 2027 Corporate Bond ETF
BSCQ
Invesco Capital Management LLC - Invesco BulletShares 2026 Corporate Bond ETF
SCHJ
Schwab Strategic Trust - Schwab 1-5 Year Corporate Bond ETF
BSCS
Invesco Exchange-Traded Self-Indexed Fund Trust - Invesco BulletShares 2028 Corporate Bond ETF
SLQD
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year Investment Grade Corporate Bond ETF
SKOR
FlexShares Trust - FlexShares Credit-Scored US Corporate Bond Index Fund
IBDT
iShares Trust - iShares iBonds Dec 2028 Term Corporate 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 toBKSB

#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 BKSB using Composer

FAQ

BKSB is a US Bonds ETF. The fund seeks to match the performance of the Bloomberg US Corporate 1-5 Year Total Return Index. The Bloomberg US Corporate 1-5 Years Total Return Index is designed to measure the market for investment grade, U.S. dollar-denominated, fixed-rate, taxable corporate bonds with one to five years left to maturity. To be included in the index, securities must have $300 million or more par amount outstanding and be rated investment grade (Baa3/BBB-/BBB- or higher) using the middle rating of Moody s, S&P and Fitch.

BKSB tracks the Bloomberg US Corporate 1-5 Years Index.

No, BKSB 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, BKSB 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 BKSB is -0.0048%. This is the percent change in the value of BKSB over the most recent 1-month period. The 3-month return on BKSB is 0.0016%. This is the percent change in the value of BKSB over the most recent 3-month period.

The standard deviation of BKSB for the past year is 0.0365%. 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 BKSB include JNK, LQD, and HYG.

ETFs correlated to BKSB include VCSH, SUSB, and IGSB.

ETFs that are inversely correlated to BKSB include TBX, PST, and TTT.

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.