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ETFs

BNY Mellon Ultra Short Income ETF

BKUI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 09 2021
Expense Ratio
0.12%
Type
Global Bonds
Fund Owner
BNY Mellon
Volume (1m avg. daily)
$149,889
AUM
$29,504,450
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
SWEDBANK FRN 12/23
3.08%
n/a
STARBIRD FUNDING 0 12/23
3.08%
n/a
CREDIT INDUSTR 03/06/2024
3.00%
n/a
SHEFFIELD RECE 10/10/2023
2.90%
n/a
MACQUARIE FRN 01/24
2.39%
n/a
LIBERTY STR FD 02/12/2024
2.34%
n/a
SOCIETE GENERA 03/13/2024
2.25%
n/a
WESTPAC BANKIN FRN 11/23
2.22%
n/a
SKANDINAV FRN 03/24
1.71%
n/a
HSBC FRN 6/24
1.57%
Invest with BKUI

What is BKUI?

To pursue its goal, the fund normally invests in investment grade, U.S. dollar denominated fixed, variable, and floating rate debt or cash equivalents, including the following: Corporate securities, Asset-backed securities, Repurchase agreements, High quality money market instruments, such as commercial paper, certificates of deposit, time deposits and bankers acceptances, U.S. Treasury securities, Securities issued or guaranteed by the U.S. government, its agencies or instrumentalities, or government-sponsored enterprises (U.S. government securities),Obligations issued or guaranteed by one or more foreign governments or any of their political subdivisions or agencies, Securities issued by foreign corporations or a U.S. affiliate of a foreign corporation, Securities subject to purchase and sale restrictions that are offered pursuant to Rule 144A under the Securities Act of 1933, as amended. The funds portfolio managers seek to achieve what they believe provides the optimal portfolio for the fund in terms of preservation of principal, liquidity and producing high current income. To do so, the portfolio managers use a top-down and bottom-up investment process and leverage the breadth and depth of Dreyfus Cash Investment Strategies research resources. The portfolio managers focus on preservation of principal and downside protection by proactively monitoring issuer and counterparty risk and ensure appropriate portfolio liquidity through a combination of overnight investments and short-term, highly liquid securities.

ETFs related toBKUI

ETFs correlated to BKUI include SCHO, IBTG, SPTS

BKUI
BNY Mellon ETF Trust - BNY Mellon Ultra Short Income ETF
SCHO
Schwab Strategic Trust - Schwab Short-Term U.S. Treasury ETF
IBTG
iShares Trust - iShares iBonds Dec 2026 Term Treasury ETF
SPTS
SSgA Active Trust - SPDR Portfolio Short Term Treasury ETF
TUA
Simplify Exchange Traded Funds - Simplify Short Term Treasury Futures Strategy ETF
VGSH
Vanguard Group, Inc. - Vanguard Short-Term Treasury ETF
SHY
BlackRock Institutional Trust Company N.A. - iShares 1-3 Year Treasury Bond ETF
BSV
Vanguard Group, Inc. - Vanguard Short-Term Bond ETF
UTWO
Rbb Fund Inc - US Treasury 2 Year Note ETF
IBTH
iShares Trust - iShares iBonds Dec 2027 Term Treasury ETF
IBTF
iShares Trust - iShares iBonds Dec 2025 Term Treasury 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
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Risk Rating

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Create your own algorithmic trading strategy with BKUI using Composer

FAQ

BKUI is a Global Bonds ETF. To pursue its goal, the fund normally invests in investment grade, U.S. dollar denominated fixed, variable, and floating rate debt or cash equivalents, including the following: Corporate securities, Asset-backed securities, Repurchase agreements, High quality money market instruments, such as commercial paper, certificates of deposit, time deposits and bankers acceptances, U.S. Treasury securities, Securities issued or guaranteed by the U.S. government, its agencies or instrumentalities, or government-sponsored enterprises (U.S. government securities),Obligations issued or guaranteed by one or more foreign governments or any of their political subdivisions or agencies, Securities issued by foreign corporations or a U.S. affiliate of a foreign corporation, Securities subject to purchase and sale restrictions that are offered pursuant to Rule 144A under the Securities Act of 1933, as amended. The funds portfolio managers seek to achieve what they believe provides the optimal portfolio for the fund in terms of preservation of principal, liquidity and producing high current income. To do so, the portfolio managers use a top-down and bottom-up investment process and leverage the breadth and depth of Dreyfus Cash Investment Strategies research resources. The portfolio managers focus on preservation of principal and downside protection by proactively monitoring issuer and counterparty risk and ensure appropriate portfolio liquidity through a combination of overnight investments and short-term, highly liquid securities.

Yes, BKUI 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, BKUI 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 BKUI is 0.0042%. This is the percent change in the value of BKUI over the most recent 1-month period. The 3-month return on BKUI is 0.0123%. This is the percent change in the value of BKUI over the most recent 3-month period.

The standard deviation of BKUI for the past year is 0.0132%. 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 BKUI include GVI, BLV, and BND.

ETFs correlated to BKUI include SCHO, IBTG, and SPTS.

ETFs that are inversely correlated to BKUI include PST, TBX, and DBMF.

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.