BlackRock Flexible Income ETF (BINC)
The ETF aims to generate returns by investing in a diverse range of fixed-income securities such as high-yield, government-guaranteed, mortgage-backed, municipal securities, and more. It may also include investments in affiliated companies and focus on securities rated below investment grade. The fund maintains an average portfolio duration of 1-5 years.
ETF Info
| CUSIP | 092528603 |
|---|---|
| Issuer | Blackrock |
| Inception Date | Sep 19, 2023 |
| Category | Total Bond Market |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Distribution Policy | Distributing |
| Home Page | www.blackrock.com |
| Asset Class | Bond |
Expense Ratio
BINC features an expense ratio of 0.40%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BlackRock Flexible Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
BlackRock Flexible Income ETF had a return of 5.36% year-to-date (YTD) and 10.62% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.36% | 25.82% |
| 1 month | -0.04% | 3.20% |
| 6 months | 4.33% | 14.94% |
| 1 year | 10.62% | 35.92% |
| 5 years (annualized) | N/A | 14.22% |
| 10 years (annualized) | N/A | 11.43% |
Monthly Returns
The table below presents the monthly returns of BINC, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.44% | -0.40% | 0.92% | -0.85% | 1.22% | 0.49% | 1.77% | 1.11% | 1.12% | -0.88% | 5.36% | ||
| 2023 | 0.00% | 0.71% | 1.06% | 0.13% | -0.61% | -0.10% | 2.70% | 3.04% | 7.08% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of BINC is 95, placing it in the top 5% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BlackRock Flexible Income ETF (BINC) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BlackRock Flexible Income ETF provided a 5.53% dividend yield over the last twelve months, with an annual payout of $2.91 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $2.91 | $1.64 |
Dividend yield | 5.53% | 3.13% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Flexible Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.07 | $0.24 | $0.20 | $0.24 | $0.25 | $0.25 | $0.26 | $0.25 | $0.36 | $0.24 | $2.37 | |
| 2023 | $0.25 | $0.20 | $0.17 | $0.24 | $0.23 | $0.54 | $1.64 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock Flexible Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the BlackRock Flexible Income ETF was 1.95%, occurring on Oct 19, 2023. Recovery took 11 trading sessions.
The current BlackRock Flexible Income ETF drawdown is 0.60%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -1.95% | Sep 15, 2023 | 25 | Oct 19, 2023 | 11 | Nov 3, 2023 | 36 |
| -1.27% | Feb 2, 2024 | 8 | Feb 13, 2024 | 17 | Mar 8, 2024 | 25 |
| -1.25% | Apr 1, 2024 | 12 | Apr 16, 2024 | 14 | May 6, 2024 | 26 |
| -1.02% | Oct 2, 2024 | 23 | Nov 1, 2024 | — | — | — |
| -0.95% | Aug 1, 2023 | 15 | Aug 21, 2023 | 7 | Aug 30, 2023 | 22 |
Volatility
Volatility Chart
The current BlackRock Flexible Income ETF volatility is 0.66%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.