BNY Mellon Core Bond ETF (BKAG)
BKAG is a passive ETF by The Bank of New York Mellon Corp. tracking the investment results of the Bloomberg Barclays US Aggregate Bond Index. BKAG launched on Apr 24, 2020 and has a 0.00% expense ratio.
ETF Info
| Issuer | The Bank of New York Mellon Corp. |
|---|---|
| Inception Date | Apr 24, 2020 |
| Region | North America (U.S.) |
| Category | Total Bond Market |
| Leveraged | 1x |
| Index Tracked | Bloomberg Barclays US Aggregate Bond Index |
| Asset Class | Bond |
Expense Ratio
BKAG has an expense ratio of 0.00%, indicating no management fees are charged.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BNY Mellon Core Bond 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
BNY Mellon Core Bond ETF had a return of 1.51% year-to-date (YTD) and 7.91% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.51% | 25.45% |
| 1 month | -1.47% | 2.91% |
| 6 months | 3.12% | 14.05% |
| 1 year | 7.91% | 35.64% |
| 5 years (annualized) | N/A | 14.13% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of BKAG, 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 | -0.24% | -1.47% | 0.93% | -2.49% | 1.67% | 0.88% | 2.24% | 1.77% | 1.18% | -2.47% | 1.51% | ||
| 2023 | 3.27% | -2.63% | 2.72% | 0.49% | -1.15% | -0.24% | -0.16% | -0.58% | -2.50% | -1.63% | 4.54% | 3.75% | 5.68% |
| 2022 | -2.10% | -1.03% | -2.97% | -3.76% | 0.45% | -1.39% | 2.31% | -3.09% | -3.96% | -1.41% | 3.85% | -0.73% | -13.29% |
| 2021 | -0.72% | -1.52% | -1.01% | 0.79% | 0.14% | 0.87% | 1.05% | -0.16% | -0.93% | 0.08% | 0.21% | -0.23% | -1.46% |
| 2020 | 0.09% | 0.35% | 0.62% | 1.41% | -0.92% | 0.13% | -0.60% | 1.17% | -0.09% | 2.15% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BKAG is 31, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for BNY Mellon Core Bond ETF (BKAG) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BNY Mellon Core Bond ETF provided a 4.03% dividend yield over the last twelve months, with an annual payout of $1.68 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dividend | $1.68 | $1.42 | $1.04 | $0.76 | $0.59 |
Dividend yield | 4.03% | 3.33% | 2.49% | 1.55% | 1.16% |
Monthly Dividends
The table displays the monthly dividend distributions for BNY Mellon Core Bond 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 | $0.15 | $0.14 | $0.15 | $0.15 | $0.15 | $0.14 | $0.16 | $0.15 | $0.14 | $0.15 | $1.46 | |
| 2023 | $0.00 | $0.12 | $0.11 | $0.12 | $0.11 | $0.13 | $0.12 | $0.12 | $0.13 | $0.12 | $0.14 | $0.22 | $1.42 |
| 2022 | $0.00 | $0.07 | $0.06 | $0.07 | $0.07 | $0.09 | $0.09 | $0.08 | $0.09 | $0.10 | $0.10 | $0.21 | $1.04 |
| 2021 | $0.00 | $0.07 | $0.07 | $0.08 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.14 | $0.76 |
| 2020 | $0.09 | $0.08 | $0.07 | $0.08 | $0.06 | $0.07 | $0.14 | $0.59 |
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 BNY Mellon Core Bond 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 BNY Mellon Core Bond ETF was 18.52%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current BNY Mellon Core Bond ETF drawdown is 8.86%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.52% | Aug 5, 2020 | 558 | Oct 20, 2022 | — | — | — |
| -0.67% | May 1, 2020 | 7 | May 11, 2020 | 7 | May 20, 2020 | 14 |
| -0.41% | Jun 3, 2020 | 3 | Jun 5, 2020 | 3 | Jun 10, 2020 | 6 |
| -0.2% | Jun 22, 2020 | 3 | Jun 24, 2020 | 2 | Jun 26, 2020 | 5 |
| -0.17% | Jul 24, 2020 | 2 | Jul 27, 2020 | 3 | Jul 30, 2020 | 5 |
Volatility
Volatility Chart
The current BNY Mellon Core Bond ETF volatility is 1.70%, 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.