- Issuer
- BNY Mellon
- Inception Date
- Apr 24, 2020
- Region
- North America (U.S.)
- Category
- High Yield Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg US Corporate High Yield Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $152M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
BKHY Performance Chart
BNY Mellon High Yield Beta ETF (BKHY) is up 2.0% since the beginning of the year. BKHY is currently trading at $48 per share. Investors who bought $1,000 worth of BKHY shares 5 years ago would now be looking at an investment worth $1,221.
Loading charts...
Returns By Period
BNY Mellon High Yield Beta ETF (BKHY) has returned 1.95% so far this year and 6.98% over the past 12 months.
BNY Mellon High Yield Beta ETF
- 1D
- -0.02%
- 1M
- 0.57%
- YTD
- 1.95%
- 6M
- 2.31%
- 1Y
- 6.98%
- 3Y*
- 9.06%
- 5Y*
- 4.07%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BKHY Monthly Returns History
Based on dividend-adjusted daily data since Apr 24, 2020, BKHY's average daily return is +0.03%, while the average monthly return is +0.55%. At this rate, an investment would double in approximately 10.5 years.
Historically, 69% of months were positive and 31% were negative. The best month was Jul 2022 with a return of +6.4%, while the worst month was Jun 2022 at -6.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, BKHY closed higher 54% of trading days. The best single day was May 2, 2023 with a return of +4.4%, while the worst single day was May 1, 2023 at -4.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.73% | 0.11% | -1.16% | 1.75% | 0.50% | 0.02% | 1.95% | ||||||
| 2025 | 1.32% | 0.86% | -1.13% | -0.49% | 2.12% | 1.65% | 0.47% | 1.23% | 0.96% | 0.12% | 0.70% | 0.39% | 8.48% |
| 2024 | 0.30% | 0.31% | 1.16% | -1.18% | 1.51% | 0.56% | 2.33% | 1.59% | 1.51% | -0.84% | 1.68% | -0.78% | 8.37% |
| 2023 | 4.00% | -1.96% | 1.98% | 0.35% | -1.11% | 2.10% | 1.10% | 0.24% | -1.60% | -1.00% | 4.66% | 3.27% | 12.40% |
| 2022 | -2.51% | -1.29% | -1.10% | -4.02% | 0.63% | -6.81% | 6.37% | -3.56% | -3.86% | 2.89% | 3.48% | -1.03% | -10.97% |
| 2021 | -0.18% | 0.11% | 0.82% | 0.87% | 0.19% | 1.47% | 0.31% | 0.51% | -0.11% | -0.25% | -1.14% | 2.10% | 4.75% |
Benchmark Metrics
BNY Mellon High Yield Beta ETF has an annualized alpha of 1.45%, beta of 0.30, and R2 of 0.48 versus S&P 500 Index. Calculated based on daily prices since April 24, 2020.
- This ETF participated in 40.64% of S&P 500 Index downside but only 32.30% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.30 may look defensive, but with R2 of 0.48 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.48 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.45%
- Beta
- 0.30
- R²
- 0.48
- Upside Capture
- 32.30%
- Downside Capture
- 40.64%
Expense Ratio
BKHY has an expense ratio of 0.22%, which is considered low.
Return for Risk
Risk / Return Rank
BKHY ranks 62 for risk / return — better than 62% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BNY Mellon High Yield Beta ETF (BKHY) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BKHY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 2.78 | -0.01 |
| Martin ratioReturn relative to average drawdown | 12.66 | 12.44 | +0.22 |
Dividends
Dividend History
BNY Mellon High Yield Beta ETF provided a 7.45% dividend yield over the last twelve months, with an annual payout of $3.54 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $3.54 | $3.53 | $3.50 | $4.11 | $3.04 | $3.73 | $2.61 |
Dividend yield | 7.45% | 7.33% | 7.34% | 8.67% | 6.59% | 6.78% | 4.65% |
Monthly Dividends
The table displays the monthly dividend distributions for BNY Mellon High Yield Beta 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.26 | $0.24 | $0.43 | $0.28 | $0.26 | $1.47 | ||||||
| 2025 | $0.00 | $0.29 | $0.27 | $0.26 | $0.40 | $0.23 | $0.25 | $0.34 | $0.27 | $0.30 | $0.28 | $0.64 | $3.53 |
| 2024 | $0.00 | $0.25 | $0.28 | $0.30 | $0.30 | $0.29 | $0.27 | $0.31 | $0.32 | $0.28 | $0.29 | $0.60 | $3.50 |
| 2023 | $0.00 | $0.24 | $0.26 | $0.31 | $0.31 | $0.88 | $0.28 | $0.29 | $0.29 | $0.43 | $0.35 | $0.47 | $4.11 |
| 2022 | $0.00 | $0.17 | $0.20 | $0.34 | $0.15 | $0.23 | $0.15 | $0.41 | $0.28 | $0.29 | $0.22 | $0.59 | $3.04 |
| 2021 | $0.00 | $0.22 | $0.20 | $0.23 | $0.24 | $0.21 | $0.26 | $0.23 | $0.24 | $0.23 | $0.22 | $1.47 | $3.73 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the BNY Mellon High Yield Beta 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 High Yield Beta ETF was 15.89%, occurring on Sep 27, 2022. Recovery took 314 trading sessions.
The current BNY Mellon High Yield Beta ETF drawdown is 0.25%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -15.89%Sep 2022 | 9mo 3d | 1y 3mo | 1y 12moDec 2021 - Dec 2023 |
2025 selloff2025 | -4.87%Apr 2025 | 1mo 6d | 1mo 4d | 2mo 10dMar 2025 - May 2025 |
2020 pullback2020 | -3.59%Jun 2020 | 20d | 21d | 1mo 11dJun 2020 - Jul 2020 |
2026 pullback2026 | -2.53%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 |
2020 pullback2020 | -2.50%Sep 2020 | 22d | 14d | 1mo 6dSep 2020 - Oct 2020 |
Drawdown Indicators
| BKHY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.89% | -56.78% | +40.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.53% | -9.10% | +6.57% |
Max Drawdown (3Y)Largest decline over 3 years | -4.87% | -18.90% | +14.03% |
Max Drawdown (5Y)Largest decline over 5 years | -15.89% | -25.43% | +9.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.25% | -1.80% | +1.55% |
Average DrawdownAverage peak-to-trough decline | -2.95% | -10.71% | +7.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 2.03% | -1.48% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with BKHY
Add BNY Mellon High Yield Beta ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with BKHY