BNY Mellon High Yield Beta ETF (BKHY)

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The chart shows the growth of an initial investment of $10,000 in BNY Mellon High Yield Beta ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

BNY Mellon High Yield Beta ETF (BKHY) has returned -0.33% so far this year and 7.01% over the past 12 months.

Based on dividend-adjusted daily data since Apr 24, 2020, BKHY's average daily return is +0.03%, while the average monthly return is +0.54%. At this rate, your investment would double in approximately 10.7 years.

Historically, 68% of months were positive and 32% 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%.

BNY Mellon High Yield Beta ETF has an annualized alpha of 1.86%, beta of 0.30, and R² of 0.48 versus S&P 500 Index. Calculated based on daily prices since April 27, 2020.

• This ETF participated in 41.36% of S&P 500 Index downside but only 34.62% 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.

BKHY has an expense ratio of 0.22%, which is considered low.

BKHY ranks 70 for risk / return — better than 70% 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.

The table below present risk-adjusted performance metrics for BNY Mellon High Yield Beta ETF (BKHY) and compare them to a chosen benchmark (S&P 500 Index).

BNY Mellon High Yield Beta ETF provided a 7.33% dividend yield over the last twelve months, with an annual payout of $3.47 per share.

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.

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.

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 1.44%.

The chart below shows the rolling one-month volatility.