BNY Mellon High Yield Beta ETF (BKHY)
BKHY is a passive ETF by The Bank of New York Mellon Corp. tracking the investment results of the Bloomberg US Corporate High Yield Index. BKHY launched on Apr 24, 2020 and has a 0.22% expense ratio.
ETF Info
| Issuer | The Bank of New York Mellon Corp. |
|---|---|
| Inception Date | Apr 24, 2020 |
| Region | North America (U.S.) |
| Category | High Yield Bonds |
| Leveraged | 1x |
| Index Tracked | Bloomberg US Corporate High Yield Index |
| Asset Class | Bond |
Expense Ratio
BKHY has an expense ratio of 0.22%, which is considered low compared to other funds.
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 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.
Returns By Period
BNY Mellon High Yield Beta ETF had a return of 8.28% year-to-date (YTD) and 14.17% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.28% | 25.45% |
| 1 month | 0.31% | 2.91% |
| 6 months | 6.30% | 14.05% |
| 1 year | 14.17% | 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 BKHY, 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 | 0.30% | 0.31% | 1.15% | -1.17% | 1.51% | 0.56% | 2.33% | 1.59% | 1.52% | -0.84% | 8.28% | ||
| 2023 | 4.00% | -1.96% | 1.98% | 0.35% | -1.11% | 2.10% | 1.10% | 0.24% | -1.60% | -1.00% | 4.66% | 3.26% | 12.40% |
| 2022 | -2.51% | -1.28% | -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% |
| 2020 | 1.40% | 3.53% | 0.42% | 5.26% | 0.24% | -0.86% | 0.57% | 3.92% | 2.24% | 17.83% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of BKHY is 86, placing it in the top 14% 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 BNY Mellon High Yield Beta ETF (BKHY) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
BNY Mellon High Yield Beta ETF provided a 7.00% dividend yield over the last twelve months, with an annual payout of $3.38 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dividend | $3.38 | $4.11 | $3.04 | $3.73 | $2.62 |
Dividend yield | 7.00% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.25 | $0.28 | $0.30 | $0.30 | $0.29 | $0.27 | $0.31 | $0.32 | $0.28 | $0.29 | $2.90 | |
| 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 | $0.30 | $0.22 | $0.59 | $3.04 |
| 2021 | $0.00 | $0.22 | $0.20 | $0.23 | $0.24 | $0.22 | $0.26 | $0.23 | $0.24 | $0.23 | $0.22 | $1.47 | $3.73 |
| 2020 | $0.32 | $0.29 | $0.25 | $0.26 | $0.27 | $0.24 | $1.00 | $2.62 |
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 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 0.53%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.89% | Dec 28, 2021 | 189 | Sep 27, 2022 | 314 | Dec 27, 2023 | 503 |
| -3.59% | Jun 9, 2020 | 15 | Jun 29, 2020 | 14 | Jul 20, 2020 | 29 |
| -2.5% | Sep 3, 2020 | 16 | Sep 25, 2020 | 10 | Oct 9, 2020 | 26 |
| -2.21% | Nov 10, 2021 | 12 | Nov 26, 2021 | 19 | Dec 23, 2021 | 31 |
| -2.08% | Mar 21, 2024 | 20 | Apr 18, 2024 | 11 | May 3, 2024 | 31 |
Volatility
Volatility Chart
The current BNY Mellon High Yield Beta ETF volatility is 1.04%, 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.