- ISIN
- US09290C8890
- Issuer
- BlackRock
- Inception Date
- Aug 16, 2022
- Region
- Global (Broad)
- Category
- Financials Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $9M
Share Price Chart
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Performance
BPAY Performance Chart
BlackRock Future Financial and Technology ETF (BPAY) is down 9.1% since the beginning of the year. BPAY is currently trading at $25 per share.
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Returns By Period
BlackRock Future Financial and Technology ETF (BPAY) has returned -9.10% so far this year and -15.94% over the past 12 months.
BlackRock Future Financial and Technology ETF
- 1D
- -1.54%
- 1M
- 2.15%
- YTD
- -9.10%
- 6M
- -11.94%
- 1Y
- -15.94%
- 3Y*
- 9.58%
- 5Y*
- —
- 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%
BPAY Monthly Returns History
Based on dividend-adjusted daily data since Aug 18, 2022, BPAY's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.
Historically, 49% of months were positive and 51% were negative. The best month was Jun 2025 with a return of +17.7%, while the worst month was Mar 2023 at -13.2%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 7 months.
On a daily basis, BPAY closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +11.0%, while the worst single day was Apr 4, 2025 at -7.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -5.38% | -8.26% | -6.21% | 10.38% | 3.57% | -2.35% | -9.10% | ||||||
| 2025 | 6.75% | -7.58% | -7.06% | 2.92% | 10.67% | 17.68% | 1.33% | 0.24% | -3.14% | -3.51% | -5.63% | -1.42% | 8.54% |
| 2024 | -1.90% | 6.77% | 4.78% | -6.41% | 2.34% | -1.88% | 4.15% | 4.11% | -2.43% | 0.96% | 11.30% | -4.36% | 17.28% |
| 2023 | 12.42% | -5.35% | -13.21% | 5.25% | -2.15% | 7.09% | 9.24% | -4.63% | -6.51% | -8.36% | 13.78% | 9.42% | 13.19% |
| 2022 | -6.47% | -9.32% | 6.24% | 0.27% | -7.37% | -16.32% |
Benchmark Metrics
BlackRock Future Financial and Technology ETF has an annualized alpha of -12.97%, beta of 1.21, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since August 18, 2022.
- This ETF participated in 139.70% of S&P 500 Index downside but only 84.82% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -12.97% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -12.97%
- Beta
- 1.21
- R²
- 0.64
- Upside Capture
- 84.82%
- Downside Capture
- 139.70%
Expense Ratio
BPAY has an expense ratio of 0.70%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BPAY ranks 4 for risk / return — in the bottom 4% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BlackRock Future Financial and Technology ETF (BPAY) 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.
| BPAY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.65 | ||
| Sortino ratioReturn per unit of downside risk | -3.47 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.37 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 2.78 | -3.26 |
| Martin ratioReturn relative to average drawdown | -0.90 | 12.44 | -13.33 |
Dividends
Dividend History
BlackRock Future Financial and Technology ETF provided a 7.46% dividend yield over the last twelve months, with an annual payout of $1.83 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $1.83 | $1.76 | $0.13 | $0.27 | $0.04 |
Dividend yield | 7.46% | 6.49% | 0.48% | 1.18% | 0.18% |
Monthly Dividends
The table displays the monthly dividend distributions for BlackRock Future Financial and Technology 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.15 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.68 | $1.76 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.13 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.27 |
| 2022 | $0.04 | $0.04 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the BlackRock Future Financial and Technology 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 Future Financial and Technology ETF was 33.62%, occurring on Mar 27, 2026. The portfolio has not yet recovered.
The current BlackRock Future Financial and Technology ETF drawdown is 23.21%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -33.62%Mar 2026 | 8mo 2d | — | 11mo 3hJul 2025 - now |
2023 bear market2023 | -26.17%Mar 2023 | 7mo 7d | 11mo 24d | 1y 6moAug 2022 - Mar 2024 |
2025 selloff2025 | -25.40%Apr 2025 | 1mo 18d | 1mo 29d | 3mo 17dFeb 2025 - Jun 2025 |
2024 correction2024 | -11.05%Aug 2024 | 4mo 6d | 14d | 4mo 20dApr 2024 - Aug 2024 |
2025 pullback2025 | -6.65%Jan 2025 | 1mo 9d | 17d | 1mo 26dDec 2024 - Jan 2025 |
Drawdown Indicators
| BPAY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.62% | -56.78% | +23.16% |
Max Drawdown (1Y)Largest decline over 1 year | -33.62% | -9.10% | -24.52% |
Max Drawdown (3Y)Largest decline over 3 years | -33.62% | -18.90% | -14.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -23.21% | -1.80% | -21.41% |
Average DrawdownAverage peak-to-trough decline | -10.71% | -10.71% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.83% | 2.03% | +15.80% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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