BKHY vs. BLHY
Compare and contrast key facts about BNY Mellon High Yield Beta ETF (BKHY) and Virtus Newfleet High Yield Bond ETF (BLHY).
BKHY and BLHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BKHY is a passively managed fund by The Bank of New York Mellon Corp. that tracks the performance of the Bloomberg US Corporate High Yield Index. It was launched on Apr 24, 2020. BLHY is an actively managed fund by Virtus Investment Partners. It was launched on Dec 5, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BKHY or BLHY.
Key characteristics
| BKHY | BLHY |
|---|
Correlation
The correlation between BKHY and BLHY is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BKHY vs. BLHY - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BKHY vs. BLHY - Expense Ratio Comparison
BKHY has a 0.22% expense ratio, which is lower than BLHY's 0.69% expense ratio.
Risk-Adjusted Performance
BKHY vs. BLHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon High Yield Beta ETF (BKHY) and Virtus Newfleet High Yield Bond ETF (BLHY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BKHY vs. BLHY - Dividend Comparison
BKHY's dividend yield for the trailing twelve months is around 8.82%, while BLHY has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
BKHY BNY Mellon High Yield Beta ETF | 8.82% | 8.67% | 6.59% | 6.78% | 4.65% | 0.00% | 0.00% | 0.00% |
BLHY Virtus Newfleet High Yield Bond ETF | 5.63% | 7.20% | 6.63% | 4.96% | 3.66% | 5.44% | 5.76% | 3.84% |
Drawdowns
BKHY vs. BLHY - Drawdown Comparison
Volatility
BKHY vs. BLHY - Volatility Comparison
BNY Mellon High Yield Beta ETF (BKHY) has a higher volatility of 1.46% compared to Virtus Newfleet High Yield Bond ETF (BLHY) at 0.00%. This indicates that BKHY's price experiences larger fluctuations and is considered to be riskier than BLHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.