BLHY vs. BKHY
Compare and contrast key facts about Virtus Newfleet High Yield Bond ETF (BLHY) and BNY Mellon High Yield Beta ETF (BKHY).
BLHY and BKHY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BLHY is an actively managed fund by Virtus Investment Partners. It was launched on Dec 5, 2016. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BLHY or BKHY.
Key characteristics
| BLHY | BKHY |
|---|
Correlation
The correlation between BLHY and BKHY 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
BLHY vs. BKHY - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BLHY vs. BKHY - Expense Ratio Comparison
BLHY has a 0.69% expense ratio, which is higher than BKHY's 0.22% expense ratio.
Risk-Adjusted Performance
BLHY vs. BKHY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Newfleet High Yield Bond ETF (BLHY) and BNY Mellon High Yield Beta ETF (BKHY). 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
BLHY vs. BKHY - Dividend Comparison
BLHY has not paid dividends to shareholders, while BKHY's dividend yield for the trailing twelve months is around 8.74%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
BLHY Virtus Newfleet High Yield Bond ETF | 5.63% | 7.20% | 6.63% | 4.96% | 3.66% | 5.44% | 5.76% | 3.84% |
BKHY BNY Mellon High Yield Beta ETF | 8.74% | 8.67% | 6.59% | 6.78% | 4.65% | 0.00% | 0.00% | 0.00% |
Drawdowns
BLHY vs. BKHY - Drawdown Comparison
Volatility
BLHY vs. BKHY - Volatility Comparison
The current volatility for Virtus Newfleet High Yield Bond ETF (BLHY) is 0.00%, while BNY Mellon High Yield Beta ETF (BKHY) has a volatility of 1.65%. This indicates that BLHY experiences smaller price fluctuations and is considered to be less risky than BKHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.