The BNY Mellon High Yield Beta ETF (BKHY) offers broad exposure to “junk” bonds — debt issued by borrowers with a higher risk of default. For taking on the added risk, investors are rewarded with higher yields than those offered on ultra-safe U.S. Treasuries or investment-grade debt issued by the most creditworthy companies. ETFs offer quite a few high-yield options, including active management, so-called “smart” indexing, and even an ETF that screens junk debt based on environmental, social, and government criteria.
BKHY is competitively priced. It is much cheaper than its largest rivals: the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and the SPDR Bloomberg Barclays High Yield Bond ETF (JNK). It competes with other low-cost high-yield funds like the SPDR Portfolio High Yield Bond ETF (SPHY)
BKHY is part of a lineup of ETFs introduced by BNY Mellon in April 2020. As a latecomer to a crowded market, BNY Mellon garnered attention by offering extremely low-fee products, including some of the first zero-fee ETFs, making its new funds some of the cheapest on the market.
| Segment | Fixed Income: U.S. - Corporate, Broad-based High Yield |
| Category | Corporate, Broad-based |
| Focus | High Yield |
| Niche | Broad Maturities |
| Strategy | Vanilla |
| Weighting Scheme | Market Value |
This section compares how balanced and deep this ETF is relative to its peers.
| BKHY | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 2000 | 475 | 609 |
| % of Assets in Top 10 | 6.30% | 27.61% | 26.77% |
| % of Assets in Top 15 | 7.98% | 31.39% | 29.61% |
| % of Assets in Top 50 | 18.02% | 50.34% | 44.80% |
| BKHY | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | N/A | N/A | N/A |
| Mid (>2.7B) | N/A | N/A | N/A |
| Small (>600M) | N/A | N/A | N/A |
| Micro (<600M) | N/A | N/A | N/A |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| BKHY | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.26 | $ 0.19 | $ 0.23 |
| Dividend Date | 2023-12-01 | N/A | N/A |
| Annual Dividend Rate | $ 4.18 | $ 2.17 | $ 2.54 |
| Annual Dividend Yield | 9.25% | 6.23% | 6.36% |
View charts featuring BKHY price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: 0 1 Month Net Flows: 11.32 M 3 Month Net Flows: -58.76 M 6 Month Net Flows: -44.94 M 1 Year Net Flows: 21.96 M 3 Year Net Flows: 33.76 M 5 Year Net Flows: 33.76 M 10 Year Net Flows: 33.76 MView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: 405 KThe adjacent table gives investors an individual Realtime Rating for BKHY on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the High Yield Bonds with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Ordinary income |
| Distributes K1 | No |
This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.
| BKHY |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | 2.30% | 2.19% | 1.99% |
| 3 Month Return | 3.12% | 2.91% | 2.78% |
| YTD Return | 9.54% | 8.30% | 7.36% |
| 1 Year Return | 9.09% | 7.73% | 6.85% |
| 3 Year Return | 1.13% | 0.74% | 0.43% |
| 5 Year Return | N/A | 1.77% | 1.39% |
The following charts reflect the geographic spread of BKHY's underlying holdings.
The following charts reflect the allocation of BKHY's underlying holdings.
| Asset | Percentage |
|---|---|
| Corporate | 97.12% |
| Other | 1.8% |
| CASH | 0.82% |
| Preferred | 0.36% |
| Municipal | 0.1% |
| Bank Loan | 0.03% |
| Bond Sector | Percentage |
|---|
| Maturity | Percentage |
|---|---|
| Less Than 1 Year | 0.0% |
| 1-3 Years | 0.0% |
| 3-5 Years | 0.0% |
| 5-7 Years | 0.0% |
| 7-10 Years | 0.0% |
| 10-15 Years | 0.0% |
| 15-20 Years | 0.0% |
| 20-30 Years | 0.0% |
| 30+ Years | 0.0% |
| Asset | Percentage |
|---|---|
| Corporate | 97.12% |
| Other | 1.8% |
| CASH | 0.82% |
| Preferred | 0.36% |
| Municipal | 0.1% |
| Bank Loan | 0.03% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 79.50% |
| 20 Day Volatility | 6.12% |
| 50 Day Volatility | 7.04% |
| 200 Day Volatility | 6.23% |
| Beta | 0.43 |
| Standard Deviation | 0.89% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
VettaFi’s Head of Research Todd Rosenbluth joins Chuck Jaffe to discuss what investors...
With Exchange 2024 less than three months away, I’ve started mapping out “the weird session” at...
The winter holiday season is here, and I wanted to join in the festivities. Recently, advisors...
ETF Trends and ETF Database , the preeminent digital platforms for ETF news, research, tools, video, webcasts, native content channels, and more. The ETF Trends and ETF Database brands have been trusted amongst advisors, institutional investors, and individual investors for a combined 25 years. The firms are uniquely positioned to aid advisor’s education, adoption, and usage of ETFs, as well as the asset management community’s transition from traditionally analog to digital interactions with the advisor community.
Our team at ETF Database is committed to making our website the premier source of information on ETF investing with the world’s highest quality ETF tools, content, and resources.
ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.
Copyright © 2023 FactSet Research Systems Inc. All rights reserved.
A long-running debate in asset allocation circles is how much of a portfolio an investor should...
In a digital age where information moves in milliseconds and millions of participants can transact...