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BNY Mellon High Yield Beta ETF (BKHY)



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Upturn Advisory Summary
08/14/2025: BKHY (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit 12.46% | Avg. Invested days 74 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta 0.82 | 52 Weeks Range 41.77 - 48.28 | Updated Date 06/30/2025 |
52 Weeks Range 41.77 - 48.28 | Updated Date 06/30/2025 |
Upturn AI SWOT
BNY Mellon High Yield Beta ETF
ETF Overview
Overview
The BNY Mellon High Yield Beta ETF (BKHY) seeks to replicate the performance, before fees and expenses, of the ICE BofA US High Yield Index, which tracks the performance of U.S. dollar-denominated below investment grade corporate debt publicly issued in the U.S. domestic market.
Reputation and Reliability
BNY Mellon is a well-established financial institution with a long history in asset management, known for its reliable and conservative approach.
Management Expertise
BNY Mellon has significant experience in managing fixed-income investments, with a dedicated team focused on high-yield strategies.
Investment Objective
Goal
Seeks to replicate the performance of the ICE BofA US High Yield Index.
Investment Approach and Strategy
Strategy: Tracks a specific index (ICE BofA US High Yield Index) which includes below-investment-grade U.S. corporate bonds.
Composition Primarily holds U.S. dollar-denominated high-yield corporate bonds.
Market Position
Market Share: BKHY holds a relatively small market share within the high yield ETF sector.
Total Net Assets (AUM): 146100000
Competitors
Key Competitors
- iShares iBoxx High Yield Corp Bond ETF (HYG)
- SPDR Bloomberg High Yield Bond ETF (JNK)
- Xtrackers USD High Yield Corporate Bond ETF (HYLB)
Competitive Landscape
The high-yield ETF market is dominated by a few large players. BKHY competes by offering a low expense ratio. BKHY's smaller size may limit liquidity compared to larger competitors. Competitors have longer performance track records which provide investors more insight.
Financial Performance
Historical Performance: Historical performance data needs to be retrieved from financial data providers.
Benchmark Comparison: Benchmark comparison requires historical data from financial data providers.
Expense Ratio: 0.22
Liquidity
Average Trading Volume
The average trading volume is moderate, which can impact ease of entry and exit for large positions.
Bid-Ask Spread
The bid-ask spread is generally tight, but it can widen during periods of market volatility.
Market Dynamics
Market Environment Factors
Economic growth, interest rate movements, credit spreads, and default rates all influence the performance of BKHY.
Growth Trajectory
Growth trends are dependent on high yield market conditions and investor demand for high yield bond exposure. There are no major changes to strategy and holdings at this time.
Moat and Competitive Advantages
Competitive Edge
BKHY's primary advantage is its low expense ratio compared to some of its larger competitors. This low-cost structure can enhance returns for investors over the long term. However, it lacks the brand recognition and trading volume of more established high-yield ETFs. Investors primarily focus on expense ratio, track record, and AUM when selecting High Yield Bond ETF.
Risk Analysis
Volatility
BKHY's volatility is correlated to the high-yield bond market, which is generally higher than investment-grade bonds.
Market Risk
BKHY is exposed to credit risk (default risk of the underlying bonds) and interest rate risk (sensitivity to changes in interest rates).
Investor Profile
Ideal Investor Profile
Investors seeking high current income and diversification in high-yield bonds, willing to accept higher credit risk and interest rate sensitivity.
Market Risk
Suitable for long-term investors seeking income, as well as active traders looking to capitalize on short-term market movements within the high-yield sector.
Summary
The BNY Mellon High Yield Beta ETF (BKHY) seeks to track the ICE BofA US High Yield Index, providing exposure to U.S. dollar-denominated high-yield corporate bonds. BKHY has a competitive edge with its low expense ratio. However, BKHY has less AUM and trading volume when compared to bigger competitors. This makes it a suitable income option for investors that are comfortable with taking on risks to get above-average returns.
Peer Comparison
Sources and Disclaimers
Data Sources:
- BNY Mellon Investment Management Website
- ETF.com
- Morningstar
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Market data is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About BNY Mellon High Yield Beta ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund seeks to provide diversified investment exposure to the U.S. high yield bond market. Under normal circumstances, the fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in high yield securities and ETFs providing exposure to such securities. It's policy with respect to the investment of at least 80% of its net assets may be changed by the fund's board, upon 60 days' prior notice to shareholders. The fund's managers consider high yield securities to be securities with ratings that qualify for inclusion in the index.

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