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BKHY
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BNY Mellon High Yield Beta ETF (BKHY)

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$48.18
Last Close (24-hour delay)
Profit since last BUY3.99%
upturn advisory
Consider higher Upturn Star rating
BUY since 67 days
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Upturn Advisory Summary

08/14/2025: BKHY (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

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 stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
ETF Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

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

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BNY Mellon High Yield Beta ETF

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ETF Overview

overview logo 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.

reliability logo 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.

reliability logo Management Expertise

BNY Mellon has significant experience in managing fixed-income investments, with a dedicated team focused on high-yield strategies.

Investment Objective

overview logo 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

overview logo 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.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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.