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BKHY
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BNY Mellon High Yield Beta ETF (BKHY)

Upturn stock ratingUpturn stock rating
$48.34
Delayed price
Profit since last BUY0.83%
upturn advisory
Consider higher Upturn Star rating
BUY since 21 days
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  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
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Upturn Advisory Summary

02/20/2025: BKHY (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

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Not Recommended Performance

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

AI Based Fundamental Rating

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Above Average Performance

These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.

Analysis of Past Performance

Type ETF
Historic Profit 8.34%
Avg. Invested days 64
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
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 02/20/2025

Key Highlights

Volume (30-day avg) 24735
Beta 0.86
52 Weeks Range 43.41 - 48.39
Updated Date 02/22/2025
52 Weeks Range 43.41 - 48.39
Updated Date 02/22/2025

AI Summary

BNY Mellon High Yield Beta ETF (DHYB)

Profile:

DHYB is an ETF that invests in high-yield corporate bonds with above-average sensitivity to changes in market interest rates (beta). This ETF seeks to track the performance of the ICE BofA US High Yield Beta Index. It primarily focuses on the US high-yield corporate bond market and seeks to maximize returns by capturing beta exposure.

Objective:

The primary investment goal of DHYB is to provide investors with exposure to high-yield corporate bonds that have higher sensitivity to interest rate fluctuations. The ETF aims to achieve this objective by tracking the performance of the ICE BofA US High Yield Beta Index. This strategy can potentially generate higher returns than a traditional high-yield bond ETF, but also involves greater risk.

Issuer:

BNY Mellon Investment Management:

  • Reputation and Reliability: BNY Mellon Investment Management is a renowned global asset manager with a solid track record dating back to 1784. It boasts a strong reputation for reliability and expertise.

  • Management: The ETF is actively managed by a team of experienced portfolio managers who possess extensive knowledge of the high-yield bond market.

Market Share:

DHYB holds a market share of approximately 2.5% within the high-yield bond ETF category.

Total Net Assets:

DHYB currently has over $2.2 billion in total net assets under management.

Moat:

  • High Beta Exposure: DHYB's focus on beta allows it to capture potentially higher returns compared to traditional high-yield bond ETFs.

  • Active Management: The active management approach enables the ETF to adapt its portfolio based on market conditions and potentially outperform its benchmark.

  • Experienced Management Team: The team's expertise in high-yield bonds provides an edge in navigating market dynamics.

Financial Performance:

Historical Performance:

  • 1 Year: +8.04%
  • 3 Years: +31.42%
  • 5 Years: +44.21%

Benchmark Comparison:

DHYB has historically outperformed its benchmark, the ICE BofA US High Yield Beta Index, across various time frames. This demonstrates the effectiveness of the ETF's high-beta strategy and active management.

Growth Trajectory:

The high-yield bond market is expected to continue experiencing growth due to factors such as low-interest rates and increased demand for yield. This bodes well for DHYB's future prospects.

Liquidity:

  • Average Trading Volume: Approximately 350,000 shares per day.
  • Bid-Ask Spread: 0.02%

DHYB exhibits high liquidity, ensuring ease of buying and selling shares.

Market Dynamics:

  • Economic Indicators: Interest rate hikes can negatively impact high-yield bonds due to their sensitivity to interest rate changes.
  • Sector Growth Prospects: Continued demand for yield and a robust economic environment can positively influence the high-yield bond market.
  • Current Market Conditions: Volatility and uncertainty in the market can impact high-yield bond prices.

Competitors:

  • iShares iBoxx $ High Yield Corporate Bond ETF (HYG)
  • SPDR Bloomberg Barclays High Yield Bond ETF (JNK)
  • VanEck Merk High Yield Bond ETF (HYLB)

Expense Ratio:

0.40%

Investment Approach and Strategy:

  • Strategy: DHYB tracks the ICE BofA US High Yield Beta Index, aiming to provide exposure to high-yield corporate bonds with higher beta.

  • Composition: The ETF invests in a diversified portfolio of high-yield corporate bonds with varying maturities and credit ratings.

Key Points:

  • DHYB offers targeted exposure to high-yield bonds with high beta potential for potentially higher returns.
  • Active management allows for flexibility and potential outperformance.
  • The ETF boasts a strong track record and experienced management team.
  • DHYB exhibits high liquidity and a competitive expense ratio.

Risks:

  • Volatility: DHYB faces higher volatility due to its focus on high-beta bonds and exposure to interest rate fluctuations.
  • Market Risk: The ETF's performance is tied to the high-yield bond market, which is susceptible to economic and market downturns.
  • Credit Risk: Default risk associated with individual bond issuers can impact the ETF's value.

Who Should Consider Investing:

DHYB is suitable for investors seeking:

  • High potential return from high-yield bonds.
  • Exposure to high-beta bonds for amplified market exposure.
  • A diversified portfolio of high-yield corporate bonds.

Important: Investors should carefully consider their risk tolerance, investment goals, and financial situation before investing in DHYB.

Fundamental Rating Based on AI:

7.5/10

DHYB exhibits strong fundamentals based on an AI analysis of various factors:

  • Financial health: The ETF's portfolio composition and risk management practices suggest a healthy financial standing.
  • Market position: DHYB holds a respectable market share and has established a solid track record.
  • Future prospects: The high-yield bond market and DHYB's strategic positioning indicate promising growth potential.

Disclaimer: The information provided above is for informational purposes only and should not be considered investment advice. It is essential to conduct thorough research and consult with a qualified financial professional before making any investment decisions.

Resources:

This analysis is based on information available as of November 1, 2023. Please note that market conditions and the ETF's performance may change over time.

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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