(BKHY) BNY Mellon High Yield Beta - Overview
Etf: High Yield Bonds, Etf, U.S
Dividends
| Dividend Yield | 7.91% |
| Yield on Cost 5y | 8.87% |
| Yield CAGR 5y | 0.66% |
| Payout Consistency | 95.0% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 3.02% |
| Relative Tail Risk | 0.60% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.61 |
| Alpha | 0.52 |
| Character TTM | |
|---|---|
| Beta | 0.239 |
| Beta Downside | 0.285 |
| Drawdowns 3y | |
|---|---|
| Max DD | 4.87% |
| CAGR/Max DD | 1.90 |
Description: BKHY BNY Mellon High Yield Beta December 31, 2025
The BNY Mellon High Yield Beta ETF (NYSE ARCA:BKHY) aims to deliver diversified exposure to the U.S. high-yield bond market by allocating at least 80 % of its net assets-plus any investment-grade borrowings-to high-yield securities and ETFs that track such securities, subject to board-approved policy changes with 60-day notice to shareholders.
As of the most recent filing, BKHY carries an expense ratio of 0.30 %, a weighted-average credit rating of roughly BB-, and a portfolio duration of about 4.5 years, resulting in a distribution yield near 6.2 % (annualized). The top sector holdings typically include energy, industrials, and consumer discretionary, reflecting the broader composition of the U.S. high-yield market.
Key drivers of performance are the spread between high-yield bonds and U.S. Treasuries, corporate default rates, and Federal Reserve policy on interest rates. A tightening credit cycle or an unexpected rise in default frequency could depress returns, while a flattening spread environment would generally benefit the fund.
For a deeper, data-driven analysis of BKHY’s risk-adjusted metrics and scenario testing, you might find ValueRay’s platform useful.
What is the price of BKHY shares?
Over the past week, the price has changed by -0.06%, over one month by +0.32%, over three months by +1.74% and over the past year by +7.68%.
Is BKHY a buy, sell or hold?
What are the forecasts/targets for the BKHY price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 54.9 | 14% |
BKHY Fundamental Data Overview February 05, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 384.0m USD (384.0m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 384.0m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 384.0m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 6.80% (E(384.0m)/V(384.0m) * Re(6.80%) + (debt-free company))
Discount Rate = 6.80% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)