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ETFs

BNY Mellon Core Bond ETF

BKAG
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 24 2020
Expense Ratio
0.00%
Type
US Bonds
Fund Owner
BNY Mellon
Volume (1m avg. daily)
$2,723,650
AUM
$518,086,130
Associated Index
Bloomberg US Aggregate Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
DREYFUS INSTITUTIONAL PRE
2.13%
n/a
US TREASURY N/B 2.75 8/32
0.54%
n/a
US TREASURY N 1.375 11/31
0.54%
n/a
US TREASURY N/ 0.625 8/30
0.51%
n/a
US TREASURY N/B 3.5 2/33
0.46%
n/a
US TREASURY N/B 1.25 6/28
0.46%
n/a
US TREASURY N/B 0.75 8/26
0.46%
n/a
US TREASURY N/B 0.25 9/25
0.44%
n/a
US TREASURY N/B 1.25 8/31
0.44%
n/a
US TREASURY N/B 1 7/28
0.43%
Invest with BKAG

What is BKAG?

The fund seeks to match the performance of the Bloomberg US Aggregate Total Return Index. To pursue its goal, the fund normally invests substantially all of its assets in bonds comprising the Bloomberg US Aggregate Total Return Index and TBA transactions (as defined below) representing bonds included in the index. The Bloomberg US Aggregate Total Return Index is designed to measure the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, mortgage-backed pass-through securities (agency fixed-rate), commercial mortgage backed securities (agency and non-agency) and other asset-backed securities having at least one year until final maturity.

ETFs related toBKAG

ETFs correlated to BKAG include BND, AGG, SCHZ

BKAG
BNY Mellon ETF Trust - BNY Mellon Core Bond ETF
BND
Vanguard Group, Inc. - Vanguard Total Bond Market ETF
AGG
BlackRock Institutional Trust Company N.A. - iShares Core U.S. Aggregate Bond ETF
SCHZ
Schwab Strategic Trust - Schwab US Aggregate Bond ETF
AVIG
American Century ETF Trust - Avantis Core Fixed Income ETF
FLCB
Franklin Templeton ETF Trust - Franklin U.S. Core Bond ETF
SPAB
SPDR Series Trust - SPDR Portfolio Aggregate Bond ETF
EAGG
iShares Trust - iShares ESG Aware U.S. Aggregate Bond ETF
BBAG
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Aggregate Bond ETF
UTEN
Rbb Fund Inc - US Treasury 10 Year Note ETF
BIV
Vanguard Group, Inc. - Vanguard Intermediate-Term Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toBKAG

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with BKAG using Composer

FAQ

BKAG is a US Bonds ETF. The fund seeks to match the performance of the Bloomberg US Aggregate Total Return Index. To pursue its goal, the fund normally invests substantially all of its assets in bonds comprising the Bloomberg US Aggregate Total Return Index and TBA transactions (as defined below) representing bonds included in the index. The Bloomberg US Aggregate Total Return Index is designed to measure the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, mortgage-backed pass-through securities (agency fixed-rate), commercial mortgage backed securities (agency and non-agency) and other asset-backed securities having at least one year until final maturity.

BKAG tracks the Bloomberg US Aggregate Bond Index.

No, BKAG is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, BKAG is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BKAG is -0.0133%. This is the percent change in the value of BKAG over the most recent 1-month period. The 3-month return on BKAG is -0.033%. This is the percent change in the value of BKAG over the most recent 3-month period.

The standard deviation of BKAG for the past year is 0.0773%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BKAG include GSY, GVI, and BLV.

ETFs correlated to BKAG include BND, AGG, and SCHZ.

ETFs that are inversely correlated to BKAG include PST, TBX, and TTT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.