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ETFs

BNY Mellon International Equity ETF

BKIE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 24 2020
Expense Ratio
0.04%
Type
Global Ex. US Equities
Fund Owner
BNY Mellon
Volume (1m avg. daily)
$1,072,560
AUM
$460,055,054
Associated Index
Morningstar Developed Markets ex-US Large Cap Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

NESN
Nestle SA
2.03%
NOVO B
Novo Nordisk - Ordinary Shares - Class B
1.91%
ASML
ASML Holding NV
1.54%
7203
Toyota Motor Corporation
1.52%
SHEL
Shell Plc
1.39%
NOVN
Novartis AG - Registered Shares
1.37%
AZN
Astrazeneca plc
1.36%
MC
Lvmh Moet Hennessy Vuitton SE
1.32%
ROG
Roche Holding AG
1.25%
HSBA
HSBC Holdings plc
1.02%
Invest with BKIE

What is BKIE?

The fund seeks to match the performance of the Morningstar Developed Markets ex-US Large Cap Index. To pursue its goal, the fund normally invests substantially all of its assets in equity securities comprising the Morningstar Developed Markets ex-US Large Cap Index, depositary receipts based on securities comprising the index, exchange-traded funds (ETFs) providing exposure to such securities, and derivatives with economic characteristics similar to such securities or the index. The fund s derivatives investments may include futures, currency forwards, total return swaps and structured notes. The Morningstar Developed Markets ex-US Large Cap Index is a float-adjusted market capitalization weighted index designed to measure the performance of developed market (excluding the United States) large-capitalization stocks.

ETFs related toBKIE

ETFs correlated to BKIE include SCHF, EFA, DFAI

BKIE
BNY Mellon ETF Trust - BNY Mellon International Equity ETF
SCHF
Schwab Strategic Trust - Schwab International Equity ETF
EFA
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE ETF
DFAI
Dimensional ETF Trust - Dimensional International Core Equity Market ETF
IDEV
iShares Trust - iShares Core MSCI International Developed Markets ETF
VEA
Vanguard Group, Inc. - Vanguard FTSE Developed Markets ETF
IEFA
BlackRock Institutional Trust Company N.A. - iShares Core MSCI EAFE ETF
BBIN
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders International Equity ETF
ESGD
iShares Trust - iShares Trust iShares ESG Aware MSCI EAFE ETF
SPDW
SSgA Active Trust - SPDR Portfolio Developed World ex-US ETF
GSIE
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta International Equity 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 toBKIE

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with BKIE using Composer

FAQ

BKIE is a Global Ex. US Equities ETF. The fund seeks to match the performance of the Morningstar Developed Markets ex-US Large Cap Index. To pursue its goal, the fund normally invests substantially all of its assets in equity securities comprising the Morningstar Developed Markets ex-US Large Cap Index, depositary receipts based on securities comprising the index, exchange-traded funds (ETFs) providing exposure to such securities, and derivatives with economic characteristics similar to such securities or the index. The fund s derivatives investments may include futures, currency forwards, total return swaps and structured notes. The Morningstar Developed Markets ex-US Large Cap Index is a float-adjusted market capitalization weighted index designed to measure the performance of developed market (excluding the United States) large-capitalization stocks.

BKIE tracks the Morningstar Developed Markets ex-US Large Cap Index.

No, BKIE 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, BKIE 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 BKIE is 0.0018%. This is the percent change in the value of BKIE over the most recent 1-month period. The 3-month return on BKIE is -0.0176%. This is the percent change in the value of BKIE over the most recent 3-month period.

The standard deviation of BKIE for the past year is 0.1707%. 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 BKIE include EZU, EEM, and FEZ.

ETFs correlated to BKIE include SCHF, EFA, and DFAI.

ETFs that are inversely correlated to BKIE include EFZ, EPV, and SH.

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.