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ETFs

BNY Mellon ETF Trust BNY Mellon Innovators ETF

BKIV
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 16 2023
Expense Ratio
0.50%
Type
US Equities
Fund Owner
BNY Mellon
Volume (1m avg. daily)
$10,382
AUM
$9,803,747
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

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Invest with BKIV

What is BKIV?

The fund seeks long-term capital growth by investing in equity securities of U.S. innovation-driven companies, across the market capitalization spectrum. The fund considers companies to be innovative that, through their intellectual property, provide leading edge products or services that are transformative or disruptive to existing business practices.

ETFs related toBKIV

ETFs correlated to BKIV include XT, THNQ, FFTY

BKIV
BNY Mellon ETF Trust - BNY Mellon Innovators ETF
XT
BlackRock Institutional Trust Company N.A. - iShares Exponential Technologies ETF
THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF
FFTY
Innovator Management LLC - Innovator IBD 50 ETF
IWP
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Growth ETF
CGGR
Capital Group Companies Inc - Capital Group Growth ETF
FPX
First Trust Exchange-Traded Fund III - First Trust US Equity Opportunities ETF
PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF
IRBO
BlackRock Institutional Trust Company N.A. - iShares Robotics and Artificial Intelligence Multisector ETF
VOT
Vanguard Group, Inc. - Vanguard Mid-Cap Growth ETF
CLOU
Global X Funds - Global X Cloud Computing 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 toBKIV

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with BKIV using Composer

FAQ

BKIV is a US Equities ETF. The fund seeks long-term capital growth by investing in equity securities of U.S. innovation-driven companies, across the market capitalization spectrum. The fund considers companies to be innovative that, through their intellectual property, provide leading edge products or services that are transformative or disruptive to existing business practices.

Yes, BKIV is actively 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.

No, BKIV is not passively managed. It is actively 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 BKIV is -0.0493%. This is the percent change in the value of BKIV over the most recent 1-month period. The 3-month return on BKIV is -0.0851%. This is the percent change in the value of BKIV over the most recent 3-month period.

ETFs similar to BKIV include SPHQ, DSI, and QUAL.

ETFs correlated to BKIV include XT, THNQ, and FFTY.

ETFs that are inversely correlated to BKIV include WEBS, SARK, and BTAL.

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.