BPAY
BlackRock Future Financial and Technology ETF
BPAY is an actively managed fund of global companies involved in innovative technologies used and applied in financial services.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
10.5 M
ASSETS UNDER MGMT
70 bp
EXPENSES
Fund Basics
| Fund sponsor | Blackrock |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 16, 2022 |
| Assets (mns) | $11 |
| Expense ratio | 70 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| SYNCHRONY FINANCIAL | 6.2 % |
| SCHWAB (CHARLES) CORP | 6.0 % |
| ROBINHOOD MARKETS, INC. CLASS A | 6.0 % |
| CAPITAL ONE FINANCIAL CORP | 5.9 % |
| KIWOOM SECURITIES CO LTD | 5.3 % |
| PAGAYA TECHNOLOGIES LTD CLASS A | 5.1 % |
| PAYPAL HOLDINGS INC | 4.9 % |
| BLOCK INC. | 4.5 % |
| AIRTEL AFRICA PLC | 4.4 % |
| DUN & BRADSTREET HOLDINGS INC | 4.1 % |
Constituent Breakdown
| Number of holdings | 49 |
| Herfindahl-Hirschman Index | 431 |
| Wgt avg mkt cap (mns) | $64,713 |
| Large cap (>$10bn) | 64.5% |
| Mid cap ($2-10bn) | 24.6% |
| Small cap (<$2bn) | 12.6% |
| Developed mkts. | 98.1% |
| Emerging mkts. | 8.1% |
Country Exposure
 |
UNITED STATES | 71.1 % |
 |
BRITAIN | 7.0 % |
 |
ITALY | 5.5 % |
 |
SOUTH KOREA | 5.3 % |
 |
ISRAEL | 5.1 % |
 |
CAYMAN ISLANDS | 4.0 % |
 |
KAZAKHSTAN | 2.8 % |
 |
SWITZERLAND | 2.4 % |
 |
NETHERLANDS | 1.6 % |
 |
FRANCE | 1.5 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 16.4% | 23.6% | 29.5% | 12.1% | -- | -- | -- | 6.9% |
| Dividend Yield | 0.0% | 0.0% | 0.7% | 0.6% | -- | -- | -- | 0.6% |
| Total Returns | 16.4% | 23.6% | 30.2% | 12.7% | -- | -- | -- | 7.5% | Ann. Volatility | 29.2% | 28.1% | 23.3% | 23.2% | -- | -- | -- | 23.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.49 | 56% |
| MSCI EAFE | 1.03 | 30% |
| MSCI Emg Mkts | 0.77 | 16% |
Liquidity Measures
| Avg. volume (000) | 3 |
| ADV traded (mns) | $0 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.20% |
Technical Indicators
| Recent close | $29.30 |
| 30d moving avg. | $32.10 |
| Annualized volatility | 25.8% |
| Relative strength (RSI) | 45 |
| Short interest | 1.1% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| IPAY | ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund | 37.5% | +5 bp | +5.8% |
| FINX | Global X FinTech ETF | 29.1% | -2 bp | +2.9% |
| FDFF | Fidelity Disruptive Finance ETF | 26.7% | -20 bp | +4.6% |
| RSPF | Invesco S&P 500 Equal Weight Financials ETF | 17.9% | -30 bp | +6.9% |
| PFI | Invesco Dorsey Wright Financial Momentum ETF | 17.8% | -10 bp | +5.1% |
| ARKF | ARK Fintech Innovation ETF | 16.7% | +5 bp | +0.2% |
| BLOK | Amplify Transformational Data Sharing ETF | 16.6% | +5 bp | +0.3% |
| XLF | Financial Select Sector SPDR Fund | 15.0% | -62 bp | +6.0% |
| IAI | iShares U.S. Broker-Dealers & Securities Exchanges ETF | 14.6% | -30 bp | +4.4% |
| BLCN | Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 14.4% | -2 bp | +3.9% |
Risk and Returns: BPAY vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/7/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
BPAY
6.7%
Cat. Avg
4.3%
ALTAR Score™ Calculation
Category Overview
There are 369 funds in the Global Equity category, with an average ALTAR Score™
of 4.3% and a standard deviation of
3.1%. BPAY's ALTAR Score™ is approximately
0.8 standard deviations
above
the category average. This places BPAY in the 78th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
BPAYSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 177 |
| Avg. Expense Ratio | 55.1 bp |
| Std. Deviation | 18.1 bp |
| BPAY (70 bp) Percentile rank | 79 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BPAY | 70.0 | 20.2 | 90.2 |
| Peer Avg. | 55.1 | 39.5 | 94.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .