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
$ 8.9 M
ASSETS UNDER MGMT
70 bp
EXPENSES
Fund Basics
| Inception date | Aug 16, 2022 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| GLOBAL PAYMENTS INC. | 4.9 % |
| ROBINHOOD MARKETS, INC. CLASS A | 4.9 % |
| CHIME FINANCIAL CLASS A | 4.6 % |
| CAPITAL ONE FINANCIAL CORP | 4.2 % |
| KASPI.KZ JSC SPONSORED GDR REGS | 4.2 % |
| BLOCK INC. | 4.0 % |
| FIDELITY NATIONAL INFORMATION SERVICES, | 3.5 % |
| SEA LTD. (SINGAPORE) SPONSORED ADR CLASS | 3.4 % |
| VISA INC. CLASS A | 3.3 % |
| MASTERCARD INCORPORATED CLASS A | 3.2 % |
Constituent Breakdown
| Number of holdings | 40 |
| Herfindahl-Hirschman Index | 285 |
| Wgt avg mkt cap (mns) | $64,715 |
| Large cap (>$10bn) | 45.8% |
| Mid cap ($2-10bn) | 20.5% |
| Small cap (<$2bn) | 9.3% |
| Developed mkts. | 69.8% |
| Emerging mkts. | 9.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 57.0 % |
 |
KAZAKHSTAN | 4.2 % |
 |
SINGAPORE | 3.4 % |
 |
ITALY | 3.1 % |
 |
ARGENTINA | 3.0 % |
 |
BRITAIN | 2.7 % |
 |
NETHERLANDS | 1.9 % |
 |
ISRAEL | 1.8 % |
 |
AUSTRALIA | 1.7 % |
 |
CHINA | 1.5 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -9.5% | -23.5% | -0.5% | 6.8% | -- | -- | -- | -0.4% |
| Dividend Yield | 0.5% | 5.2% | 3.6% | 3.0% | -- | -- | -- | 0.4% |
| Total Returns | -9.0% | -18.3% | 3.0% | 9.8% | -- | -- | -- | 0.0% | Ann. Volatility | 26.8% | 26.5% | 26.9% | 24.2% | -- | -- | -- | 24.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.49 | 53% |
| MSCI EAFE | 0.94 | 32% |
| MSCI Emg Mkts | 0.50 | 23% |
Liquidity Measures
| Avg. volume (000) | 2 |
| ADV traded (mns) | $0 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.19% |
Technical Indicators
| 30d moving avg. (EMA) | $26.59 |
| Relative strength (RSI) | 59 |
| MACD/Signal | 0.38/0.38 |
| Bollinger Bands (Upper/Lower) | $27.94/$25.64 |
| Short interest (% of AUM) | 2.0% |
Distributions
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. BPAY |
Expenses vs. BPAY |
ALTAR Score™ vs. BPAY |
|---|---|---|---|---|
| KYC | Corgi Digital Banking & Fintech Infrastructure ETF | 36.8% | -35 bp | -0.3% |
| LATR | Corgi Buy Now Pay Later ETF | 33.2% | -35 bp | -1.5% |
| IPAY | ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund | 32.1% | +5 bp | +2.4% |
| FINX | Global X FinTech ETF | 27.8% | -2 bp | -1.3% |
| FDFF | Fidelity Disruptive Finance ETF | 22.8% | -20 bp | -0.6% |
| ARKF | ARK Fintech Innovation ETF | 17.8% | +5 bp | -5.2% |
| BLOK | Amplify Transformational Data Sharing ETF | 16.4% | +5 bp | -5.9% |
| XLF | Financial Select Sector SPDR | 14.2% | -62 bp | +1.6% |
| FNCL | Fidelity MSCI Financials Index ETF | 13.8% | -62 bp | +1.9% |
| VFH | Vanguard Financials ETF | 13.6% | -61 bp | +1.9% |
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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2025 | 2026 | 2027 | |
| 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 10/7/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
5.2%
ALTAR SCORE™
60th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 735 funds in the Global Equity category with an average
ALTAR Score™ of 4.6% and a standard deviation
of 2.7%. BPAY's ALTAR Score™ is approximately 0.3 standard
deviations above the category average. This places BPAY in the 60th percentile
among funds in the category.
Sell-Side Consensus
$35.38
PRICE TARGET
+42.5%
UPSIDE