iShares FinTech Active ETF
$25.29−0.54 (−2.08%)
History starts Aug 18, 2022.
- Expense ratio
- 0.66%
- Fund size
- $9M
- 1Y return
- −17.5%
- Yield · Last 12 months
- 7.08%
- Holdings
- 37
- Volume · 30D
- 0M sh
- NAV per share
- $25.80
- 52W range
The ETF.net BPAY Grade
Score 47 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 48Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 38Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 34Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 79Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 49Category rank
Our read on BPAY
CBlackRock's stock-picker take on fintech: an active portfolio of about 40 names across payments, banking, insurance and the software running underneath, priced below the typical fee in its fintech peer group.
The fund seeks to maximize total return by investing in companies that provide innovative technologies across financial services, including payments, banking, insurance, and software.
Why people hold it
- Active by mandate. Managers choose roughly 40 names instead of tracking a fintech index, so the book can follow the theme as it shifts.
- 0.66% a year sits under the fintech cohort median and below index-based rivals FINX, IPAY and ARKF, an unusual place for an active fund.
- Wide definition of fintech: payments, banking, insurance and financial software, not just the card networks.
- Ranks in the upper half of its fintech and payments peer group on our review, with portfolio construction among its stronger marks.
Worth knowing
- Thinly traded. Spreads matter more at the point of entry here than in the category's heaviest-volume funds.
- About 40 stocks in one theme. Single-name and sector swings land harder than in a broad fund.
- Launched in 2022 and still a small fund, with no index to grade the managers against. The record is short and payouts come once or twice a year.
BPAY Holdings
- Stocks
- 37
- 43%
- BLK CSH FND TREASURY SL AGENCY
Sectors
- Financials47.7%
- Technology40.4%
- Consumer Discr.6.9%
- Industrials5.1%
Geography
- United States66.12%
- United Kingdom8.89%
- Kazakhstan4.14%
- Singapore3.53%
- Uruguay3.17%
- Israel3.11%
- Italy2.90%
- Japan2.01%
- 6.12%
Developed 65% · Emerging 35%
BPAY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
BPAY$8,245
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BPAY |
|---|---|
| Year to date | −4.3% |
| 1 month | −6.1% |
| 3 months | +5.3% |
| 1 year | −17.5% |
| 3 years | +10.9% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BPAY |
|---|---|---|
| 2026 YTD | −4.3% | |
| 2025 | +8.4% | |
| 2024 | +17.3% | |
| 2023 | +13.2% | |
| 2022 | −16.4% |
BPAY in the news
BPAY Dividends
- 7.08%
- $1.83
- $0.15 per share
- Twice a year
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 15, 2026 | Jun 18, 2026 | $0.15 |
| Dec 16, 2025 | Dec 19, 2025 | $1.68 |
| Jun 16, 2025 | Jun 20, 2025 | $0.08 |
| Dec 17, 2024 | Dec 20, 2024 | $0.07 |
| Jun 11, 2024 | Jun 17, 2024 | $0.06 |
| Dec 20, 2023 | Dec 27, 2023 | $0.19 |
| Jun 7, 2023 | Jun 13, 2023 | $0.08 |
| Dec 13, 2022 | Dec 19, 2022 | $0.04 |
BPAY Risk
- 23.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.37
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −33.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.43
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BPAY Cost
0.66%
BPAY0.66%
- The middle half of Fintech & Payments funds
- Median 0.66%
3 of the 7 Fintech & Payments funds charge less.