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Launched

iShares FinTech Active ETF

BPAYNYSE ArcaiSharesC

$24.91+0.79 (+3.27%)

As of Nov 9, 2026, 3:43 PM ET

C51/ 100

Rank 2 of 7 in Fintech & Payments

C51/100Rank 2 of 7inFintech & Payments
Intraday session: up, 73 prints from 24.12 to 24.91. Range 24.41 to 24.91. Use the arrow keys to read each point.24.4024.6024.8010 AM12 PM2 PM4 PM
Expense ratio
0.55%*
Fund size
$9M
1Y total return
−11.1%
Yield · Last 12 months
7.49%
Holdings
43
Avg volume · 30D
2.52K sh
52W range
low $21.33high $30.27
Launched

*After a fee waiver that ends Jun 30, 2027. Without it: 0.66%.

The ETF.net BPAY Grade

Based on 5 of 6 pillars

C

Score 51 out of 100

Category
Fintech & Payments⁠
Rank
2 of 7
Six-pillar profile for BPAY. Scores out of 100: Cost 51, Risk 41, Mission not scored, Tradability 51, Holdings 70, Durability 49. Strongest: Holdings (70). Weakest: Risk (41). Based on 5 of 6 pillars.

Score 51 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C51 out of 100
    Rank 4 of 7

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C41 out of 100
    Rank 5 of 7

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C51 out of 100
    Rank 3 of 7

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A70 out of 100
    Rank 2 of 7

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C49 out of 100
    Rank 5 of 7

Our read on BPAY

ETF.net Research

In short

CBlackRock's stock-picker take on fintech: no index, roughly 40 hand-picked names across payments, banking, insurance and software, for 0.55% net of a waiver through June 30, 2027.

Stated mandate

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

  • Actively run with no index behind it, so the managers can add a newly listed fintech or trim a holding when they choose rather than waiting on a rebalance calendar.ishares.com
  • 0.55% net of a waiver through June 30, 2027 (0.66% gross) sits near the category median and under index peers FINX at 0.68% and IPAY at 0.75%.
  • Reads fintech broadly: payments, banking, insurance and software, worldwide, rather than a short list of US card networks.ishares.com
  • In a fintech group of only seven funds, this one lands in the upper half of our review, with its portfolio build the clearest strength.

Worth knowing

  • One of the smaller, lightly traded funds in the category, so spreads can run wider than on the headline fintech names.
  • Non-diversified by design: with roughly 40 positions, one holding going wrong moves the fund more than it would a broad index.ishares.com
  • The 0.55% is after a waiver; if that waiver lapses following June 30, 2027, the cost reverts toward the 0.66% gross figure.

BPAY Performance

Launched Aug 16, 2022

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
BPAY$8,891
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,088
Nov 6, 2025 to Nov 6, 2026. BPAY $8,891. SPY $11,088. Use the arrow keys to read each point.$8,000$10,000$12,000Nov 2025May 2026Nov 2026

Nov 6, 2025 – Nov 6, 2026

Returns run to the Nov 6, 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.

Trailing total return for BPAY. Periods over one year show the average yearly return.
PeriodBPAY
Year to date−9.6%
1 month−2.1%
3 months−10.6%
1 year−11.1%
3 yearsper year+11.0%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BPAY
YearReturn barBPAY
2026 YTD−9.6%
2025+8.4%
2024+17.3%
2023+13.2%
2022−16.4%

History from Aug 18, 2022

BPAY in the news

BPAY Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 6, 2026.
7.49%Last 12 months
Payout per share
$1.83Last 12 months
Last payment
$0.15 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2022–2026

One bar per payment. 8 payments from 2022 to 2026 YTD. Dec 13, 2022 $0.04; Jun 7, 2023 $0.08; Dec 20, 2023 $0.19; Jun 11, 2024 $0.06; Dec 17, 2024 $0.07; Jun 16, 2025 $0.08; Dec 16, 2025 $1.68; Jun 15, 2026 $0.15. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Jun 15, 2026Jun 18, 2026$0.15
Dec 16, 2025Dec 19, 2025$1.68
Jun 16, 2025Jun 20, 2025$0.08
Dec 17, 2024Dec 20, 2024$0.07
Jun 11, 2024Jun 17, 2024$0.06
Dec 20, 2023Dec 27, 2023$0.19
Jun 7, 2023Jun 13, 2023$0.08
Dec 13, 2022Dec 19, 2022$0.04

$10,000 in BPAY 3 years ago paid $1,137 in dividends.

BPAY Risk

Risk pillarC41 out of 100Rank 5 of 7 in Fintech & Payments
How much the fund’s monthly returns vary, scaled to a year.
23.2%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.42
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−33.7%
50 months · trough Mar 2026
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.

How strongly the fund’s returns move with its asset-class index.
1.43
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

BPAY Cost

Compare BPAY and LATR

Overpaying vs LATR, tied cheapest in Fintech & Payments

$3,778

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BPAY 0.55%

    $10,904

  • LATR 0.35% Tied cheapest

    $7,126

$10,000
30 years

Cost over time

  • BPAY 0.55%
  • LATR 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530BPAY $10,904LATR $7,126

Year by year

YearBPAYLATROverpaying
10$988$634$354
20$3,790$2,454$1,336
30$10,904$7,126$3,778
How the 0.55% is worked out

Full fee 0.66%− waiver 0.11%= you pay 0.55%

The waiver ends Jun 30, 2027. After that the fee is 0.66% unless iShares renews it. Source: prospectus, Dec 2025.

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