This ETF tracks the Agency segment of the U.S. bond market, offering exposure to notes issued by organizations such as the FDIC, Fannie Mae, and Freddie Mac. These notes tend to be very short term in nature and the fund has an average weighted maturity of less than four years. The good thing about this product is that since agencies still operate in a grey area in terms of federal government gurantees, they often pay a higher interest rate than comparable government bonds. However, many of the agencies are pretty much unsustainable over the long haul and the federal government may at some point have to remove the guranatee and allow the agencies to float freely without government support. Due to this risk, I believe agencies aren't really worth your time but for investors that aren't concerned about this and are looking for a higher yield than Treasuries without the risks of corporates, AGZ makes for a cost efficient pick.
The adjacent table gives investors an individual Realtime Rating for AGZ on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Government Bonds with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb.com Category.
This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.
|Agency Unsecured Note||32.66%|
|Agency Subordinated Note||9.29%|
|Government/Treasury Senior Note||8.22%|
|Agency Principal only||3.6%|
|Corporate Secured Note||1.83%|
|Agency Senior Note||1.36%|
|Central Bank Senior Note||0.8%|
|Corporate Senior Note||0.32%|
|Government/Treasury Unsecured Note||0.06%|
|0% to 1%||22.97%|
|1% to 2%||45.26%|
|2% to 3%||3.43%|
|3% to 4%||1.97%|
|4% to 5%||2.27%|
|5% to 6%||11.71%|
|6% to 7%||6.04%|
|7% to 8%||3.1%|
|8% to 9%||1.15%|
|9% to 10%||1.21%|
|Greater Than 10%||0.89%|
|Less Than 1 Year||4.88%|
This ETF is currently available for commission free trading on the following platforms: (Fidelity)
There are 13 other ETFs in the Government Bonds ETFdb.com Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb.com Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of AGZ relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.
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