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  • ETF
  • BSCH
    Pricing Data
    $22.76
    Change: $0.01 (-0.0%)
    Time: 06/24/16
    Previous Close: $22.77
  • Category
  • Corporate Bonds
Last Updated:

Profile

Vitals

Trading Data

Open: - Volume -
Day Lo - Day Hi -
  • 52 Week Lo: $21.48
  • 52 Week Hi: $22.80
  • AUM: $933.0 M
  • Shares: 41.1 M

Investment Themes

Historical Trading Data

  • 1 Month Avg. Volume: 169,539
  • 3 Month Avg. Volume: 182,678

Alternative ETFs in the Corporate Bonds Category

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Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest
Largest (AUM)
Most Liquid (Volume)
Top YTD Performer

Analyst Report

This ETF is part of a suite of "BulletShares" products from Guggenheim; these products are somewhat unique in the bond ETF universe in that each delivers targeted exposure to a very narrow segment of the fixed income universe (in the case of BSCH, investment grade corporate bonds maturing in 2017). This specialized focus makes BSCH more precise than the majority of bond ETFs (including both investment grade corporate and other types of bond ETFs) that generally hold securities maturing within a certain number of years (such as 7-10 year Treasuries or 1-3 year corporate bonds). These bond ETFs generally intend to remain open forever; instead of holding bonds to maturity and distributing the proceeds, they sell debt securities when they no longer are within the relevant "maturity window," and reinvest the proceeds in other debt instruments. As a result, traditional bond ETFs (not the BulletShares ETFs) maintain a similar duration and interest rate risk across time. BSCH is unique in that this fund maintains a target maturity date, and will eventually close down after the underlying bonds hit maturity and the proceeds have been distributed to shareholders (BSCH's portfolio will gradually convert to cash as 2017 nears and the component bonds begin to repay their principal). As a result of this "bullet" structure, this fund will deliver a "yield experience" that is generally similar to holding an individual bond; investors in BSCH will receive regular coupon payments (just like any bond ETF), but will also receive repayments of principal when the bonds that make up the portfolio reach maturity. Unlike holding a single bond, however, BSCH provides diversification across various debt issuers--which can obviously help to reduce overall risk. The "BulletShares" approach, which is generally simple and straightforward, may be appealing to a wide range of investors. The methodology gives investors tools to fine tune the risk/return profile of a fixed income portfolio, and can be a useful in planning sources of funding for future liabilities. The predictable cash flow profile and risk trajectory (interest rate risk declines as time passes) have potential uses for all types of investors, ranging from pension funds planning for a major payment down the road to a family intending to pay for multiple college educations years down the road. The target maturity date structure may have other benefits as well; these products may avoid the undesirable return erosion that may adversely impact bond ETFs (resulting from minimum maturity rules) and front-running opportunities (resulting from predictable buying and selling patterns). BSCH isn't useful for all investors, and likely won't be used as a core holding in any long-term, buy-and-hold portfolio. Those looking for a low maintenance approach to fixed income exposure or those interested in maintaining stable interest rate risk across time may prefer bond funds that avoid holding securities to maturity (such as LQD). But for those looking fine tune fixed income portfolios and manage future liabilities, BSCH and the other BulletShares products may be very useful instruments.

Realtime Rating

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Realtime Rating Summary

The adjacent table gives investors an individual Realtime Rating for BSCH 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 Corporate 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.

Compare to another ETF

View the Category Report

BSCH Overall Realtime Rating:

A+ Overall Rated ETF:

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A LQD
Expenses C+ IBDB
Performance
Volatility
Dividend
Concentration

Knowledge Centers

BSCH In-Depth Analysis

The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.

BSCH Holdings

Filings Data as of: Jun 02, 2016
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Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb Category.

Number of Holdings
Rank:
317
Category Low
Category High
% Assets in Top 10
Rank:
9.64%
Category Low
Category High

Asset Allocation

Asset Percentage
U.S. Stocks 0.0%
International Stocks 0.0%
U.S. Bonds 48.71%
International Bonds 10.65%
Preferred Stock 0.0%
Convertibles 0.0%
Cash 40.64%
Other 0.0%

Bond Sector Breakdown

Bond Sector Percentage
Treasury 0.0%
TIPS 0.0%
U.S. Agency 0.0%
MBS 0.0%
U.S. Corporate 0.0%
Asset-Backed 0.0%
Convertible 0.0%
Muni 0.0%
Foreign Government 0.0%
Foreign Corporate 0.0%
Other 100.0%

Bond Detailed Sector Breakdown

Bond Sector Percentage
Corporate Bond 59.36%
Cash And Equivalents 40.64%
Agency Mortgage Backed 0.0%
Future Forward 0.0%
Asset Backed 0.0%
Covered Bond 0.0%
Commercial Mortgage Backed 0.0%
Non Agency Residential Mortgage Backed 0.0%
Sector Swap 0.0%
Preferred 0.0%
Option Warrant 0.0%
Convertible 0.0%
Bank Loan 0.0%
US Municipal Tax Advantaged 0.0%
Municipal Taxable 0.0%
Government Related 0.0%
Government 0.0%

Coupon Breakdown

Coupon Range Percentage
0% to 1% 1.55%
1% to 2% 29.78%
2% to 3% 3.87%
3% to 4% 0.41%
4% to 5% 0.84%
5% to 6% 14.29%
6% to 7% 8.21%
7% to 8% 0.18%
8% to 9% 0.23%
9% to 10% 0.0%
Greater Than 10% 0.0%

Credit Quality

Credit Percentage

Maturity Breakdown

Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 59.08%
3-5 Years 0.0%
5-7 Years 0.28%
7-10 Years 0.0%
10-15 Years 0.0%
15-20 Years 0.0%
20-30 Years 0.0%
30+ Years 0.0%

BSCH Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb Category.

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Expenses Ratio Analysis

ETF Average
0.578%
ETF Wtd. Average
0.26%
Category Average
0.25%
Expense Ratio
Rank:
0.25%
Category Low
Category High

Commission Free Trading

This ETF is currently available for commission free trading on the following platforms: (Charles Schwab)

Category Commission Free Trading

There are 22 other ETFs in the Corporate Bonds ETFdb Category that are also eligible for commission free trading:

BSCH Performance

This section shows how this ETF has performed relative to its peer group ETFdb Category.

1 Week Return
Rank:
-0.04%
Category Low
Category High
4 Week Return
Rank:
0.19%
Category Low
Category High
13 Week Return
Rank:
1.17%
Category Low
Category High
26 Week Return
Rank:
1.51%
Category Low
Category High
Year to Date Return
Rank:
1.61%
Category Low
Category High
1 Year Return
Rank:
1.49%
Category Low
Category High
3 Year Return
Rank:
6.98%
Category Low
Category High
5 Year Return
Rank:
16.85%
Category Low
Category High

Charts

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 BSCH relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.

BSCH Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb Category.

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P/E Ratio
Rank:
No Ranking Available
Category Low
Category High

As of May 22 2016

BSCH Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb Category.

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Dividend
$0.03
Dividend Date
2016-06-01
Annual Dividend Rate
$0.31
Annual Dividend Yield
Rank:
1.36%
Category Low
Category High

As of May 22, 2016

BSCH Technicals

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Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb Category.

5 Day Volatility
Rank:
4.47%
Category Low
Category High
20 Day Volatility
Rank:
1.25%
Category Low
Category High
50 Day Volatility
Rank:
1.13%
Category Low
Category High
200 Day Volatility
Rank:
1.38%
Category Low
Category High
Beta
Rank:
-0.09
Category Low
Category High
Standard Deviation
Rank:
0.10%
Category Low
Category High

Technicals

  • 20 Day MA: $22.75
  • 60 Day MA: $22.69
  • MACD 15 Period: n/a
  • MACD 100 Period: 0.15
  • Williams % Range 10 Day: 44.44
  • Williams % Range 20 Day: 33.33
  • RSI 10 Day: 54
  • RSI 20 Day: 58
  • RSI 30 Day: 59
  • Ultimate Oscillator: 59

Bollinger Brands

  • Lower Bollinger (10 Day): $22.75
  • Upper Bollinger (10 Day): $22.78
  • Lower Bollinger (20 Day): $22.71
  • Upper Bollinger (20 Day): $22.79
  • Lower Bollinger (30 Day): $22.69
  • Upper Bollinger (30 Day): $22.78

Support & Resistance

  • Support Level 1: $22.72
  • Support Level 2: $22.68
  • Resistance Level 1: $22.79
  • Resistance Level 2: $22.82

Stochastic

  • Stochastic Oscillator %D (1 Day): 63.10
  • Stochastic Oscillator %D (5 Day): 58.53
  • Stochastic Oscillator %K (1 Day): 53.24
  • Stochastic Oscillator %K (5 Day): 51.10

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

2014 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1 ) is proprietary to Morningstar and/or its content providers; ( 2 ) may not be copied or distributed; and ( 3 ) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.