|Day Lo||-||Day Hi||-|
This ETF is one of many options for achieving exposure to investment grade corporate bonds, but utilizes an approach that differs from many of the funds that access this asset class. CBND can be a useful tool in a number of different ways. Investment grade corporate bonds may be useful tools for enhancing fixed income returns without taking on excessive risk, as this asset class generally delivers greater yields than low risk Treasuries. A position in CBND may be a nice complement to ETFs such as AGG or BND that are tilted heavily towards Treasuries. This fund probably is more appealing to investors building a portfolio for the long run, but may be used in implementing certain tactical tilts as well. CBND is different from most of the other funds in the Corporate Bonds ETFdb Category because of the nature of the underlying index. While most fixed income benchmarks give larger weightings to the biggest debt issuers, CBND utilizes fundamental factors (ROA, interest coverage, and current ratio) to determine the weight afforded to each debt issuer. This strategy should favor debt issued by companies with stronger balance sheets and lower risk of default, and has obvious appeal as a more rational approach to fixed income exposure. CBND's weighting methodology may seem complex, but is actually relatively straightforward and makes a lot more sense than the strategies employed by most bond funds. This ETF should be viewed as an alternative to funds such as LQD, and may be an opportunity to enhance the risk/return profile of a fixed income portfolio.
The adjacent table gives investors an individual Realtime Rating for CBND 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.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.
|Corporate Senior Note||89.07%|
|Corporate Senior Debenture||2.2%|
|Corporate Senior Subordinated Note||1.72%|
|Corporate First Mortgage Bond||1.43%|
|Corporate Senior Bank Note||1.26%|
|Corporate Subordinated Note||0.96%|
|Corporate Junior Subordinated Note||0.74%|
|Corporate Bank Note||0.52%|
|Corporate Senior Subordinated Debenture||0.27%|
|Corporate Mortgage Bond||0.13%|
|Corporate First Mortgage Note||0.07%|
|Corporate Unsecured Note||0.03%|
|0% to 1%||0.0%|
|1% to 2%||2.37%|
|2% to 3%||20.6%|
|3% to 4%||31.22%|
|4% to 5%||29.56%|
|5% to 6%||11.21%|
|6% to 7%||3.45%|
|7% to 8%||1.01%|
|8% to 9%||0.54%|
|9% to 10%||0.04%|
|Greater Than 10%||0.0%|
|Less Than 1 Year||1.68%|
This ETF is currently available for commission free trading on the following platforms: (Charles Schwab)
There are 14 other ETFs in the Corporate 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.
This section compares the fund flows of this ETF to peers in the same 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 CBND 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.