COBO USD Covered Bond

  • ETF
  • COBO
  • Category
  • Mortgage Backed Securities
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Investment Themes

Alternative ETFs in the Mortgage Backed Securities Category

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

Description

The index seeks to track the performance of U.S. dollar-denominated Covered Bonds that are generally rated AAA (or its equivalent). Covered Bonds are debt instruments issued by a financial institution that are secured by a segregated pool of financial assets, typically mortgages or public-sector loans.

Realtime Rating

Realtime Rating

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Realtime Rating Summary

COBO is a passive ETF that seeks to replicate BNP Paribas Diversified USD Covered Bond Index. The index seeks to track the performance of U.S. dollar-denominated Covered Bonds that are generally rated AAA (or its equivalent). Covered Bonds are debt instruments issued by a financial institution that are secured by a segregated pool of financial assets, typically mortgages or public-sector loans.

The adjacent table gives investors an individual Realtime Rating for COBO 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 Mortgage Backed Securities 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.

COBO Overall Realtime Rating:

A+ Overall Rated ETF:

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B- MBB
Expenses C+ VMBS
Performance
Volatility
Dividend
Concentration

Knowledge Center

COBO 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.

Holdings

COBO Holdings

Filings Data as of: Feb 02, 2016
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Top Ten Holdings

  1. Westpac Bkg Corp 144a 144A 1.85%
    6.76%
  2. Westpac Bkg Corp 144a 144A FRN
    5.33%
  3. Royal Bk Cda 2%
    5.09%
  4. Stadshypotek Ab 144a 144A 1.25%
    4.86%
  5. Sparebank 1 Boligkreditt 144a 144A FRN
    4.86%
  6. Bank of Nova Scotia FRN
    4.65%
  7. Royal Bk Cda 2.2%
    4.62%
  8. Commonwealth Bk Australia 14 144A 1.875%
    4.60%
  9. Barclays Bk Plc 144a 144A 2.25%
    4.59%
  10. Natl Australia Bk Ltd144a 144A FRN
    4.57%

Concentration Analysis

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

Number of Holdings
Rank:
26
Category Low
Category High
% Assets in Top 10
Rank:
49.93%
Category Low
Category High

Asset Allocation

Asset Percentage
U.S. Stocks 0.0%
International Stocks 0.0%
U.S. Bonds 0.0%
International Bonds 99.78%
Preferred Stock 0.0%
Convertibles 0.0%
Cash 0.22%
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 99.78%
Cash And Equivalents 0.22%
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% 0.0%
1% to 2% 55.14%
2% to 3% 27.53%
3% to 4% 0.0%
4% to 5% 0.0%
5% to 6% 0.0%
6% to 7% 0.0%
7% to 8% 0.0%
8% to 9% 0.0%
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 39.45%
3-5 Years 36.74%
5-7 Years 23.6%
7-10 Years 0.0%
10-15 Years 0.0%
15-20 Years 0.0%
20-30 Years 0.0%
30+ Years 0.0%
Expense

COBO 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

Expense Ratio
Rank:
0.35%
Category Low
Category High

Commission Free Trading

This ETF is not currently available for commission free trading on any platforms.

Category Commission Free Trading

There are 3 other ETFs in the Mortgage Backed Securities ETFdb Category that are also eligible for commission free trading:

Performance

COBO Performance

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

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1 Week Return
Rank:
No Ranking Available
Category Low
Category High
4 Week Return
Rank:
0.90%
Category Low
Category High
13 Week Return
Rank:
-0.46%
Category Low
Category High
26 Week Return
Rank:
1.48%
Category Low
Category High
Year to Date Return
Rank:
1.31%
Category Low
Category High
1 Year Return
Rank:
0.51%
Category Low
Category High
3 Year Return
Rank:
1.11%
Category Low
Category High
5 Year Return
Rank:
No Ranking Available
Category Low
Category High
Charts

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

Valuation

COBO 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 Feb 12, 2016

Dividend

COBO Dividend

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

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Annual Dividend Yield
Rank:
1.38%
Category Low
Category High

As of Feb 12, 2016

Technicals

COBO 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:
19.03%
Category Low
Category High
20 Day Volatility
Rank:
9.90%
Category Low
Category High
50 Day Volatility
Rank:
10.72%
Category Low
Category High
200 Day Volatility
Rank:
12.74%
Category Low
Category High
Beta
Rank:
-0.54
Category Low
Category High
Standard Deviation
Rank:
0.96%
Category Low
Category High

Technicals

  • 20 Day MA: $99.51
  • 60 Day MA: $99.27
  • MACD 15 Period: -0.21
  • MACD 100 Period: 0.75
  • Williams % Range 10 Day: 87.77
  • Williams % Range 20 Day: 49.84
  • RSI 10 Day: 49
  • RSI 20 Day: 52
  • RSI 30 Day: 52
  • Ultimate Oscillator: 35

Bollinger Bands

  • Lower Bollinger (10 Day): $99.24
  • Upper Bollinger (10 Day): $101.46
  • Lower Bollinger (20 Day): $97.49
  • Upper Bollinger (20 Day): $101.45
  • Lower Bollinger (30 Day): $97.15
  • Upper Bollinger (30 Day): $101.16

Support & Resistance

  • Support Level 1: n/a
  • Support Level 2: $99.69
  • Resistance Level 1: n/a
  • Resistance Level 2: $99.69

Stochastic

  • Stochastic Oscillator %D (1 Day): 53.50
  • Stochastic Oscillator %D (5 Day): 18.97
  • Stochastic Oscillator %K (1 Day): 56.13
  • Stochastic Oscillator %K (5 Day): 42.73
Fact Sheet

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.