|Day Lo||-||Day Hi||-|
This ETF offers exposure to covered bonds, a corner of the fixed income market that is often times overlooked but may offer an appealing risk/return profile for more conservative investors looking to round out their portfolio’s fixed income component. Covered bonds are a subset of corporate bonds issued by financial institutions, the distinguishing factor being that these bonds are secured by a separate basket of securities known as a “cover pool”. The cover pool generally consists of mortgages and public sector loans, and is used to support claims of covered bondholders in the event that the bank defaults on its obligations. Covered bonds are generally considered to be some of the safest fixed income securities available given the presence of a cover pool. As such, COBO may appeal to investors seeking low risk positions in the fixed income market, and willing to accept relatively low returns.
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.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 Category.
|Cash And Equivalents||0.36%|
|Agency Mortgage Backed||0.0%|
|Commercial Mortgage Backed||0.0%|
|Non Agency Residential Mortgage Backed||0.0%|
|US Municipal Tax Advantaged||0.0%|
|0% to 1%||0.0%|
|1% to 2%||59.31%|
|2% to 3%||19.3%|
|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%|
|Less Than 1 Year||0.0%|
This ETF is not currently available for commission free trading on any platforms.
There are 3 other ETFs in the Mortgage Backed Securities ETFdb Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb 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 COBO 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 Category.
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