CYB offers a way for investors to gain exposure to the value of the Chinese currency, and as such has a number of potential uses. CYB can be a safe haven that provides diversification from the U.S. dollar, or can be a longer-term holding that allows investors to benefit if the Chinese yuan is ultimately allowed to float freely and gains ground against the greenback. The structure of CYB is noteworthy; whereas many currency ETPs are structured as grantor trusts or ETNs, CYB is a true, actively-managed 1940 Act ETF. That may provide favorable tax treatment for those seeking long-term exposure, and can have the added benefit of enhanced diversification. Investors interested in yuan exposure should take a closer look at the securities CYB uses to accomplish its objective, and understand the potential limitations the strategy may impose.
The adjacent table gives investors an individual Realtime Rating for CYB 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 Currency 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 ETF is currently available for commission free trading on the following platforms: (E*TRADE)
There are 4 other ETFs in the Currency 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 CYB 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.