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This exchange-traded note offers exposure to a basket of agricultural commodities, including corn, soybeans, sugar, coffee, cotton, and others. As such, the cleverly-named DIRT is one of several options available for investors who believe that food prices will rise higher; agricultural commodities can also be effective tools to hedge against broad inflation. While there are several ETPs offering similar exposure, several nuances make DIRT unique. First, it should be noted that DIRT is an ETN, meaning that investors are exposed to the credit risk of the issuing institution but will be able to avoid tracking error (which can be a significant issue in many commodity ETPs). The ETN structure may also have some favorable tax features relative to ETFs, especially for investors who intend to establish a position for more than a year. Also noteworthy is the roll frequency of the underlying index; DIRT offers exposure to futures contracts, and as such may not correspond to movements in spot prices for the underlying resources. Unlike many commodity ETPs, DIRT does not roll exposure on a predetermined schedule; the roll timing is based on a proprietary methodology designed to reduce the impact of contango or backwardation on returns. This feature, which is conceptually similar to the strategy behind DBA (a popular ag ETF) may make DIRT more appealing to investors looking to establish a position over the long term. Those looking for a short-term trading vehicle probably will be better served by a fund like JJA that focuses on shorter maturity futures contracts.
The adjacent table gives investors an individual Realtime Rating for DIRT 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 Agricultural Commodities 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 not currently available for commission free trading on any platforms.
There are 10 other ETFs in the Agricultural Commodities 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 DIRT 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.
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