This ETN offers a way for investors to bet on the performance of the British pound relative to the U.S. dollar, and as such may be a useful tool in a number of different ways. While GBB might not offer the volatility short-term speculators seek, it can be an efficient way to hedge existing exposure or bet on a longer-term movement in the pound. As with any currency product, it's important to understand the ramifications of the structure on the risk/return profile. As an ETN, GBB is a debt instrument that exposes investors to credit risk and will be subject to unique tax treatment. However, the ETN structure also eliminated tracking error. Because the underlying index is simply the exchange rate (as opposed to an index comprised of forward contracts), GBB can be thought of as a "pure play" on the British pound.
The adjacent table gives investors an individual Realtime Rating for GBB 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 not currently available for commission free trading on any platforms.
There are 13 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.
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 GBB 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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