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This ETN offers exposure to an index which is comprised of a single exchange traded futures contract, except during the roll period when the index may be comprised of two futures contracts. Unlike many commodity indices which roll their exposure to the next futures contract on a monthly basis in accordance with a pre-determined schedule, the Index may roll into one of a number of futures contracts with varying expiration dates, as selected using the Barclays Capital Pure Beta Series 2 Methodology in order to reduce contango. This particular ETN invests in four different metals which are crucial to the industrial world; copper, aluminum, zinc and nickel. However, it should be noted that the fund is heavy in its exposure to copper which makes up over half of the total assets, and then aluminum, which makes up close to one-third of the total as well. As a result, the fund is likely to be heavily impacted by the return of these two metals suggesting that demand for wiring (copper) and consumer and industrial goods (aluminum) will likely move this fund more than most other trends. For investors seeking other options in the space, there are a few choices such as DBB and BDG. However these products do not try to mitigate contango in the same way that HEVY does so investors in it for the long term are probably better off sticking with this iPath fund.
The adjacent table gives investors an individual Realtime Rating for HEVY 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 Metals 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 3 other ETFs in the Metals 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 HEVY 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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