This ETN gives investors a simplified way to play the carry trade, a strategy that involves investing in high-yielding currencies with the exposure financed by borrowing in low-yielding currencies. In most environments, the carry trade can be a way to generate positive, non-correlated returns, potentially making ICI an interesting addition to traditional stock and bond portfolios. It should be noted, however, that when the carry trade unwinds investors can face steep losses in a relatively short period of time; ICI is certainly not risk free. DBV is another option out there for investors looking to play the carry trade. Though they share a common investment objective, these two products are actually quite different. In addition to the structural nuances (DBV is an ETF while ICI is an ETN), these products use unique strategies to implement the currency trade, which often leads to significant differentials in exposure to individual currencies.
The adjacent table gives investors an individual Realtime Rating for ICI 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 Category.
This ETF is not currently available for commission free trading on any platforms.
There are 13 other ETFs in the Currency 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 ICI 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.
2014 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1 ) is proprietary to Morningstar and/or its content providers; ( 2 ) may not be copied or distributed; and ( 3 ) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.