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This leveraged ETF is designed to amplify exposure to investment grade corporate bonds, an asset class that falls between Treasuries and junk bonds along the risk/return spectrum. Given the risk inherent in any leveraged ETF, IGU isn't appropriate for any investor building a long-term portfolio that can be monitored irregularly; those seeking non-leveraged exposure to this asset class have a number of choices in the Corporate Bonds ETFdb Category, including products such as LQD and CBND. This product can be very useful for investors looking to make a shorter-term bet on this corner of the investment grade bond market and willing to take on a fair amount of risk in the process. Investors should be aware of the daily reset feature in IGU; this product is designed to deliver 200% exposure to the related index over a single holding period only; the effective leverage when held for longer or shorter than one day may vary from this target multiple. That doesn't mean that IGU can't be held for multiple sessions; this fund can be a very useful tool for those looking to be on investment grade debt over the long run, but investors should have a firm grasp on the ramifications of daily resets and the nuances of compounding returns.
The adjacent table gives investors an individual Realtime Rating for IGU 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 Leveraged Bonds 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 0 other ETFs in the Leveraged Bonds 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 IGU 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.
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