This product offers inverse leveraged exposure to Japanese government bonds, making JGBD potentially useful for those who believe that this safe haven asset class will decline in value over the short term. Given the explicit leveraged used, this product probably isn't appropriate for those building a buy-and-hold portfolio; it's more useful for sophisticated investors with a short time horizon. There are several features of JGBD that should be considered. First, this product is an ETN, meaning that it is a debt instrument that exposes investors to the credit risk of the issuing institution (but that will avoid tracking error). Second, the index to which this ETN is linked consists not of actual bonds but of futures contracts; that detail may seem minor, but can have a major impact on bottom line returns. Finally, note that the 3x leverage is for a monthly basis; the effective leverage realized may vary depending on when a position is established and sold, and the performance of Japanese bonds. JGBD is probably of little use to most investors, but for those looking to place a big bet against Japanese bonds it can be quite useful. Just be sure you understand before diving in; this is a somewhat complex product.
The adjacent table gives investors an individual Realtime Rating for JGBD 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 Inverse 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 Inverse 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 JGBD 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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