This exchange-traded note offers exposure to a broad basket of commodities through futures, including those linked to energy resources, livestock and agricultural, and precious and industrial metals. As such, SBV is one of many ETPs in the Commodities ETFdb Category that has the potential to bring diversification and return enhancement benefits to traditional stock-and-bond portfolios; this ETN may be appealing as either a component of a long-term portfolio or as a shorter-term tactical allocation for investors looking to make a bet on natural resources. The commodity ETP space is crowded, and there are a few elements of SBV that make it unique. First, SBV is an ETN, meaning that investors are exposed to the credit risk of the issuing institution, but will be able to avoid tracking error (which can pop up when futures contracts are rolled in commodity ETFs). The ETN structure may also have some favorable tax treatments relative to ETFs, especially for investors in it for the long run. It should also be noted that this ETN is linked to an index comprised of futures contracts, and as such may not correspond to movements in spot prices for the underlying resources. Unlike many commodity ETPs, SBV does not roll exposure on a predetermined schedule; the roll timing is based on a proprietary methodology designed to reduce the impact of contango or backwardation on returns. If you find the Pure Beta methodology to be sound, SBV may be more appealing to investors looking to establish exposure to commodities over the long term. Finally, consider that SBV makes a big allocation to energy commodities such as oil and natural gas; those seeking more balanced exposure might want to consider DBC and USCI (both ETFs) or the very cost efficient DJCI (an ETN). Be sure to take a look under the hood and examine the allocation across the various types of commodities; this mix can vary from ETP to ETP, and potentially have a big impact on risk and returns.
The adjacent table gives investors an individual Realtime Rating for SBV 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 Commodities 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 15 other ETFs in the Commodities 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 SBV 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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