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  • ETF
  • TBX
    Pricing Data
    $27.31
    Change: $0.01 (-0.0%)
    Time: 09/29/16
    Previous Close: $27.32
  • Category
  • Inverse Bonds
Last Updated:

Profile

Vitals

Trading Data

Open: - Volume -
Day Lo - Day Hi -
  • 52 Week Lo: $26.94
  • 52 Week Hi: $29.85
  • AUM: $27.3 M
  • Shares: 1.0 M

Investment Themes

Historical Trading Data

  • 1 Month Avg. Volume: 13,830
  • 3 Month Avg. Volume: 9,703

Alternative ETFs in the Inverse Bonds Category

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Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest
Largest (AUM)
Most Liquid (Volume)
Top YTD Performer

Analyst Report

This inverse ETF offers short exposure to a specific corner of the Treasury market, giving investors with a bearish outlook on government bonds a tool to fine tune their portfolios. Given this focus, TBX probably doesn't make very much sense for any investor building a long-term portfolio; this fund is more useful for those looking to establish a relatively short term position against Treasuries. The daily reset feature of TBX is an important attribute that may have a significant impact on the risk/return profile of this fund. This ETF is designed to offer -100% exposure over a single holding period only; if held for longer or shorter than that time frame, the effective leverage delivered may differ, depending on volatility in markets. That doesn't mean that TBX can't be held for multiple sessions, but simply that investors considering a position should understand the nuances of compounding returns and be willing / able to monitor and potentially rebalance this position. Those seeking to short longer-dated Treasuries may prefer TYBS, while SAGG offers a tool for shorting the broader investment grade bond market (including Treasuries and corporate debt). For those looking to dial up inverse exposure to this slice of the Treasury market, PST can deliver amplified daily returns.

Realtime Rating

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Realtime Rating Summary

The adjacent table gives investors an individual Realtime Rating for TBX 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.

Compare to another ETF

View the Category Report

TBX Overall Realtime Rating:

A+ Overall Rated ETF:

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A- TBF
Expenses C TAPR
Performance
Volatility
Dividend
Concentration

Knowledge Centers

TBX In-Depth Analysis

The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.

TBX Holdings

Filings Data as of: Sep 05, 2016
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Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb Category.

Number of Holdings
Rank:
4
Category Low
Category High
% Assets in Top 10
Rank:
100.41%
Category Low
Category High

TBX Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb Category.

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Expenses Ratio Analysis

ETF Average
0.576%
ETF Wtd. Average
0.26%
Category Average
0.83%
Expense Ratio
Rank:
0.95%
Category Low
Category High

Commission Free Trading

This ETF is not currently available for commission free trading on any platforms.

Category Commission Free Trading

There are 0 other ETFs in the Inverse Bonds ETFdb Category that are also eligible for commission free trading:

  • Ticker Brokerages

TBX Performance

This section shows how this ETF has performed relative to its peer group ETFdb Category.

1 Week Return
Rank:
-0.51%
Category Low
Category High
4 Week Return
Rank:
-0.33%
Category Low
Category High
13 Week Return
Rank:
0.44%
Category Low
Category High
26 Week Return
Rank:
-2.92%
Category Low
Category High
Year to Date Return
Rank:
-7.49%
Category Low
Category High
1 Year Return
Rank:
-6.34%
Category Low
Category High
3 Year Return
Rank:
-17.94%
Category Low
Category High
5 Year Return
Rank:
-21.39%
Category Low
Category High

Charts

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 TBX relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.

TBX Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb Category.

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P/E Ratio
Rank:
No Ranking Available
Category Low
Category High

As of Jun 23 2016

TBX Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb Category.

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Dividend
n/a
Dividend Date
n/a
Annual Dividend Rate
n/a
Annual Dividend Yield
Rank:
No Ranking Available
Category Low
Category High

As of Jun 23, 2016

TBX Technicals

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Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb Category.

5 Day Volatility
Rank:
16.80%
Category Low
Category High
20 Day Volatility
Rank:
4.99%
Category Low
Category High
50 Day Volatility
Rank:
5.35%
Category Low
Category High
200 Day Volatility
Rank:
6.16%
Category Low
Category High
Beta
Rank:
0.5
Category Low
Category High
Standard Deviation
Rank:
0.79%
Category Low
Category High

Technicals

  • 20 Day MA: $27.47
  • 60 Day MA: $27.39
  • MACD 15 Period: -0.19
  • MACD 100 Period: -0.23
  • Williams % Range 10 Day: 82.93
  • Williams % Range 20 Day: 86.27
  • RSI 10 Day: 38
  • RSI 20 Day: 45
  • RSI 30 Day: 46
  • Ultimate Oscillator: 39

Bollinger Brands

  • Lower Bollinger (10 Day): $27.20
  • Upper Bollinger (10 Day): $27.70
  • Lower Bollinger (20 Day): $27.24
  • Upper Bollinger (20 Day): $27.71
  • Lower Bollinger (30 Day): $27.24
  • Upper Bollinger (30 Day): $27.66

Support & Resistance

  • Support Level 1: $27.27
  • Support Level 2: $27.24
  • Resistance Level 1: $27.37
  • Resistance Level 2: $27.44

Stochastic

  • Stochastic Oscillator %D (1 Day): 53.51
  • Stochastic Oscillator %D (5 Day): 26.45
  • Stochastic Oscillator %K (1 Day): 59.68
  • Stochastic Oscillator %K (5 Day): 27.14

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

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.