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This leveraged ETF is designed to amplify daily exposure to U.S. Treasuries with between three and seven years to maturity, making it one of the more precise tools in the ETF lineup. Given the daily reset feature and risks inherent in leveraged products, TBZ probably doesn't make much sense for those with an extended time horizon, and as such shouldn't be included in any long-term, buy-and-hold portfolios. TBZ will be much more useful to those looking to establish a tactical short position on the short end of the Treasury curve, and may also be used as a component in a variety of complex, shorter-term investment strategies. Investors considering a position in TBZ should be aware of the daily reset feature; TBZ is designed to deliver -200% exposure to the target index over a single trading session only. When held for longer or shorter than one day, performance can be impacted by the nuances of compounding returns--which may work for or against investors. TBZ can be an effective tool for investors looking to hold for multiple sessions; those who understand the complexities associated with daily resets and compounding returns and are willing to monitor the position regularly may hold this leveraged ETF for an extended period of time. Those seeking to leverage up inverse exposure to longer-dated Treasuries may prefer TYO, PST, TMF, or TBF.
The adjacent table gives investors an individual Realtime Rating for TBZ 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.com Category.
This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.
This ETF is not currently available for commission free trading on any platforms.
There are 0 other ETFs in the Leveraged Bonds 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 TBZ 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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