This ETP offers exposure to a group of energy commodities, including WTI, Brent crude oil, natural gas, RBOB gasoline, and heating oil. Investors seeking more broad-based commodity exposure may prefer funds such as DBC or USCI that include metals and agricultural commodities as well, while those looking to target any one of these specific commodities have resource-specific options available to them as well. Given the relatively narrow focus, UBN probably doesn't have a place in many long-term, buy-and-hold portfolios; this product can be useful for establishing a tactical tilt towards energy commodities. There are several noteworthy aspects of UBN. First, the ETN structure exposes investors to credit risk but allows them to avoid tracking error--which can be a significant issue with certain commodity ETFs. The ETN structure can also translate into certain tax efficiencies, particularly for investors interested in exposure over the long term. It should also be noted that UBN is linked to a futures-based index; as such, this product will not necessarily correspond to changes in the spot prices of the underlying commodities. Investors considering a position in this product should understand the nuances of contango and backwardation, and the impact that these phenomena may have on a commodity ETP. Finally, investors should note the composition of the underlying portfolio, as the mix across various commodities will differ significantly. Other options offering similar exposure may include DBE, which is structured as an ETF. One of the primary advantages of UBN is the cost efficiency.
The adjacent table gives investors an individual Realtime Rating for UBN 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 Oil & Gas 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 4 other ETFs in the Oil & Gas 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.
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 UBN 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.
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.