XOVR SPDR BofA Merrill Lynch Crossover Corporate Bond ETF

  • ETF
  • XOVR
  • Category
  • High Yield Bonds
Share
Last Updated:

XOVR - Profile

Vitals

Investment Themes

Alternative ETFs in the High Yield Bonds Category

Sign Up for Pro to Unlock Data Sign Up
Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest
Largest (AUM)
Most Liquid (Volume)
Top YTD Performer

Description

This index is designed to measure the performance of US dollar denominated BBB and BB corporate debt publicly issued in the US domestic market. “Crossover” corporate debt generally means corporate debt rated at levels where the lower end of investment grade debt and the higher end of high yield debt meet. Qualifying securities must be rated BBB1 through BB3, inclusive (based on an average of Moody's Investors Services, Inc. Fitch, or Standard & Poor's, Inc.. Qualifying corporate issuers must have a primary risk exposure to an FX G10 or Western European country, or a territory of the US or a Western European country.

Realtime Rating

XOVR - Realtime Rating

Sign Up for Pro to Unlock Data Sign Up

Realtime Rating Summary

XOVR is a passive ETF that seeks to replicate BofA Merrill Lynch US Diversified Crossover Corporate Index. This index is designed to measure the performance of US dollar denominated BBB and BB corporate debt publicly issued in the US domestic market. “Crossover” corporate debt generally means corporate debt rated at levels where the lower end of investment grade debt and the higher end of high yield debt meet. Qualifying securities must be rated BBB1 through BB3, inclusive (based on an average of Moody's Investors Services, Inc. Fitch, or Standard & Poor's, Inc.. Qualifying corporate issuers must have a primary risk exposure to an FX G10 or Western European country, or a territory of the US or a Western European country.

The adjacent table gives investors an individual Realtime Rating for XOVR 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 High Yield 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.

XOVR Overall Realtime Rating:

A+ Overall Rated ETF:

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity C+ n/a
Expenses A n/a
Performance
Volatility
Dividend
Concentration

Knowledge Center

Sector ETFs

Alternative ETFs

Vanguard Center

Emerging Market ETFs

MLP Center

Leveraged ETFs

XOVR In-Depth Analysis

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

Holdings

XOVR - Holdings

Filings Data as of: May 04, 2015
Sign Up for Pro to Unlock Data Sign Up

Top Ten Holdings

  1. Transocean 2.5%
    0.54%
  2. Sallie Mae 8%
    0.50%
  3. Royal Bk Of Scotland 6.125%
    0.49%
  4. Sallie Mae 6%
    0.47%
  5. Dish Dbs 4.25%
    0.45%
  6. At&T 2.375%
    0.45%
  7. Ally Finl 2.75%
    0.44%
  8. Gmac 8%
    0.42%
  9. T Mobile Usa 6.25%
    0.41%
  10. Verizon Comms 5.15%
    0.38%

Concentration Analysis

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

Number of Holdings
XOVR Rank:
XOVR 772
Category Low
Category High
% Assets in Top 10
XOVR Rank:
XOVR 4.55%
Category Low
Category High

XOVR Asset Allocation

Asset Percentage
U.S. Stocks 0.0%
International Stocks 0.0%
U.S. Bonds 80.73%
International Bonds 14.74%
Preferred Stock 0.07%
Convertibles 0.0%
Cash 4.46%
Other 0.0%

XOVR Bond Sector Breakdown

Bond Sector Percentage
Treasury 0.0%
TIPS 0.0%
U.S. Agency 0.0%
MBS 0.0%
U.S. Corporate 0.0%
Asset-Backed 0.0%
Convertible 0.0%
Muni 0.0%
Foreign Government 0.0%
Foreign Corporate 0.0%
Other 100.0%

XOVR Bond Detailed Sector Breakdown

Bond Sector Percentage
Corporate Bond 92.32%
Cash And Equivalents 4.46%
Government 2.62%
Convertible 0.35%
Commercial Mortgage Backed 0.24%
Agency Mortgage Backed 0.0%
Asset Backed 0.0%
Non Agency Residential Mortgage Backed 0.0%
Covered Bond 0.0%
Preferred 0.0%
Sector Swap 0.0%
Future Forward 0.0%
Bank Loan 0.0%
US Municipal Tax Advantaged 0.0%
Municipal Taxable 0.0%
Government Related 0.0%
Option Warrant 0.0%

XOVR Coupon Breakdown

Coupon Range Percentage
0% to 1% 3.2%
1% to 2% 2.24%
2% to 3% 6.92%
3% to 4% 12.11%
4% to 5% 22.36%
5% to 6% 24.28%
6% to 7% 15.65%
7% to 8% 6.41%
8% to 9% 2.04%
9% to 10% 0.27%
Greater Than 10% 0.0%

XOVR Credit Quality

Credit Percentage
AAA 0.88%
AA 0.0%
A 0.63%
BBB 98.49%
BB 0.0%
B 0.0%
Below B 0.0%
Not Rated 0.0%

XOVR Maturity Breakdown

Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 13.41%
3-5 Years 16.0%
5-7 Years 20.98%
7-10 Years 27.01%
10-15 Years 1.55%
15-20 Years 3.61%
20-30 Years 11.93%
30+ Years 0.96%
Expense

XOVR - Expenses & Fees

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

Sign Up for Pro to Unlock Data Sign Up

Expenses Ratio Analysis

Expense Ratio
XOVR Rank:
XOVR 0.30%
Category Low
Category High

Commission Free Trading in XOVR

XOVR is currently available for commission free trading on the following platforms: (Charles Schwab)

Category Commission Free Trading

There are 17 other ETFs in the High Yield Bonds ETFdb Category that are also eligible for commission free trading:

Performance

XOVR - Performance

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

Sign Up for Pro to Unlock Data Sign Up
1 Week Return
XOVR Rank:
XOVR -0.27%
Category Low
Category High
4 Week Return
XOVR Rank:
XOVR -0.71%
Category Low
Category High
13 Week Return
XOVR Rank:
XOVR 0.26%
Category Low
Category High
26 Week Return
XOVR Rank:
XOVR 1.02%
Category Low
Category High
Year to Date Return
XOVR Rank:
XOVR 1.78%
Category Low
Category High
1 Year Return
XOVR Rank:
XOVR 2.98%
Category Low
Category High
3 Year Return
XOVR Rank:
No Ranking Available
Category Low
Category High
5 Year Return
XOVR Rank:
No Ranking Available
Category Low
Category High
Charts

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

Valuation

XOVR - Valuation

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

Sign Up for Pro to Unlock Data Sign Up
P/E Ratio
XOVR Rank:
No Ranking Available
Category Low
Category High

As of May 22, 2015

Dividend

XOVR - Dividend

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

Sign Up for Pro to Unlock Data Sign Up
Annual Dividend Yield
XOVR Rank:
XOVR 3.74%
Category Low
Category High

As of May 22, 2015

Technicals

XOVR - Technicals

Sign Up for Pro to Unlock Data Sign Up

XOVR Volatility Analysis

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

5 Day Volatility
XOVR Rank:
XOVR 10.08%
Category Low
Category High
20 Day Volatility
XOVR Rank:
XOVR 6.29%
Category Low
Category High
50 Day Volatility
XOVR Rank:
XOVR 7.69%
Category Low
Category High
200 Day Volatility
XOVR Rank:
XOVR 7.64%
Category Low
Category High
Beta
XOVR Rank:
XOVR 0.68
Category Low
Category High
Standard Deviation
XOVR Rank:
XOVR 0.28%
Category Low
Category High

XOVR Technicals

  • 20 Day MA: $26.33
  • 60 Day MA: $26.25
  • MACD 15 Period: -0.14
  • MACD 100 Period: n/a
  • Williams % Range 10 Day: 66.52
  • Williams % Range 20 Day: 69.10
  • RSI 10 Day: 42
  • RSI 20 Day: 46
  • RSI 30 Day: 48
  • Ultimate Oscillator: 43

XOVR Bollinger Bands

  • Lower Bollinger (10 Day): $26.04
  • Upper Bollinger (10 Day): $26.40
  • Lower Bollinger (20 Day): $26.06
  • Upper Bollinger (20 Day): $26.60
  • Lower Bollinger (30 Day): $26.10
  • Upper Bollinger (30 Day): $26.56

XOVR Support & Resistance

  • Support Level 1: n/a
  • Support Level 2: $26.08
  • Resistance Level 1: n/a
  • Resistance Level 2: $26.30

XOVR Stochastic

  • Stochastic Oscillator %D (1 Day): 31.56
  • Stochastic Oscillator %D (5 Day): 47.51
  • Stochastic Oscillator %K (1 Day): 40.93
  • Stochastic Oscillator %K (5 Day): 39.94
Fact Sheet

XOVR - 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.