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This product offers a way for investors to gain exposure to the Chinese yuan, making it a potentially useful tool in multiple ways. CNY may have appeal as a safe haven investment, and can also be used to speculate that the Chinese currency will ultimately be allowed to float freely and will move higher against the dollar. There are a couple of structural nuances of CNY that should be carefully noted. First, this product is an ETN, meaning that investors are exposed to credit risk and potentially unique tax situations. Moreover, the related index consists of rolling investments in short term forward contracts, and as such the performance may differ from movements in the spot exchange rate. Another option for exposure to the yuan is CYB, which is a true 1940 Act ETF that may offer better diversification.
The adjacent table gives investors an individual Realtime Rating for CNY 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 Currency 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 section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.
This ETF is not currently available for commission free trading on any platforms.
There are 14 other ETFs in the Currency ETFdb.com Category that are also eligible for commission free trading:
CNY does not have an ESG score. There are no ESG themes that map to this ETF.
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 CNY 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.