This ETN offers an opportunity for investors to gain exposure to hogs and cattle, making it an effective tool for gaining targeted exposure to commodities that often perform well when inflationary pressures kick in. Those seeking more broad-based agricultural exposure may prefer products such as AGF or DBA, while UBC offers generally similar exposure to livestock. Given the narrow focus of this security, COW probably has little use in long-term, buy-and-hold portfolios; it can, however, be a very useful tool for expressing a shorter-term view on a specific corner of the commodity market. There are several noteworthy elements of COW; investors should be aware that COW is a debt instrument, exposing investors to the credit risk of the issuing institution. Moreover, this note is linked to a futures-based index, meaning that the slope of the futures curve often impacts returns and that COW won’t necessarily offer exposure to spot prices. Finally, the ETN structure can have an impact on the tax consequences, which may be unique from comparable ETNs.
| Segment | Commodities: Agriculture Livestock |
| Category | Agriculture |
| Focus | Livestock |
| Niche | Front Month |
| Strategy | Multi-factor |
| Weighting Scheme | Multi-Factor |
This section compares how balanced and deep this ETF is relative to its peers.
| COW | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 2 | 3 | 2 |
| % of Assets in Top 10 | 100.00% | 98.88% | 100.00% |
| % of Assets in Top 15 | 100.00% | 99.49% | 100.00% |
| % of Assets in Top 50 | 100.00% | 99.76% | 100.00% |
| COW | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | N/A | N/A | N/A |
| Mid (>2.7B) | N/A | N/A | N/A |
| Small (>600M) | N/A | N/A | N/A |
| Micro (<600M) | N/A | N/A | N/A |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| COW | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | N/A | $ 0.01 | N/A |
| Dividend Date | N/A | N/A | N/A |
| Annual Dividend Rate | N/A | N/A | N/A |
| Annual Dividend Yield | N/A | N/A | N/A |
View charts featuring COW price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: 0 1 Month Net Flows: 383.52 K 3 Month Net Flows: -909.15 K 6 Month Net Flows: 209.52 K 1 Year Net Flows: -1.25 M 3 Year Net Flows: 8.47 M 5 Year Net Flows: 13.56 M 10 Year Net Flows: 13.56 MView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: -1.23 MThe adjacent table gives investors an individual Realtime Rating for COW 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 ETF Database Pro members, shows the ETF in the Agricultural Commodities 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 ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | No distributions |
| Distributes K1 | No |
COW 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 peers.
| COW |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | -1.97% | -2.87% | -1.97% |
| 3 Month Return | 2.31% | -2.12% | 2.31% |
| YTD Return | -0.70% | 6.10% | -0.70% |
| 1 Year Return | 0.67% | 10.96% | 0.67% |
| 3 Year Return | -17.18% | 52.86% | -17.18% |
| 5 Year Return | N/A | 17.64% | 0.00% |
The following charts reflect the geographic spread of COW's underlying holdings.
The following charts reflect the allocation of COW's underlying holdings.
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 61.20% |
| 20 Day Volatility | 14.67% |
| 50 Day Volatility | 14.79% |
| 200 Day Volatility | 17.27% |
| Beta | 0.29 |
| Standard Deviation | 1.23% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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