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This product offers exposure to intermediate-term Treasuries, giving investors a precise tool for fine tuning the fixed income side of their portfolio. Given this specific focus, DFVL might be too granular for inclusion in many long-term portfolios; it's better used as a tactical tool to bet on strong performance from a specific corner of the Treasury market.
There are several elements of DFVL that should be considered and understood before establishing a position. First, DFVL is an ETN; that means that investors are exposed to the credit risk of the issuing institution. The ETN structure also has some advantages; DFVL will not incur tracking error, which can be a major drag on return in ETFs that implement futures-based strategies. The ETN structure can also result in unique tax treatment compared to comparable ETNs. It should also be noted that the index to which this ETN is linked consists not of Treasuries but of futures contracts; as such, DFVL can exhibit returns and volatility that are different from products that invest directly in Treasuries.
One potential drawback of this product is the relatively high expense ratio; DFVL's fees are considerably higher than some of the alternatives in the Government Bonds ETFdb Category that offer similar exposure.
This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.
This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.
This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.
View charts featuring ETF fund flow data.5 Day Net Flows: 0 1 Month Net Flows: -8.44 K 3 Month Net Flows: 136.76 K 6 Month Net Flows: 68.72 K 1 Year Net Flows: 157.57 K 3 Year Net Flows: 65.3 K 5 Year Net Flows: 285.08 K 10 Year Net Flows: -17.42 K
The adjacent table gives investors an individual Realtime Rating for DFVL 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.
DFVL 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 shows how the volatility of this ETF compares to the peer group ETFdb.com Category.
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