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DFVS
iPath US Treasury 5-year Bear ETN

Price: $13.56
Change: $0.17 (-0.01%)
Category: Inverse Bonds
Last Updated:

Vitals

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $10.47
  • 52 Week Hi $32.00
  • AUM $1.9 M
  • Shares 0.1 M

Analyst Report

DFVS offers a way for investors to establish short exposure to 5-year Treasury futures, making this tool a potentially useful product for those looking to make a precise bet against this corner of the bond market. Given this objective, this ETN probably doesn't belong in any long-term portfolio; DFVS is appropriate as a tactical tool for shorting Treasuries, but has no place in a buy-and-hold strategy. That doesn't mean that DFVS is simply a trading tool; it can be potentially handy in establishing longer term tactical positions as well.

There are several elements of this product that are worth noting. First, DFVS is an ETN, meaning that investors are exposed to the credit risk of the issuing institution but will avoid any tracking error that can arise when futures-based strategies are involved. That's important in this case, because another noteworthy element is the composition of the index to which DFVS is linked. That benchmark doesn't include Treasuries, but rather futures linked to debt of the U.S. government. That nuance can have an impact on the risk/return profile, and the appeal of this approach can vary based on the current environment.

One drawback of DFVS is a relatively high expense ratio. Investors looking for alternatives can examine the Inverse Bonds ETFdb Category, which includes options for exposure to long term (TBF) and short term (DTUS) Treasuries.

Historical Trading Data

  • 1 Month Avg. Volume 217
  • 3 Month Avg. Volume 260

Alternative ETFs in the Inverse Bonds Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest TAPR 0.43% $3.4 M 106 -60.03%
Largest (AUM) TBF 0.92% $227.5 M 1 M -20.49%
Most Liquid (Volume) TBF 0.92% $227.5 M 1 M -20.49%
Top YTD Performer SJB 0.95% $71.0 M 101,900 -7.18%

Top 15 Holdings

Concentration Analysis

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

1
Number of Holdings
100.00%
% Assets in Top 10
 
View Detailed Analysis
 
Number of Holdings
1
Rank
5 of 5
Low
DFVS (1)
High
TBF (6)
% Assets in Top 10
100.00%
Rank
2 of 5
Low
TAPR (100.00%)
High
TBF (100.00%)

 
View Summary Analysis
 

Sector Breakdown

DFVS Valuation

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

P/E Ratio
No Ranking Available
Rank
N/A
Low
N/A
High
N/A

DFVS Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
n/a
Dividend Date
n/a
Annual Dividend Rate
n/a

n/a
Dividend
n/a
Dividend Date
n/a
Annual Dividend Rate
Annual Dividend Yield
No Ranking Available
Rank
N/A
Low
TBX (0.39%)
High
TBF (0.70%)

DFVS Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 0 6 Month Net Flows: 0 1 Year Net Flows: 0 3 Year Net Flows: 3.58 M 5 Year Net Flows: 1.16 M 10 Year Net Flows: 3.34 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for DFVS 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 Inverse 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.

Sign Up for Pro to Unlock Data Sign Up
Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B- n/a
Expenses A- n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

DFVS Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.534%
ETF Wtd. Average
-0.13%
Category Average
0.79%
Expense Ratio
0.75%
Rank
3 of 6
Low
TAPR (0.43%)
High
SJB (0.95%)
ESG Themes and Scores

DFVS does not have an ESG score. There are no ESG themes that map to this ETF.

DFVS Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

-0.99%
1 Week Return
1.61%
4 Week Return
10.88%
13 Week Return
8.09%
26 Week Return
-50.24%
Year to Date Return
-48.53%
1 Year Return
-52.09%
3 Year Return
-56.71%
5 Year Return
 
View Detailed Analysis
 
1 Week Return
-0.99%
Rank
4 of 5
Low
TAPR (-4.07%)
High
TBF (0.78%)
4 Week Return
1.61%
Rank
2 of 5
Low
SJB (-3.58%)
High
TAPR (7.14%)
13 Week Return
10.88%
Rank
1 of 5
Low
SJB (-3.41%)
High
DFVS (10.88%)
26 Week Return
8.09%
Rank
2 of 3
Low
SJB (-8.51%)
High
TAPR (12.24%)
Year to Date Return
-50.24%
Rank
4 of 5
Low
TAPR (-60.03%)
High
SJB (-7.18%)
1 Year Return
-48.53%
Rank
4 of 5
Low
TAPR (-55.61%)
High
SJB (-8.78%)
3 Year Return
-52.09%
Rank
4 of 5
Low
TAPR (-74.92%)
High
TBX (-13.44%)
5 Year Return
-56.71%
Rank
4 of 5
Low
TAPR (-83.46%)
High
TBX (-17.28%)

 
View Summary Analysis
 

DFVS Price and Volume Chart

DFVS Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

 
View Detailed Analysis
 
5 Day Volatility
128.25%
Rank
2 of 5
Low
TBX (17.23%)
High
TAPR (335.48%)
20 Day Volatility
34.65%
Rank
2 of 5
Low
TBX (5.32%)
High
TAPR (46.90%)
50 Day Volatility
42.34%
Rank
2 of 5
Low
TBX (4.23%)
High
TAPR (74.05%)
200 Day Volatility
72.76%
Rank
2 of 5
Low
TBX (3.63%)
High
TAPR (76.29%)
Beta
0.69
Rank
1 of 5
Low
SJB (-0.39)
High
DFVS (0.69)
Standard Deviation
5.53%
Rank
2 of 5
Low
TBX (1.01%)
High
TAPR (45.71%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $13.90
  • 60 Day MA $13.03
  • MACD 15 Period -0.37
  • MACD 100 Period 0.56
  • Williams % Range 10 Day 100.00
  • Williams % Range 20 Day 84.42
  • RSI 10 Day 44
  • RSI 20 Day 51
  • RSI 30 Day 51
  • Ultimate Oscillator 41

Bollinger Brands

  • Lower Bollinger (10 Day) $13.55
  • Upper Bollinger (10 Day) $14.06
  • Lower Bollinger (20 Day) $13.35
  • Upper Bollinger (20 Day) $14.45
  • Lower Bollinger (30 Day) $12.85
  • Upper Bollinger (30 Day) $14.48

Support & Resistance

  • Support Level 1 $13.56
  • Support Level 2 $13.56
  • Resistance Level 1 $13.56
  • Resistance Level 2 $13.56

Stochastic

  • Stochastic Oscillator %D (1 Day) 49.55
  • Stochastic Oscillator %D (5 Day) 24.19
  • Stochastic Oscillator %K (1 Day) 48.38
  • Stochastic Oscillator %K (5 Day) 29.30

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.

Download the fact sheet PDF

Disclosures

Copyright © 2020 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use, please see disclaimer.
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