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  • ETF
  • FWDB
    Pricing Data
    $25.42
    Change: $0.02 (0.0%)
    Time: 05/24/19
    Previous Close: $25.40
  • Category
  • High Yield Bonds
Last Updated:

Profile

Vitals

  • Issuer: AdvisorShares
  • Structure: ETF
  • Expense Ratio: 1.41%
  • ETF Home Page: Home page
  • Inception: Jun 20, 2011
  • Tax Form: 1099
  • Tracks This Index: NONE

Trading Data

Open: - Volume -
Day Lo - Day Hi -
  • 52 Week Lo: $21.53
  • 52 Week Hi: $25.42
  • AUM: $5.7 M
  • Shares: 0.2 M

Investment Themes

Historical Trading Data

  • 1 Month Avg. Volume: 745
  • 3 Month Avg. Volume: 8,038

Alternative ETFs in the High Yield Bonds Category

Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest CJNK 0.15% $72.3 M 34,768 6.23%
Largest (AUM) HYG 0.49% $15,795.6 M 18,927,678 7.49%
Most Liquid (Volume) HYG 0.49% $15,795.6 M 18,927,678 7.49%
Top YTD Performer BSJQ 0.42% $15.1 M 8,254 9.65%

Analyst Report

This ETF offers exposure to the global bond market, utilizing a number of different ETPs to construct a well-rounded fixed income portfolio. FWDB is quite a bit different than other ETFs in the Total Bond Market ETFdb Category; funds such as AGG and BND tend to include only investment grade U.S. securities, while FWDB casts a significantly wider net. Beyond Treasuries and investment grade corporates, this ETF includes high yield debt, meaningful international allocations, preferred stocks, munis and Build America Bonds, and TIPS. As such, FWDB could be useful as a one stop shop for fixed income exposure, offering investors access to thousands of individual debt securities from issuers all over the world. Alternatively, FWDB could be useful as a core fixed income holding, complemented by other positions to result in a portfolio tailored to individual risk/return preferences. The biggest drawback of FWDB is the fees; this ETF is considerably more expensive than other bond ETFs, and the management fees represent a decent chunk of the expected yield (though FWDB is quite a bit cheaper than many bond mutual funds). It should be noted that FWDB is structured as an ETF-of-ETFs, which results in multiple layers of expense ratios. Investors looking to establish a similar return profile but avoid additional fees have the option of building a similar fixed income portfolio themselves; the underlying holdings of FWDB are liquid, transparent ETFs from a number of different issuers.

Realtime Rating

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Realtime Rating Summary

The adjacent table gives investors an individual Realtime Rating for FWDB 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.

Compare to another ETF

View the Category Report

FWDB Overall Realtime Rating:

A+ Overall Rated ETF:

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

FWDB In-Depth Analysis

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

FWDB Holdings

Filings Data as of: May 23, 2019

All 8 Holdings

Concentration Analysis

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

Number of Holdings
Rank: 56 of 61
8
Category Low HYGH (2)
Category High USHY (1747)
% Assets in Top 10
Rank: 61 of 61
100.00%
Category Low PGHY (3.73%)
Category High FWDB (100.00%)

Asset Allocation

Asset Percentage
Corporate debt 49.48%
Municipal debt 32.8%
Federal/Central debt 15.13%
ETF Cash Component 2.58%
Common equity 0.01%

Bond Sector Breakdown

Bond Sector Percentage
Corporate 49.48%
Municipal 31.47%
Government/Treasury 15.13%
ETF Cash Component 2.58%
Unknown 1.33%
Non-Fixed Income 0.01%

Bond Detailed Sector Breakdown

Bond Sector Percentage
Corporate Senior Note 37.04%
Municipal Bond 31.35%
Government/Treasury Bond 15.13%
Corporate Note 10.68%
Unknown 2.02%
Corporate Senior Subordinated Note 0.7%
Corporate Bond 0.08%
Corporate Unsecured Note 0.04%
Corporate Secured Note 0.03%
Corporate Junior Subordinated Note 0.03%
Corporate Secured Bond 0.03%
Corporate Junior Subordinated Debenture 0.02%
Corporate Subordinated Note 0.01%
Other 2.86%

Coupon Breakdown

Coupon Range Percentage
0% to 1% 1.3%
1% to 2% 0.01%
2% to 3% 7.79%
3% to 4% 7.84%
4% to 5% 10.77%
5% to 6% 37.46%
6% to 7% 15.68%
7% to 8% 7.49%
8% to 9% 3.57%
9% to 10% 1.99%
Greater Than 10% 1.49%
ETF Cash Component 2.58%
N/A or Unknown 2.02%
Non-Fixed Income 0.01%

Credit Quality

Credit Percentage
AAA 15.13%
AA 0.06%
A 0.51%
BBB 8.55%
BB 25.14%
B 25.31%
Below B 8.92%
Not Rated 0.45%
Rating Unknown 11.97%
ETF Cash Component 2.58%
In Default 1.37%
Non-Fixed Income 0.01%

Maturity Breakdown

Maturity Percentage
Less Than 1 Year 1.9%
1-3 Years 14.72%
3-5 Years 24.6%
5-7 Years 7.29%
7-10 Years 5.15%
10-15 Years 4.37%
15-20 Years 5.99%
20-30 Years 28.75%
30+ Years 4.48%
ETF Cash Component 2.58%
N/A or Unknown 0.16%
Non-Fixed Income 0.01%

FWDB Expenses & Fees

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

Expenses Ratio Analysis

ETF Average
0.545%
ETF Wtd. Average
0.20%
Category Average
0.47%
Expense Ratio
Rank: 61 of 61
1.41%
Category Low CJNK (0.15%)
Category High FWDB (1.41%)

Commission Free Trading

This ETF is not currently available for commission free trading on any platforms.

Category Commission Free Trading

There are 5 other ETFs in the High Yield Bonds ETFdb.com Category that are also eligible for commission free trading:

FWDB ESG Themes and Scores

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

FWDB Performance

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

1 Week Return
Rank: 7 of 61
0.14%
Category Low HYLD (-0.72%)
Category High HYXE (0.59%)
4 Week Return
Rank: 2 of 56
0.59%
Category Low HYIH (-1.69%)
Category High BOND (0.79%)
13 Week Return
Rank: 10 of 56
2.23%
Category Low HYND (-1.28%)
Category High PHYL (3.14%)
26 Week Return
Rank: 30 of 56
5.15%
Category Low HYND (-2.89%)
Category High BSJQ (8.16%)
Year to Date Return
Rank: 31 of 56
6.33%
Category Low BSJJ (2.93%)
Category High BSJQ (9.65%)
1 Year Return
Rank: 33 of 49
3.88%
Category Low HYND (-4.09%)
Category High WFHY (8.26%)
3 Year Return
Rank: 30 of 35
11.84%
Category Low WBII (7.85%)
Category High HYLD (28.84%)
5 Year Return
Rank: 14 of 25
14.10%
Category Low HYXU (-4.69%)
Category High ANGL (34.55%)

FWDB Fund Flows

This section compares the fund flows of this ETF to peers in the same ETFdb.com Category.

1 Week Fund Flow
Rank: N/A
No Ranking Available
Category Low HYG (‑$25.7 M)
Category High JNK ($257.7 M)
4 Week Fund Flow
Rank: N/A
No Ranking Available
Category Low JNK (‑$644.4 M)
Category High USHY ($401.0 M)
13 Week Fund Flow
Rank: 40 of 51
‑$12.7 M
Category Low BKLN (‑$424.5 M)
Category High USHY ($1,020.1 M)
26 Week Fund Flow
Rank: 36 of 55
‑$12.7 M
Category High JNK ($1,576.2 M)
Year to Date Fund Flow
Rank: 39 of 53
‑$12.7 M
Category Low BKLN (‑$687.1 M)
Category High JNK ($1,789.2 M)
1 Year Fund Flow
Rank: 36 of 56
‑$12.7 M
Category High HYLB ($1,492.9 M)
3 Year Fund Flow
Rank: 47 of 56
‑$15.2 M
Category Low JNK (‑$2,983.9 M)
Category High HYLB ($2,810.0 M)
5 Year Fund Flow
Rank: 48 of 56
‑$17.4 M
Category Low HYS (‑$3,190.5 M)
Category High HYG ($3,915.6 M)

Brought to You by ETF Flows


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

FWDB Valuation

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

P/E Ratio
Rank: N/A
No Ranking Available
Category Low WBII (-9899.0)
Category High YLD (14.85)

FWDB Dividend

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

Dividend
$0.06
Dividend Date
2019-03-26
Annual Dividend Rate
$1.01
Annual Dividend Yield
Rank: 50 of 56
4.00%
Category Low IHYD (2.17%)
Category High HYGV (7.53%)

FWDB Technicals

Volatility Analysis

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

5 Day Volatility
Rank: 12 of 61
14.79%
Category Low BOND (0.78%)
Category High HYXU (64.81%)
20 Day Volatility
Rank: 52 of 56
2.01%
Category Low BSJK (1.02%)
Category High HYND (9.06%)
50 Day Volatility
Rank: 40 of 56
2.64%
Category Low BSJJ (0.85%)
Category High HYND (8.26%)
200 Day Volatility
Rank: 52 of 56
2.84%
Category Low BSJJ (1.54%)
Category High HYND (9.60%)
Beta
Rank: 52 of 56
0.19
Category Low BOND (0.01)
Category High WBII (24.61)
Standard Deviation
Rank: 36 of 47
0.40%
Category Low SNLN (0.21%)
Category High JNK (2.52%)

Technicals

  • 20 Day MA: $25.35
  • 60 Day MA: $25.21
  • MACD 15 Period: 0.05
  • MACD 100 Period: 0.47
  • Williams % Range 10 Day: n/a
  • Williams % Range 20 Day: n/a
  • RSI 10 Day: 65
  • RSI 20 Day: 63
  • RSI 30 Day: 63
  • Ultimate Oscillator: 59

Bollinger Brands

  • Lower Bollinger (10 Day): $25.31
  • Upper Bollinger (10 Day): $25.45
  • Lower Bollinger (20 Day): $25.24
  • Upper Bollinger (20 Day): $25.45
  • Lower Bollinger (30 Day): $25.20
  • Upper Bollinger (30 Day): $25.44

Support & Resistance

  • Support Level 1: $25.42
  • Support Level 2: $25.42
  • Resistance Level 1: $25.42
  • Resistance Level 2: $25.42

Stochastic

  • Stochastic Oscillator %D (1 Day): 42.41
  • Stochastic Oscillator %D (5 Day): 78.93
  • Stochastic Oscillator %K (1 Day): 41.90
  • Stochastic Oscillator %K (5 Day): 70.70

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.

Source: LSEG Information Services (US), Inc. (“LSEG”) © LSEG 2016. All rights in the XTF data, ratings and / or underlying data contained in this communication (“the XTF information”) vest in LSEG and/or its licensors. Neither LSEG nor its licensors accept any liability arising out of the use of, reliance on or any errors or omissions in the XTF information. No further distribution of the XTF information is permitted without LSEG’s express written consent. LSEG does not promote, sponsor or endorse the content of this communication.

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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