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  • ETF
  • FWDB
    Pricing Data
    Change: $0.02 (0.0%)
    Time: 11/18/19
    Previous Close: $25.91
  • Category
  • Total Bond Market
Last Updated:



  • Issuer: AdvisorShares
  • Structure: ETF
  • Expense Ratio: 1.31%
  • 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: $21.11
  • 52 Week Hi: $26.07
  • AUM: $7.8 M
  • Shares: 0.3 M

Investment Themes

Historical Trading Data

  • 1 Month Avg. Volume: 4,750
  • 3 Month Avg. Volume: 1,811

Alternative ETFs in the Total Bond Market Category

Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest BND 0.04% $46,692.4 M 2,989,714 8.50%
Largest (AUM) AGG 0.05% $66,158.4 M 3,608,182 8.27%
Most Liquid (Volume) AGG 0.05% $66,158.4 M 3,608,182 8.27%
Top YTD Performer PCEF 2.25% $790.7 M 124,641 19.21%

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 Total Bond Market 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

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 Category.

FWDB Holdings

Filings Data as of: Nov 15, 2019

All 8 Holdings

Concentration Analysis

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

Number of Holdings
Rank: 78 of 87
Category Low FLBL (1)
Category High IUSB (8993)
% Assets in Top 10
Rank: 81 of 86
Category Low IAGG (5.50%)
Category High DWFI (100.00%)

Asset Allocation

Asset Percentage
Common equity 29.96%
Corporate debt 29.54%
Municipal debt 27.85%
Federal/Central debt 9.18%
ETF Cash Component 3.48%

Bond Sector Breakdown

Bond Sector Percentage
Non-Fixed Income 29.96%
Corporate 29.54%
Municipal 27.85%
Government/Treasury 9.18%
ETF Cash Component 3.48%

Bond Detailed Sector Breakdown

Bond Sector Percentage
Municipal Bond 27.78%
Corporate Senior Note 22.89%
Government/Treasury Bond 9.18%
Corporate Note 5.84%
Corporate Senior Subordinated Note 0.47%
Corporate Bond 0.06%
Corporate Secured Note 0.03%
Corporate Secured Bond 0.02%
Corporate Unsecured Note 0.0%
Corporate Junior Subordinated Note 0.0%
Corporate Junior Subordinated Debenture 0.0%
Corporate Subordinated Note 0.0%
Other 33.73%

Coupon Breakdown

Coupon Range Percentage
0% to 1% 1.28%
1% to 2% 0.0%
2% to 3% 4.8%
3% to 4% 5.52%
4% to 5% 7.71%
5% to 6% 26.83%
6% to 7% 10.71%
7% to 8% 4.98%
8% to 9% 2.34%
9% to 10% 1.35%
Greater Than 10% 1.04%
Non-Fixed Income 29.96%
ETF Cash Component 3.48%

Credit Quality

Credit Percentage
AAA 9.18%
AA 0.13%
A 0.56%
BBB 7.18%
BB 17.17%
B 15.13%
Below B 5.47%
Not Rated 0.38%
Non-Fixed Income 29.96%
Rating Unknown 9.71%
ETF Cash Component 3.48%
In Default 1.65%

Maturity Breakdown

Maturity Percentage
Less Than 1 Year 1.65%
1-3 Years 10.02%
3-5 Years 18.28%
5-7 Years 1.55%
7-10 Years 2.18%
10-15 Years 3.84%
15-20 Years 4.81%
20-30 Years 20.56%
30+ Years 3.67%
Non-Fixed Income 29.96%
ETF Cash Component 3.48%

FWDB Expenses & Fees

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

Expenses Ratio Analysis

ETF Average
ETF Wtd. Average
Category Average
Expense Ratio
Rank: 91 of 94
Category Low BND (0.04%)
Category High MCEF (2.37%)

Commission Free Trading

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

Category Commission Free Trading

There are 13 other ETFs in the Total Bond Market 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 Category.

1 Week Return
Rank: 67 of 93
Category Low RISE (-1.11%)
Category High BLV (1.83%)
4 Week Return
Rank: 13 of 94
Category Low JPGB (-0.55%)
Category High OVB (1.13%)
13 Week Return
Rank: 9 of 92
Category Low BLV (-1.56%)
Category High PCEF (2.90%)
26 Week Return
Rank: 39 of 92
Category Low RISE (-3.54%)
Category High BLV (11.57%)
Year to Date Return
Rank: 13 of 85
Category Low RISE (-5.46%)
Category High PCEF (19.21%)
1 Year Return
Rank: 42 of 81
Category Low RISE (-8.96%)
Category High BLV (24.25%)
3 Year Return
Rank: 7 of 51
Category Low RISE (-3.27%)
Category High PCEF (28.82%)
5 Year Return
Rank: 7 of 33
Category Low AGND (1.09%)
Category High PCEF (37.19%)

FWDB Fund Flows

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

1 Week Fund Flow
Rank: 29 of 39
$0.6 M
Category Low GBF (‑$181.6 M)
Category High AGG ($303.6 M)
4 Week Fund Flow
Rank: 49 of 69
$1.9 M
Category Low GBF (‑$181.6 M)
Category High BNDX ($921.2 M)
13 Week Fund Flow
Rank: 55 of 78
$1.9 M
Category Low BSV (‑$743.5 M)
Category High BNDX ($4,267.7 M)
26 Week Fund Flow
Rank: 60 of 86
$1.9 M
Category Low BSV (‑$807.6 M)
Category High BND ($6,449.8 M)
Year to Date Fund Flow
Rank: 71 of 87
‑$10.7 M
Category Low BSV (‑$6,628.7 M)
Category High BNDX ($10,006.4 M)
1 Year Fund Flow
Rank: 69 of 87
‑$10.7 M
Category Low BSV (‑$4,187.3 M)
Category High BNDX ($10,614.7 M)
3 Year Fund Flow
Rank: 77 of 88
‑$11.3 M
Category Low GVI (‑$221.8 M)
Category High AGG ($22,890.5 M)
5 Year Fund Flow
Rank: 84 of 88
‑$18.7 M
Category Low MINC (‑$104.7 M)
Category High AGG ($43,471.8 M)

Brought to You by ETF Flows


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 Category.

P/E Ratio
Rank: 3 of 5
Category Low MCEF (7.96)
Category High IUSB (59.99)

FWDB Dividend

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

Dividend Date
Annual Dividend Rate
Annual Dividend Yield
Rank: 8 of 92
Category Low FLCB (0.18%)
Category High PCEF (7.17%)

FWDB Technicals

Volatility Analysis

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

5 Day Volatility
Rank: 19 of 93
Category Low USI (0.14%)
Category High PCEF (30.52%)
20 Day Volatility
Rank: 30 of 94
Category Low OPER (0.05%)
Category High BLV (9.86%)
50 Day Volatility
Rank: 46 of 92
Category Low OPER (0.09%)
Category High BLV (10.75%)
200 Day Volatility
Rank: 42 of 92
Category Low OPER (0.09%)
Category High BLV (10.65%)
Rank: 13 of 92
Category Low GLBY (-0.41)
Category High PCEF (0.57)
Standard Deviation
Rank: 54 of 79
Category Low AFIF (0.07%)
Category High BLV (6.95%)


  • 20 Day MA: $25.88
  • 60 Day MA: $25.73
  • MACD 15 Period: 0.04
  • MACD 100 Period: 0.29
  • Williams % Range 10 Day: n/a
  • Williams % Range 20 Day: 26.42
  • RSI 10 Day: 58
  • RSI 20 Day: 58
  • RSI 30 Day: 58
  • Ultimate Oscillator: 73

Bollinger Brands

  • Lower Bollinger (10 Day): $25.77
  • Upper Bollinger (10 Day): $25.97
  • Lower Bollinger (20 Day): $25.76
  • Upper Bollinger (20 Day): $26.01
  • Lower Bollinger (30 Day): $25.69
  • Upper Bollinger (30 Day): $26.00

Support & Resistance

  • Support Level 1: $25.93
  • Support Level 2: $25.93
  • Resistance Level 1: $25.93
  • Resistance Level 2: $25.93


  • Stochastic Oscillator %D (1 Day): 62.97
  • Stochastic Oscillator %D (5 Day): 87.91
  • Stochastic Oscillator %K (1 Day): 59.25
  • Stochastic Oscillator %K (5 Day): 73.67

Fact Sheet

Fact sheets are issued by the ETF provider and framed by 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.

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