This ETN is one of the options available to investors looking to establish exposure to natural gas prices through futures contracts. As such, this product isn’t very useful for those building a long-term, buy-and-hold portfolio; its appeal will be to those looking to express an outlook on movements in natural gas prices over the short term. There are several noteworthy elements of this product. First, GAZ is an ETN, meaning that investors are exposed to the credit risk of the issuer. Second, this ETN won’t generally correspond to changes in spot natural gas prices, as the underlying index is comprised of futures contracts (in many cases, the difference over extended periods of time can be significant). GAZ is really only appropriate for those with a short holding period; investors seeking longer-term exposure to natural gas may want to consider NAGS or UNL. Finally, this ETN has often traded at a significant premium to NAV historically as a result of limitations on the number of shares outstanding; before establishing a position, take careful note of the relationship of price to NAV.
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View charts featuring ETF fund flow data.5 Day Net Flows: 418.15 K 1 Month Net Flows: 418.15 K 3 Month Net Flows: 1.23 M 6 Month Net Flows: 598.84 K 1 Year Net Flows: 1.91 M 3 Year Net Flows: 4.82 M 5 Year Net Flows: 4.94 M 10 Year Net Flows: 4.94 M
The adjacent table gives investors an individual Realtime Rating for GAZ 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 Oil & Gas 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.
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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