This ETF is designed to deliver daily inverse exposure to an index comprised of junk bonds, an asset class that generally delivers high expected returns and features considerable risk of default. As such, SJB probably isn't that useful for investors looking to build a portfolio for the long run; this ETF is more useful as a tool for implementing a tactical bet against the junk bond sector. Those looking to bet against the investment grade bond market may prefer SAGG, while IGS offers an easy way to establish a short position in investment grade corporate debt. Investors should be aware that SJB features a daily reset of exposure, meaning that it will deliver -100% returns of the underlying index for a single trading period only. This fund may still be useful for establishing a short position over a longer period of time, but investors should understand the nuances of compounding returns and be prepared to monitor / rebalance this position as necessary. It should also be noted that there are some differences between using an inverse ETF and shorting a traditional long ETF; the potential for loss and volatility will differ between these two strategies.
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: -4.64 M 3 Month Net Flows: 5.63 M 6 Month Net Flows: -17.26 M 1 Year Net Flows: -135.63 M 3 Year Net Flows: -107.93 M 5 Year Net Flows: -90.18 M 10 Year Net Flows: 125.24 MThe adjacent table gives investors an individual Realtime Rating for SJB 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.
This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.
SJB 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.
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.
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