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.
| Segment | Inverse Fixed Income: U.S. - Corporate, Broad-based High Yield |
| Category | Corporate, Broad-based |
| Focus | High Yield |
| Niche | Broad Maturities |
| Strategy | Vanilla |
| Weighting Scheme | Market Value |
This section compares how balanced and deep this ETF is relative to its peers.
| SJB | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 4 | 4 | 4 |
| % of Assets in Top 10 | 100.00% | 99.70% | 100.00% |
| % of Assets in Top 15 | 100.00% | 100.00% | 100.00% |
| % of Assets in Top 50 | 100.00% | 100.00% | 100.00% |
| SJB | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | N/A | N/A | N/A |
| Mid (>2.7B) | N/A | N/A | N/A |
| Small (>600M) | N/A | N/A | N/A |
| Micro (<600M) | N/A | N/A | N/A |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| SJB | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.01 | $ 0.05 | $ 0.01 |
| Dividend Date | 2020-03-25 | N/A | N/A |
| Annual Dividend Rate | N/A | N/A | N/A |
| Annual Dividend Yield | N/A | N/A | N/A |
View charts featuring SJB price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: -11.31 M 1 Month Net Flows: -33.1 M 3 Month Net Flows: -45.44 M 6 Month Net Flows: -9.47 M 1 Year Net Flows: 226.67 M 3 Year Net Flows: 181.13 M 5 Year Net Flows: 186.83 M 10 Year Net Flows: 296.26 MView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: -17.93 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 ETF Database 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 ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Ordinary income |
| Distributes K1 | No |
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 peers.
| SJB |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | -3.04% | -18.97% | -3.04% |
| 3 Month Return | -1.10% | -1.64% | -1.10% |
| YTD Return | 7.97% | 41.78% | 7.97% |
| 1 Year Return | 7.06% | 41.30% | 7.06% |
| 3 Year Return | -9.97% | 3.32% | -9.97% |
| 5 Year Return | -17.32% | -13.34% | -17.32% |
The following charts reflect the geographic spread of SJB's underlying holdings.
The following charts reflect the allocation of SJB's underlying holdings.
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 92.23% |
| 20 Day Volatility | 13.99% |
| 50 Day Volatility | 13.79% |
| 200 Day Volatility | 13.54% |
| Beta | -0.37 |
| Standard Deviation | 0.69% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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