This inverse ETF offers short exposure to a specific corner of the Treasury market, giving investors with a bearish outlook on government bonds a tool to fine tune their portfolios. Given this focus, TBX probably doesn’t make very much sense for any investor building a long-term portfolio; this fund is more useful for those looking to establish a relatively short term position against Treasuries. The daily reset feature of TBX is an important attribute that may have a significant impact on the risk/return profile of this fund. This ETF is designed to offer -100% exposure over a single holding period only; if held for longer or shorter than that time frame, the effective leverage delivered may differ, depending on volatility in markets. That doesn’t mean that TBX can’t be held for multiple sessions, but simply that investors considering a position should understand the nuances of compounding returns and be willing / able to monitor and potentially rebalance this position. Those seeking to short longer-dated Treasuries may prefer TYBS, while SAGG offers a tool for shorting the broader investment grade bond market (including Treasuries and corporate debt). For those looking to dial up inverse exposure to this slice of the Treasury market, PST can deliver amplified daily returns.
| Segment | Inverse Fixed Income: U.S. - Government, Treasury Investment Grade Intermediate |
| Category | Government, Treasury |
| Focus | Investment Grade |
| Niche | Intermediate |
| Strategy | Vanilla |
| Weighting Scheme | Market Value |
This section compares how balanced and deep this ETF is relative to its peers.
| TBX | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 1 | 3 | 1 |
| % of Assets in Top 10 | 100.00% | 99.31% | 100.00% |
| % of Assets in Top 15 | 100.00% | 100.00% | 100.00% |
| % of Assets in Top 50 | 100.00% | 100.00% | 100.00% |
| TBX | 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.
| TBX | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.10 | $ 0.30 | $ 0.12 |
| Dividend Date | 2023-03-22 | N/A | N/A |
| Annual Dividend Rate | $ 0.21 | $ 0.39 | $ 0.16 |
| Annual Dividend Yield | 0.74% | 1.00% | 0.85% |
View charts featuring TBX price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: 0 1 Month Net Flows: -6.95 M 3 Month Net Flows: -48.01 M 6 Month Net Flows: -94.32 M 1 Year Net Flows: -187.94 M 3 Year Net Flows: -3.78 M 5 Year Net Flows: -39.02 M 10 Year Net Flows: -6.26 MView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: 797 KThe adjacent table gives investors an individual Realtime Rating for TBX 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 |
TBX 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. Returns over 1 year are annualized.
| TBX |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | 1.60% | 5.33% | 2.85% |
| 3 Month Return | -0.62% | 0.16% | -2.38% |
| YTD Return | -0.10% | -3.08% | -1.82% |
| 1 Year Return | 8.33% | 18.88% | 13.39% |
| 3 Year Return | 6.36% | 17.90% | 12.23% |
| 5 Year Return | -0.05% | -3.59% | -1.37% |
The following charts reflect the geographic spread of TBX's underlying holdings.
The following charts reflect the allocation of TBX's underlying holdings.
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 51.62% |
| 20 Day Volatility | 9.36% |
| 50 Day Volatility | 10.28% |
| 200 Day Volatility | 10.54% |
| Beta | -0.06 |
| Standard Deviation | 0.83% |
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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