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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.
This section compares the fund flows of this ETF to peers in the same ETFdb.com Category.
The adjacent table gives investors an individual Realtime Rating for TYBS 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 inverse exchange-traded product gives investors with a bearish outlook for long-dated Treasuries a tool to establish short exposure to this narrow corner of the bond market. Because long-term Treasuries will generally maintain high effective durations, they are more sensitive to changes in interest rates; investors expecting a rate hike might find TYBS to be a nice way of profiting from such a move. Given this narrow focus, as well as the daily reset feature (more on this below), TYBS probably doesn't belong in any long-term, buy-and-hold portfolio; this ETF is more useful to those looking to establish a short term tactical bet against long-dated government debt. Investors looking to amplify the inverse exposure may prefer TMV or TBF, which offer -3x and -2x exposure, respectively. Those looking to make a broad bet against investment grade debt, including corporate bonds and Treasuries, may find SAGG to be a useful tool instead. The most noteworthy element of TYBS is the daily reset feature; this ETF is designed to deliver -100% exposure to the related index over the course of a single trading session. When held for a longer or shorter period, the effective leverage delivered may be different. TYBS can still be a useful tool for longer holding periods, but investors should be sure to understand the ramifications of daily resets and nuances of compounding returns, and be willing to monitor this position regularly (and rebalance as needed).
TYBS 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.