Non-Traditional Bond ETFs
Most of these ETFs tend to invest by pursuing strategies that diverge in some way from conventional practice in the bond-fund universe. One hallmark of non-traditional bond funds is their use of leverage and derivatives to either hedge or increase particular risk exposures. Other bond funds are placed into this category simply because they are unconstrained with respect to the types of bonds they can buy (i.e., any maturity and any level of default risk). We are definitely cautious with this category given the combination of leverage in some cases and exposure to potential rising interest rates. We therefore view this category as better suited for moderate investors, but may consider this more to aggressive investors when rates do begin to creep higher.
Category Grade
This category ranks #20 out of 65 ETF categories.
Avg. SMART Grade
The average cap-weighted SMART Grade for ETFs in this category is A (Strong Buy).
| Fund Symbol/Name | Last | Open | High | Low | 52-Wk Hi | 52-Wk Lo | Day Chg | YTD Chg | 12-Mo Chg | AUM | Exp. Ratio | SMART Grade |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IGHG ProShares Investment Grade-Interest Rate Hedged |
71.32 | 72.27 | 72.27 | 71.29 | 77.72 | 52.44 | -0.32 (-0.45%) |
-6.25% | -5.08% | 199.41M | 0.30% |
A Strong Buy |
| UCON First Trust TCW Unconstrained Plus Bond ETF |
26.06 | 25.98 | 26.06 | 25.87 | 26.28 | 21.07 | +0.09 (0.35%) |
2.38% | 1.46% | 189.29M | 0.75% |
A Strong Buy |
| STOT SPDR DoubleLine Short Duration Total Return Tactical ETF |
49.58 | 49.67 | 49.67 | 49.58 | 50.17 | 47.13 | -0.12 (-0.24%) |
1.21% | 0.09% | 142.54M | 0.45% |
A Strong Buy |
| RFCI RiverFront Dynamic Core Income ETF |
26.33 | 26.22 | 26.33 | 26.22 | 26.33 | 23.13 | +0.13 (0.50%) |
6.05% | 5.66% | 124.88M | 0.52% |
A Strong Buy |
| BNDC FlexShares Core Select Bond Fund |
27.05 | 27.00 | 27.05 | 27.00 | 27.59 | 23.71 | +0.06 (0.22%) |
6.91% | 7.92% | 92.34M | 0.35% |
A Strong Buy |
| AGZD WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund |
47.19 | 47.04 | 47.32 | 47.04 | 48.28 | 42.79 | +0.04 (0.08%) |
-0.64% | -1.31% | 89.59M | 0.23% |
A Strong Buy |
| FFIU UVA Unconstrained Medium-Term Fixed Income ETF |
26.45 | 26.47 | 26.47 | 26.45 | 28.35 | 23.25 | +0.12 (0.46%) |
4.78% | 4.58% | 61.83M | 0.51% |
A Strong Buy |
| NFLT Virtus Newfleet Multi-Sector Bond ETF |
24.27 | 24.36 | 24.36 | 24.27 | 25.30 | 19.78 | -0.04 (-0.16%) |
0.17% | -0.70% | 20.66M | 0.50% |
A Strong Buy |
| RFUN RiverFront Dynamic Unconstrained Income ETF |
24.91 | 24.82 | 24.91 | 24.80 | 25.69 | 21.15 | -0.03 (-0.12%) |
-0.28% | -1.48% | 12.48M | 0.52% |
A Strong Buy |
| SEIX Virtus Seix Senior Loan ETF |
24.04 | 24.04 | 24.04 | 24.04 | 25.08 | 20.50 | +0.03 (0.12%) |
-1.48% | -3.74% | 7.21M | 0.57% |
A Strong Buy |
| RISE Sit Rising Rate ETF |
20.26 | 20.26 | 20.26 | 20.26 | 23.10 | 19.93 | 0.00 (0.00%) |
-11.80% | -11.86% | 5.07M | 0.35% |
C Neutral |
| FLCB Franklin Liberty U.S. Core Bond ETF |
26.34 | 26.28 | 26.36 | 26.28 | 26.68 | 24.19 | 0.00 (0.00%) |
6.34% | 5.00% | 1.62B | 0.15% |
NR Not Rated |
| KDFI KFA Dynamic Fixed Income ETF |
20.86 | 20.79 | 20.94 | 20.78 | 27.33 | 18.36 | -0.02 (-0.10%) |
-14.85% | -16.63% | 47.86M | 0.46% |
NR Not Rated |
| AGND WisdomTree Barclays Negative Duration U.S. Aggregate Bond Fund |
38.06 | 38.18 | 38.18 | 37.80 | 42.06 | 36.60 | +0.10 (0.26%) |
-7.79% | -9.79% | 15.18M | 0.28% |
NR Not Rated |
| WYDE ProShares CDS Short North American HY Credit ETF |
31.49 | 31.49 | 31.49 | 31.49 | 33.45 | 30.77 | +0.27 (0.86%) |
-2.81% | -3.39% | N/A | N/A |
NR Not Rated |
| IGIH Deutsche X-trackers Investment Grade Bond - Interest Rate Hedged ETF |
20.91 | 20.80 | 21.01 | 20.80 | 24.08 | 17.81 | +0.20 (0.97%) |
-11.53% | -10.56% | N/A | N/A |
NR Not Rated |
| INC Ishares U.S. Fixed Income Balan |
99.43 | 99.42 | 99.43 | 99.42 | 100.20 | 96.37 | +0.06 (0.06%) |
0.00% | -0.32% | N/A | N/A |
NR Not Rated |
| EMIH Deutsche X-trackers Emerging Markets Bond - Interest Rate Hedged ETF |
19.75 | 19.75 | 19.75 | 19.75 | 24.56 | 17.35 | -0.33 (-1.64%) |
-16.86% | -15.80% | N/A | N/A |
NR Not Rated |
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