Bondbloxx Etf Trust Etf Performance
| XBB Etf | USD 40.76 0.44 1.07% |
The etf shows a Beta (market volatility) of 0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, BondBloxx ETF's returns are expected to increase less than the market. However, during the bear market, the loss of holding BondBloxx ETF is expected to be smaller as well.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in BondBloxx ETF Trust are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong fundamental drivers, BondBloxx ETF is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more
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2 | BondBloxx BB Rated USD High Yield Corporate Bond ETF declares monthly distribution | 11/04/2024 |
BondBloxx |
BondBloxx ETF Relative Risk vs. Return Landscape
If you would invest 4,017 in BondBloxx ETF Trust on August 29, 2024 and sell it today you would earn a total of 59.00 from holding BondBloxx ETF Trust or generate 1.47% return on investment over 90 days. BondBloxx ETF Trust is generating 0.0233% of daily returns assuming volatility of 0.314% on return distribution over 90 days investment horizon. In other words, 2% of etfs are less volatile than BondBloxx, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
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BondBloxx ETF Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for BondBloxx ETF's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as BondBloxx ETF Trust, and traders can use it to determine the average amount a BondBloxx ETF's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0741
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Estimated Market Risk
| 0.31 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average BondBloxx ETF is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of BondBloxx ETF by adding it to a well-diversified portfolio.
BondBloxx ETF Fundamentals Growth
BondBloxx Etf prices reflect investors' perceptions of the future prospects and financial health of BondBloxx ETF, and BondBloxx ETF fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on BondBloxx Etf performance.
| Total Asset | 41.46 M | |||
About BondBloxx ETF Performance
By analyzing BondBloxx ETF's fundamental ratios, stakeholders can gain valuable insights into BondBloxx ETF's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if BondBloxx ETF has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if BondBloxx ETF has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
The fund will invest at least 80 percent of its net assets in high-yield, below-investment grade bonds denominated in U.S. dollars of corporate issuers, either directly or indirectly . Bondbloxx Bb-Rated is traded on NYSEARCA Exchange in the United States.| Latest headline from seekingalpha.com: BondBloxx BB Rated USD High Yield Corporate Bond ETF declares monthly distribution | |
| The fund keeps about 11.84% of its net assets in bonds |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in BondBloxx ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
The market value of BondBloxx ETF Trust is measured differently than its book value, which is the value of BondBloxx that is recorded on the company's balance sheet. Investors also form their own opinion of BondBloxx ETF's value that differs from its market value or its book value, called intrinsic value, which is BondBloxx ETF's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because BondBloxx ETF's market value can be influenced by many factors that don't directly affect BondBloxx ETF's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between BondBloxx ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if BondBloxx ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BondBloxx ETF's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.