VelShs 3x Inv Nat GasFind Ratings Reports
- Last Ratings Update:01/31/2018
- Price as of 01/31/2018 :$22.00
- Net Assets:$228.3 Million
- Peer Rank:256 of 265
- Investment Rating:E
We rate VelocityShares 3x Inv Nat Gas ETN at E. Negative factors that influence this rating include a well below average total return. The fund may be considered for investors seeking a Global Equity strategy.
POSITIVES AND RISKS
Total return ranks well below peers over the last three years. The VelocityShares 3x Inv Nat Gas ETN has returned an annual rate of -34.06% since inception. More recently, the fund has generated a total return of -25.43% in the last five years, -18.93% in the last three years, and 3.69% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 3% of them. It has also outpaced 3% of its competitors on a three year basis and 31% of them over the last year for the period ending 1/31/2018. On a year to date basis, DGAZ has returned -12.15%.
Downside risk has been above average. DGAZ has a draw down risk of -89.52%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 115.5%. This fund has experienced excessive volatility in its monthly performance over the last 36 months. As of 1/31/2018, the fund was trading at a price of $22.00, which is 48.7% below its 52-week high of $42.92 and 29.0% above its 52-week low of $17.05.
Low expense ratio helps performance. On total assets of $228.30 million, DGAZ maintains a low expense ratio compared to its Global Equity peers of just 0.00% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As DGAZ is an exchange traded fund, it has no front end or back end load.
The VelocityShares 3x Inv Nat Gas ETN is managed by a team at Credit Suisse AG. This fund is one of 12 Credit Suisse AG exchange-traded funds launched since 11/29/2010 that we track.