ducovest

IG:NYE-Principal Exchange-Traded Funds - Principal Investment Grade Corporate Active ETF (USD)

ETF | Corporate Bond |

Last Closing

USD 21.4434

Change

-0.05 (-0.22)%

Market Cap

USD 0.09B

Volume

0.02M

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

The fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, in investment grade corporate bonds and other fixed income securities at the time of purchase. Investment grade securities are rated BBB- or higher by S&P Global Ratings (S&P Global) or Baa3 or higher by Moody's Investors Service, Inc. (Moody's) or, if unrated, of comparable quality in the opinion of those selecting such investments.

Currency: USD

Country : USA

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-09-18 )

Largest Industry Peers for Corporate Bond

Symbol Name Price(Change) Market Cap
SPIB SPDR Barclays Intermediate Ter..

-0.06 (-0.18%)

 USD 9.23B
QLTA iShares Aaa - A Rated Corporat..

-0.16 (-0.32%)

 USD 1.42B
CORP PIMCO Investment Grade Corpora..

-0.31 (-0.31%)

 USD 1.27B
GIGB Goldman Sachs Access Investmen..

-0.14 (-0.28%)

 USD 0.86B
LQDH iShares Interest Rate Hedged C..

+0.13 (+0.14%)

 USD 0.39B
IBD Northern Lights Fund Trust IV ..

-0.03 (-0.12%)

 USD 0.37B
KORP American Century Diversified C..

-0.11 (-0.23%)

 USD 0.31B
IGBH iShares Interest Rate Hedged L..

+0.08 (+0.31%)

 USD 0.09B
LQD iShares iBoxx $ Investment Gra..

-0.47 (-0.41%)

 N/A
FCOR Fidelity® Corporate Bond ETF

-0.16 (-0.33%)

 N/A

ETFs Containing IG

EUHD:LSE PowerShares EURO STOXX Hi.. 2.37 % 0.00 %

-9.75 (-0.45%)

 USD 0.03B

Market Performance

  Market Performance vs. Industry/Classification (Corporate Bond) Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 2.16% 29% F 34% F
Dividend Return 3.33% 79% B- 64% D
Total Return 5.49% 71% C- 36% F
Trailing 12 Months  
Capital Gain 7.14% 43% F 38% F
Dividend Return 5.04% 85% B 66% D+
Total Return 12.18% 71% C- 41% F
Trailing 5 Years  
Capital Gain -19.83% 8% B- 23% F
Dividend Return 14.74% 85% B 54% F
Total Return -5.10% 8% B- 23% F
Average Annual (5 Year Horizon)  
Capital Gain -5.80% 7% C- 14% F
Dividend Return -2.39% 7% C- 15% F
Total Return 3.41% 92% A 64% D
Risk Return Profile  
Volatility (Standard Deviation) 8.06% 29% F 82% B
Risk Adjusted Return -29.63% 7% C- 11% F
Market Capitalization 0.09B 11% F 26% F

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.