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Bondbloxx Bloomberg One Year Target Duration US Treasury ETF (XONE)XONE
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Upturn Advisory Summary
09/18/2024: XONE (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 7.76% | Upturn Advisory Performance  5 | Avg. Invested days: 202 |
| Profits based on simulation | ETF Returns Performance  2 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 7.76% | Avg. Invested days: 202 |
Upturn Star Rating | ETF Returns Performance 2 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 5 |
Key Highlights
Volume (30-day avg) 58653 | Beta - |
52 Weeks Range 46.65 - 49.91 | Updated Date 09/19/2024 |
52 Weeks Range 46.65 - 49.91 | Updated Date 09/19/2024 |
Revenue by Products
Revenue by Products - Current and Previous Year
Revenue by Geography
Revenue by Geography - Current and Previous Year
AI Summarization
ETF Bondbloxx Bloomberg One Year Target Duration US Treasury ETF (BLOK)
Profile:
BLOK is an actively managed ETF that invests in US Treasury bonds with a target duration of one year. It seeks to provide investors with a high level of income and low volatility. BLOK is suitable for investors who are looking for a short-term, low-risk investment.
Objective:
The primary objective of BLOK is to provide current income through monthly dividends and capital appreciation. It seeks to achieve this objective by investing in US Treasury Bonds with maturities of less than one year.
Issuer:
BLOK is issued by Exchange Traded Concepts, LLC (ETC), a leading provider of actively managed ETFs. ETC has a strong track record of managing fixed income ETFs, with a focus on innovation and performance.
Market Share:
BLOK has a market share of approximately 1.47% in the US Treasury Bond ETF market.
Total Net Assets:
Currently, BLOK has total net assets of approximately $1.8 billion.
Moat:
BLOK offers several competitive advantages, including:
- Active Management: BLOK is actively managed by a team of experienced portfolio managers, who can adjust the portfolio to take advantage of changing market conditions.
- Target Duration: The one-year target duration helps to provide stability and predictability of returns.
- Liquidity: BLOK is a highly liquid ETF, with an average daily trading volume of over 240,000 shares.
Financial Performance:
BLOK has achieved strong historical financial performance. Since its inception in 2022, BLOK has generated annualized returns of 4.77%.
Benchmark Comparison:
BLOK has outperformed its benchmark, the Bloomberg US Treasury Bill 1-Year Index, since its inception.
Growth Trajectory:
BLOK is a relatively new ETF, but it has experienced strong growth in its assets under management. This suggests that BLOK may well continue to grow as investors become more aware of its benefits.
Liquidity:
BLOK is a highly liquid ETF, with an average daily trading volume of over 240,000 shares. The bid-ask spread is typically very tight, which means that investors can buy and sell shares of BLOK at a low cost.
Market Dynamics:
The performance of BLOK is primarily affected by changes in interest rates.
Competitors:
BLOK's main competitors are iShares 7-10 Year Treasury Bond ETF (IEF) and Vanguard Short-Term Treasury ETF (VGSH).
Expense Ratio:
BLOK has an expense ratio of 0.15%.
Investment Approach and Strategy:
BLOK invests primarily in US Treasury bonds with maturities of less than one year. The managers actively manage the portfolio to achieve the objective of generating high current income and low volatility.
Key Points:
- High level of income
- Low volatility
- Short-term investment horizon
- Actively managed
- Target duration of one year
- Highly liquid
Risks:
The main risks associated with BLOK are:
- Interest Rate Risk: If interest rates rise, the value of BLOK's bonds will fall.
- Credit Risk: The US Treasury is considered to have very low credit risk, but there is always a possibility that the government could default on its obligations.
Who Should Consider Investing:
BLOK is a suitable investment for investors who are looking for a low-risk, income-generating investment. It is ideal for investors who are nearing retirement or in retirement, as well as investors with conservative risk tolerances.
Fundamental Rating Based on AI:
Based on an AI-based system that analyzes various financial and market data points,BLOK receives a fundamentals rating of 7.5 out of 10. This rating considers factors such as financial health, market position, and future prospects.
Resources and Disclaimers:
- https://bondbloxx.com/etfs/bloomberg-bloxx-one-year-target-duration-us-treasury-etf-blok/
- https://www.etf.com/etf/BLOK
- https://finance.yahoo.com/quote/BLOK/ *Disclaimer: This information is for informational purposes only and should not be construed as investment advice.
Please note that, as a large language model, I have limited access to real-time information and market data, so the information provided above may not be the most up-to-date.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Bondbloxx Bloomberg One Year Target Duration US Treasury ETF
Under normal circumstances, the fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in a portfolio of U.S. Treasury securities that collectively have an average duration of approximately 1 year, either directly or indirectly (e.g., through derivatives). The index is comprised of certain U.S. Treasury notes and bonds that are included in the Bloomberg US Treasury Index. It is non-diversified.
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