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ETFs

Strategy Shares Gold-Hedged Bond ETF

GLDB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 17 2021
Expense Ratio
0.79%
Type
Global Bonds
Fund Owner
Strategy Shares
Volume (1m avg. daily)
$6,289
AUM
$8,473,500
Associated Index
Solactive Gold-Backed Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
SSGH FUND LTD CFC
19.19%
n/a
CASH AND CASH EQUIVALENTS
3.61%
BUD/36A
Anheuser-Busch InBev Finance Inc. - 4.70% NT REDEEM 01/02/2036 USD 1000
3.19%
VZ48
Verizon Communications Inc - 4.522% NT REDEEM 15/09/2048 USD 2000
3.13%
DIS31
Walt Disney Co (The) - 2.65% NT REDEEM 13/01/2031 USD 2000
3.04%
WFC26B
Wells Fargo & Co. - 3% NT REDEEM 23/10/2026 USD 1000
2.95%
EQIX4909427
EQUINIX I 3.2% 11/18/29
2.95%
C4970510
CITIGROUP VRN 03/31/31
2.92%
JPM4969016
JPMORGAN VRN 03/24/31
2.78%
BA30A
Boeing Co. - 5.15% NT REDEEM 01/05/2030 USD 2000
2.69%
Invest with GLDB

What is GLDB?

The Fund seeks to track the performance of the Index. The Index is designed to provide broad exposure to the U.S. dollar-denominated investment grade corporate bond sector while at the same time mitigating or hedging against U.S. dollar currency risk through the implementation of a gold inflation hedge. The Index provides investment exposure to gold that approximately equals the investment exposure to the corporate bonds comprising the Index and, in doing so, attempts to provide investment exposure to U.S. dollar-denominated corporate bond investments as if such bonds were denominated in gold. The Fund cannot invest in the Index, but attempts to track the performance of the Index by investing in the underlying constituents that comprise the Index Components and by investing in securities that seek to maximize correlation with the Index Components. 2 The Fund s investment strategy is premised on the proposition that an investment in gold can potentially provide a hedge against inflation for a bond investment. Historically, the price of gold has generally risen when inflation was eroding the value of the U.S. dollar s purchasing power. Notwithstanding the foregoing, there is no guarantee that the price of gold will move as expected relative to the U.S. dollar, nor is there any guarantee that gold will act as an effective inflation hedge. It is possible that the prices of gold and investment grade corporate bonds may decline at the same time, resulting in a significant decline in the value of the Index.

ETFs related toGLDB

ETFs correlated to GLDB include SGOL, IAUM, BAR

GLDB
Strategy Shares - Strategy Shares Gold-Hedged Bond ETF
SGOL
abrdn ETF - abrdn Physical Gold Shares ETF
IAUM
BlackRock Institutional Trust Company N.A. - iShares Gold Trust Micro
BAR
GraniteShares Gold Trust - GraniteShares Gold Shares
GLD
SSgA Active Trust - SPDR Gold Shares ETF
GLDM
World Gold Trust - SPDR Gold MiniShares Trust
IAU
BlackRock Institutional Trust Company N.A. - iShares Gold Trust
UGL
ProShares Trust - ProShares Ultra Gold 2x Shares
OUNZ
Merk Investments LLC - VanEck Merk Gold Trust
AAAU
Goldman Sachs Physical Gold ETF Trust - Goldman Sachs Physical Gold ETF
GLTR
abrdn ETF - abrdn Physical Precious Metals Basket Shares ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toGLDB

#DGD

Diversify with Gold & the Dollar

Category

Building Blocks, Getting Defensive, Diversification

Risk Rating

Aggressive

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with GLDB using Composer

FAQ

GLDB is a Global Bonds ETF. The Fund seeks to track the performance of the Index. The Index is designed to provide broad exposure to the U.S. dollar-denominated investment grade corporate bond sector while at the same time mitigating or hedging against U.S. dollar currency risk through the implementation of a gold inflation hedge. The Index provides investment exposure to gold that approximately equals the investment exposure to the corporate bonds comprising the Index and, in doing so, attempts to provide investment exposure to U.S. dollar-denominated corporate bond investments as if such bonds were denominated in gold. The Fund cannot invest in the Index, but attempts to track the performance of the Index by investing in the underlying constituents that comprise the Index Components and by investing in securities that seek to maximize correlation with the Index Components. 2 The Fund s investment strategy is premised on the proposition that an investment in gold can potentially provide a hedge against inflation for a bond investment. Historically, the price of gold has generally risen when inflation was eroding the value of the U.S. dollar s purchasing power. Notwithstanding the foregoing, there is no guarantee that the price of gold will move as expected relative to the U.S. dollar, nor is there any guarantee that gold will act as an effective inflation hedge. It is possible that the prices of gold and investment grade corporate bonds may decline at the same time, resulting in a significant decline in the value of the Index.

GLDB tracks the Solactive Gold-Backed Bond Index.

No, GLDB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, GLDB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GLDB is -0.0063%. This is the percent change in the value of GLDB over the most recent 1-month period. The 3-month return on GLDB is -0.0463%. This is the percent change in the value of GLDB over the most recent 3-month period.

The standard deviation of GLDB for the past year is 0.1869%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to GLDB include IGSB, VCIT, and LQD.

ETFs correlated to GLDB include SGOL, IAUM, and BAR.

ETFs that are inversely correlated to GLDB include GLL, GDXD, and DUST.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.