DFVSiPath US Treasury 5-Year Bear ETN
DFVS Fund Description
The iPath U.S. Treasury 5-Year Bear ETN provides inverse exposure to 5-year US Treasury note yields through an index tracking front-month 5-year Treasury futures contracts.
DFVS Factset Analytics Insight
DFVS provides inverse exposure to the Barclays 5-Year US Treasury Futures Targeted Exposure Index. The index is designed to fall when 5-year U.S. Treasury note yields rise. As an inverse instrument, DFVS appreciates when yields rise. DFVS is an ETN that doesn’t hold any underlying asset, but is only backed by the full faith and credit of Barclays. It charges 75 bps accrued on a daily basis plus a 12 bps annual roll fee. Thanks to its low asset tally, relatively low median daily volume, and very average spreads at 17 bps, DFVS is expensive to trade and at risk of closure. Unlike its daily-reset ETF counterparts, DFVS rebalances monthly to maintain its inverse exposure.
DFVS CHARTS AND PERFORMANCE
DFVS Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DFVS. DFVS is rated a 5 out of 5.
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.