DTUS

iPath US Treasury 2-Year Bear ETN
*Unless otherwise stated, data provided by FactSet.

DTUS Fund Description

The iPath U.S. Treasury 2-Year Bear ETN provides inverse exposure to the Barclays 2Y US Treasury Futures Targeted Exposure Index. The index increases when yield decreases and the inverse note gains 10 cents for each 1 point drop in the index.

DTUS Factset Analytics Insight

DTUS offers atypical inverse exposure to 2 year US Treasurys in a thinly-traded ETN wrapper. The “Bear” in the note’s name indicates direction—that it rises when yields rise, unlike a bond. However, DTUS differs from most inverse products in that it does not set exposure based on a fixed multiple like -1x or -2. Instead it aims for a fixed dollar exposure to its index, so it increases a dime for each 1 point decrease in the index. The index itself (inversely) moves a point for each bp of change in yield with whole idea being fixed dollar exposure relative to changes in yield. And there’s the rub: A 10 cent increase on a $50 handle is a 20 bp move while the same increase if the note stands at $100 produces a 10 bp move. This adds up to “variable” exposure compared with the more typical fixed-multiple daily-reset geared products. The market is cool to this approach judging from the slender AUM. DTUS's low volume would be disappointing for any fund but especially for a geared product which are typically held for short periods. We see high risk that the fund may de-list or be called away.

DTUS CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 07/12/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DTUS -0.09% 4.57% 12.06% 26.29% 7.55% -0.66% --
DTUS (NAV) 0.82% 3.76% 13.29% 27.89% 7.89% -0.47% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DTUS Summary Data

iPath
08/09/10
Exchange-Traded Note
0.75%
$7.49M
2.20%

DTUS Portfolio Data

0.00%
N/A

DTUS Index Data

Single Asset
Single Asset
N/A

DTUS Fund Structure

No
N/A
N/A / N/A
Barclays Bank PLC
Low
High
Variable
Variable

DTUS Tax Exposures

20.00% / 39.60%
--
No
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

DTUS Factset Analytics Block Liquidity

As of 07/18/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of DTUS. DTUS is rated a 5 out of 5.

DTUS Tradability

2,155
$99.88K
599
$37.97K
2.20%
$0.86
0.03%
3.48% / -2.37%
None
0.00%
20,000
0.03
0.00%
--
--
$39.84
5