GAZ

iPath Series B Bloomberg Natural Gas Subindex Total Return ETN
*Unless otherwise stated, data provided by FactSet.

GAZ Fund Description

GAZ tracks second-month natural gas futures contracts.

GAZ Factset Analytics Insight

GAZ offers every-other-month natural gas futures exposure in an ETN wrapper. GAZ's index follows a pre-determined roll schedule, which rolls the expiring contract into a contract two months out, then holds the contract for two months. This strategy reduces contango effects and roll costs, while keeping the note relatively sensitive to spot natural gas prices. GAZ's ETN wrapper means it's backed by Barclay's credit, not actual futures as in a commodity pool. Investors will get a 1099 at tax time, not a K-1. GAZ replaced an older ETN with the same ticker. The newer, “series B” note tracks the same index, but charges a lower fee and avoids path dependency issues that made its predecessor more expensive to hold over time. It also includes a call provision. The new version traded under the ticker GAZB until November 16, 2018.

GAZ Charts And Performance

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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Select ETFs to compare their performance:
PERFORMANCE [as of 12/12/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
GAZ -14.21% -21.99% -34.87% -51.01% -- -- --
GAZ (NAV) -14.21% -22.16% -34.28% -51.36% -- -- --
Bloomberg Natural Gas Subindex -14.18% -22.07% -34.00% -51.14% -23.75% -26.61% --
S&P GSCI Natural Gas Index -14.24% -20.67% -28.28% -47.69% -20.30% -24.80% -24.12%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

GAZ Summary Data

iPath
03/08/17
Exchange-Traded Note
0.45%
$3.11M
$55.13K
0.31%

GAZ Portfolio Data

Futures
Extended Term
Annually
0

GAZ Index Data

Single Asset
Single Asset
S&P GSCI Natural Gas Index

GAZ Portfolio Management

0.45%
-0.39%
-0.19%
-0.68%

GAZ Tax Exposures

20.00% / 39.60%
--
No

GAZ Fund Structure

Exchange-Traded Note
No
N/A
Barclays Bank PLC
Low
High
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

GAZ Factset Analytics Block Liquidity

As of 12/13/19
5
4
3
2
1

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

GAZ Tradability

1,790
$55.13K
1,135
$35.09K
0.31%
$0.09
0.10%
2.95% / -3.89%
None
100.00%
50,000
0.02
0.00%
--
0
$26.74
5

GAZ Sector Breakdown


GAZ
Segment Benchmark
100.00%
100.00%

GAZ Tenor Strategy

GAZB invests solely in second-month futures contracts. This means that the fund will be slightly less sensitive to changes in spot prices compared to front-month futures products.

GAZ Rolling Strategy

GAZB rolls contracts over an annually pre-determined 5 day period each month.

GAZ Performance Statistics

0.99
0.95
--
--
0.00%