SDP

$17.00 0.47% $0.08
Dec 30, 2024 15:00 PM

SDP is the Invesco Short Duration High Yield Bond ETF. It aims to provide current income and capital preservation by investing in a portfolio of short-duration high-yield corporate bonds.

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Asset Summary

Daily Performance Report for SDP ETF: Dec 30, 2024

Summary: The day started with SDP ETF opening at $16.9 and closing at $17. The ETF showed resilience throughout the day, with the highest price observed at $17 and the lowest at $16.9. The underlying asset had a trading range of $0.10 Overall, it was a positive trading day for SDP ETF, reflecting investor optimism and market activity.

Change in Closing Price: There was a net increase of $0.10 or 0.59% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for SDP ETF was 15,327 units during Dec 30, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $16.9.

Highest Price: The highest price observed during the day was $17.

Lowest Price: The lowest price observed during the day was $16.9.

Closing Price: The day ended at $17.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

1 Month Trailing Return

10.13%

Represents the percentage change in asset value over the past month.

3 Month Trailing Return

119.23%

Indicates the percentage change in asset value over the last three months.

Period Max Drawdown

48.04%

The highest percentage drop from the peak value to the lowest point during the observed period.

Standard Deviation

105.34%

Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.

Sharpe Ratio

0.63

Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.

Calmar Ratio

1.39

The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

SDP's performance is compared to other high-yield bond ETFs and short-duration bond funds. Its performance may differ due to its focus on short-duration high-yield bonds, which can provide higher yield but with different risk and return characteristics compared to investment-grade bonds or long-duration bonds.

Risks include credit risk, as the ETF invests in high-yield (junk) bonds, interest rate risk, and liquidity risk. Short-duration bonds typically have lower interest rate sensitivity, but the high-yield nature introduces higher credit risk.

Similar ETFs include: HYG (iShares iBoxx $ High Yield Corporate Bond ETF): Focuses on high-yield corporate bonds. JNK (SPDR Bloomberg Barclays High Yield Bond ETF): Invests in high-yield corporate bonds with a longer duration. SHYG (iShares Short-Term High Yield Bond ETF): Targets short-term high-yield bonds similar to SDP.

In market downturns, SDP’s performance can be affected by declines in the credit quality of high-yield bonds and overall market conditions. Short-duration bonds can help mitigate some interest rate risks, but credit risk remains significant.

Historical performance includes data on past returns, yield, and comparison to its benchmark. Historical performance provides insights but does not guarantee future results.

SDP distributes dividends on a quarterly basis. These dividends are derived from the income earned on the underlying bonds in the portfolio.

SDP is managed by Invesco. The fund invests primarily in high-yield, short-duration corporate bonds, selecting securities based on credit quality and duration. The goal is to offer a higher yield compared to investment-grade bonds with lower sensitivity to interest rate changes.

Key performance metrics include the fund’s yield to maturity, duration, and credit quality of the underlying bonds. Performance is also evaluated based on total return, which includes interest income and capital appreciation or depreciation.

SDP can be purchased through brokerage accounts like other ETFs. It is traded on major stock exchanges, and investors can buy shares through a broker or trading platform.

Factors include changes in interest rates, credit quality of the underlying bonds, market conditions, and overall economic factors. Short-duration bonds generally have less sensitivity to interest rate changes but are still affected by credit risk.

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Disclaimers

The information displayed on this site is sourced from third-party providers and is believed to be reliable. RankMyTrade (RMT) has not independently verified this data and does not guarantee its accuracy. The information and calculations provided by RankMyTrade are for educational and informational purposes only and should not be construed as financial or investment advice.

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