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iPath Series B Bloomberg Cotton Subindex Total Return ETN (BAL)

ETF · Currency in USD · Last updated Dec 8, 2022

BAL is a passive ETF by Barclays Capital tracking the investment results of the Bloomberg Cotton Subindex (TR). BAL launched on Jan 17, 2018 and has a 0.45% expense ratio.

ETF Info

ISINUS06746P5483
CUSIP06746P548
IssuerBarclays Capital
Inception DateJan 17, 2018
CategoryAgricultural Commodities
Expense Ratio0.45%
Index TrackedBloomberg Cotton Subindex (TR)
Asset ClassCommodity

Trading Data

Previous Close$58.12
Year Range$49.71 - $91.45
EMA (50)$59.73
EMA (200)$66.18
Average Volume$9.45K

BALShare Price Chart


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BALPerformance

The chart shows the growth of $10,000 invested in iPath Series B Bloomberg Cotton Subindex Total Return ETN in Feb 2018 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $12,490 for a total return of roughly 24.90%. All prices are adjusted for splits and dividends.


-40.00%-30.00%-20.00%-10.00%0.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
-30.79%
0.85%
BAL (iPath Series B Bloomberg Cotton Subindex Total Return ETN)
Benchmark (^GSPC)

BALCompare to other instruments

Search for stocks, ETFs, and funds to compare with BAL

BALReturns in periods

Returns over 1 year are annualized

PeriodReturnBenchmark
1M-3.66%4.33%
6M-28.82%-5.45%
YTD-9.15%-17.46%
1Y-4.47%-14.32%
5Y4.78%9.06%
10Y4.78%9.06%

BALMonthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
202213.32%-4.65%13.22%9.61%-3.59%-18.07%-2.52%17.88%-24.73%-15.17%21.11%-3.47%
20213.18%8.63%-9.25%7.90%-7.25%2.49%5.24%3.44%14.18%8.89%-5.51%6.56%
2020-1.98%-9.82%-18.84%14.33%-0.49%7.90%3.35%3.30%0.61%5.05%2.23%7.76%
20192.89%-3.52%6.53%-1.48%-10.82%-2.28%-2.94%-7.75%3.23%5.85%-1.02%5.86%
20186.90%-0.88%3.18%11.03%-7.63%6.25%-7.23%-6.92%-0.36%0.97%-8.29%

BALSharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current iPath Series B Bloomberg Cotton Subindex Total Return ETN Sharpe ratio is -0.09. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-1.000.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
-0.09
-0.67
BAL (iPath Series B Bloomberg Cotton Subindex Total Return ETN)
Benchmark (^GSPC)

BALDividend History


iPath Series B Bloomberg Cotton Subindex Total Return ETN doesn't pay dividends

BALDrawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%2022FebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember
-36.45%
-17.98%
BAL (iPath Series B Bloomberg Cotton Subindex Total Return ETN)
Benchmark (^GSPC)

BALWorst Drawdowns

The table below shows the maximum drawdowns of the iPath Series B Bloomberg Cotton Subindex Total Return ETN. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the iPath Series B Bloomberg Cotton Subindex Total Return ETN is 49.41%, recorded on Apr 1, 2020. It took 378 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-49.41%Jun 15, 2018452Apr 1, 2020378Sep 30, 2021830
-45.64%May 5, 2022124Oct 31, 2022
-11.87%Nov 18, 202110Dec 2, 202128Jan 12, 202238
-7.2%Feb 1, 202223Mar 4, 202210Mar 18, 202233
-6.79%Oct 8, 20214Oct 13, 202111Oct 28, 202115
-6.3%Mar 9, 20189Apr 4, 201812Apr 20, 201821
-5.61%Mar 29, 20229Apr 8, 20223Apr 13, 202212
-5.42%Apr 19, 20225Apr 25, 20223Apr 28, 20228
-4.13%Apr 24, 20181Apr 24, 20188May 4, 20189
-3.93%May 7, 20185May 11, 20185May 18, 201810

BALVolatility Chart

Current iPath Series B Bloomberg Cotton Subindex Total Return ETN volatility is 45.00%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


20.00%40.00%60.00%80.00%100.00%JulyAugustSeptemberOctoberNovemberDecember
45.00%
22.83%
BAL (iPath Series B Bloomberg Cotton Subindex Total Return ETN)
Benchmark (^GSPC)