iPath Series B Bloomberg Cotton Subindex Total Return ETN (BAL)
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
| ISIN | US06746P5483 |
|---|---|
| CUSIP | 06746P548 |
| Issuer | Barclays Capital |
| Inception Date | Jan 17, 2018 |
| Category | Agricultural Commodities |
| Expense Ratio | 0.45% |
| Index Tracked | Bloomberg Cotton Subindex (TR) |
| Asset Class | Commodity |
Trading Data
| Previous Close | $75.79 |
|---|---|
| Year Range | $48.95 - $91.45 |
| EMA (50) | $69.70 |
| EMA (200) | $68.58 |
| Average Volume | $6.14K |
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 $16,288 for a total return of roughly 62.88%. All prices are adjusted for splits and dividends.
BALReturns in periods
| Period | Return | Benchmark |
|---|---|---|
| 1M | 20.24% | 12.08% |
| 6M | 6.19% | -4.97% |
| YTD | 18.48% | -10.20% |
| 1Y | 50.83% | -3.65% |
| 5Y | 11.62% | 11.86% |
| 10Y | 11.62% | 11.86% |
BALMonthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 13.32% | -4.65% | 13.22% | 9.61% | -3.59% | -18.07% | -2.52% | 14.75% | ||||
| 2021 | 3.18% | 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% |
| 2019 | 2.89% | -3.52% | 6.53% | -1.48% | -10.82% | -2.28% | -2.94% | -7.75% | 3.23% | 5.85% | -1.02% | 5.86% |
| 2018 | 6.90% | -0.88% | 3.18% | 11.03% | -7.63% | 6.25% | -7.23% | -6.92% | -0.36% | 0.97% | -8.29% |
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.
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, 2018 | 452 | Apr 1, 2020 | 378 | Sep 30, 2021 | 830 |
| -37.93% | May 5, 2022 | 48 | Jul 14, 2022 | — | — | — |
| -11.87% | Nov 18, 2021 | 10 | Dec 2, 2021 | 28 | Jan 12, 2022 | 38 |
| -7.2% | Feb 1, 2022 | 23 | Mar 4, 2022 | 10 | Mar 18, 2022 | 33 |
| -6.79% | Oct 8, 2021 | 4 | Oct 13, 2021 | 11 | Oct 28, 2021 | 15 |
| -6.3% | Mar 9, 2018 | 9 | Apr 4, 2018 | 12 | Apr 20, 2018 | 21 |
| -5.61% | Mar 29, 2022 | 9 | Apr 8, 2022 | 3 | Apr 13, 2022 | 12 |
| -5.42% | Apr 19, 2022 | 5 | Apr 25, 2022 | 3 | Apr 28, 2022 | 8 |
| -4.13% | Apr 24, 2018 | 1 | Apr 24, 2018 | 8 | May 4, 2018 | 9 |
| -3.93% | May 7, 2018 | 5 | May 11, 2018 | 5 | May 18, 2018 | 10 |
BALVolatility Chart
Current iPath Series B Bloomberg Cotton Subindex Total Return ETN volatility is 31.60%. 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.