(QDVP) iShares US Mortgage Backed - Ratings and Ratios

The iShares US Mortgage Backed Securities UCITS ETF (XETRA:QDVP) is designed to track the performance of the Barclays US Mortgage Backed Securities Index, providing investors with exposure to the US mortgage-backed securities market. The fund aims to deliver a total return, comprising both capital and income returns, that mirrors the indexs performance.

From a categorization perspective, QDVP is classified as a USD Government Bond ETF, indicating its focus on government-backed securities. With an Assets Under Management (AUM) of approximately €421.19 million, the fund has a moderate size, suggesting a reasonable level of liquidity.

To evaluate the ETFs performance, key metrics such as tracking error, yield, and duration can be considered. A lower tracking error indicates a closer alignment with the underlying index. The yield, which represents the income return, can be compared to other similar ETFs or the underlying index. Duration, a measure of interest rate sensitivity, can help investors understand the ETFs potential volatility in response to changes in interest rates.

Additional KPIs that can be used to assess QDVP include the expense ratio, which affects the funds net returns, and the average credit quality of the underlying securities, providing insight into the credit risk associated with the ETF. Furthermore, analyzing the ETFs sector allocation, in this case, the distribution of mortgage-backed securities by issuer or credit quality, can offer a more nuanced understanding of its investment profile.