What is a long-term bond ETF?

A long-term bond ETF invests in bonds with longer maturities, which generally creates higher duration. That means the ETF's price can move a lot when interest rates change.

These ETFs can do well when rates fall, but they can suffer meaningful drawdowns when rates rise. They're often more volatile than people expect from something labeled "bond."

If you're considering a long-term bond ETF, make sure you're comfortable with rate risk and match it to your time horizon. For some investors, long-term bonds are a tactical tool rather than a core holding.