when compared to the bloomberg barclays ag index, shag has trailed since its inception.s an expense ratio of 12 basis points and gets a green light in the bloomberg traffic light system. scarlet: that does it for "etf iq." make sure to catch us each wednesday. this is bloomberg. ♪ ♪ back -- ren buffett the oracle of omaha landed $10 million in financing as occidental snapped up anadarko. the political crisis in venezuela deepens, threatens to disrupt more oil production. the impact. let's get ready to export. we spoke to the ceo of enterprise products partners, who says almost all of the additional premium crude this year will go to international markets. ? alix: i'm alix steel. welcome to "bloomberg commodities edge."

take a look at the chart of the ag etf this is the barclays aggregate bond index etf it's basically all u.s. wrapped together treasuries, mortgages, and private sector debt all in one. look at the strength of this chart right here this is basically kind of looks like a momentum stock. all you're really looking for is it's a little overbought it's a very strong trend we did get a little overbought there in march and then went to new highs. this obviously means a big bid for safe yield around the world. big beneficiary there. now take a look at stocks versus bonds over the last year this basically shows from bespoke investments whether stocks or bonds have been outperforming over the prior year the 30-year treasury versus the s&p 500. you see when this is higher stocks are outperforming so right here stocks were doing really well back into the highs back in september. obviously this is december when stocks were suffering and bonds were doing well. underperforming by 15% stocks were here you go. we dip back into negative territory over the last 12 months it's been about a two percentage po

barclays says it's trading activity is tightly governed and complies with our tax principles. we are joined by bloomberg spanking reporter in london. it seems complicated. go through the details of what is being alleged. posting, agr -- makebarclays traders profit by lowering the taxes on the dividends and this practice is known as dividend armitage. isalso learned this practice called delta one strategic and this has been one of the most .rofitable at barclays ofhas generated about 10% the prophet of the equity for the oil equity trading. in 2018equity trading made about $2 billion in income. posting, thisur has been one of the most profitable [indiscernible] barclays has been vocal in the past quarter about the performance of the equity financing business. vonnie: what happens next? people have told bloomberg that the defense of this unit and ,his delta one strategic desk it's important to jes staley's defense of the unit is making some inside the bank uncomfortable, even if something has been proven. who decides if something should happen? if the desk should go away? stefania: thinking about the next step. the dividend as a sector has been controversial and there are gray areas. we are not saying there's anyth