Leveraged Defense - 2024 April
Defensive sector/factor ETFs
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
CURE Direxion Daily Healthcare Bull 3x Shares | Leveraged Equities, Leveraged | 16.67% |
DRN Direxion Daily Real Estate Bull 3x Shares | REIT, Leveraged | 16.67% |
QULL ETRACS 2x Leveraged MSCI US Quality Factor TR ETN | Leveraged Equities, Leveraged | 16.67% |
UGE ProShares Ultra Consumer Goods | Leveraged Equities, Leveraged | 16.67% |
USML ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN | Leveraged Equities, Leveraged | 16.67% |
UTSL Direxion Daily Utilities Bull 3X Shares | Leveraged Equities, Leveraged | 16.67% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Leveraged Defense - 2024 April, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced every 3 months.
The earliest data available for this chart is Feb 5, 2021, corresponding to the inception date of USML
Returns By Period
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -7.22% | -2.81% | -5.79% | 4.74% | 14.41% | 10.03% |
| Leveraged Defense - 2024 April | -5.90% | -12.27% | -18.22% | 5.24% | N/A | N/A |
| Portfolio components: | ||||||
UTSL Direxion Daily Utilities Bull 3X Shares | -4.22% | -9.29% | -16.81% | 34.59% | 4.71% | N/A |
UGE ProShares Ultra Consumer Goods | 0.04% | -8.41% | -7.23% | 9.32% | 14.56% | 9.25% |
DRN Direxion Daily Real Estate Bull 3x Shares | -15.54% | -20.85% | -31.57% | -11.71% | -3.19% | -6.60% |
USML ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN | 1.70% | -6.55% | -5.44% | 14.82% | N/A | N/A |
QULL ETRACS 2x Leveraged MSCI US Quality Factor TR ETN | -16.00% | -9.70% | -19.11% | -2.53% | N/A | N/A |
CURE Direxion Daily Healthcare Bull 3x Shares | -2.11% | -18.34% | -30.89% | -20.26% | 14.35% | 9.42% |
Monthly Returns
The table below presents the monthly returns of Leveraged Defense - 2024 April, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 7.06% | 5.05% | -5.26% | -11.69% | -5.90% | ||||||||
| 2024 | -1.13% | 5.89% | 7.43% | -9.54% | 11.29% | -0.81% | 9.59% | 11.93% | 4.69% | -7.24% | 7.79% | -15.97% | 21.17% |
| 2023 | 6.96% | -10.28% | 3.92% | 4.32% | -10.60% | 9.55% | 3.75% | -7.34% | -12.29% | -5.00% | 17.21% | 10.63% | 5.82% |
| 2022 | -14.78% | -7.58% | 16.63% | -13.14% | -1.96% | -14.99% | 16.86% | -9.45% | -22.01% | 12.00% | 13.00% | -9.42% | -37.08% |
| 2021 | -8.73% | 14.74% | 11.64% | 0.41% | 3.52% | 9.25% | 5.84% | -13.40% | 17.18% | -4.89% | 19.09% | 61.51% |
Expense Ratio
Leveraged Defense - 2024 April has a high expense ratio of 0.99%, indicating above-average management fees. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of Leveraged Defense - 2024 April is 47, indicating average performance compared to other portfolios on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
UTSL Direxion Daily Utilities Bull 3X Shares | 0.72 | 1.21 | 1.16 | 0.64 | 2.80 |
UGE ProShares Ultra Consumer Goods | 0.40 | 0.72 | 1.09 | 0.22 | 1.42 |
DRN Direxion Daily Real Estate Bull 3x Shares | -0.15 | 0.16 | 1.02 | -0.11 | -0.48 |
USML ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN | 0.61 | 0.98 | 1.14 | 0.77 | 3.02 |
QULL ETRACS 2x Leveraged MSCI US Quality Factor TR ETN | -0.07 | 0.17 | 1.02 | -0.07 | -0.34 |
CURE Direxion Daily Healthcare Bull 3x Shares | -0.48 | -0.43 | 0.94 | -0.44 | -1.07 |
Dividends
Dividend yield
Leveraged Defense - 2024 April provided a 1.28% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.28% | 1.08% | 1.61% | 0.83% | 0.94% | 0.65% | 1.48% | 1.01% | 0.39% | 0.13% | 0.10% | 0.09% |
| Portfolio components: | ||||||||||||
UTSL Direxion Daily Utilities Bull 3X Shares | 1.91% | 1.61% | 3.61% | 1.15% | 1.20% | 1.40% | 5.01% | 1.46% | 0.57% | 0.00% | 0.00% | 0.00% |
UGE ProShares Ultra Consumer Goods | 1.64% | 1.43% | 1.19% | 0.74% | 0.20% | 0.41% | 0.87% | 0.76% | 0.68% | 0.76% | 0.60% | 0.55% |
DRN Direxion Daily Real Estate Bull 3x Shares | 2.95% | 2.25% | 2.84% | 2.70% | 4.21% | 1.91% | 2.59% | 3.12% | 0.92% | 0.00% | 0.00% | 0.00% |
USML ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QULL ETRACS 2x Leveraged MSCI US Quality Factor TR ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CURE Direxion Daily Healthcare Bull 3x Shares | 1.18% | 1.17% | 2.02% | 0.38% | 0.02% | 0.17% | 0.40% | 0.70% | 0.18% | 0.00% | 0.00% | 0.00% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Leveraged Defense - 2024 April. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Leveraged Defense - 2024 April was 50.77%, occurring on Oct 27, 2023. The portfolio has not yet recovered.
The current Leveraged Defense - 2024 April drawdown is 24.08%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -50.77% | Jan 3, 2022 | 458 | Oct 27, 2023 | — | — | — |
| -16.03% | Sep 3, 2021 | 19 | Sep 30, 2021 | 23 | Nov 2, 2021 | 42 |
| -13.11% | Feb 16, 2021 | 13 | Mar 4, 2021 | 7 | Mar 15, 2021 | 20 |
| -9.2% | Nov 4, 2021 | 19 | Dec 1, 2021 | 5 | Dec 8, 2021 | 24 |
| -7.64% | May 11, 2021 | 2 | May 12, 2021 | 16 | Jun 4, 2021 | 18 |
Volatility
Volatility Chart
The current Leveraged Defense - 2024 April volatility is 21.48%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Diversification
Asset Correlations Table
| UTSL | UGE | QULL | DRN | CURE | USML | |
|---|---|---|---|---|---|---|
| UTSL | 1.00 | 0.47 | 0.38 | 0.63 | 0.51 | 0.63 |
| UGE | 0.47 | 1.00 | 0.65 | 0.58 | 0.58 | 0.72 |
| QULL | 0.38 | 0.65 | 1.00 | 0.61 | 0.65 | 0.82 |
| DRN | 0.63 | 0.58 | 0.61 | 1.00 | 0.61 | 0.73 |
| CURE | 0.51 | 0.58 | 0.65 | 0.61 | 1.00 | 0.82 |
| USML | 0.63 | 0.72 | 0.82 | 0.73 | 0.82 | 1.00 |