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
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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 | -0.63% | 13.31% | -1.23% | 9.83% | 14.61% | 10.64% |
| Leveraged Defense - 2024 April | -0.17% | 9.71% | -9.77% | 3.76% | N/A | N/A |
| Portfolio components: | ||||||
UTSL Direxion Daily Utilities Bull 3X Shares | 14.62% | 20.18% | -4.28% | 22.11% | 14.61% | N/A |
UGE ProShares Ultra Consumer Goods | 5.09% | 0.58% | 1.69% | 5.68% | 14.37% | 9.13% |
DRN Direxion Daily Real Estate Bull 3x Shares | -7.25% | 7.34% | -23.60% | 5.31% | 4.22% | -4.74% |
USML ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN | 8.24% | 10.48% | 0.59% | 18.46% | N/A | N/A |
QULL ETRACS 2x Leveraged MSCI US Quality Factor TR ETN | -4.98% | 23.87% | -8.16% | 5.83% | N/A | N/A |
CURE Direxion Daily Healthcare Bull 3x Shares | -19.98% | -5.03% | -29.02% | -37.51% | 7.18% | 6.94% |
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% | -5.02% | -1.36% | -0.17% | |||||||
| 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 8, meaning it’s performing worse than 92% of other portfolios on our website when it comes to balancing risk and reward. Below is 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 | 0.43 | 0.96 | 1.12 | 0.52 | 1.73 |
UGE ProShares Ultra Consumer Goods | 0.21 | 0.47 | 1.06 | 0.12 | 0.70 |
DRN Direxion Daily Real Estate Bull 3x Shares | 0.10 | 0.46 | 1.06 | 0.04 | 0.16 |
USML ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN | 0.72 | 1.10 | 1.16 | 0.93 | 3.30 |
QULL ETRACS 2x Leveraged MSCI US Quality Factor TR ETN | 0.15 | 0.54 | 1.08 | 0.18 | 0.65 |
CURE Direxion Daily Healthcare Bull 3x Shares | -0.79 | -0.97 | 0.88 | -0.74 | -1.64 |
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Dividends
Dividend yield
Leveraged Defense - 2024 April provided a 1.22% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.22% | 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 | 1.60% | 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 | 1.56% | 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 | 2.69% | 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 | 1.45% | 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.
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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 19.46%.
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 chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 6 assets, with an effective number of assets of 6.00, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.
Asset Correlations Table
| ^GSPC | UTSL | UGE | CURE | DRN | QULL | USML | Portfolio | |
|---|---|---|---|---|---|---|---|---|
| ^GSPC | 1.00 | 0.40 | 0.65 | 0.64 | 0.63 | 0.97 | 0.80 | 0.78 |
| UTSL | 0.40 | 1.00 | 0.47 | 0.51 | 0.63 | 0.38 | 0.63 | 0.76 |
| UGE | 0.65 | 0.47 | 1.00 | 0.58 | 0.58 | 0.64 | 0.72 | 0.76 |
| CURE | 0.64 | 0.51 | 0.58 | 1.00 | 0.61 | 0.65 | 0.83 | 0.82 |
| DRN | 0.63 | 0.63 | 0.58 | 0.61 | 1.00 | 0.62 | 0.73 | 0.87 |
| QULL | 0.97 | 0.38 | 0.64 | 0.65 | 0.62 | 1.00 | 0.82 | 0.77 |
| USML | 0.80 | 0.63 | 0.72 | 0.83 | 0.73 | 0.82 | 1.00 | 0.93 |
| Portfolio | 0.78 | 0.76 | 0.76 | 0.82 | 0.87 | 0.77 | 0.93 | 1.00 |