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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) has returned -5.27% so far this year and 8.28% over the past 12 months.
ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN
- 1D
- 4.24%
- 1M
- -8.24%
- YTD
- -5.27%
- 6M
- -4.15%
- 1Y
- 8.28%
- 3Y*
- 11.04%
- 5Y*
- 2.39%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jun 3, 2020, CEFD's average daily return is +0.03%, while the average monthly return is +0.72%. At this rate, your investment would double in approximately 8.1 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +15.8%, while the worst month was Sep 2022 at -16.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, CEFD closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +9.7%, while the worst single day was Apr 4, 2025 at -8.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.74% | 0.48% | -8.24% | -5.27% | |||||||||
| 2025 | 5.24% | -0.86% | -4.29% | -3.20% | 5.46% | 4.95% | 1.17% | 3.07% | 1.11% | 1.13% | 0.02% | 0.03% | 14.15% |
| 2024 | 2.85% | 3.33% | 3.41% | -6.07% | 5.66% | 2.85% | 2.64% | 2.81% | 3.61% | -2.14% | 4.02% | -3.83% | 20.06% |
| 2023 | 12.48% | -4.01% | -4.82% | 0.45% | -3.38% | 5.46% | 3.33% | -3.12% | -5.89% | -7.08% | 12.93% | 4.21% | 8.36% |
| 2022 | -7.30% | -5.34% | 1.60% | -9.08% | -0.62% | -10.49% | 10.94% | -2.59% | -16.18% | 7.23% | 8.71% | -6.65% | -28.93% |
| 2021 | -0.17% | 2.86% | 5.07% | 4.77% | 2.85% | 2.70% | -0.15% | 2.37% | -3.69% | 4.12% | -3.35% | 3.22% | 22.09% |
Benchmark Metrics
ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN has an annualized alpha of -3.08%, beta of 0.81, and R² of 0.63 versus S&P 500 Index. Calculated based on daily prices since June 04, 2020.
- This ETF participated in 125.17% of S&P 500 Index downside but only 98.65% of its upside — more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -3.08% versus S&P 500 Index — delivering less than market exposure alone would predict.
- Alpha
- -3.08%
- Beta
- 0.81
- R²
- 0.63
- Upside Capture
- 98.65%
- Downside Capture
- 125.17%
Expense Ratio
CEFD has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
CEFD ranks 25 for risk / return — below 25% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) and compare them to a chosen benchmark (S&P 500 Index).
| CEFD | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.40 | 0.90 | -0.49 |
Sortino ratioReturn per unit of downside risk | 0.68 | 1.39 | -0.71 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.21 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.51 | 1.40 | -0.89 |
Martin ratioReturn relative to average drawdown | 2.32 | 6.61 | -4.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore CEFD risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN provided a 16.09% dividend yield over the last twelve months, with an annual payout of $2.82 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $2.82 | $2.86 | $2.72 | $2.76 | $3.30 | $3.31 | $1.57 |
Dividend yield | 16.09% | 14.88% | 13.90% | 14.76% | 16.56% | 10.31% | 5.37% |
Monthly Dividends
The table displays the monthly dividend distributions for ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.28 | $0.20 | $0.22 | $0.71 | |||||||||
| 2025 | $0.30 | $0.22 | $0.23 | $0.29 | $0.20 | $0.22 | $0.27 | $0.21 | $0.22 | $0.27 | $0.21 | $0.22 | $2.86 |
| 2024 | $0.26 | $0.16 | $0.19 | $0.25 | $0.18 | $0.19 | $0.29 | $0.21 | $0.23 | $0.29 | $0.22 | $0.23 | $2.72 |
| 2023 | $0.35 | $0.19 | $0.23 | $0.27 | $0.23 | $0.20 | $0.25 | $0.21 | $0.21 | $0.26 | $0.19 | $0.18 | $2.76 |
| 2022 | $0.49 | $0.22 | $0.25 | $0.32 | $0.27 | $0.23 | $0.30 | $0.25 | $0.23 | $0.29 | $0.24 | $0.22 | $3.30 |
| 2021 | $0.36 | $0.20 | $0.25 | $0.30 | $0.25 | $0.27 | $0.31 | $0.26 | $0.26 | $0.33 | $0.27 | $0.25 | $3.31 |
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 ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN. 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 ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN was 36.95%, occurring on Oct 25, 2023. Recovery took 446 trading sessions.
The current ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN drawdown is 8.80%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -36.95% | Nov 10, 2021 | 492 | Oct 25, 2023 | 446 | Aug 7, 2025 | 938 |
| -12.51% | Feb 12, 2026 | 32 | Mar 30, 2026 | — | — | — |
| -7.88% | Sep 3, 2020 | 41 | Oct 30, 2020 | 7 | Nov 10, 2020 | 48 |
| -7.1% | Jun 9, 2020 | 3 | Jun 11, 2020 | 33 | Jul 29, 2020 | 36 |
| -5.01% | Oct 9, 2025 | 31 | Nov 20, 2025 | 24 | Dec 26, 2025 | 55 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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