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ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) Sharpe Ratio: 1.36

ETF · Currency in USD · Last updated Jun 23, 2026

CEFD is a passive ETF by UBS tracking the investment results of the S-Network Composite Closed-End Fund Index (150%). CEFD launched on Jun 2, 2020 and has a 0.95% expense ratio.

CEFD's Sharpe Ratio of 1.36 indicates that for each unit of volatility, it generates 1.36 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

CEFD Sharpe Ratio Rank

CEFD Sharpe Ratio Rank: 39.540
Below Average

CEFD ranks above 39.5% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

CEFD Sharpe Ratio Market Positioning

The chart shows CEFD's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.31
  • Green zone (top 25%): 2.31 or higher
  • Top 1%: 7.32+
  • Median: 1.68 — half of all investments score higher

How it compares to other similar ETFs

The table compares CEFD's Sharpe Ratio with other similar investments across multiple time periods.

Data shows available time periods plus all-time averages, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
MULLGraniteShares 2x Long MU Daily ETF34.53
TBLLInvesco Short Term Treasury ETF20.65
SGOViShares 0-3 Month Treasury Bond ETF20.38
PMMFiShares Prime Money Market ETF19.46
BILSPDR Bloomberg 1-3 Month T-Bill ETF19.37
BILZPIMCO Ultra Short Government Active Exchange-Traded Fund18.70
SHViShares 0-1 Year Treasury Bond ETF18.56
VBILVanguard 0-3 Month Treasury Bill ETF18.07
CLIPGlobal X 1-3 Month T-Bill ETF17.97
SGVTSchwab Government Money Market ETF17.39
CEFDETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN1.36

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows CEFD's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when CEFD consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does CEFD fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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