ETRACS 2x Leveraged US Growth Factor TR ETN (IWFL)
IWFL is a passive ETF by UBS tracking the investment results of the Russell 1000 Growth (200%). IWFL launched on Feb 5, 2021 and has a 0.95% expense ratio.
ETF Info
| Issuer | UBS |
|---|---|
| Inception Date | Feb 5, 2021 |
| Region | North America (U.S.) |
| Category | Leveraged Equities, Leveraged |
| Leveraged | 2x |
| Index Tracked | Russell 1000 Growth (200%) |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
IWFL has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: IWFL vs. VONG, IWFL vs. SPXL, IWFL vs. SPY, IWFL vs. QULL, IWFL vs. SMH, IWFL vs. jlgmx, IWFL vs. FBGX, IWFL vs. QLD, IWFL vs. VGT, IWFL vs. FOCPX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ETRACS 2x Leveraged US Growth Factor TR ETN, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
ETRACS 2x Leveraged US Growth Factor TR ETN had a return of 60.33% year-to-date (YTD) and 76.73% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 60.33% | 25.48% |
| 1 month | 6.91% | 2.14% |
| 6 months | 28.29% | 12.76% |
| 1 year | 76.73% | 33.14% |
| 5 years (annualized) | N/A | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of IWFL, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 4.52% | 12.92% | 2.69% | -8.63% | 10.94% | 13.34% | -5.58% | 4.26% | 4.88% | -0.74% | 60.33% | ||
| 2023 | 16.13% | -2.26% | 12.67% | 1.22% | 8.57% | 12.47% | 5.66% | -2.05% | -11.57% | -3.36% | 22.26% | 7.92% | 84.46% |
| 2022 | -16.56% | -9.35% | 9.43% | -24.77% | -5.21% | -20.26% | 24.52% | -8.62% | -19.07% | 10.56% | 7.62% | -14.12% | -55.70% |
| 2021 | -8.89% | 3.41% | 13.62% | -2.77% | 12.44% | 6.09% | 7.32% | -11.07% | 17.57% | 1.09% | 3.70% | 46.03% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of IWFL is 64, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ETRACS 2x Leveraged US Growth Factor TR ETN (IWFL) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
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 ETRACS 2x Leveraged US Growth Factor TR 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 2x Leveraged US Growth Factor TR ETN was 59.29%, occurring on Oct 14, 2022. Recovery took 401 trading sessions.
The current ETRACS 2x Leveraged US Growth Factor TR ETN drawdown is 0.21%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -59.29% | Dec 28, 2021 | 202 | Oct 14, 2022 | 401 | May 21, 2024 | 603 |
| -27.1% | Jul 11, 2024 | 18 | Aug 5, 2024 | 60 | Oct 29, 2024 | 78 |
| -18.97% | Feb 16, 2021 | 15 | Mar 8, 2021 | 23 | Apr 9, 2021 | 38 |
| -14.07% | Sep 8, 2021 | 19 | Oct 4, 2021 | 16 | Oct 26, 2021 | 35 |
| -13.29% | Apr 27, 2021 | 12 | May 12, 2021 | 22 | Jun 14, 2021 | 34 |
Volatility
Volatility Chart
The current ETRACS 2x Leveraged US Growth Factor TR ETN volatility is 14.11%, 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.