- Issuer
- UBS
- Inception Date
- Feb 5, 2021
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- Russell 1000 Growth (200%)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $6M
Share Price Chart
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Performance
IWFL Performance Chart
ETRACS 2x Leveraged US Growth Factor TR ETN (IWFL) is up 12.5% since the beginning of the year. IWFL is currently trading at $64 per share. Investors who bought $1,000 worth of IWFL shares 5 years ago would now be looking at an investment worth $2,533.
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Returns By Period
ETRACS 2x Leveraged US Growth Factor TR ETN (IWFL) has returned 12.54% so far this year and 48.76% over the past 12 months.
ETRACS 2x Leveraged US Growth Factor TR ETN
- 1D
- -0.80%
- 1M
- 12.28%
- YTD
- 12.54%
- 6M
- 10.59%
- 1Y
- 48.76%
- 3Y*
- 39.45%
- 5Y*
- 20.43%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
IWFL Monthly Returns History
Based on dividend-adjusted daily data since Feb 5, 2021, IWFL's average daily return is +0.11%, while the average monthly return is +2.07%. At this rate, an investment would double in approximately 2.8 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2026 with a return of +25.2%, while the worst month was Apr 2022 at -24.8%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 5 months.
On a daily basis, IWFL closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +34.7%, while the worst single day was Apr 10, 2025 at -15.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.70% | -10.99% | -7.73% | 25.24% | 13.01% | 0.54% | 12.54% | ||||||
| 2025 | 3.38% | -7.80% | -17.61% | -3.02% | 16.78% | 11.18% | 6.49% | 1.65% | 10.05% | 6.75% | -4.28% | -1.52% | 18.54% |
| 2024 | 4.52% | 12.92% | 2.69% | -8.63% | 10.94% | 13.34% | -5.58% | 4.26% | 4.88% | -0.73% | 12.36% | 0.98% | 61.94% |
| 2023 | 16.13% | -2.26% | 12.68% | 1.22% | 8.57% | 12.47% | 5.66% | -2.05% | -11.57% | -3.36% | 22.25% | 7.92% | 84.47% |
| 2022 | -16.56% | -9.35% | 9.43% | -24.76% | -5.21% | -20.26% | 24.52% | -8.62% | -19.07% | 10.56% | 7.62% | -14.13% | -55.71% |
| 2021 | -8.89% | 3.41% | 13.62% | -2.76% | 12.44% | 6.09% | 7.32% | -11.07% | 17.57% | 1.09% | 3.69% | 46.03% |
Benchmark Metrics
ETRACS 2x Leveraged US Growth Factor TR ETN has an annualized alpha of -7.68%, beta of 2.59, and R2 of 0.88 versus S&P 500 Index. Calculated based on daily prices since February 08, 2021.
- This ETF captured 267.21% of S&P 500 Index gains and 187.38% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This ETF had an annualized alpha of -7.68% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 2.59 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- -7.68%
- Beta
- 2.59
- R²
- 0.88
- Upside Capture
- 267.21%
- Downside Capture
- 187.38%
Expense Ratio
IWFL has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
IWFL ranks 36 for risk / return — below 36% 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 2x Leveraged US Growth Factor TR ETN (IWFL) and compare them to S&P 500 Index.
| IWFL | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.53 | 2.39 | -0.86 |
Sortino ratioReturn per unit of downside risk | 2.01 | 3.25 | -1.24 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.43 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.49 | 3.11 | -1.62 |
Martin ratioReturn relative to average drawdown | 4.76 | 14.38 | -9.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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.
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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 0.80%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -59.29%Oct 2022 | 9mo 20d | 1y 7mo | 2y 4moDec 2021 - May 2024 |
2025 selloff2025 | -46.84%Apr 2025 | 3mo 22d | 4mo 6d | 7mo 28dDec 2024 - Aug 2025 |
2026 bear market2026 | -32.80%Mar 2026 | 5mo 1d | 1mo 15d | 6mo 16dOct 2025 - May 2026 |
2024 bear market2024 | -27.10%Aug 2024 | 25d | 2mo 25d | 3mo 20dJul 2024 - Oct 2024 |
2021 correction2021 | -18.97%Mar 2021 | 20d | 1mo 2d | 1mo 22dFeb 2021 - Apr 2021 |
Drawdown Indicators
| IWFL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.29% | -56.78% | -2.51% |
Max Drawdown (1Y)Largest decline over 1 year | -32.80% | -9.10% | -23.70% |
Max Drawdown (3Y)Largest decline over 3 years | -46.84% | -18.90% | -27.94% |
Max Drawdown (5Y)Largest decline over 5 years | -59.29% | -25.43% | -33.86% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.80% | 0.00% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -19.95% | -10.72% | -9.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.28% | 1.97% | +8.31% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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