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. SPXL, IWFL vs. VONG, IWFL vs. SPY, IWFL vs. jlgmx, IWFL vs. SMH, IWFL vs. FBGX
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 14.41% year-to-date (YTD) and 63.01% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 14.41% | 7.26% |
| 1 month | -5.61% | -2.63% |
| 6 months | 52.23% | 22.78% |
| 1 year | 63.01% | 22.71% |
| 5 years (annualized) | N/A | 11.87% |
| 10 years (annualized) | N/A | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 4.52% | 12.92% | 2.69% | |||||||||
| 2023 | -3.36% | 22.26% | 7.92% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of IWFL is 81, placing it in the top 19% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
ETRACS 2x Leveraged US Growth Factor TR ETN(IWFL)
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.
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. The portfolio has not yet recovered.
The current ETRACS 2x Leveraged US Growth Factor TR ETN drawdown is 8.65%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -59.29% | Dec 28, 2021 | 202 | Oct 14, 2022 | — | — | — |
| -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 |
| -9.88% | Nov 22, 2021 | 9 | Dec 3, 2021 | 15 | Dec 27, 2021 | 24 |
Volatility
Volatility Chart
The current ETRACS 2x Leveraged US Growth Factor TR ETN volatility is 9.73%, 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.