- Issuer
- UBS
- Inception Date
- Jun 2, 2020
- Category
- REIT
- Leveraged
- 1.5x
- Index Tracked
- MVIS US Mortgage REITs Index (150%)
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
- Assets Under Management
- $12M
Share Price Chart
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Performance
MVRL Performance Chart
ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) is down 4.0% since the beginning of the year. MVRL is currently trading at $13 per share. Investors who bought $1,000 worth of MVRL shares 5 years ago would now be looking at an investment worth $638.
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Returns By Period
ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) has returned -3.98% so far this year and 10.94% over the past 12 months.
ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN
- 1D
- -0.99%
- 1M
- -0.34%
- YTD
- -3.98%
- 6M
- -4.63%
- 1Y
- 10.94%
- 3Y*
- 7.05%
- 5Y*
- -8.61%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MVRL Monthly Returns History
Based on dividend-adjusted daily data since Jun 3, 2020, MVRL's average daily return is +0.05%, while the average monthly return is +1.00%. At this rate, an investment would double in approximately 5.8 years.
Historically, 55% of months were positive and 45% were negative. The best month was Nov 2020 with a return of +27.3%, while the worst month was Sep 2022 at -34.9%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, MVRL closed higher 52% of trading days. The best single day was Jun 8, 2020 with a return of +11.7%, while the worst single day was Jun 13, 2022 at -14.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.67% | -1.38% | -7.14% | 10.70% | -7.96% | -0.74% | -3.98% | ||||||
| 2025 | 6.83% | 7.68% | -6.88% | -7.44% | -2.00% | 5.79% | 1.36% | 7.59% | -3.21% | -0.69% | 6.52% | 0.17% | 14.96% |
| 2024 | -6.75% | -1.27% | 5.91% | -8.57% | 5.82% | 0.20% | 9.27% | 2.69% | 1.82% | -7.49% | 3.05% | -6.23% | -3.45% |
| 2023 | 23.44% | -12.27% | -14.94% | 2.24% | -5.19% | 18.16% | 6.61% | -2.89% | -7.87% | -17.18% | 21.30% | 11.10% | 12.30% |
| 2022 | -3.12% | -9.79% | 5.48% | -13.44% | 4.37% | -16.92% | 21.53% | -11.67% | -34.94% | 19.79% | 12.25% | -11.35% | -42.41% |
| 2021 | -2.05% | 13.46% | 7.98% | 5.94% | 0.30% | 2.57% | -4.95% | 3.25% | -2.83% | 5.63% | -9.35% | 1.90% | 21.71% |
Benchmark Metrics
ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN has an annualized alpha of -9.43%, beta of 1.40, and R2 of 0.40 versus S&P 500 Index. Calculated based on daily prices since June 03, 2020.
- This ETF participated in 176.33% of S&P 500 Index downside but only 147.24% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.40 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -9.43%
- Beta
- 1.40
- R²
- 0.40
- Upside Capture
- 147.24%
- Downside Capture
- 176.33%
Expense Ratio
MVRL has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MVRL ranks 14 for risk / return — in the bottom 14% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MVRL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.37 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 2.78 | -2.26 |
| Martin ratioReturn relative to average drawdown | 1.36 | 12.44 | -11.08 |
Dividends
Dividend History
ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN provided a 21.15% dividend yield over the last twelve months, with an annual payout of $2.77 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $2.77 | $2.87 | $3.05 | $3.65 | $5.29 | $5.36 | $2.26 |
Dividend yield | 21.15% | 19.15% | 19.27% | 18.69% | 25.21% | 12.33% | 5.63% |
Monthly Dividends
The table displays the monthly dividend distributions for ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT 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 | $0.08 | $0.50 | $0.09 | $0.10 | $0.51 | $0.10 | $1.37 | ||||||
| 2025 | $0.09 | $0.51 | $0.12 | $0.53 | $0.13 | $0.10 | $0.45 | $0.08 | $0.17 | $0.42 | $0.11 | $0.17 | $2.87 |
| 2024 | $0.57 | $0.08 | $0.06 | $0.57 | $0.14 | $0.05 | $0.56 | $0.11 | $0.14 | $0.46 | $0.14 | $0.15 | $3.05 |
| 2023 | $0.79 | $0.11 | $0.07 | $0.68 | $0.15 | $0.13 | $0.60 | $0.14 | $0.11 | $0.67 | $0.11 | $0.09 | $3.65 |
| 2022 | $1.21 | $0.14 | $0.11 | $0.97 | $0.38 | $0.15 | $0.84 | $0.24 | $0.14 | $0.81 | $0.18 | $0.11 | $5.29 |
| 2021 | $0.98 | $0.11 | $0.09 | $1.00 | $0.28 | $0.17 | $1.03 | $0.03 | $0.16 | $1.05 | $0.29 | $0.18 | $5.36 |
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 Mortgage REIT 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 Mortgage REIT ETN was 60.25%, occurring on Oct 25, 2023. The portfolio has not yet recovered.
The current ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN drawdown is 39.15%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -60.25%Oct 2023 | 2y 4mo | — | 5y 14dJun 2021 - now |
2020 bear market2020 | -23.12%Jul 2020 | 1mo | 4mo 3d | 5mo 3dJun 2020 - Nov 2020 |
2021 pullback2021 | -9.66%May 2021 | 8d | 20d | 28dMay 2021 - Jun 2021 |
2020 pullback2020 | -5.93%Nov 2020 | 5d | 4d | 9dNov 2020 - Dec 2020 |
2020 pullback2020 | -5.86%Nov 2020 | 1d | 4d | 5dNov 2020 - Nov 2020 |
Drawdown Indicators
| MVRL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.25% | -56.78% | -3.47% |
Max Drawdown (1Y)Largest decline over 1 year | -20.93% | -9.10% | -11.83% |
Max Drawdown (3Y)Largest decline over 3 years | -32.20% | -18.90% | -13.30% |
Max Drawdown (5Y)Largest decline over 5 years | -59.63% | -25.43% | -34.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -39.15% | -1.80% | -37.35% |
Average DrawdownAverage peak-to-trough decline | -31.84% | -10.71% | -21.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.05% | 2.03% | +6.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with MVRL
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