ETRACS 2x Leveraged MSCI US Quality Factor TR ETN (QULL)
QULL is a passive ETF by UBS tracking the investment results of the MSCI USA Sector Neutral Quality Index. QULL 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 | MSCI USA Sector Neutral Quality Index |
| Asset Class | Equity |
Expense Ratio
QULL has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ETRACS 2x Leveraged MSCI US Quality 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 MSCI US Quality Factor TR ETN had a return of 48.20% year-to-date (YTD) and 68.05% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 48.20% | 25.82% |
| 1 month | 2.55% | 3.20% |
| 6 months | 24.40% | 14.94% |
| 1 year | 68.05% | 35.92% |
| 5 years (annualized) | N/A | 14.22% |
| 10 years (annualized) | N/A | 11.43% |
Monthly Returns
The table below presents the monthly returns of QULL, 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 | 4.10% | 12.34% | 4.42% | -8.99% | 10.34% | 6.08% | 0.43% | 6.39% | 1.74% | -3.22% | 48.20% | ||
| 2023 | 13.04% | -5.32% | 8.83% | 2.77% | 0.84% | 12.44% | 6.58% | -1.26% | -10.71% | -3.46% | 17.25% | 8.80% | 57.07% |
| 2022 | -13.35% | -9.04% | 8.77% | -16.80% | -0.52% | -20.15% | 19.08% | -9.71% | -19.78% | 15.94% | 13.78% | -10.02% | -42.00% |
| 2021 | -1.79% | 8.98% | 9.11% | 2.14% | 6.42% | 6.31% | 5.60% | -12.33% | 15.27% | -1.36% | 6.56% | 51.37% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of QULL is 77, placing it in the top 23% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ETRACS 2x Leveraged MSCI US Quality Factor TR ETN (QULL) 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 MSCI US Quality 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 MSCI US Quality Factor TR ETN was 51.83%, occurring on Oct 14, 2022. Recovery took 329 trading sessions.
The current ETRACS 2x Leveraged MSCI US Quality Factor TR ETN drawdown is 2.29%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -51.83% | Dec 30, 2021 | 200 | Oct 14, 2022 | 329 | Feb 7, 2024 | 529 |
| -15.88% | Jul 17, 2024 | 14 | Aug 5, 2024 | 12 | Aug 21, 2024 | 26 |
| -14.53% | Aug 31, 2021 | 24 | Oct 4, 2021 | 19 | Oct 29, 2021 | 43 |
| -12.97% | Mar 22, 2024 | 20 | Apr 19, 2024 | 18 | May 15, 2024 | 38 |
| -8.49% | Nov 17, 2021 | 10 | Dec 1, 2021 | 17 | Dec 27, 2021 | 27 |
Volatility
Volatility Chart
The current ETRACS 2x Leveraged MSCI US Quality Factor TR ETN volatility is 8.05%, 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.