ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML)
USML is a passive ETF by UBS tracking the investment results of the MSCI USA Minimum Volatility Index. USML launched on Feb 4, 2021 and has a 0.95% expense ratio.
ETF Info
Feb 4, 2021
North America (U.S.)
2x
MSCI USA Minimum Volatility Index
Share Price Chart
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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 Minimum Volatility 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 Minimum Volatility Factor TR ETN had a return of 31.89% year-to-date (YTD) and 42.10% in the last 12 months.
USML
31.89%
-3.47%
16.30%
42.10%
N/A
N/A
^GSPC (Benchmark)
23.56%
0.49%
11.03%
30.56%
13.70%
11.10%
Monthly Returns
The table below presents the monthly returns of USML, 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 | 4.09% | 3.52% | 5.55% | -7.78% | 4.78% | 3.20% | 6.86% | 8.99% | 0.26% | -3.09% | 31.89% | ||
| 2023 | 1.90% | -7.05% | 6.08% | 2.55% | -7.08% | 9.01% | 1.75% | -1.56% | -6.34% | -2.34% | 10.78% | 5.14% | 11.37% |
| 2022 | -11.39% | -6.63% | 12.11% | -11.32% | -0.23% | -9.39% | 10.21% | -6.01% | -14.80% | 14.82% | 9.95% | -6.92% | -22.87% |
| 2021 | -5.41% | 10.92% | 7.24% | 1.64% | 3.43% | 6.56% | 3.79% | -9.66% | 10.78% | -4.06% | 13.15% | 42.12% |
Expense Ratio
USML has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of USML 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 Minimum Volatility Factor TR ETN (USML) 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 Minimum Volatility 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 Minimum Volatility Factor TR ETN was 35.34%, occurring on Oct 14, 2022. Recovery took 436 trading sessions.
The current ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN drawdown is 4.33%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -35.34% | Dec 30, 2021 | 200 | Oct 14, 2022 | 436 | Jul 12, 2024 | 636 |
| -11.89% | Sep 7, 2021 | 20 | Oct 4, 2021 | 30 | Nov 15, 2021 | 50 |
| -8.41% | Feb 10, 2021 | 16 | Mar 4, 2021 | 6 | Mar 12, 2021 | 22 |
| -6.89% | Nov 17, 2021 | 10 | Dec 1, 2021 | 7 | Dec 10, 2021 | 17 |
| -6.43% | Oct 21, 2024 | 11 | Nov 4, 2024 | 5 | Nov 11, 2024 | 16 |
Volatility
Volatility Chart
The current ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN volatility is 6.07%, 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.