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ETRACS 2x Leveraged MSCI US Minimum Volatility Fac...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

Issuer

UBS

Inception Date

Feb 4, 2021

Region

North America (U.S.)

Leveraged

2x

Index Tracked

MSCI USA Minimum Volatility Index

Asset Class

Equity

Expense Ratio

USML has a high expense ratio of 0.95%, indicating above-average management fees.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


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S&P 500

Returns By Period

ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) returned 8.24% year-to-date (YTD) and 18.46% over the past 12 months.


USML

YTD

8.24%

1M

10.48%

6M

0.59%

1Y

18.46%

3Y*

15.59%

5Y*

N/A

10Y*

N/A

^GSPC (Benchmark)

YTD

-0.67%

1M

10.48%

6M

-1.79%

1Y

10.08%

3Y*

13.71%

5Y*

14.60%

10Y*

10.64%

*Annualized

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20256.94%4.77%-1.38%-2.51%0.48%8.24%
20244.09%3.52%5.55%-7.78%4.78%3.20%6.86%8.99%0.26%-3.09%9.59%-11.85%23.98%
20231.90%-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%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of USML is 72, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of USML is 7272
Overall Rank
The Sharpe Ratio Rank of USML is 6969
Sharpe Ratio Rank
The Sortino Ratio Rank of USML is 6868
Sortino Ratio Rank
The Omega Ratio Rank of USML is 6969
Omega Ratio Rank
The Calmar Ratio Rank of USML is 8080
Calmar Ratio Rank
The Martin Ratio Rank of USML is 7575
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN Sharpe ratios as of May 22, 2025 (values are recalculated daily):

  • 1-Year: 0.72
  • All Time: 0.47

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


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Dividends

Dividend History


ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN doesn't pay dividends

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 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 4.59%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-35.34%Dec 30, 2021200Oct 14, 2022436Jul 12, 2024636
-19.14%Dec 2, 202487Apr 8, 2025
-11.89%Sep 7, 202120Oct 4, 202130Nov 15, 202150
-8.41%Feb 10, 202116Mar 4, 20216Mar 12, 202122
-6.89%Nov 17, 202110Dec 1, 20217Dec 10, 202117

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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