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
| Issuer | UBS |
|---|---|
| Inception Date | Feb 4, 2021 |
| Region | North America (U.S.) |
| Category | Leveraged Equities, Leveraged |
| Leveraged | 2x |
| Index Tracked | MSCI USA Minimum Volatility Index |
| Asset Class | Equity |
Expense Ratio
USML has a high expense ratio of 0.95%, indicating higher-than-average management fees.
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 12.56% year-to-date (YTD) and 25.98% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 12.56% | 11.29% |
| 1 month | 8.25% | 4.87% |
| 6 months | 21.26% | 17.88% |
| 1 year | 25.98% | 29.16% |
| 5 years (annualized) | N/A | 13.20% |
| 10 years (annualized) | N/A | 10.97% |
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% | 12.56% | ||||||||
| 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% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of USML is 56, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
USML (ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN)
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.
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. The portfolio has not yet recovered.
The current ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN drawdown is 3.68%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -35.34% | Dec 30, 2021 | 200 | Oct 14, 2022 | — | — | — |
| -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 |
| -5.04% | May 11, 2021 | 2 | May 12, 2021 | 20 | Jun 10, 2021 | 22 |
Volatility
Volatility Chart
The current ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN volatility is 3.55%, 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.