BTSG vs. IWDL
BTSG (BrightSpring Health Services, Inc) is a stock, while IWDL (ETRACS 2x Leveraged US Value Factor TR ETN) is Leveraged Equities fund tracking the Russell 1000 Value (200%). Over the past year, BTSG returned 239.78% vs 57.42% for IWDL. At a 0.40 correlation, their price movements are largely independent.
Performance
BTSG vs. IWDL - Performance Comparison
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Returns By Period
In the year-to-date period, BTSG achieves a 82.00% return, which is significantly higher than IWDL's 36.24% return.
BTSG
- 1D
- -0.15%
- 1M
- 6.27%
- 6M
- 72.12%
- YTD
- 82.00%
- 1Y
- 239.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWDL
- 1D
- 1.47%
- 1M
- 4.33%
- 6M
- 26.33%
- YTD
- 36.24%
- 1Y
- 57.42%
- 3Y*
- 29.51%
- 5Y*
- 16.08%
- 10Y*
- —
BTSG vs. IWDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTSG BrightSpring Health Services, Inc | 82.00% | 119.91% | 41.92% |
IWDL ETRACS 2x Leveraged US Value Factor TR ETN | 36.24% | 25.02% | 20.60% |
Correlation
The correlation between BTSG and IWDL is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2024 | 0.40 |
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Return for Risk
BTSG vs. IWDL — Risk / Return Rank
BTSG
IWDL
BTSG vs. IWDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BrightSpring Health Services, Inc (BTSG) and ETRACS 2x Leveraged US Value Factor TR ETN (IWDL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BTSG | IWDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.63 | ||
| Sortino ratioReturn per unit of downside risk | +2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.73 | 1.42 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 26.01 | 4.26 | +21.75 |
| Martin ratioReturn relative to average drawdown | 77.11 | 17.47 | +59.65 |
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Drawdowns
BTSG vs. IWDL - Drawdown Comparison
The maximum BTSG drawdown since its inception was -35.56%, smaller than the maximum IWDL drawdown of -37.95%. Use the drawdown chart below to compare losses from any high point for BTSG and IWDL.
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Drawdown Indicators
| BTSG | IWDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.56% | -37.95% | +2.39% |
Max Drawdown (1Y)Largest decline over 1 year | -9.28% | -13.53% | +4.25% |
Max Drawdown (3Y)Largest decline over 3 years | — | -31.78% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.95% | — |
Current DrawdownCurrent decline from peak | -4.78% | 0.00% | -4.78% |
Average DrawdownAverage peak-to-trough decline | -7.53% | -10.39% | +2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 3.30% | -0.18% |
Volatility
BTSG vs. IWDL - Volatility Comparison
BrightSpring Health Services, Inc (BTSG) has a higher volatility of 6.57% compared to ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) at 5.70%. This indicates that BTSG's price experiences larger fluctuations and is considered to be riskier than IWDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTSG | IWDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.57% | 5.70% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 28.51% | 16.94% | +11.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.53% | 23.30% | +16.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.59% | 30.30% | +13.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.59% | 29.89% | +13.70% |
Dividends
BTSG vs. IWDL - Dividend Comparison
Neither BTSG nor IWDL has paid dividends to shareholders.
Frequently Asked Questions
BTSG and IWDL have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTSG has higher volatility (6.57%) compared to IWDL (5.70%). In terms of maximum drawdown, BTSG dropped -35.56% vs IWDL's -37.95%.
BTSG currently has the higher Sharpe Ratio (6.11 vs 2.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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