HDLB vs. FXAIX
Compare and contrast key facts about ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) and Fidelity 500 Index Fund (FXAIX).
HDLB is a passively managed fund by UBS that tracks the performance of the Solactive US High Dividend Low Volatility (USD)(TR) (200%). It was launched on Oct 24, 2019. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HDLB or FXAIX.
Key characteristics
| HDLB | FXAIX | |
|---|---|---|
| YTD Return | 5.63% | 10.03% |
| 1Y Return | 18.99% | 28.42% |
| 3Y Return (Ann) | 0.43% | 9.64% |
| Sharpe Ratio | 0.54 | 2.44 |
| Daily Std Dev | 32.20% | 11.57% |
| Max Drawdown | -78.70% | -33.79% |
| Current Drawdown | -29.67% | -0.47% |
Correlation
The correlation between HDLB and FXAIX is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HDLB vs. FXAIX - Performance Comparison
In the year-to-date period, HDLB achieves a 5.63% return, which is significantly lower than FXAIX's 10.03% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HDLB vs. FXAIX - Expense Ratio Comparison
HDLB has a 1.65% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
HDLB vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) and Fidelity 500 Index Fund (FXAIX). 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.
Dividends
HDLB vs. FXAIX - Dividend Comparison
HDLB's dividend yield for the trailing twelve months is around 11.44%, more than FXAIX's 1.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 11.44% | 12.36% | 12.27% | 8.08% | 16.23% | 0.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.33% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
HDLB vs. FXAIX - Drawdown Comparison
The maximum HDLB drawdown since its inception was -78.70%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for HDLB and FXAIX. For additional features, visit the drawdowns tool.
Volatility
HDLB vs. FXAIX - Volatility Comparison
ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) has a higher volatility of 7.62% compared to Fidelity 500 Index Fund (FXAIX) at 3.93%. This indicates that HDLB's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.