HDLB vs. USML
Compare and contrast key facts about ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) and ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML).
HDLB and USML are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. USML is a passively managed fund by UBS that tracks the performance of the MSCI USA Minimum Volatility Index. It was launched on Feb 4, 2021. Both HDLB and USML are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HDLB or USML.
Performance
HDLB vs. USML - Performance Comparison
Returns By Period
In the year-to-date period, HDLB achieves a 42.08% return, which is significantly higher than USML's 31.65% return.
HDLB
42.08%
0.50%
30.30%
59.48%
0.91%
N/A
USML
31.65%
-3.65%
16.22%
41.13%
N/A
N/A
Key characteristics
| HDLB | USML | |
|---|---|---|
| Sharpe Ratio | 2.44 | 2.59 |
| Sortino Ratio | 3.04 | 3.41 |
| Omega Ratio | 1.39 | 1.45 |
| Calmar Ratio | 1.48 | 2.07 |
| Martin Ratio | 15.45 | 15.33 |
| Ulcer Index | 3.90% | 2.73% |
| Daily Std Dev | 24.77% | 16.13% |
| Max Drawdown | -78.70% | -35.34% |
| Current Drawdown | -5.38% | -4.50% |
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HDLB vs. USML - Expense Ratio Comparison
HDLB has a 1.65% expense ratio, which is higher than USML's 0.95% expense ratio.
Correlation
The correlation between HDLB and USML is 0.68, 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.
Risk-Adjusted Performance
HDLB vs. USML - 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 ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML). 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. USML - Dividend Comparison
HDLB's dividend yield for the trailing twelve months is around 8.94%, while USML has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 8.94% | 12.36% | 12.28% | 8.07% | 16.24% | 0.97% |
USML ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HDLB vs. USML - Drawdown Comparison
The maximum HDLB drawdown since its inception was -78.70%, which is greater than USML's maximum drawdown of -35.34%. Use the drawdown chart below to compare losses from any high point for HDLB and USML. For additional features, visit the drawdowns tool.
Volatility
HDLB vs. USML - Volatility Comparison
ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) and ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) have volatilities of 5.79% and 5.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.