IWDL vs. BEG
IWDL (ETRACS 2x Leveraged US Value Factor TR ETN) and BEG (Leverage Shares 2X Long BE Daily ETF) are both Leveraged Equities funds. IWDL is passively managed, while BEG is actively managed. At a 0.37 correlation, their price movements are largely independent. IWDL charges 0.95%/yr vs 0.75%/yr for BEG.
Performance
IWDL vs. BEG - Performance Comparison
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Returns By Period
In the year-to-date period, IWDL achieves a 28.58% return, which is significantly lower than BEG's 658.88% return.
IWDL
- 1D
- -1.65%
- 1M
- 3.97%
- YTD
- 28.58%
- 6M
- 26.90%
- 1Y
- 53.41%
- 3Y*
- 29.95%
- 5Y*
- 14.46%
- 10Y*
- —
BEG
- 1D
- -13.66%
- 1M
- 4.00%
- YTD
- 658.88%
- 6M
- 577.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWDL vs. BEG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IWDL ETRACS 2x Leveraged US Value Factor TR ETN | 28.58% | -0.98% |
BEG Leverage Shares 2X Long BE Daily ETF | 658.88% | 1.77% |
Correlation
The correlation between IWDL and BEG is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025 | 0.37 |
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Return for Risk
IWDL vs. BEG — Risk / Return Rank
IWDL
BEG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IWDL vs. BEG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) and Leverage Shares 2X Long BE Daily ETF (BEG). 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.
| IWDL | BEG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.97 | — | — |
| Martin ratioReturn relative to average drawdown | 16.20 | — | — |
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Drawdowns
IWDL vs. BEG - Drawdown Comparison
The maximum IWDL drawdown since its inception was -37.95%, smaller than the maximum BEG drawdown of -59.85%. Use the drawdown chart below to compare losses from any high point for IWDL and BEG.
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Drawdown Indicators
| IWDL | BEG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.95% | -59.85% | +21.90% |
Max Drawdown (1Y)Largest decline over 1 year | -13.53% | — | — |
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 | -2.12% | -13.66% | +11.54% |
Average DrawdownAverage peak-to-trough decline | -10.50% | -16.74% | +6.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | — | — |
Volatility
IWDL vs. BEG - Volatility Comparison
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Volatility by Period
| IWDL | BEG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.25% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 18.33% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.35% | 212.91% | -189.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.33% | 212.91% | -182.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.00% | 212.91% | -182.91% |
IWDL vs. BEG - Expense Ratio Comparison
IWDL has a 0.95% expense ratio, which is higher than BEG's 0.75% expense ratio.
Dividends
IWDL vs. BEG - Dividend Comparison
Neither IWDL nor BEG has paid dividends to shareholders.
Frequently Asked Questions
IWDL and BEG have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BEG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BEG is cheaper with a 0.75% expense ratio, compared with 0.95% for IWDL.
IWDL and BEG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: UBS and Leverage Shares. Their fees differ too: 0.95% for IWDL and 0.75% for BEG.
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