IWDL vs. DDM
Compare and contrast key facts about ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) and ProShares Ultra Dow30 (DDM).
IWDL and DDM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWDL is a passively managed fund by UBS that tracks the performance of the Russell 1000 Value (200%). It was launched on Feb 5, 2021. DDM is a passively managed fund by ProShares that tracks the performance of the Dow Jones Industrial Average Index (200%). It was launched on Jun 21, 2006. Both IWDL and DDM 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: IWDL or DDM.
Key characteristics
| IWDL | DDM | |
|---|---|---|
| YTD Return | 35.62% | 32.41% |
| 1Y Return | 63.36% | 59.52% |
| 3Y Return (Ann) | 7.30% | 10.41% |
| Sharpe Ratio | 3.10 | 2.86 |
| Sortino Ratio | 3.93 | 3.64 |
| Omega Ratio | 1.51 | 1.49 |
| Calmar Ratio | 2.38 | 3.34 |
| Martin Ratio | 17.89 | 15.54 |
| Ulcer Index | 3.74% | 4.06% |
| Daily Std Dev | 21.57% | 22.01% |
| Max Drawdown | -37.95% | -81.70% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between IWDL and DDM is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IWDL vs. DDM - Performance Comparison
In the year-to-date period, IWDL achieves a 35.62% return, which is significantly higher than DDM's 32.41% 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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IWDL vs. DDM - Expense Ratio Comparison
Both IWDL and DDM have an expense ratio of 0.95%.
Risk-Adjusted Performance
IWDL vs. DDM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) and ProShares Ultra Dow30 (DDM). 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
IWDL vs. DDM - Dividend Comparison
IWDL has not paid dividends to shareholders, while DDM's dividend yield for the trailing twelve months is around 0.96%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWDL ETRACS 2x Leveraged US Value Factor TR ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DDM ProShares Ultra Dow30 | 0.96% | 0.27% | 0.83% | 0.18% | 0.31% | 0.62% | 0.89% | 0.68% | 1.69% | 1.23% | 0.78% | 0.39% |
Drawdowns
IWDL vs. DDM - Drawdown Comparison
The maximum IWDL drawdown since its inception was -37.95%, smaller than the maximum DDM drawdown of -81.70%. Use the drawdown chart below to compare losses from any high point for IWDL and DDM. For additional features, visit the drawdowns tool.
Volatility
IWDL vs. DDM - Volatility Comparison
The current volatility for ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) is 7.58%, while ProShares Ultra Dow30 (DDM) has a volatility of 8.93%. This indicates that IWDL experiences smaller price fluctuations and is considered to be less risky than DDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.