IWDL vs. FUTG

Last updated Jun 5, 2026

IWDL (ETRACS 2x Leveraged US Value Factor TR ETN) and FUTG (Leverage Shares 2X Long FUTU Daily ETF) are both Leveraged Equities funds. IWDL is passively managed, while FUTG is actively managed. At a 0.40 correlation, their price movements are largely independent. IWDL charges 0.95%/yr vs 0.75%/yr for FUTG.

Performance

IWDL vs. FUTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) and Leverage Shares 2X Long FUTU Daily ETF (FUTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IWDL achieves a 28.10% return, which is significantly higher than FUTG's -75.86% return.

IWDL

• 1D: 1.23%
• 1M: 6.86%
• YTD: 28.10%
• 6M: 29.30%
• 1Y: 56.29%
• 3Y*: 30.80%
• 5Y*: 13.39%
• 10Y*: —

FUTG

• 1D: -1.36%
• 1M: -71.11%
• YTD: -75.86%
• 6M: -77.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IWDL vs. FUTG - Yearly Performance Comparison

	2026 (YTD)	2025
IWDL ETRACS 2x Leveraged US Value Factor TR ETN	28.10%	7.04%
FUTG Leverage Shares 2X Long FUTU Daily ETF	-75.86%	-0.80%

Correlation

The correlation between IWDL and FUTG is 0.40, 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 Oct 15, 2025	0.40

Return for Risk

IWDL vs. FUTG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWDL

IWDL Risk / Return Rank: 78
IWDL Sharpe Ratio Rank: 78
IWDL Sortino Ratio Rank: 76
IWDL Omega Ratio Rank: 73
IWDL Calmar Ratio Rank: 81
IWDL Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IWDL vs. FUTG - 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 FUTU Daily ETF (FUTG). 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.

	IWDL	FUTG	Difference
Sharpe ratio: Return per unit of total volatility	2.49	—	—
Sortino ratio: Return per unit of downside risk	3.34	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	4.18	—	—
Martin ratio: Return relative to average drawdown	17.20	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IWDL	FUTG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.49	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	-0.66	+1.27

Drawdowns

IWDL vs. FUTG - Drawdown Comparison

The maximum IWDL drawdown since its inception was -37.95%, smaller than the maximum FUTG drawdown of -86.19%. Use the drawdown chart below to compare losses from any high point for IWDL and FUTG.

Drawdown Indicators

	IWDL	FUTG	Difference
Max Drawdown Largest peak-to-trough decline	-37.95%	-86.19%	+48.24%
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 Drawdown Current decline from peak	0.00%	-84.51%	+84.51%
Average Drawdown Average peak-to-trough decline	-10.59%	-40.62%	+30.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.28%	—	—

Volatility

Volatility by Period

	IWDL	FUTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.51%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.64%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.76%	135.59%	-112.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.29%	135.59%	-105.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.01%	135.59%	-105.58%

IWDL vs. FUTG - Expense Ratio Comparison

IWDL has a 0.95% expense ratio, which is higher than FUTG's 0.75% expense ratio.

Dividends

IWDL vs. FUTG - Dividend Comparison

Neither IWDL nor FUTG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IWDL and FUTG in my portfolio?

IWDL and FUTG have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IWDL or FUTG?

On fees, FUTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IWDL or FUTG?

FUTG is cheaper with a 0.75% expense ratio, compared with 0.95% for IWDL.

Which ETF pays a higher dividend yield, IWDL or FUTG?

IWDL and FUTG have nearly identical dividend yields, around 0.00%.

What is the main difference between IWDL and FUTG?

They also come from different issuers: UBS and Leverage Shares. Their fees differ too: 0.95% for IWDL and 0.75% for FUTG.