IWDL vs. IWD
Compare and contrast key facts about ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) and iShares Russell 1000 Value ETF (IWD).
IWDL and IWD 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. IWD is a passively managed fund by iShares that tracks the performance of the Russell 1000 Value Index. It was launched on May 22, 2000. Both IWDL and IWD 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 IWD.
Key characteristics
| IWDL | IWD | |
|---|---|---|
| YTD Return | 33.92% | 19.72% |
| 1Y Return | 54.75% | 29.61% |
| 3Y Return (Ann) | 6.82% | 7.52% |
| Sharpe Ratio | 2.86 | 2.95 |
| Sortino Ratio | 3.67 | 4.15 |
| Omega Ratio | 1.47 | 1.54 |
| Calmar Ratio | 2.47 | 4.95 |
| Martin Ratio | 16.47 | 18.79 |
| Ulcer Index | 3.74% | 1.73% |
| Daily Std Dev | 21.58% | 11.02% |
| Max Drawdown | -37.95% | -60.10% |
| Current Drawdown | -1.26% | -0.66% |
Correlation
The correlation between IWDL and IWD is 0.99, 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. IWD - Performance Comparison
In the year-to-date period, IWDL achieves a 33.92% return, which is significantly higher than IWD's 19.72% 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. IWD - Expense Ratio Comparison
IWDL has a 0.95% expense ratio, which is higher than IWD's 0.19% expense ratio.
Risk-Adjusted Performance
IWDL vs. IWD - 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 iShares Russell 1000 Value ETF (IWD). 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. IWD - Dividend Comparison
IWDL has not paid dividends to shareholders, while IWD's dividend yield for the trailing twelve months is around 1.77%.
| 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% |
IWD iShares Russell 1000 Value ETF | 1.77% | 2.02% | 2.15% | 1.62% | 2.05% | 2.45% | 2.71% | 2.09% | 2.25% | 2.47% | 2.00% | 1.95% |
Drawdowns
IWDL vs. IWD - Drawdown Comparison
The maximum IWDL drawdown since its inception was -37.95%, smaller than the maximum IWD drawdown of -60.10%. Use the drawdown chart below to compare losses from any high point for IWDL and IWD. For additional features, visit the drawdowns tool.
Volatility
IWDL vs. IWD - Volatility Comparison
ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) has a higher volatility of 7.55% compared to iShares Russell 1000 Value ETF (IWD) at 3.70%. This indicates that IWDL's price experiences larger fluctuations and is considered to be riskier than IWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.