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IWDL vs. MVV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between IWDL and MVV is 0.85, 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. MVV - 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 ProShares Ultra Midcap 400 (MVV). The values are adjusted to include any dividend payments, if applicable.

-20.00%0.00%20.00%40.00%60.00%80.00%December2025FebruaryMarchAprilMay
48.72%
8.29%
IWDL
MVV

Key characteristics

Sharpe Ratio

IWDL:

0.17

MVV:

-0.26

Sortino Ratio

IWDL:

0.56

MVV:

-0.04

Omega Ratio

IWDL:

1.08

MVV:

0.99

Calmar Ratio

IWDL:

0.24

MVV:

-0.23

Martin Ratio

IWDL:

0.84

MVV:

-0.66

Ulcer Index

IWDL:

9.22%

MVV:

15.71%

Daily Std Dev

IWDL:

33.90%

MVV:

44.31%

Max Drawdown

IWDL:

-37.95%

MVV:

-85.54%

Current Drawdown

IWDL:

-15.34%

MVV:

-28.31%

Returns By Period

In the year-to-date period, IWDL achieves a -1.75% return, which is significantly higher than MVV's -14.71% return.


IWDL

YTD

-1.75%

1M

6.56%

6M

-11.75%

1Y

5.79%

5Y*

N/A

10Y*

N/A

MVV

YTD

-14.71%

1M

7.93%

6M

-24.22%

1Y

-11.42%

5Y*

17.97%

10Y*

8.64%

*Annualized

Compare stocks, funds, or ETFs

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IWDL vs. MVV - Expense Ratio Comparison

Both IWDL and MVV have an expense ratio of 0.95%.


Risk-Adjusted Performance

IWDL vs. MVV — Risk-Adjusted Performance Rank

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

IWDL
The Risk-Adjusted Performance Rank of IWDL is 3838
Overall Rank
The Sharpe Ratio Rank of IWDL is 2929
Sharpe Ratio Rank
The Sortino Ratio Rank of IWDL is 4141
Sortino Ratio Rank
The Omega Ratio Rank of IWDL is 4343
Omega Ratio Rank
The Calmar Ratio Rank of IWDL is 3939
Calmar Ratio Rank
The Martin Ratio Rank of IWDL is 3838
Martin Ratio Rank

MVV
The Risk-Adjusted Performance Rank of MVV is 1111
Overall Rank
The Sharpe Ratio Rank of MVV is 1010
Sharpe Ratio Rank
The Sortino Ratio Rank of MVV is 1414
Sortino Ratio Rank
The Omega Ratio Rank of MVV is 1414
Omega Ratio Rank
The Calmar Ratio Rank of MVV is 88
Calmar Ratio Rank
The Martin Ratio Rank of MVV is 99
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

IWDL vs. MVV - 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 Midcap 400 (MVV). 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.


The current IWDL Sharpe Ratio is 0.17, which is higher than the MVV Sharpe Ratio of -0.26. The chart below compares the historical Sharpe Ratios of IWDL and MVV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00December2025FebruaryMarchAprilMay
0.17
-0.26
IWDL
MVV

Dividends

IWDL vs. MVV - Dividend Comparison

IWDL has not paid dividends to shareholders, while MVV's dividend yield for the trailing twelve months is around 0.50%.


TTM2024202320222021202020192018201720162015
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%
MVV
ProShares Ultra Midcap 400
0.50%0.39%0.77%0.93%0.16%0.29%0.62%0.62%0.21%0.43%0.17%

Drawdowns

IWDL vs. MVV - Drawdown Comparison

The maximum IWDL drawdown since its inception was -37.95%, smaller than the maximum MVV drawdown of -85.54%. Use the drawdown chart below to compare losses from any high point for IWDL and MVV. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%December2025FebruaryMarchAprilMay
-15.34%
-28.31%
IWDL
MVV

Volatility

IWDL vs. MVV - Volatility Comparison

The current volatility for ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) is 11.52%, while ProShares Ultra Midcap 400 (MVV) has a volatility of 15.03%. This indicates that IWDL experiences smaller price fluctuations and is considered to be less risky than MVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%25.00%30.00%December2025FebruaryMarchAprilMay
11.52%
15.03%
IWDL
MVV