IWDL vs. PST
Compare and contrast key facts about ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) and ProShares UltraShort 7-10 Year Treasury (PST).
IWDL and PST 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. PST is a passively managed fund by ProShares that tracks the performance of the ICE BofA US Treasury (7-10 Y) (-200%). It was launched on May 1, 2008. Both IWDL and PST are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IWDL vs. PST - Performance Comparison
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IWDL vs. PST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IWDL ETRACS 2x Leveraged US Value Factor TR ETN | 2.06% | 25.02% | 20.68% | 13.50% | -21.27% | 40.35% |
PST ProShares UltraShort 7-10 Year Treasury | 2.06% | -4.42% | 12.27% | 3.17% | 38.55% | 0.80% |
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with IWDL at 2.06% and PST at 2.06%.
IWDL
- 1D
- 4.14%
- 1M
- -9.86%
- YTD
- 2.06%
- 6M
- 8.41%
- 1Y
- 23.96%
- 3Y*
- 20.71%
- 5Y*
- 10.87%
- 10Y*
- —
PST
- 1D
- -0.23%
- 1M
- 5.54%
- YTD
- 2.06%
- 6M
- 2.99%
- 1Y
- 1.28%
- 3Y*
- 6.13%
- 5Y*
- 7.99%
- 10Y*
- 1.99%
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IWDL vs. PST - Expense Ratio Comparison
Both IWDL and PST have an expense ratio of 0.95%.
Return for Risk
IWDL vs. PST — Risk / Return Rank
IWDL
PST
IWDL vs. PST - 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 ProShares UltraShort 7-10 Year Treasury (PST). 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 | PST | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.71 | 0.11 | +0.61 |
Sortino ratioReturn per unit of downside risk | 1.20 | 0.24 | +0.96 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.03 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 0.10 | +1.01 |
Martin ratioReturn relative to average drawdown | 5.17 | 0.16 | +5.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IWDL | PST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.11 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.52 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | -0.39 | +0.84 |
Correlation
The correlation between IWDL and PST is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
IWDL vs. PST - Dividend Comparison
IWDL has not paid dividends to shareholders, while PST's dividend yield for the trailing twelve months is around 3.16%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
PST ProShares UltraShort 7-10 Year Treasury | 3.16% | 3.47% | 3.61% | 3.69% | 0.02% | 0.00% | 0.11% | 1.85% | 0.66% |
Drawdowns
IWDL vs. PST - Drawdown Comparison
The maximum IWDL drawdown since its inception was -37.95%, smaller than the maximum PST drawdown of -79.25%. Use the drawdown chart below to compare losses from any high point for IWDL and PST.
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Drawdown Indicators
| IWDL | PST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.95% | -79.25% | +41.30% |
Max Drawdown (1Y)Largest decline over 1 year | -23.92% | -8.22% | -15.70% |
Max Drawdown (5Y)Largest decline over 5 years | -37.95% | -16.19% | -21.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.07% | — |
Current DrawdownCurrent decline from peak | -9.95% | -64.99% | +55.04% |
Average DrawdownAverage peak-to-trough decline | -10.91% | -61.45% | +50.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.12% | 5.01% | +0.11% |
Volatility
IWDL vs. PST - Volatility Comparison
ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) has a higher volatility of 8.82% compared to ProShares UltraShort 7-10 Year Treasury (PST) at 3.88%. This indicates that IWDL's price experiences larger fluctuations and is considered to be riskier than PST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWDL | PST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.82% | 3.88% | +4.94% |
Volatility (6M)Calculated over the trailing 6-month period | 18.05% | 6.53% | +11.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.77% | 11.90% | +21.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.32% | 15.58% | +14.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.24% | 13.33% | +16.91% |