IWDL vs. QLD
Compare and contrast key facts about ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) and ProShares Ultra QQQ (QLD).
IWDL and QLD 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. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006. Both IWDL and QLD 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 QLD.
Key characteristics
| IWDL | QLD | |
|---|---|---|
| YTD Return | 35.62% | 45.67% |
| 1Y Return | 63.36% | 69.66% |
| 3Y Return (Ann) | 7.30% | 8.14% |
| Sharpe Ratio | 3.10 | 2.21 |
| Sortino Ratio | 3.93 | 2.67 |
| Omega Ratio | 1.51 | 1.36 |
| Calmar Ratio | 2.38 | 2.63 |
| Martin Ratio | 17.89 | 9.62 |
| Ulcer Index | 3.74% | 8.01% |
| Daily Std Dev | 21.57% | 34.76% |
| Max Drawdown | -37.95% | -83.13% |
| Current Drawdown | 0.00% | -0.13% |
Correlation
The correlation between IWDL and QLD is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IWDL vs. QLD - Performance Comparison
In the year-to-date period, IWDL achieves a 35.62% return, which is significantly lower than QLD's 45.67% 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. QLD - Expense Ratio Comparison
Both IWDL and QLD have an expense ratio of 0.95%.
Risk-Adjusted Performance
IWDL vs. QLD - 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 QQQ (QLD). 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. QLD - Dividend Comparison
IWDL has not paid dividends to shareholders, while QLD's dividend yield for the trailing twelve months is around 0.26%.
| 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% |
QLD ProShares Ultra QQQ | 0.26% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% | 0.13% |
Drawdowns
IWDL vs. QLD - Drawdown Comparison
The maximum IWDL drawdown since its inception was -37.95%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for IWDL and QLD. For additional features, visit the drawdowns tool.
Volatility
IWDL vs. QLD - Volatility Comparison
The current volatility for ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) is 7.58%, while ProShares Ultra QQQ (QLD) has a volatility of 10.34%. This indicates that IWDL experiences smaller price fluctuations and is considered to be less risky than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.