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.
Performance
IWDL vs. QLD - Performance Comparison
Loading graphics...
IWDL vs. QLD - 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% |
QLD ProShares Ultra QQQ | -13.35% | 30.36% | 42.82% | 117.72% | -60.52% | 39.33% |
Returns By Period
In the year-to-date period, IWDL achieves a 2.06% return, which is significantly higher than QLD's -13.35% return.
IWDL
- 1D
- 4.14%
- 1M
- -9.86%
- YTD
- 2.06%
- 6M
- 8.41%
- 1Y
- 23.96%
- 3Y*
- 20.71%
- 5Y*
- 10.87%
- 10Y*
- —
QLD
- 1D
- 6.72%
- 1M
- -10.26%
- YTD
- -13.35%
- 6M
- -11.03%
- 1Y
- 37.53%
- 3Y*
- 35.41%
- 5Y*
- 15.27%
- 10Y*
- 29.40%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IWDL vs. QLD - Expense Ratio Comparison
Both IWDL and QLD have an expense ratio of 0.95%.
Return for Risk
IWDL vs. QLD — Risk / Return Rank
IWDL
QLD
IWDL vs. QLD - 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 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.
| IWDL | QLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.71 | 0.84 | -0.13 |
Sortino ratioReturn per unit of downside risk | 1.20 | 1.43 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.49 | -0.38 |
Martin ratioReturn relative to average drawdown | 5.17 | 4.88 | +0.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| IWDL | QLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 0.84 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.34 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.53 | -0.08 |
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.
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 0.19%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 0.19% | 0.17% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.21% | 0.11% |
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.
Loading graphics...
Drawdown Indicators
| IWDL | QLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.95% | -83.13% | +45.18% |
Max Drawdown (1Y)Largest decline over 1 year | -23.92% | -25.13% | +1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -37.95% | -63.68% | +25.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.68% | — |
Current DrawdownCurrent decline from peak | -9.95% | -20.10% | +10.15% |
Average DrawdownAverage peak-to-trough decline | -10.91% | -18.30% | +7.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.12% | 7.67% | -2.55% |
Volatility
IWDL vs. QLD - Volatility Comparison
The current volatility for ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) is 8.82%, while ProShares Ultra QQQ (QLD) has a volatility of 12.96%. 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.
Loading graphics...
Volatility by Period
| IWDL | QLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.82% | 12.96% | -4.14% |
Volatility (6M)Calculated over the trailing 6-month period | 18.05% | 25.55% | -7.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.77% | 44.91% | -11.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.32% | 44.77% | -14.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.24% | 44.47% | -14.23% |