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

Correlation

The correlation between IWDL and SPYV 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. SPYV - 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 SPDR Portfolio S&P 500 Value ETF (SPYV). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

IWDL:

0.30

SPYV:

0.34

Sortino Ratio

IWDL:

0.64

SPYV:

0.57

Omega Ratio

IWDL:

1.09

SPYV:

1.08

Calmar Ratio

IWDL:

0.30

SPYV:

0.29

Martin Ratio

IWDL:

1.02

SPYV:

0.98

Ulcer Index

IWDL:

9.41%

SPYV:

5.22%

Daily Std Dev

IWDL:

34.19%

SPYV:

16.03%

Max Drawdown

IWDL:

-37.95%

SPYV:

-58.45%

Current Drawdown

IWDL:

-10.19%

SPYV:

-6.08%

Returns By Period

In the year-to-date period, IWDL achieves a 4.23% return, which is significantly higher than SPYV's 0.82% return.


IWDL

YTD

4.23%

1M

15.92%

6M

-4.37%

1Y

10.09%

3Y*

11.73%

5Y*

N/A

10Y*

N/A

SPYV

YTD

0.82%

1M

8.08%

6M

-3.02%

1Y

5.39%

3Y*

12.60%

5Y*

15.22%

10Y*

9.74%

*Annualized

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SPDR Portfolio S&P 500 Value ETF

IWDL vs. SPYV - Expense Ratio Comparison

IWDL has a 0.95% expense ratio, which is higher than SPYV's 0.04% expense ratio.


Risk-Adjusted Performance

IWDL vs. SPYV — 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 3737
Overall Rank
The Sharpe Ratio Rank of IWDL is 3333
Sharpe Ratio Rank
The Sortino Ratio Rank of IWDL is 3838
Sortino Ratio Rank
The Omega Ratio Rank of IWDL is 3939
Omega Ratio Rank
The Calmar Ratio Rank of IWDL is 3838
Calmar Ratio Rank
The Martin Ratio Rank of IWDL is 3535
Martin Ratio Rank

SPYV
The Risk-Adjusted Performance Rank of SPYV is 3535
Overall Rank
The Sharpe Ratio Rank of SPYV is 3535
Sharpe Ratio Rank
The Sortino Ratio Rank of SPYV is 3434
Sortino Ratio Rank
The Omega Ratio Rank of SPYV is 3535
Omega Ratio Rank
The Calmar Ratio Rank of SPYV is 3838
Calmar Ratio Rank
The Martin Ratio Rank of SPYV is 3535
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. SPYV - 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 SPDR Portfolio S&P 500 Value ETF (SPYV). 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 0.30, which is comparable to the SPYV Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of IWDL and SPYV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

IWDL vs. SPYV - Dividend Comparison

IWDL has not paid dividends to shareholders, while SPYV's dividend yield for the trailing twelve months is around 2.13%.


TTM20242023202220212020201920182017201620152014
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%
SPYV
SPDR Portfolio S&P 500 Value ETF
2.13%2.29%1.75%2.23%2.10%2.38%2.25%2.97%2.77%2.39%2.53%2.19%

Drawdowns

IWDL vs. SPYV - Drawdown Comparison

The maximum IWDL drawdown since its inception was -37.95%, smaller than the maximum SPYV drawdown of -58.45%. Use the drawdown chart below to compare losses from any high point for IWDL and SPYV. For additional features, visit the drawdowns tool.


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Volatility

IWDL vs. SPYV - Volatility Comparison

ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) has a higher volatility of 7.43% compared to SPDR Portfolio S&P 500 Value ETF (SPYV) at 4.00%. This indicates that IWDL's price experiences larger fluctuations and is considered to be riskier than SPYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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