IWFL vs. FBGX
Compare and contrast key facts about ETRACS 2x Leveraged US Growth Factor TR ETN (IWFL) and UBS AG FI Enhanced Large Cap Growth ETN (FBGX).
IWFL and FBGX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWFL is a passively managed fund by UBS that tracks the performance of the Russell 1000 Growth (200%). It was launched on Feb 5, 2021. FBGX is a passively managed fund by UBS that tracks the performance of the Russell 1000 Growth Index (200%). It was launched on Jun 11, 2014. Both IWFL and FBGX 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: IWFL or FBGX.
Key characteristics
| IWFL | FBGX | |
|---|---|---|
| YTD Return | 25.07% | 25.16% |
| 1Y Return | 67.77% | 67.80% |
| 3Y Return (Ann) | 14.06% | 13.26% |
| Sharpe Ratio | 2.28 | 2.29 |
| Daily Std Dev | 29.46% | 29.38% |
| Max Drawdown | -59.29% | -59.88% |
| Current Drawdown | -0.14% | -1.96% |
Correlation
The correlation between IWFL and FBGX is 0.98, 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
IWFL vs. FBGX - Performance Comparison
The year-to-date returns for both investments are quite close, with IWFL having a 25.07% return and FBGX slightly higher at 25.16%. 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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IWFL vs. FBGX - Expense Ratio Comparison
IWFL has a 0.95% expense ratio, which is lower than FBGX's 1.29% expense ratio.
Risk-Adjusted Performance
IWFL vs. FBGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS 2x Leveraged US Growth Factor TR ETN (IWFL) and UBS AG FI Enhanced Large Cap Growth ETN (FBGX). 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
IWFL vs. FBGX - Dividend Comparison
Neither IWFL nor FBGX has paid dividends to shareholders.
Drawdowns
IWFL vs. FBGX - Drawdown Comparison
The maximum IWFL drawdown since its inception was -59.29%, roughly equal to the maximum FBGX drawdown of -59.88%. Use the drawdown chart below to compare losses from any high point for IWFL and FBGX. For additional features, visit the drawdowns tool.
Volatility
IWFL vs. FBGX - Volatility Comparison
ETRACS 2x Leveraged US Growth Factor TR ETN (IWFL) and UBS AG FI Enhanced Large Cap Growth ETN (FBGX) have volatilities of 8.16% and 8.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.