IWFL vs. FOCPX
Compare and contrast key facts about ETRACS 2x Leveraged US Growth Factor TR ETN (IWFL) and Fidelity OTC Portfolio (FOCPX).
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. FOCPX is managed by Fidelity. It was launched on Dec 31, 1984.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IWFL or FOCPX.
Key characteristics
| IWFL | FOCPX | |
|---|---|---|
| YTD Return | 60.41% | 31.52% |
| 1Y Return | 83.17% | 40.75% |
| 3Y Return (Ann) | 9.97% | 7.56% |
| Sharpe Ratio | 2.33 | 2.40 |
| Sortino Ratio | 2.78 | 3.10 |
| Omega Ratio | 1.41 | 1.43 |
| Calmar Ratio | 2.99 | 2.80 |
| Martin Ratio | 12.69 | 9.60 |
| Ulcer Index | 7.12% | 4.53% |
| Daily Std Dev | 38.65% | 18.07% |
| Max Drawdown | -59.29% | -94.80% |
| Current Drawdown | 0.00% | -0.55% |
Correlation
The correlation between IWFL and FOCPX is 0.96, 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. FOCPX - Performance Comparison
In the year-to-date period, IWFL achieves a 60.41% return, which is significantly higher than FOCPX's 31.52% 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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IWFL vs. FOCPX - Expense Ratio Comparison
IWFL has a 0.95% expense ratio, which is higher than FOCPX's 0.80% expense ratio.
Risk-Adjusted Performance
IWFL vs. FOCPX - 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 Fidelity OTC Portfolio (FOCPX). 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. FOCPX - Dividend Comparison
IWFL has not paid dividends to shareholders, while FOCPX's dividend yield for the trailing twelve months is around 10.44%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWFL ETRACS 2x Leveraged US Growth 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% |
FOCPX Fidelity OTC Portfolio | 10.44% | 0.05% | 4.06% | 11.53% | 6.23% | 7.58% | 7.93% | 4.86% | 3.24% | 5.41% | 12.91% | 13.54% |
Drawdowns
IWFL vs. FOCPX - Drawdown Comparison
The maximum IWFL drawdown since its inception was -59.29%, smaller than the maximum FOCPX drawdown of -94.80%. Use the drawdown chart below to compare losses from any high point for IWFL and FOCPX. For additional features, visit the drawdowns tool.
Volatility
IWFL vs. FOCPX - Volatility Comparison
ETRACS 2x Leveraged US Growth Factor TR ETN (IWFL) has a higher volatility of 14.40% compared to Fidelity OTC Portfolio (FOCPX) at 5.08%. This indicates that IWFL's price experiences larger fluctuations and is considered to be riskier than FOCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.