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.
Performance
IWFL vs. FOCPX - Performance Comparison
Loading graphics...
IWFL vs. FOCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IWFL ETRACS 2x Leveraged US Growth Factor TR ETN | -19.22% | 18.54% | 61.94% | 84.47% | -55.71% | 46.03% |
FOCPX Fidelity OTC Portfolio | -3.79% | 22.21% | 38.95% | 42.64% | -32.08% | 16.75% |
Returns By Period
In the year-to-date period, IWFL achieves a -19.22% return, which is significantly lower than FOCPX's -3.79% return.
IWFL
- 1D
- 2.15%
- 1M
- -7.96%
- YTD
- -19.22%
- 6M
- -19.55%
- 1Y
- 20.29%
- 3Y*
- 30.77%
- 5Y*
- 13.77%
- 10Y*
- —
FOCPX
- 1D
- 4.33%
- 1M
- -5.08%
- YTD
- -3.79%
- 6M
- 1.09%
- 1Y
- 31.42%
- 3Y*
- 26.50%
- 5Y*
- 13.38%
- 10Y*
- 19.71%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IWFL vs. FOCPX - Expense Ratio Comparison
IWFL has a 0.95% expense ratio, which is higher than FOCPX's 0.80% expense ratio.
Return for Risk
IWFL vs. FOCPX — Risk / Return Rank
IWFL
FOCPX
IWFL vs. FOCPX - Risk-Adjusted Trends 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.
| IWFL | FOCPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.37 | 1.42 | -1.05 |
Sortino ratioReturn per unit of downside risk | 0.95 | 2.05 | -1.10 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.29 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.67 | 2.59 | -1.92 |
Martin ratioReturn relative to average drawdown | 2.10 | 10.61 | -8.51 |
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
| IWFL | FOCPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 1.42 | -1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.60 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.63 | -0.36 |
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.
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 8.08%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 8.08% | 7.78% | 16.76% | 0.05% | 4.06% | 11.53% | 6.23% | 7.58% | 7.93% | 4.86% | 3.24% | 5.41% |
Drawdowns
IWFL vs. FOCPX - Drawdown Comparison
The maximum IWFL drawdown since its inception was -59.29%, smaller than the maximum FOCPX drawdown of -70.25%. Use the drawdown chart below to compare losses from any high point for IWFL and FOCPX.
Loading graphics...
Drawdown Indicators
| IWFL | FOCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.29% | -70.25% | +10.96% |
Max Drawdown (1Y)Largest decline over 1 year | -32.80% | -12.53% | -20.27% |
Max Drawdown (5Y)Largest decline over 5 years | -59.29% | -37.05% | -22.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.05% | — |
Current DrawdownCurrent decline from peak | -25.44% | -7.45% | -17.99% |
Average DrawdownAverage peak-to-trough decline | -20.34% | -17.08% | -3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.42% | 3.06% | +7.36% |
Volatility
IWFL vs. FOCPX - Volatility Comparison
ETRACS 2x Leveraged US Growth Factor TR ETN (IWFL) has a higher volatility of 15.30% compared to Fidelity OTC Portfolio (FOCPX) at 8.08%. 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.
Loading graphics...
Volatility by Period
| IWFL | FOCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.30% | 8.08% | +7.22% |
Volatility (6M)Calculated over the trailing 6-month period | 27.03% | 14.14% | +12.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.74% | 23.04% | +32.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.76% | 22.59% | +24.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.77% | 22.36% | +24.41% |