IWFL vs. JTEK

Last updated Jun 3, 2026

IWFL (ETRACS 2x Leveraged US Growth Factor TR ETN) and JTEK (JPMorgan U.S. Tech Leaders ETF) are both exchange-traded funds - IWFL is a Leveraged Equities fund tracking the Russell 1000 Growth (200%), while JTEK is a Technology Equities fund actively managed by JPMorgan. IWFL is passively managed, while JTEK is actively managed. Over the past year, IWFL returned 48.76% vs 42.68% for JTEK. Their correlation of 0.87 suggests significant overlap in exposure. IWFL charges 0.95%/yr vs 0.65%/yr for JTEK.

Performance

IWFL vs. JTEK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS 2x Leveraged US Growth Factor TR ETN (IWFL) and JPMorgan U.S. Tech Leaders ETF (JTEK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IWFL achieves a 12.54% return, which is significantly lower than JTEK's 23.40% return.

IWFL

• 1D: -0.80%
• 1M: 12.28%
• YTD: 12.54%
• 6M: 10.59%
• 1Y: 48.76%
• 3Y*: 39.45%
• 5Y*: 20.43%
• 10Y*: —

JTEK

• 1D: 1.15%
• 1M: 14.87%
• YTD: 23.40%
• 6M: 21.73%
• 1Y: 42.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IWFL vs. JTEK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IWFL ETRACS 2x Leveraged US Growth Factor TR ETN	12.54%	18.54%	61.94%	26.55%
JTEK JPMorgan U.S. Tech Leaders ETF	23.40%	19.03%	28.69%	18.14%

Correlation

The correlation between IWFL and JTEK is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (All Time) Calculated using the full available price history since Oct 6, 2023	0.87

The correlation between IWFL and JTEK has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.

Return for Risk

IWFL vs. JTEK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWFL

IWFL Risk / Return Rank: 37
IWFL Sharpe Ratio Rank: 43
IWFL Sortino Ratio Rank: 39
IWFL Omega Ratio Rank: 40
IWFL Calmar Ratio Rank: 30
IWFL Martin Ratio Rank: 32

JTEK

JTEK Risk / Return Rank: 44
JTEK Sharpe Ratio Rank: 50
JTEK Sortino Ratio Rank: 46
JTEK Omega Ratio Rank: 46
JTEK Calmar Ratio Rank: 40
JTEK Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IWFL vs. JTEK - 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 JPMorgan U.S. Tech Leaders ETF (JTEK). 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	JTEK	Difference
Sharpe ratio Return per unit of total volatility	1.53	1.77	-0.23
Sortino ratio Return per unit of downside risk	2.01	2.30	-0.29
Omega ratio Gain probability vs. loss probability	1.27	1.29	-0.03
Calmar ratio Return relative to maximum drawdown	1.52	2.01	-0.49
Martin ratio Return relative to average drawdown	4.86	5.88	-1.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWFL vs. JTEK - Sharpe Ratio Comparison

The current IWFL Sharpe Ratio is 1.53, which is comparable to the JTEK Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of IWFL and JTEK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IWFL	JTEK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	1.77	-0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	1.30	-0.88

Drawdowns

IWFL vs. JTEK - Drawdown Comparison

The maximum IWFL drawdown since its inception was -59.29%, which is greater than JTEK's maximum drawdown of -30.61%. Use the drawdown chart below to compare losses from any high point for IWFL and JTEK.

Drawdown Indicators

	IWFL	JTEK	Difference
Max Drawdown Largest peak-to-trough decline	-59.29%	-30.61%	-28.68%
Max Drawdown (1Y) Largest decline over 1 year	-32.80%	-22.02%	-10.78%
Max Drawdown (3Y) Largest decline over 3 years	-46.84%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-59.29%	—	—
Current Drawdown Current decline from peak	-0.80%	0.00%	-0.80%
Average Drawdown Average peak-to-trough decline	-19.95%	-5.59%	-14.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.28%	7.54%	+2.74%

Volatility

IWFL vs. JTEK - Volatility Comparison

The current volatility for ETRACS 2x Leveraged US Growth Factor TR ETN (IWFL) is 6.11%, while JPMorgan U.S. Tech Leaders ETF (JTEK) has a volatility of 7.13%. This indicates that IWFL experiences smaller price fluctuations and is considered to be less risky than JTEK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWFL	JTEK	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.11%	7.13%	-1.02%
Volatility (6M) Calculated over the trailing 6-month period	25.11%	18.72%	+6.39%
Volatility (1Y) Calculated over the trailing 1-year period	31.98%	24.31%	+7.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.68%	27.39%	+19.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.29%	27.39%	+18.90%

IWFL vs. JTEK - Expense Ratio Comparison

IWFL has a 0.95% expense ratio, which is higher than JTEK's 0.65% expense ratio.

Dividends

IWFL vs. JTEK - Dividend Comparison

Neither IWFL nor JTEK has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IWFL and JTEK in my portfolio?

IWFL and JTEK have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IWFL or JTEK?

JTEK has higher volatility (7.13%) compared to IWFL (6.11%). In terms of maximum drawdown, IWFL dropped -59.29% vs JTEK's -30.61%.

Which ETF is better, IWFL or JTEK?

On 1-year performance, IWFL leads with 48.76% vs 42.68% for JTEK. On fees, JTEK is cheaper at 0.65% per year. On volatility, IWFL has been the lower-risk option at 6.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IWFL or JTEK?

Over the 1-year period, IWFL has performed better with a 48.76% return vs 42.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IWFL or JTEK?

JTEK is cheaper with a 0.65% expense ratio, compared with 0.95% for IWFL.

Which ETF pays a higher dividend yield, IWFL or JTEK?

IWFL and JTEK have nearly identical dividend yields, around 0.00%.

What is the main difference between IWFL and JTEK?

IWFL is categorized as Leveraged Equities, while JTEK is Technology Equities. They also come from different issuers: UBS and JPMorgan. Their fees differ too: 0.95% for IWFL and 0.65% for JTEK.

Which has better risk-adjusted returns?

JTEK currently has the higher Sharpe Ratio (1.77 vs 1.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.