IWFL vs. QLD
Compare and contrast key facts about ETRACS 2x Leveraged US Growth Factor TR ETN (IWFL) and ProShares Ultra QQQ (QLD).
IWFL and QLD 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. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006. Both IWFL and QLD 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 QLD.
Correlation
The correlation between IWFL and QLD is 0.97, 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. QLD - Performance Comparison
Key characteristics
IWFL:
1.42
QLD:
1.00
IWFL:
1.94
QLD:
1.46
IWFL:
1.27
QLD:
1.19
IWFL:
2.14
QLD:
1.42
IWFL:
7.89
QLD:
4.42
IWFL:
7.35%
QLD:
8.40%
IWFL:
40.83%
QLD:
37.01%
IWFL:
-59.29%
QLD:
-83.13%
IWFL:
-3.01%
QLD:
-6.87%
Returns By Period
In the year-to-date period, IWFL achieves a 4.87% return, which is significantly higher than QLD's 3.41% return.
IWFL
4.87%
0.77%
36.46%
55.18%
N/A
N/A
QLD
3.41%
-1.09%
24.28%
36.00%
27.84%
30.32%
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IWFL vs. QLD - Expense Ratio Comparison
Both IWFL and QLD have an expense ratio of 0.95%.
Risk-Adjusted Performance
IWFL vs. QLD — Risk-Adjusted Performance Rank
IWFL
QLD
IWFL vs. QLD - 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 ProShares Ultra QQQ (QLD). 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. QLD - Dividend Comparison
IWFL has not paid dividends to shareholders, while QLD's dividend yield for the trailing twelve months is around 0.24%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QLD ProShares Ultra QQQ | 0.24% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% |
Drawdowns
IWFL vs. QLD - Drawdown Comparison
The maximum IWFL drawdown since its inception was -59.29%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for IWFL and QLD. For additional features, visit the drawdowns tool.
Volatility
IWFL vs. QLD - Volatility Comparison
ETRACS 2x Leveraged US Growth Factor TR ETN (IWFL) and ProShares Ultra QQQ (QLD) have volatilities of 12.83% and 12.32%, 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.