IWML vs. QLD
Compare and contrast key facts about ETRACS 2x Leveraged US Size Factor TR ETN (IWML) and ProShares Ultra QQQ (QLD).
IWML and QLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWML is a passively managed fund by UBS that tracks the performance of the Russell 2000 Index. It was launched on Feb 4, 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 IWML 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: IWML or QLD.
Correlation
The correlation between IWML and QLD is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IWML vs. QLD - Performance Comparison
Key characteristics
IWML:
0.68
QLD:
1.25
IWML:
1.18
QLD:
1.73
IWML:
1.14
QLD:
1.23
IWML:
0.61
QLD:
1.74
IWML:
3.35
QLD:
5.49
IWML:
8.34%
QLD:
8.32%
IWML:
41.26%
QLD:
36.39%
IWML:
-60.06%
QLD:
-83.13%
IWML:
-27.56%
QLD:
-8.41%
Returns By Period
In the year-to-date period, IWML achieves a 3.09% return, which is significantly higher than QLD's 1.70% return.
IWML
3.09%
-8.12%
0.00%
32.00%
N/A
N/A
QLD
1.70%
-8.41%
9.66%
45.72%
27.18%
30.14%
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IWML vs. QLD - Expense Ratio Comparison
Both IWML and QLD have an expense ratio of 0.95%.
Risk-Adjusted Performance
IWML vs. QLD — Risk-Adjusted Performance Rank
IWML
QLD
IWML vs. QLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS 2x Leveraged US Size Factor TR ETN (IWML) 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
IWML vs. QLD - Dividend Comparison
IWML has not paid dividends to shareholders, while QLD's dividend yield for the trailing twelve months is around 0.25%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWML ETRACS 2x Leveraged US Size 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 | 0.25% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% |
Drawdowns
IWML vs. QLD - Drawdown Comparison
The maximum IWML drawdown since its inception was -60.06%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for IWML and QLD. For additional features, visit the drawdowns tool.
Volatility
IWML vs. QLD - Volatility Comparison
ETRACS 2x Leveraged US Size Factor TR ETN (IWML) has a higher volatility of 14.10% compared to ProShares Ultra QQQ (QLD) at 12.89%. This indicates that IWML's price experiences larger fluctuations and is considered to be riskier than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.