MTUL vs. FOCPX
Compare and contrast key facts about ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) and Fidelity OTC Portfolio (FOCPX).
MTUL is a passively managed fund by UBS that tracks the performance of the MSCI USA Momentum Index. 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: MTUL or FOCPX.
Correlation
The correlation between MTUL and FOCPX is 0.80, 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
MTUL vs. FOCPX - Performance Comparison
Key characteristics
MTUL:
1.20
FOCPX:
1.53
MTUL:
1.71
FOCPX:
2.04
MTUL:
1.23
FOCPX:
1.28
MTUL:
1.55
FOCPX:
2.03
MTUL:
6.40
FOCPX:
6.37
MTUL:
7.29%
FOCPX:
4.62%
MTUL:
38.93%
FOCPX:
19.32%
MTUL:
-56.83%
FOCPX:
-69.01%
MTUL:
-3.44%
FOCPX:
-1.47%
Returns By Period
In the year-to-date period, MTUL achieves a 15.84% return, which is significantly higher than FOCPX's 3.17% return.
MTUL
15.84%
4.33%
25.91%
52.62%
N/A
N/A
FOCPX
3.17%
0.36%
14.63%
30.66%
18.22%
17.43%
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MTUL vs. FOCPX - Expense Ratio Comparison
MTUL has a 0.95% expense ratio, which is higher than FOCPX's 0.80% expense ratio.
Risk-Adjusted Performance
MTUL vs. FOCPX — Risk-Adjusted Performance Rank
MTUL
FOCPX
MTUL vs. FOCPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) 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
MTUL vs. FOCPX - Dividend Comparison
MTUL has not paid dividends to shareholders, while FOCPX's dividend yield for the trailing twelve months is around 13.19%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTUL ETRACS 2x Leveraged MSCI US Momentum 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 | 13.19% | 13.61% | 0.05% | 4.06% | 11.53% | 6.23% | 7.58% | 7.93% | 4.86% | 3.24% | 5.41% | 12.91% |
Drawdowns
MTUL vs. FOCPX - Drawdown Comparison
The maximum MTUL drawdown since its inception was -56.83%, smaller than the maximum FOCPX drawdown of -69.01%. Use the drawdown chart below to compare losses from any high point for MTUL and FOCPX. For additional features, visit the drawdowns tool.
Volatility
MTUL vs. FOCPX - Volatility Comparison
ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) has a higher volatility of 10.67% compared to Fidelity OTC Portfolio (FOCPX) at 6.32%. This indicates that MTUL'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.