MTUL vs. IVOO
Compare and contrast key facts about ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) and Vanguard S&P Mid-Cap 400 ETF (IVOO).
MTUL and IVOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IVOO is a passively managed fund by Vanguard that tracks the performance of the S&P MidCap 400 Index. It was launched on Sep 7, 2010. Both MTUL and IVOO 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: MTUL or IVOO.
Key characteristics
| MTUL | IVOO | |
|---|---|---|
| YTD Return | 41.86% | 9.82% |
| 1Y Return | 77.65% | 27.87% |
| 3Y Return (Ann) | 5.64% | 5.32% |
| Sharpe Ratio | 2.38 | 1.63 |
| Daily Std Dev | 30.51% | 15.97% |
| Max Drawdown | -56.83% | -42.33% |
| Current Drawdown | -13.84% | -0.05% |
Correlation
The correlation between MTUL and IVOO is 0.75, 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. IVOO - Performance Comparison
In the year-to-date period, MTUL achieves a 41.86% return, which is significantly higher than IVOO's 9.82% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
MTUL vs. IVOO - Expense Ratio Comparison
MTUL has a 0.95% expense ratio, which is higher than IVOO's 0.10% expense ratio.
Risk-Adjusted Performance
MTUL vs. IVOO - 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 Vanguard S&P Mid-Cap 400 ETF (IVOO). 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. IVOO - Dividend Comparison
MTUL has not paid dividends to shareholders, while IVOO's dividend yield for the trailing twelve months is around 1.17%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IVOO Vanguard S&P Mid-Cap 400 ETF | 1.17% | 1.25% | 1.58% | 1.14% | 1.23% | 1.49% | 1.56% | 1.22% | 1.37% | 1.45% | 1.26% | 0.92% |
Drawdowns
MTUL vs. IVOO - Drawdown Comparison
The maximum MTUL drawdown since its inception was -56.83%, which is greater than IVOO's maximum drawdown of -42.33%. Use the drawdown chart below to compare losses from any high point for MTUL and IVOO. For additional features, visit the drawdowns tool.
Volatility
MTUL vs. IVOO - Volatility Comparison
ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) has a higher volatility of 12.28% compared to Vanguard S&P Mid-Cap 400 ETF (IVOO) at 3.72%. This indicates that MTUL's price experiences larger fluctuations and is considered to be riskier than IVOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.