MTUL vs. MLPR
Compare and contrast key facts about ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) and ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR).
MTUL and MLPR 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. MLPR is a passively managed fund by UBS that tracks the performance of the Alerian MLP Index (150%). It was launched on Jun 2, 2020. Both MTUL and MLPR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MTUL vs. MLPR - Performance Comparison
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MTUL vs. MLPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MTUL ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN | -10.58% | 27.42% | 58.70% | 10.66% | -37.97% | 7.00% |
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 24.29% | 9.83% | 31.57% | 35.87% | 41.04% | 38.28% |
Returns By Period
In the year-to-date period, MTUL achieves a -10.58% return, which is significantly lower than MLPR's 24.29% return.
MTUL
- 1D
- 9.39%
- 1M
- -11.99%
- YTD
- -10.58%
- 6M
- -14.38%
- 1Y
- 20.15%
- 3Y*
- 30.55%
- 5Y*
- 8.61%
- 10Y*
- —
MLPR
- 1D
- -1.21%
- 1M
- 1.32%
- YTD
- 24.29%
- 6M
- 30.59%
- 1Y
- 15.78%
- 3Y*
- 32.28%
- 5Y*
- 32.14%
- 10Y*
- —
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MTUL vs. MLPR - Expense Ratio Comparison
Both MTUL and MLPR have an expense ratio of 0.95%.
Return for Risk
MTUL vs. MLPR — Risk / Return Rank
MTUL
MLPR
MTUL vs. MLPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) and ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR). 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.
| MTUL | MLPR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.43 | 0.57 | -0.13 |
Sortino ratioReturn per unit of downside risk | 0.90 | 0.86 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.13 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 0.62 | +0.20 |
Martin ratioReturn relative to average drawdown | 3.29 | 1.44 | +1.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MTUL | MLPR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 0.57 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 1.09 | -0.89 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.93 | -0.80 |
Correlation
The correlation between MTUL and MLPR is 0.42, 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.
Dividends
MTUL vs. MLPR - Dividend Comparison
MTUL has not paid dividends to shareholders, while MLPR's dividend yield for the trailing twelve months is around 9.14%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MTUL ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 9.14% | 10.85% | 9.57% | 10.08% | 7.49% | 10.69% | 4.21% |
Drawdowns
MTUL vs. MLPR - Drawdown Comparison
The maximum MTUL drawdown since its inception was -56.83%, which is greater than MLPR's maximum drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for MTUL and MLPR.
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Drawdown Indicators
| MTUL | MLPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.83% | -48.98% | -7.85% |
Max Drawdown (1Y)Largest decline over 1 year | -26.88% | -24.45% | -2.43% |
Max Drawdown (5Y)Largest decline over 5 years | -56.83% | -28.66% | -28.17% |
Current DrawdownCurrent decline from peak | -16.72% | -4.17% | -12.55% |
Average DrawdownAverage peak-to-trough decline | -23.35% | -9.09% | -14.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.69% | 10.53% | -3.84% |
Volatility
MTUL vs. MLPR - Volatility Comparison
ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) has a higher volatility of 19.54% compared to ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) at 4.93%. This indicates that MTUL's price experiences larger fluctuations and is considered to be riskier than MLPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTUL | MLPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.54% | 4.93% | +14.61% |
Volatility (6M)Calculated over the trailing 6-month period | 34.36% | 14.06% | +20.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.60% | 28.04% | +18.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.98% | 29.60% | +12.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.96% | 34.01% | +8.95% |