MTUL vs. TLTW
Compare and contrast key facts about ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW).
MTUL and TLTW 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. TLTW is a passively managed fund by iShares that tracks the performance of the CBOE TLT 2% OTM Buywrite Index (USD). It was launched on Jun 18, 2022. Both MTUL and TLTW 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 TLTW.
Key characteristics
| MTUL | TLTW | |
|---|---|---|
| YTD Return | 39.90% | -2.93% |
| 1Y Return | 71.86% | -9.79% |
| Sharpe Ratio | 2.47 | -0.80 |
| Daily Std Dev | 30.40% | 12.43% |
| Max Drawdown | -56.83% | -18.60% |
| Current Drawdown | -15.02% | -13.81% |
Correlation
The correlation between MTUL and TLTW is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MTUL vs. TLTW - Performance Comparison
In the year-to-date period, MTUL achieves a 39.90% return, which is significantly higher than TLTW's -2.93% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MTUL vs. TLTW - Expense Ratio Comparison
MTUL has a 0.95% expense ratio, which is higher than TLTW's 0.35% expense ratio.
Risk-Adjusted Performance
MTUL vs. TLTW - 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 iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW). 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. TLTW - Dividend Comparison
MTUL has not paid dividends to shareholders, while TLTW's dividend yield for the trailing twelve months is around 17.24%.
| TTM | 2023 | 2022 | |
|---|---|---|---|
MTUL ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN | 0.00% | 0.00% | 0.00% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 17.24% | 19.59% | 8.71% |
Drawdowns
MTUL vs. TLTW - Drawdown Comparison
The maximum MTUL drawdown since its inception was -56.83%, which is greater than TLTW's maximum drawdown of -18.60%. Use the drawdown chart below to compare losses from any high point for MTUL and TLTW. For additional features, visit the drawdowns tool.
Volatility
MTUL vs. TLTW - Volatility Comparison
ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) has a higher volatility of 12.01% compared to iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) at 2.04%. This indicates that MTUL's price experiences larger fluctuations and is considered to be riskier than TLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.