MVRL vs. EQIX

Last updated Jun 23, 2026

MVRL (ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN) is REIT fund tracking the MVIS US Mortgage REITs Index (150%), while EQIX (Equinix, Inc.) is a stock. Over the past 5 years, MVRL returned -8.61%/yr vs 8.91%/yr for EQIX. At a 0.33 correlation, their price movements are largely independent.

Performance

MVRL vs. EQIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) and Equinix, Inc. (EQIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MVRL achieves a -3.98% return, which is significantly lower than EQIX's 47.17% return.

MVRL

• 1D: -0.99%
• 1M: -0.34%
• YTD: -3.98%
• 6M: -4.63%
• 1Y: 10.94%
• 3Y*: 7.05%
• 5Y*: -8.61%
• 10Y*: —

EQIX

• 1D: 2.17%
• 1M: 3.35%
• YTD: 47.17%
• 6M: 48.77%
• 1Y: 29.27%
• 3Y*: 16.80%
• 5Y*: 8.91%
• 10Y*: 13.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MVRL vs. EQIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN	-3.98%	14.96%	-3.45%	12.30%	-42.41%	21.71%	66.40%
EQIX Equinix, Inc.	47.17%	-16.88%	19.45%	25.41%	-21.13%	20.28%	3.23%

Correlation

The correlation between MVRL and EQIX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jun 3, 2020	0.33

The correlation between MVRL and EQIX shifts across timeframes, from 0.20 (1 year) to 0.39 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

MVRL vs. EQIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MVRL

MVRL Risk / Return Rank: 14
MVRL Sharpe Ratio Rank: 14
MVRL Sortino Ratio Rank: 14
MVRL Omega Ratio Rank: 14
MVRL Calmar Ratio Rank: 14
MVRL Martin Ratio Rank: 15

EQIX

EQIX Risk / Return Rank: 71
EQIX Sharpe Ratio Rank: 75
EQIX Sortino Ratio Rank: 69
EQIX Omega Ratio Rank: 73
EQIX Calmar Ratio Rank: 70
EQIX Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MVRL vs. EQIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) and Equinix, Inc. (EQIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MVRL	EQIX	Difference
Sharpe ratio: Return per unit of total volatility	0.40	1.11	-0.71
Sortino ratio: Return per unit of downside risk	0.73	1.62	-0.89
Omega ratio: Gain probability vs. loss probability	1.09	1.23	-0.15
Calmar ratio: Return relative to maximum drawdown	0.52	1.55	-1.03
Martin ratio: Return relative to average drawdown	1.36	2.81	-1.45

MVRL vs. EQIX - Sharpe Ratio Comparison

The current MVRL Sharpe Ratio is 0.40, which is lower than the EQIX Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of MVRL and EQIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MVRL vs. EQIX - Drawdown Comparison

The maximum MVRL drawdown since its inception was -60.25%, smaller than the maximum EQIX drawdown of -99.44%. Use the drawdown chart below to compare losses from any high point for MVRL and EQIX.

Drawdown Indicators

	MVRL	EQIX	Difference
Max Drawdown Largest peak-to-trough decline	-60.25%	-99.44%	+39.19%
Max Drawdown (1Y) Largest decline over 1 year	-20.93%	-18.93%	-2.00%
Max Drawdown (3Y) Largest decline over 3 years	-32.20%	-24.59%	-7.61%
Max Drawdown (5Y) Largest decline over 5 years	-59.63%	-41.77%	-17.86%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.77%	—
Current Drawdown Current decline from peak	-39.15%	0.00%	-39.15%
Average Drawdown Average peak-to-trough decline	-31.84%	-52.57%	+20.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.05%	10.46%	-2.41%

Volatility

MVRL vs. EQIX - Volatility Comparison

ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) has a higher volatility of 6.84% compared to Equinix, Inc. (EQIX) at 5.81%. This indicates that MVRL's price experiences larger fluctuations and is considered to be riskier than EQIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MVRL	EQIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.84%	5.81%	+1.03%
Volatility (6M) Calculated over the trailing 6-month period	20.57%	16.97%	+3.60%
Volatility (1Y) Calculated over the trailing 1-year period	27.45%	26.44%	+1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.55%	27.71%	+8.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.60%	27.17%	+10.43%

Dividends

MVRL vs. EQIX - Dividend Comparison

MVRL's dividend yield for the trailing twelve months is around 21.15%, more than EQIX's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EQIX Equinix, Inc.	1.77%	2.45%	1.81%	1.80%	1.89%	1.36%	1.49%	1.69%	2.59%	1.77%	1.96%	5.86%
MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN	21.15%	19.15%	19.27%	18.69%	25.21%	12.33%	5.63%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MVRL and EQIX in my portfolio?

MVRL and EQIX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MVRL or EQIX?

MVRL has higher volatility (6.84%) compared to EQIX (5.81%). In terms of maximum drawdown, MVRL dropped -60.25% vs EQIX's -99.44%.

Which has better risk-adjusted returns?

EQIX currently has the higher Sharpe Ratio (1.11 vs 0.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.