MVRL vs. EQIX

Last updated Apr 2, 2026

Compare and contrast key facts about ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) and Equinix, Inc. (EQIX).

MVRL is a passively managed fund by UBS that tracks the performance of the MVIS US Mortgage REITs Index (150%). It was launched on Jun 2, 2020.

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.

MVRL vs. EQIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN	-5.44%	14.96%	-3.45%	12.30%	-42.41%	21.71%	57.90%
EQIX Equinix, Inc.	30.70%	-16.88%	19.45%	25.41%	-21.13%	20.28%	4.38%

Returns By Period

In the year-to-date period, MVRL achieves a -5.44% return, which is significantly lower than EQIX's 30.70% return.

MVRL

• 1D: -0.40%
• 1M: -8.47%
• YTD: -5.44%
• 6M: -1.55%
• 1Y: 1.95%
• 3Y*: 8.56%
• 5Y*: -7.34%
• 10Y*: —

EQIX

• 1D: 1.61%
• 1M: 3.09%
• YTD: 30.70%
• 6M: 30.17%
• 1Y: 24.74%
• 3Y*: 13.74%
• 5Y*: 10.12%
• 10Y*: 13.86%

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

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: 13
MVRL Sortino Ratio Rank: 14
MVRL Omega Ratio Rank: 15
MVRL Calmar Ratio Rank: 13
MVRL Martin Ratio Rank: 13

EQIX

EQIX Risk / Return Rank: 66
EQIX Sharpe Ratio Rank: 71
EQIX Sortino Ratio Rank: 64
EQIX Omega Ratio Rank: 66
EQIX Calmar Ratio Rank: 67
EQIX Martin Ratio Rank: 62

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.

	MVRL	EQIX	Difference
Sharpe ratio Return per unit of total volatility	0.06	0.89	-0.83
Sortino ratio Return per unit of downside risk	0.31	1.37	-1.05
Omega ratio Gain probability vs. loss probability	1.04	1.20	-0.15
Calmar ratio Return relative to maximum drawdown	0.06	1.27	-1.21
Martin ratio Return relative to average drawdown	0.19	2.26	-2.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MVRL vs. EQIX - Sharpe Ratio Comparison

The current MVRL Sharpe Ratio is 0.06, which is lower than the EQIX Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of MVRL and EQIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MVRL	EQIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.06	0.89	-0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.20	0.37	-0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.08	+0.05

Correlation

The correlation between MVRL and EQIX is 0.33, 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.

Dividends

MVRL vs. EQIX - Dividend Comparison

MVRL's dividend yield for the trailing twelve months is around 20.78%, more than EQIX's 1.93% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN	20.78%	19.15%	19.27%	18.69%	25.21%	12.33%	5.63%	0.00%	0.00%	0.00%	0.00%	0.00%
EQIX Equinix, Inc.	1.93%	2.45%	1.81%	1.80%	1.89%	1.36%	1.49%	1.69%	2.59%	1.77%	1.96%	5.86%

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	-22.85%	-19.63%	-3.22%
Max Drawdown (5Y) Largest decline over 5 years	-60.25%	-41.77%	-18.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.77%	—
Current Drawdown Current decline from peak	-40.07%	0.00%	-40.07%
Average Drawdown Average peak-to-trough decline	-31.68%	-53.01%	+21.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.99%	11.07%	-3.08%

Volatility

MVRL vs. EQIX - Volatility Comparison

ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) has a higher volatility of 12.40% compared to Equinix, Inc. (EQIX) at 4.85%. 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	12.40%	4.85%	+7.55%
Volatility (6M) Calculated over the trailing 6-month period	19.98%	17.98%	+2.00%
Volatility (1Y) Calculated over the trailing 1-year period	35.61%	28.01%	+7.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.54%	27.75%	+8.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.93%	27.11%	+10.82%