MVRL vs. EQIX
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MVRL or EQIX.
Key characteristics
| MVRL | EQIX | |
|---|---|---|
| YTD Return | -2.07% | 13.86% |
| 1Y Return | 19.78% | 20.93% |
| 3Y Return (Ann) | -16.71% | 7.25% |
| Sharpe Ratio | 0.63 | 0.86 |
| Sortino Ratio | 1.02 | 1.50 |
| Omega Ratio | 1.13 | 1.18 |
| Calmar Ratio | 0.37 | 0.87 |
| Martin Ratio | 2.33 | 2.02 |
| Ulcer Index | 8.45% | 10.36% |
| Daily Std Dev | 31.19% | 24.23% |
| Max Drawdown | -60.01% | -99.44% |
| Current Drawdown | -43.75% | -1.96% |
Correlation
The correlation between MVRL and EQIX is 0.34, 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
MVRL vs. EQIX - Performance Comparison
In the year-to-date period, MVRL achieves a -2.07% return, which is significantly lower than EQIX's 13.86% 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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Risk-Adjusted Performance
MVRL vs. EQIX - Risk-Adjusted Performance 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.
Dividends
MVRL vs. EQIX - Dividend Comparison
MVRL's dividend yield for the trailing twelve months is around 17.43%, more than EQIX's 2.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN | 17.43% | 18.70% | 25.22% | 12.97% | 5.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EQIX Equinix, Inc. | 2.36% | 1.80% | 1.89% | 1.36% | 1.49% | 1.69% | 2.59% | 1.77% | 1.96% | 5.86% | 3.34% |
Drawdowns
MVRL vs. EQIX - Drawdown Comparison
The maximum MVRL drawdown since its inception was -60.01%, 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. For additional features, visit the drawdowns tool.
Volatility
MVRL vs. EQIX - Volatility Comparison
ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) has a higher volatility of 7.82% compared to Equinix, Inc. (EQIX) at 5.70%. 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.