MVRL vs. FBGX

Last updated Apr 2, 2026

Compare and contrast key facts about ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) and UBS AG FI Enhanced Large Cap Growth ETN (FBGX).

MVRL and FBGX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FBGX is a passively managed fund by UBS that tracks the performance of the Russell 1000 Growth Index (200%). It was launched on Jun 11, 2014. Both MVRL and FBGX 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

MVRL vs. FBGX - 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 UBS AG FI Enhanced Large Cap Growth ETN (FBGX). The values are adjusted to include any dividend payments, if applicable.

MVRL vs. FBGX - 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%
FBGX UBS AG FI Enhanced Large Cap Growth ETN	0.00%	0.00%	35.73%	83.74%	-56.41%	57.04%	59.99%

Returns By Period

MVRL

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

FBGX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MVRL vs. FBGX - Expense Ratio Comparison

MVRL has a 0.95% expense ratio, which is lower than FBGX's 1.29% expense ratio.

FBGX

UBS AG FI Enhanced Large Cap Growth ETN

MVRL

ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN

Return for Risk

MVRL vs. FBGX — 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

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. FBGX - 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 UBS AG FI Enhanced Large Cap Growth ETN (FBGX). 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	FBGX	Difference
Sharpe ratio Return per unit of total volatility	0.06	—	—
Sortino ratio Return per unit of downside risk	0.31	—	—
Omega ratio Gain probability vs. loss probability	1.04	—	—
Calmar ratio Return relative to maximum drawdown	0.06	—	—
Martin ratio Return relative to average drawdown	0.19	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MVRL	FBGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.06	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.20	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	—	—

Correlation

The correlation between MVRL and FBGX is 0.41, 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

MVRL vs. FBGX - Dividend Comparison

MVRL's dividend yield for the trailing twelve months is around 20.78%, while FBGX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020
MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN	20.78%	19.15%	19.27%	18.69%	25.21%	12.33%	5.63%
FBGX UBS AG FI Enhanced Large Cap Growth ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	MVRL	FBGX	Difference
Max Drawdown Largest peak-to-trough decline	-60.25%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-22.85%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-60.25%	—	—
Current Drawdown Current decline from peak	-40.07%	—	—
Average Drawdown Average peak-to-trough decline	-31.68%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	7.99%	—	—

Volatility

Volatility by Period

	MVRL	FBGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.40%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	35.61%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.54%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.93%	—	—