USML vs. NTSD

Last updated Jun 3, 2026

USML (ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN) and NTSD (WisdomTree Efficient U.S. Plus International Equity Fund) are both Leveraged Equities funds. USML is passively managed, while NTSD is actively managed. At a 0.40 correlation, their price movements are largely independent. USML charges 0.95%/yr vs 0.35%/yr for NTSD.

Performance

USML vs. NTSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

USML

• 1D: 0.14%
• 1M: 4.47%
• YTD: 4.25%
• 6M: 4.48%
• 1Y: 4.31%
• 3Y*: 16.76%
• 5Y*: 8.67%
• 10Y*: —

NTSD

• 1D: 0.35%
• 1M: 6.98%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USML vs. NTSD - Yearly Performance Comparison

	2026 (YTD)
USML ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN	6.82%
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	19.23%

Correlation

The correlation between USML and NTSD is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 20, 2026	0.40

Return for Risk

USML vs. NTSD — Risk / Return Rank

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

USML

USML Risk / Return Rank: 12
USML Sharpe Ratio Rank: 12
USML Sortino Ratio Rank: 12
USML Omega Ratio Rank: 12
USML Calmar Ratio Rank: 12
USML 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.

USML vs. NTSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). 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.

	USML	NTSD	Difference
Sharpe ratio Return per unit of total volatility	0.26	—	—
Sortino ratio Return per unit of downside risk	0.48	—	—
Omega ratio Gain probability vs. loss probability	1.06	—	—
Calmar ratio Return relative to maximum drawdown	0.34	—	—
Martin ratio Return relative to average drawdown	1.03	—	—
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

	USML	NTSD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.26	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	5.75	-5.31

Drawdowns

USML vs. NTSD - Drawdown Comparison

The maximum USML drawdown since its inception was -35.34%, which is greater than NTSD's maximum drawdown of -5.20%. Use the drawdown chart below to compare losses from any high point for USML and NTSD.

Drawdown Indicators

	USML	NTSD	Difference
Max Drawdown Largest peak-to-trough decline	-35.34%	-5.20%	-30.14%
Max Drawdown (1Y) Largest decline over 1 year	-13.09%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.14%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.34%	—	—
Current Drawdown Current decline from peak	-2.48%	0.00%	-2.48%
Average Drawdown Average peak-to-trough decline	-10.42%	-0.84%	-9.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.33%	—	—

Volatility

Volatility by Period

	USML	NTSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.54%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.33%	24.31%	-7.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.47%	24.31%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.29%	24.31%	-0.02%

USML vs. NTSD - Expense Ratio Comparison

USML has a 0.95% expense ratio, which is higher than NTSD's 0.35% expense ratio.

Dividends

USML vs. NTSD - Dividend Comparison

Neither USML nor NTSD has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both USML and NTSD in my portfolio?

USML and NTSD have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USML or NTSD?

On fees, NTSD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USML or NTSD?

NTSD is cheaper with a 0.35% expense ratio, compared with 0.95% for USML.

Which ETF pays a higher dividend yield, USML or NTSD?

USML and NTSD have nearly identical dividend yields, around 0.00%.

What is the main difference between USML and NTSD?

They also come from different issuers: UBS and WisdomTree. Their fees differ too: 0.95% for USML and 0.35% for NTSD.