USML vs. VOO
Compare and contrast key facts about ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) and Vanguard S&P 500 ETF (VOO).
USML and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USML is a passively managed fund by UBS that tracks the performance of the MSCI USA Minimum Volatility Index. It was launched on Feb 4, 2021. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both USML and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USML or VOO.
Key characteristics
| USML | VOO | |
|---|---|---|
| YTD Return | 30.02% | 23.27% |
| 1Y Return | 51.44% | 40.74% |
| 3Y Return (Ann) | 6.65% | 9.79% |
| Sharpe Ratio | 3.39 | 3.45 |
| Sortino Ratio | 4.32 | 4.57 |
| Omega Ratio | 1.58 | 1.65 |
| Calmar Ratio | 2.02 | 4.15 |
| Martin Ratio | 20.81 | 22.76 |
| Ulcer Index | 2.57% | 1.83% |
| Daily Std Dev | 15.80% | 12.05% |
| Max Drawdown | -35.34% | -33.99% |
| Current Drawdown | -4.84% | -0.78% |
Correlation
The correlation between USML and VOO is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
USML vs. VOO - Performance Comparison
In the year-to-date period, USML achieves a 30.02% return, which is significantly higher than VOO's 23.27% 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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USML vs. VOO - Expense Ratio Comparison
USML has a 0.95% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
USML vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) and Vanguard S&P 500 ETF (VOO). 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
USML vs. VOO - Dividend Comparison
USML has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.27%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USML ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.27% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
USML vs. VOO - Drawdown Comparison
The maximum USML drawdown since its inception was -35.34%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for USML and VOO. For additional features, visit the drawdowns tool.
Volatility
USML vs. VOO - Volatility Comparison
ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) has a higher volatility of 4.77% compared to Vanguard S&P 500 ETF (VOO) at 2.50%. This indicates that USML's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.