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ETFs

ETRACS 2x Leveraged US Value Factor TR ETN

IWDL
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Feb 5, 2021
Expense Ratio
0.95%
Type
US Equities
Fund Owner
UBS
Volume (1m avg. daily)
$5,218
AUM
$27,810,000
Associated Index
Russell 1000 Value Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View
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What is IWDL?

ETRACS 2x Leveraged US Value Factor TR ETN seeks to track the investment results of an index composed of US large and mid-capitalization stocks with favorable exposure to target style factors subject to constraints. The Underlying Index is designed to select equity securities from the Russell 1000 Value Index (the Parent Index ), which in turn is a subset of the Russell 1000 Index (the Russell 1000 ). The Underlying Index is designed to select equity securities from the Parent Index with exposure to five equity style factors (momentum, quality, value, size, and low volatility) while maintaining a levelof risk similar to that of the Parent Index.

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YTD
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IWDL
Performance Measures**

for the time period Feb 5, 2021 to Dec 4, 2025

Returns

1M Trailing Return: 6.9%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 7.4%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -37.9%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 30.4%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.58

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.37

The annualized return divided by the max drawdown for the selected time period.

ETFs related toIWDL

ETFs correlated to IWDL include IWD, VONV, ILCV

IWDL
UBS AG London Branch - ETRACS 2x Leveraged US Value Factor TR ETN
IWD
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Value ETF
VONV
Vanguard Group, Inc. - Vanguard Russell 1000 Value Index ETF
ILCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Value ETF
PRF
Invesco Capital Management LLC - Invesco FTSE RAFI US 1000 ETF
SCHV
Schwab Strategic Trust - Schwab U.S. Large-Cap Value ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
IWX
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 Value ETF
JAVA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Value ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
JPUS
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Equity ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

IWDL is a US Equities ETF. ETRACS 2x Leveraged US Value Factor TR ETN seeks to track the investment results of an index composed of US large and mid-capitalization stocks with favorable exposure to target style factors subject to constraints. The Underlying Index is designed to select equity securities from the Russell 1000 Value Index (the Parent Index ), which in turn is a subset of the Russell 1000 Index (the Russell 1000 ). The Underlying Index is designed to select equity securities from the Parent Index with exposure to five equity style factors (momentum, quality, value, size, and low volatility) while maintaining a levelof risk similar to that of the Parent Index.

IWDL tracks the Russell 1000 Value Index.

No, IWDL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, IWDL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on IWDL is -0.0245%. This is the percent change in the value of IWDL over the most recent 1-month period. The 3-month return on IWDL is -0.015%. This is the percent change in the value of IWDL over the most recent 3-month period.

The standard deviation of IWDL for the past year is 0.3215%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to IWDL include TQQQ, SSO, and TNA.

ETFs correlated to IWDL include IWD, VONV, and ILCV.

ETFs that are inversely correlated to IWDL include DOG, SDOW, and DXD.

Yes, IWDL is a Leveraged (2x) ETF: This means that IWDL will try to match the performance of Russell 1000 Value Index, but with 2x the returns.

No, IWDL is not an inverse ETF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.