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ETRACS 2x Leveraged US Growth Factor TR ETN

IWFL
$
Today’s Change
()

Snapshot
*

Inception Date
Feb 5, 2021
Expense Ratio
0.95%
Type
US Equities
Fund Owner
UBS
Volume (1m avg. daily)
$1,548
AUM
$23,590,000
Associated Index
Russell 1000 Growth Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus

What is IWFL?

The Russell 1000 Growth Index measures the performance of the largecap growth segment of the US equity universe. It includes those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values. The Russell 1000 Growth Index is constructed to provide a comprehensive and unbiased barometer for the large-cap growth segment. The index is completely reconstituted annually to ensure new and growing equities are included and that the represented companies continue to reflect growth characteristics.

1M
3M
6M
YTD
1Y
3Y
Max

IWFL
Performance Measures**

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

Returns

1M Trailing Return: -1.1%

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

3M Trailing Return: 10.6%

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

Measures of Risk or Volatility

Max Drawdown: -59.2%

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

Standard Deviation: 47.2%

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: 0.61

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: 0.33

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

ETFs related toIWFL

ETFs correlated to IWFL include IWF, VONG, ILCG

IWFL
UBS AG London Branch - ETRACS 2x Leveraged US Growth Factor TR ETN
IWF
BlackRock Institutional Trust Company N.A. - iShares Russell 1000 Growth ETF
VONG
Vanguard Group, Inc. - Vanguard Russell 1000 Growth Index ETF
ILCG
BlackRock Institutional Trust Company N.A. - iShares Morningstar Growth ETF
IWY
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 Growth ETF
VUG
Vanguard Group, Inc. - Vanguard Growth ETF
SCHG
Schwab Strategic Trust - Schwab U.S. Large-Cap Growth ETF
MGK
Vanguard Group, Inc. - Vanguard Mega Cap Growth ETF
IQSU
IndexIQ ETF Trust - IQ Candriam U.S. Large Cap Equity ETF
ONEQ
Fidelity Covington Trust - Fidelity Nasdaq Composite Index ETF
TMFC
Rbb Fund Inc - Motley Fool 100 Index 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.

Trading Strategies
Related toIWFL

FTL's 🌟 Starburst GEN-II v1.c w/ BWC Ultimate FR [Removed BB] Added Walter's Champagne and Cocaine Strats and NOVA | (multiple TQQQ, one crypto) KMLM Switcher MonkeyBusiness WM74 + Wash

Category

Tactical multi-asset, leveraged ETFs, volatility hedging, managed futures, mean reversion, momentum, regime switching, daily rebalancing

OOS Cumulative Return

208.65%

Wash Sale 3 Sorted by 5 day Max DD WM 74

Category

Tactical allocation, trend timing, RSI/mean reversion, leveraged ETFs, managed futures, volatility filter, tax-loss rotation

OOS Cumulative Return

142.84%

Create your own algorithmic trading strategy with IWFL using Composer

FAQ

IWFL is a US Equities ETF. The Russell 1000 Growth Index measures the performance of the largecap growth segment of the US equity universe. It includes those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values. The Russell 1000 Growth Index is constructed to provide a comprehensive and unbiased barometer for the large-cap growth segment. The index is completely reconstituted annually to ensure new and growing equities are included and that the represented companies continue to reflect growth characteristics.

IWFL tracks the Russell 1000 Growth Index.

No, IWFL 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, IWFL 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 IWFL is -0.0246%. This is the percent change in the value of IWFL over the most recent 1-month period. The 3-month return on IWFL is -0.0126%. This is the percent change in the value of IWFL over the most recent 3-month period.

The standard deviation of IWFL for the past year is 0.4043%. 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 IWFL include FBGX, TQQQ, and SSO.

ETFs correlated to IWFL include IWF, VONG, and ILCG.

ETFs that are inversely correlated to IWFL include SQQQ, QID, and PSQ.

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

No, IWFL 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.