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ETFs

ETRACS 2x Leveraged US Size Factor TR ETN

IWML
$--
Today’s Change
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Snapshot
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Inception Date
Feb 05 2021
Expense Ratio
0.95%
Type
US Equities
Fund Owner
UBS
Volume (1m avg. daily)
$5,892
AUM
$16,880,000
Associated Index
Russell 2000 Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View
Invest with IWML

What is IWML?

ETRACS 2x Leveraged US Size Factor TR ETN seeks investment results that correspond generally to the price and yield performance before fees and expenses of the large capitalization value sector of the U.S. equity market as represented by the Russell 1000 Value Index. The index represents approximately 50% of the total market capitalization of the Russell 1000 Index.

ETFs related toIWML

ETFs correlated to IWML include URTY, VTWO, UWM

IWML
UBS AG London Branch - ETRACS 2x Leveraged US Size Factor TR ETN
URTY
ProShares Trust - ProShares UltraPro Russell2000 3x Shares
VTWO
Vanguard Group, Inc. - Vanguard Russell 2000 Index ETF
UWM
ProShares Trust - ProShares Ultra Russell 2000 2X Shares
IWM
BlackRock Institutional Trust Company N.A. - iShares Russell 2000 ETF
TNA
Direxion Shares ETF Trust - Direxion Dialy Small Cap Bull 3X Shares
SCHA
Schwab Strategic Trust - Schwab U.S. Small-Cap ETF
ESML
BlackRock Institutional Trust Company N.A. - iShares ESG Aware MSCI USA Small-Cap ETF
BKSE
BNY Mellon ETF Trust - BNY Mellon US Small Cap Core Equity ETF
NUSC
Nuveen Fund Advisors LLC - Nuveen ESG Small-Cap ETF
SMMD
BlackRock Institutional Trust Company N.A. - iShares Russell 2500 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.

Automated Strategies
Related toIWML

#IWM

Russell 2000

Category

Benchmarks

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with IWML using Composer

FAQ

IWML is a US Equities ETF. ETRACS 2x Leveraged US Size Factor TR ETN seeks investment results that correspond generally to the price and yield performance before fees and expenses of the large capitalization value sector of the U.S. equity market as represented by the Russell 1000 Value Index. The index represents approximately 50% of the total market capitalization of the Russell 1000 Index.

IWML tracks the Russell 2000 Index.

No, IWML 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, IWML 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 IWML is 0.1467%. This is the percent change in the value of IWML over the most recent 1-month period. The 3-month return on IWML is 0.0425%. This is the percent change in the value of IWML over the most recent 3-month period.

The standard deviation of IWML for the past year is 0.5085%. 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 IWML include KOCT, KJAN, and VTWV.

ETFs correlated to IWML include URTY, VTWO, and UWM.

ETFs that are inversely correlated to IWML include RWM, TWM, and TZA.

Yes, IWML is a Leveraged (2x) ETF: This means that IWML will try to match the performance of Russell 2000 Index, but with 2x the returns.

Yes, IWML is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Russell 2000 Index, but move 2x in the opposite direction.

Disclaimers

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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.