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ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN

MVRL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 02 2020
Expense Ratio
0.95%
Type
US Equities
Fund Owner
UBS
Volume (1m avg. daily)
$128,293
AUM
$17,300,000
Associated Index
MVIS US Mortgage REITs Index
Inverse/Leveraged
Leveraged (1.5x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
Invest with MVRL

What is MVRL?

The ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN is designed to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the MVIS US Mortgage REITs Index, less financing costs and tracking fees, and may pay a variable monthly coupon linked to the leveraged cash distributions associated with the underlying mortgage REIT index constituents. The MVIS US Mortgage REITs Index is a modified capitalization-weighted, float-adjusted index designed to give investors a means of tracking the overall performance of publicly-traded mortgage REITs that are listed and incorporated in the United States and derive at least 50% (25% for current Index components) of their revenues from mortgage-related activity. This includes REITs that are primarily engaged in the purchase or service of commercial or residential mortgage loans or mortgage-related securities.

ETFs related toMVRL

ETFs correlated to MVRL include MORT, REM, KBWD

MVRL
UBS AG London Branch - ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN
MORT
VanEck ETF Trust - VanEck Mortgage REIT Income ETF
REM
BlackRock Institutional Trust Company N.A. - iShares Mortgage Real Estate ETF
KBWD
Invesco Capital Management LLC - Invesco KBW High Dividend Yield Financial ETF
SRET
Global X Funds - Global X SuperDividend REIT ETF
MDIV
First Trust Exchange-Traded Fund VI - Multi-Asset Diversified Income Index Fund
DIV
Global X Funds - Global X SuperDividend U.S. ETF
NUMV
Nuveen Fund Advisors LLC - Nuveen ESG Mid-Cap Value ETF
BIZD
VanEck ETF Trust - VanEck BDC Income ETF
ISCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Small-Cap Value ETF
IVOV
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 Value 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.

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Create your own algorithmic trading strategy with MVRL using Composer

FAQ

MVRL is a US Equities ETF. The ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN is designed to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the MVIS US Mortgage REITs Index, less financing costs and tracking fees, and may pay a variable monthly coupon linked to the leveraged cash distributions associated with the underlying mortgage REIT index constituents. The MVIS US Mortgage REITs Index is a modified capitalization-weighted, float-adjusted index designed to give investors a means of tracking the overall performance of publicly-traded mortgage REITs that are listed and incorporated in the United States and derive at least 50% (25% for current Index components) of their revenues from mortgage-related activity. This includes REITs that are primarily engaged in the purchase or service of commercial or residential mortgage loans or mortgage-related securities.

MVRL tracks the MVIS US Mortgage REITs Index.

No, MVRL 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, MVRL 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 MVRL is -0.017%. This is the percent change in the value of MVRL over the most recent 1-month period. The 3-month return on MVRL is -0.1488%. This is the percent change in the value of MVRL over the most recent 3-month period.

The standard deviation of MVRL for the past year is 0.5061%. 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 MVRL include SSO, QID, and SDS.

ETFs correlated to MVRL include MORT, REM, and KBWD.

ETFs that are inversely correlated to MVRL include SBB, RWM, and SRTY.

Yes, MVRL is a Leveraged (1.5x) ETF: This means that MVRL will try to match the performance of MVIS US Mortgage REITs Index, but with 1x the returns.

Yes, MVRL is a Leveraged (1.5x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of MVIS US Mortgage REITs Index, but move 1x 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.