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ETFs

ETRACS 2x Leveraged MSCI US Quality Factor TR ETN

QULL
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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)
$1,860
AUM
$28,540,000
Associated Index
MSCI USA Sector Neutral Quality Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View
Invest with QULL

What is QULL?

he MSCI USA Sector Neutral Quality Index captures large and mid-cap representation across the US equity markets. The index aims to capture the performance of securities that exhibit stronger quality characteristics relative to their peers within the same GICS sector by identifying stocks with high quality scores based on three main fundamental variables: high Return-on-Equity (ROE), low leverage and low earnings variability.

ETFs related toQULL

ETFs correlated to QULL include QUAL, SPUU, PBUS

QULL
UBS AG London Branch - ETRACS 2x Leveraged MSCI US Quality Factor TR ETN
QUAL
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Quality Factor ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
LCTU
BlackRock ETF Trust - BlackRock U.S. Carbon Transition Readiness ETF
IYY
BlackRock Institutional Trust Company N.A. - iShares Dow Jones U.S. ETF
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
GSLC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 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 toQULL

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with QULL using Composer

FAQ

QULL is a US Equities ETF. he MSCI USA Sector Neutral Quality Index captures large and mid-cap representation across the US equity markets. The index aims to capture the performance of securities that exhibit stronger quality characteristics relative to their peers within the same GICS sector by identifying stocks with high quality scores based on three main fundamental variables: high Return-on-Equity (ROE), low leverage and low earnings variability.

QULL tracks the MSCI USA Sector Neutral Quality Index.

No, QULL 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, QULL 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 QULL is -0.0419%. This is the percent change in the value of QULL over the most recent 1-month period. The 3-month return on QULL is 0.0001%. This is the percent change in the value of QULL over the most recent 3-month period.

The standard deviation of QULL for the past year is 0.3605%. 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 QULL include TQQQ, SSO, and TNA.

ETFs correlated to QULL include QUAL, SPUU, and PBUS.

ETFs that are inversely correlated to QULL include SPDN, SH, and SDS.

Yes, QULL is a Leveraged (2x) ETF: This means that QULL will try to match the performance of MSCI USA Sector Neutral Quality Index, but with 2x the returns.

Yes, QULL is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of MSCI USA Sector Neutral Quality 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.