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ETFs

ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN

USML
$—
Today’s Change
— (—)

Snapshot
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Inception Date
Feb 5, 2021
Expense Ratio
0.95%
Type
US Equities
Fund Owner
UBS
Volume (1m avg. daily)
$6,937
AUM
$28,270,000
Associated Index
MSCI USA Minimum Volatility Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View
Invest with USML
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What is USML?

The MSCI USA Minimum Volatility (USD) Index aims to reflect the performance characteristics of a minimum variance strategy applied to the large and mid cap USA equity universe. The index is calculated by optimizing the MSCI USA Index, its parent index, in USD for the lowest absolute risk (within a given set of constraints). Historically, the index has shown lower beta and volatility characteristics relative to the MSCI USA Index.

1M
3M
6M
YTD
1Y
3Y
Max
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USML
Performance Measures**

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

Returns

1M Trailing Return: 3.3%

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

3M Trailing Return: 0.0%

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

Measures of Risk or Volatility

Max Drawdown: -35.3%

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

Standard Deviation: 24.9%

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: 0.55

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: 0.31

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

ETFs related toUSML

ETFs correlated to USML include USMV, LGLV, FDLO

USML
UBS AG London Branch - ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN
USMV
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Min Vol Factor ETF
LGLV
SPDR Series Trust - SPDR SSGA US Large Cap Low Volatility Index ETF
FDLO
Fidelity Covington Trust - Fidelity Low Volatility Factor ETF
FTCS
First Trust Exchange-Traded Fund III - First Trust Capital Strength ETF
VIG
Vanguard Group, Inc. - Vanguard Dividend Appreciation FTF
GLOV
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF
OUSA
OSI ETF Trust - ALPS O'Shares U.S. Quality Dividend ETF
ROUS
Lattice Strategies Trust - Hartford Multifactor US Equity ETF
DGRO
BlackRock Institutional Trust Company N.A. - iShares Core Dividend Growth ETF
TDVG
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Dividend Growth 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

USML is a US Equities ETF. The MSCI USA Minimum Volatility (USD) Index aims to reflect the performance characteristics of a minimum variance strategy applied to the large and mid cap USA equity universe. The index is calculated by optimizing the MSCI USA Index, its parent index, in USD for the lowest absolute risk (within a given set of constraints). Historically, the index has shown lower beta and volatility characteristics relative to the MSCI USA Index.

USML tracks the MSCI USA Minimum Volatility Index.

No, USML 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, USML 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 USML is 0%. This is the percent change in the value of USML over the most recent 1-month period. The 3-month return on USML is 0.013%. This is the percent change in the value of USML over the most recent 3-month period.

The standard deviation of USML for the past year is 0.2619%. 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 USML include TQQQ, SSO, and TNA.

ETFs correlated to USML include USMV, LGLV, and FDLO.

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

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

No, USML is not an inverse ETF.

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.