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IWDLETRACS 2x Leveraged US Value Factor TR ETN

Take a bet5y track recordRanked #832 of 949 in this goal

Provides 2x leveraged long exposure to the compounded quarterly performance of the Russell 1000 Value TR USD Index, less fees.

By UBS · Launched 2021

Annual Cost

0.95%

#4,882 of 5,861 · expensive

Fund Size

$6M

#5,112 of 5,861 · small

Return (1Y)Goal

+58.0%

Track Record

5 years

#2,251 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$16,477+64.8%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Index tracked

Russell 1000 Value Total Return USD Index

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
23.6%High

Year-on-year price swings

Max drawdown
-37.9%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.94Decent risk-adjusted returns
Sortino (3Y)
1.42Good downside protection

Listing

Exchange
NYSE Arca

Full fund details

Objective
Provides 2x leveraged long exposure to the compounded quarterly performance of the Russell 1000 Value TR USD Index, less fees.
Strategy
Provides 2x leveraged long exposure to the Russell 1000 Value TR USD Index — a U.S. large-cap value factor benchmark — with leverage compounded quarterly rather than daily-reset. Returns are reduced by financing costs and an Accrued Tracking Fee.
Inception date
February 5, 2021
Fund family
UBS

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04