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MVRLETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN

Grow my moneyGet income6y track recordRanked #1,485 of 1,622 in this goal

Provides 1.5x leveraged long exposure to the MVIS US Mortgage REITs Index, with variable monthly coupons.

By UBS · Launched 2020

Annual Cost

0.00%

#5,562 of 5,562 · expensive

Fund Size

$13M

#4,641 of 5,562 · small

Return (1Y)Goal

+13.5%

Track Record

6 years

#2,120 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,165+11.7%

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

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Sector

Real estate

Index tracked

MVIS US Mortgage REITs Index

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
27.4%High

Year-on-year price swings

Max drawdown
-60.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.23Below average
Sortino (3Y)
0.31Moderate downside risk

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Provides 1.5x leveraged long exposure to the MVIS US Mortgage REITs Index, with variable monthly coupons.
Strategy
Provides 1.5x leveraged long exposure to the MVIS US Mortgage REITs Index — U.S.-listed mortgage REITs deriving at least 50% of revenue from mortgage-related activities. Pays a variable monthly coupon reflecting 1.5x Index constituent cash distributions, with quarterly compounding.
Inception date
June 2, 2020
Fund family
UBS

Our take

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

Leveraged
Warning

Leveraged ETF — not a long-term hold

This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.

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

Why we flagged this: strategy=leveraged + leveraged_name_or_strategy

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 2026-06-19