MVRLETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN

Grow my money Get income6y track recordRanked #1,493 of 1,650 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%

#5,853 of 5,853 · expensive

Fund Size

$13M

#4,745 of 5,853 · small

Return (1Y)Goal

+5.2%

Track Record

6 years

#2,074 of 5,853 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,738+7.4%

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

Sector

Real estate

Index tracked

MVIS US Mortgage REITs Index

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

28.7%High

Year-on-year price swings

Max drawdown

-60.2%Severe

Worst peak-to-trough loss

Sharpe (3Y)

0.10Below average

Sortino (3Y)

0.14Moderate downside risk

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

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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 2026-08-02