QULLETRACS 2x Leveraged MSCI US Quality Factor TR ETN
Provides 2x leveraged long exposure to the compounded quarterly performance of the MSCI USA Sector Neutral Quality GR USD Index, less Accrued Fees.
By UBS · Launched 2021
0.95%
#4,684 of 5,562 · expensive
$6M
#4,941 of 5,562 · small
+36.2%
5 years
#2,304 of 5,562 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
EquityRegion
North americaStrategy
Leveraged
Factor
Quality
Index tracked
MSCI USA Sector Neutral Quality GR USD
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Provides 2x leveraged long exposure to the compounded quarterly performance of the MSCI USA Sector Neutral Quality GR USD Index, less Accrued Fees.
- Strategy
- Provides 2x leveraged long exposure to the MSCI USA Sector Neutral Quality GR USD Index — large- and mid-cap U.S. equities exhibiting stronger quality characteristics relative to peers within the same sector. Leverage is compounded quarterly (reset may occur more frequently in certain events), so performance over longer horizons can diverge materially from 2x the Index.
- Inception date
- February 5, 2021
- Fund family
- UBS
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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
What's next?
You've reviewed QULL. Save it to your watchlist to track it alongside the other funds you're weighing.
Data updated on 2026-06-19