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USMLETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN

Grow my money5y track recordRanked #2,800 of 2,960 in this goal

Provides 2x leveraged long exposure to the compounded quarterly performance of the MSCI USA Minimum Volatility GR USD Index, less financing and tracking fees.

By UBS · Launched 2021

Annual Cost

0.95%

#4,684 of 5,562 · expensive

Fund Size

$4M

#5,132 of 5,562 · small

Return (1Y)Goal

+1.1%

Track Record

5 years

#2,304 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,317+3.2%

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

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Leveraged

Factor

Low volatility

Index tracked

MSCI USA Minimum Volatility GR USD

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
16.6%Moderate

Year-on-year price swings

Max drawdown
-35.3%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.60Decent risk-adjusted returns
Sortino (3Y)
0.86Moderate downside risk

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 Minimum Volatility GR USD Index, less financing and tracking fees.
Strategy
Tracks the MSCI USA Minimum Volatility GR USD Index — large- and mid-cap U.S. equities optimized for the lowest absolute volatility under MSCI constraints — with 2x leverage compounded quarterly. Leverage may reset intra-quarter on Loss Rebalancing Events, and becomes unleveraged if a Permanent Deleveraging Event occurs.
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

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