Skip to content
Beacon

USMLETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN

Grow my money5y track recordRanked #2,814 of 2,992 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%

#4,876 of 5,854 · expensive

Fund Size

$4M

#5,272 of 5,854 · small

Return (1Y)Goal

+7.3%

Track Record

5 years

#2,251 of 5,854 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,959+9.6%

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

MSCI USA Minimum Volatility GR USD

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
15.8%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)
0.88Moderate downside risk

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

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

What's next?

You've looked at USML. Save it to your watchlist to weigh it against other funds, then turn your shortlist into a portfolio.

See other funds for this goal

Data updated on 2026-08-03