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ETFs

ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN

MTUL
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Today’s Change
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Snapshot
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Inception Date
Feb 05 2021
Expense Ratio
0.95%
Type
US Equities
Fund Owner
UBS
Volume (1m avg. daily)
$821
AUM
$15,120,000
Associated Index
MSCI USA Momentum Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View
Invest with MTUL

What is MTUL?

The MSCI USA Momentum Index is based on MSCI USA Index, its parent index, which captures large and mid cap stocks of the US market. It is designed to reflect the performance of an equity momentum strategy by emphasizing stocks with high price momentum, while maintaining reasonably high trading liquidity, investment capacity and moderate index turnover

ETFs related toMTUL

ETFs correlated to MTUL include MTUM, GAUG, LGRO

MTUL
UBS AG London Branch - ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN
MTUM
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Momentum Factor ETF
GAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - August
LGRO
Advisors Series Trust - Level Four Large Cap Growth Active ETF
AUGW
AIM ETF Products Trust - AllianzIM U.S. Large Cap Buffer20 Aug ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
GJUN
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - June
SPMO
Invesco Capital Management LLC - Invesco S&P 500 Momentum ETF
VFMO
Vanguard Group, Inc. - Vanguard U.S. Momentum Factor ETF
MGV
Vanguard Group, Inc. - Vanguard Mega Cap Value ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toMTUL

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with MTUL using Composer

FAQ

MTUL is a US Equities ETF. The MSCI USA Momentum Index is based on MSCI USA Index, its parent index, which captures large and mid cap stocks of the US market. It is designed to reflect the performance of an equity momentum strategy by emphasizing stocks with high price momentum, while maintaining reasonably high trading liquidity, investment capacity and moderate index turnover

MTUL tracks the MSCI USA Momentum Index.

No, MTUL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, MTUL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MTUL is -0.0304%. This is the percent change in the value of MTUL over the most recent 1-month period. The 3-month return on MTUL is -0.0093%. This is the percent change in the value of MTUL over the most recent 3-month period.

The standard deviation of MTUL for the past year is 0.3044%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MTUL include SSO, TNA, and SPXL.

ETFs correlated to MTUL include MTUM, GAUG, and LGRO.

ETFs that are inversely correlated to MTUL include DOG, SDOW, and DXD.

Yes, MTUL is a Leveraged (2x) ETF: This means that MTUL will try to match the performance of MSCI USA Momentum Index, but with 2x the returns.

Yes, MTUL is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of MSCI USA Momentum Index, but move 2x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.