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This ETN offers 2x leveraged exposure to an index of REITs, an asset class that is capable of making meaningful current returns in any type of environment. The use of leverage on this product further amplifies the potential returns delivered, making RWXL a potentially very useful product for those seeking to beef up current returns. It is important to understand the leverage used by RWXL. Unlike many leveraged ETFs, this ETN resets exposure on a monthly basis. In other words, it seeks to deliver results over the course of a calendar month that correspond to an amplified return on the underlying index. This use of leverage is still quite risky, as it adds to the volatility of the price considerably. But the result is not quite as significant as with daily reset ETFs that can experience significant return erosion in seesawing markets. Of course it is also important to point out that RWXL is an ETN, which means it will experience no tracking error but exposes investors to the credit risk of the issuing financial institution (UBS). This ETN probably doesn't belong in a long-term, buy-and-hold portfolio. But it can be a tremendously useful tool for enhancing current returns or betting on increase in risk appetite in the short term if you understand the nuances and risks associated with monthly leverage.
The adjacent table gives investors an individual Realtime Rating for RWXL on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Leveraged Real Estate with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.
This ETF is not currently available for commission free trading on any platforms.
There are 0 other ETFs in the Leveraged Real Estate ETFdb Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of RWXL relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb Category.
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