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›ETF Providers›UBS›USML

USML

US90278V7010

Passive ETN Equity

USML ETN · ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN

The USML Exchange Traded Note (ETN) is provided by UBS. It is built to track an index: MSCI USA Minimum Volatility Index. The dividend policy is capitalization.

Last update 3/13/2026, 1:30 PM UTC

LIVE

CLOSED

This fund is part ofLeveraged Equity1M perf.-3.63%

Last price

$42.17

1M perf.

-1.57%

1M flows

N/A

AuM

€3.7M

E/R

0.95%

Rating

Not rated

ESG Consensus®

USML

$42.17

Performance & flows

December 11, 2025 → March 11, 2026

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USML

$42.55

+1.21%

Historic performance and flows

	1M	3M	1Y	3Y	5Y	MTD	QTD	YTD
Perf.	-1.57%	+1.21%	+4.73%	+69.32%	+68.47%	-4.89%	+1.62%	+1.62%
Flows

Key fund info

This ETF's jurisdiction country is not in your region (Europe and Middle East) ·

Main characteristics

Issuer

UBS

CUSIP

90278V701

ISIN

US90278V7010

AuM

€3.7M

E/R

0.95%

Replication rating

Not rated

ESG Consensus®

More details

NAV

3/11/2026

$42.55

1D NAV change

-1.00%

Dividend policy

No income

Replication method

Other

Replication model

Other

No. of holdings

N/A

Inception date

2/5/2021

Jurisdiction

United States

Distribution

United States

Legal structure

Debt instrument

Base currency

USD

Classification

Product type

Passive ETN

Benchmark

MSCI USA Minimum Volatility Index

Asset class

Equity

Factors

N/A

Investment strategy

The ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN is designed to provide 2 times leveraged long exposure to the compounded quarterly performance of the MSCI USA Minimum Volatility GR USD Index, less financing costs and tracking fees.

Tax optimisation

PEA

France

UK Reporting Status

United Kingdom

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Enterprise

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Risk profile

Historical risk/return profile

	3M	1Y	3Y	5Y
Returns	+1.21%	+4.73%	+69.32%	+68.47%
Volatility
Perf./Volatility
Max drawdown

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Synthetic Risk and Reward Indicator (SRRI)

UCITS

N/A

PRIIPS

N/A

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Enterprise

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Exposure

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Enterprise

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Sustainability

Integrates ESG criteria

SDG

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Enterprise

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Issuer

UBS

UBS ID Card

Number of funds

447

Total AuM

€160.17B

Expense ratio range

0.03% - 0.95%

Average expense ratio

0.2379%

View all UBS funds

Top 5 funds by UBS

		AuM
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EMMUSC	UBS Core MSCI EM UCITS ETF	€5.61B
EMUAA	UBS Core MSCI EMU UCITS ETF	€3.84B
JPNA	UBS Core MSCI Japan UCITS ETF	€3.76B

Frequently asked questions about USML

What does ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN, USML, invest in?

USML is a Passive ETF. This ETN provides leveraged exposure (2x) to Other Large and Mid-Cap US Equities.

Which benchmark or index does USML replicate?

USML tracks the MSCI USA Minimum Volatility Total Return Index - USD, through a replication method.

What is the Total Expense ratio (TER) of USML?

USML carries a total expense ratio (TER) of 0.95%, indicating the annual cost for holding the fund.

When was USML launched?

USML was introduced to the market on February 5, 2021. It trades on United States

Who is the ETF issuer of USML?

ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN, USML, is provided by UBS. Learn more about UBS here.

What is the current assets under management (AUM) of USML?

USML oversees €3.7M in assets as of March 11, 2026.

How has USML performed lately?

Based on data from March 11, 2026, USML returned -1.57% over the past month, 1.21% over the last three months and 1.62% year-to-date.

What is the base currency of USML?

The base currency of USML is USD.

About Trackinsight

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Over the past decade, Trackinsight has expanded its operations across six countries, serving thousands of professional investors. We’ve consistently innovated to provide cutting-edge solutions that meet the changing demands of the ETF market.

In 2024, Kepler Cheuvreux, a leading independent European financial services firm, acquired a majority stake in Trackinsight, becoming the company's principal shareholder.

This strategic partnership solidifies Trackinsight's position as a premier provider of ETF selection and analysis tools, while strengthening Kepler Cheuvreux’s commitment to becoming a leading player in the ETF sector.

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USML ETN · ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN

Performance & flows

Historic performance and flows

Monthly performance and flows

Trading and listing info

Key fund info

Enterprise

Risk profile

Historical risk/return profile

Enterprise

Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.

Exposure

Enterprise

Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.

Sustainability

Enterprise

Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.

Issuer

Frequently asked questions about USML

What does ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN, USML, invest in?

USML is a Passive ETF. This ETN provides leveraged exposure (2x) to Other Large and Mid-Cap US Equities.

Which benchmark or index does USML replicate?

USML tracks the MSCI USA Minimum Volatility Total Return Index - USD, through a replication method.

What is the Total Expense ratio (TER) of USML?

USML carries a total expense ratio (TER) of 0.95%, indicating the annual cost for holding the fund.

When was USML launched?

USML was introduced to the market on February 5, 2021. It trades on United States

Who is the ETF issuer of USML?

ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN, USML, is provided by UBS. Learn more about UBS here.

What is the current assets under management (AUM) of USML?

USML oversees €3.7M in assets as of March 11, 2026.

How has USML performed lately?

Based on data from March 11, 2026, USML returned -1.57% over the past month, 1.21% over the last three months and 1.62% year-to-date.

What is the base currency of USML?

The base currency of USML is USD.

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