ETRACS ETFs: record by period

Record

15 funds with a full year

ETRACS’s 1-Year Record

10 of 15 Made Money5 lostETRACS typical +5.4% · All ETFs +7.8%

Made money · 10

More than 30%3BestUSOI+42.9%

20–30%3

10–20%0

5–10%2

0–5%2

Lost money · 5

0–5%1

5–10%2

More than 10%2WorstMVRL−21.3%

ETRACS ETFs · past-year returns · 15 funds with a full year · as of Nov 5, 2026

ETRACS’s Returns by Bucket

BucketYTD1YMoney made

Income5 funds · $847M+12.5%+18.6%$117M

Thematic1 fund · $214M+18.4%+22.7%$39.5M

Unsorted8 funds · $148M+9.0%+11.0%$11.5M

Bonds & cash1 fund · $8.8M−26.1%−21.3%−$2.4M

ETRACS ETFs by bucket · asset-weighted returns · money made is an estimate: AUM × return · Nov 5, 2026

ETRACS’s Best ETFs

YTD

+47.1%USOI, UBS AG ETRACS Crude Oil Covered Call ETNs due April 24, 2037, led ETRACS

1USOIUBS AG ETRACS Crude Oil Covered Call ETNs due April 24, 2037+47.1%

2UCIBCMCI Total Return ETN Series B+29.2%

3MLPRQuarterly Pay 1.5X Leveraged Alerian MLP ETN+23.8%

4AMUBAlerian MLP ETN Class B+21.9%

5HDLBMonthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B+19.3%

6MLPBAlerian MLP Infrastructure ETN Series B+18.4%

7SMHB2xMonthly Pay Leveraged US Small Cap High Dividend ETN Series B+6.7%

8CEFDMonthly Pay 1.5X Leveraged Closed-End ETN+2.1%

ETRACS ETFs · year-to-date returns · as of Nov 5, 2026

ETRACS’s Worst ETFs

YTD

−26.1%MVRL, Monthly Pay 1.5x Leveraged Mortgage REIT ETN

1MVRLMonthly Pay 1.5x Leveraged Mortgage REIT ETN−26.1%

2PFFL2xMonthly Pay Leveraged Preferred Stock ETN−13.3%

3SLVOUBS ETRACS Silver Covered Call ETN−9.5%

4BDCXQuarterly Pay 1.5x Leveraged MarketVector BDC Liquid ETN−5.7%

5IFEDIFED Invest with the Fed TR ETN due September 15, 2061−5.0%

6BDCZMarketVector Business Development Companies Liquid ETN−4.1%

7GLDIUBS AG ETRACS Gold Covered Call ETNs due February 2, 2033−3.3%

ETRACS ETFs · year-to-date returns · as of Nov 5, 2026

ETRACS’s ETF Returns

YTD

8–7up · down this year
of 15 funds that traded Jan 1

Funds per 5-point band of YTD return (%).

Typical+2.1%

BestUSOI +47.1%

WorstMVRL −26.1%

ETRACS ETFs · year-to-date returns · as of Nov 5, 2026

Top 12 ETRACS ETFs

USOI+42.9%

MLPR+31.4%

UCIB+30.9%

AMUB+27.1%

MLPB+22.7%

SLVO+5.6%

SMHB+5.4%

GLDI+3.3%

CEFD+2.4%

IFED−5.1%

BDCZ−5.4%

MVRL−21.3%

Best first · dashed line = ETRACS typical +5.4%

ETRACS ETFs · past-year returns · as of Nov 5, 2026

ETRACS’s Money Made

$165Mmade by the 12 largest · 100% of $165M

ETRACS ETFs · past-year money made · as of Nov 5, 2026 · estimate: AUM × return

ETRACS’s Best and Worst ETFs

Best 5 of 15

USOIUBS AG ETRACS Crude Oil Covered Call ETNs due April 24, 2037+42.9%

MLPRQuarterly Pay 1.5X Leveraged Alerian MLP ETN+31.4%

UCIBCMCI Total Return ETN Series B+30.9%

AMUBAlerian MLP ETN Class B+27.1%

HDLBMonthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B+24.5%

Worst 5 of 15

MVRLMonthly Pay 1.5x Leveraged Mortgage REIT ETN−21.3%

PFFL2xMonthly Pay Leveraged Preferred Stock ETN−13.9%

BDCZMarketVector Business Development Companies Liquid ETN−5.4%

IFEDIFED Invest with the Fed TR ETN due September 15, 2061−5.1%

BDCXQuarterly Pay 1.5x Leveraged MarketVector BDC Liquid ETN−4.4%

End-of-day Nov 5, 2026 · funds with a full year

ETRACS’s Record by Bucket

Income5 of 5

Thematic1 of 1

Unsorted4 of 8

Bonds & cash0 of 1

ETRACS ETFs · past-year returns · as of Nov 5, 2026

Money Made by ETF Issuers

$1.67Tmade by all US ETFs · an estimate

#IssuerMade

1Vanguard$488B

2iShares$440B

3SPDR$237B

4Invesco$102B

5Schwab$93.3B

End-of-day Nov 5, 2026

ETRACS’s Losing ETFs

5funds lost money4 unsorted funds · 1 bond fund

FundCategoryPast year1Y ▲Assets

MVRLMonthly Pay 1.5x Leveraged Mortgage REIT ETNBonds & cash−21.3%$8.8M

PFFL2xMonthly Pay Leveraged Preferred Stock ETNUnsorted−13.9%$3.9M

BDCZMarketVector Business Development Companies Liquid ETNUnsorted−5.4%$11.0M

IFEDIFED Invest with the Fed TR ETN due September 15, 2061Unsorted−5.1%$50.4M

BDCXQuarterly Pay 1.5x Leveraged MarketVector BDC Liquid ETNUnsorted−4.4%$6.7M

ETRACS ETFs · past-year returns · as of Nov 5, 2026 · worst first

ETRACS’s Newest ETFs

0funds not in the record yet

A fund joins Win % and typical return once it has a full year of prices.

ETRACS ETFs · launched in the past year · as of Nov 5, 2026

EETRACS

Record

ETRACS