- ISIN
- US90278V7689
- Issuer
- UBS
- Inception Date
- Sep 14, 2021
- Region
- North America (U.S.)
- Category
- Leveraged Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- IFED Large-Cap US Equity Index - Benchmark TR Gross
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Assets Under Management
- $49M
Share Price Chart
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Performance
IFED Performance Chart
ETRACS IFED Invest with the Fed TR Index ETN (IFED) is down 4.6% since the beginning of the year. IFED is currently trading at $44 per share.
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Returns By Period
ETRACS IFED Invest with the Fed TR Index ETN (IFED) has returned -4.64% so far this year and -0.20% over the past 12 months.
ETRACS IFED Invest with the Fed TR Index ETN
- 1D
- -1.62%
- 1M
- 0.81%
- YTD
- -4.64%
- 6M
- -5.76%
- 1Y
- -0.20%
- 3Y*
- 15.90%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.10%
- 1M
- -1.54%
- YTD
- 7.49%
- 6M
- 6.15%
- 1Y
- 20.78%
- 3Y*
- 19.17%
- 5Y*
- 11.44%
- 10Y*
- 13.70%
IFED Monthly Returns History
Based on dividend-adjusted daily data since Sep 15, 2021, IFED's average daily return is +0.05%, while the average monthly return is +1.09%. At this rate, an investment would double in approximately 5.3 years.
Historically, 62% of months were positive and 38% were negative. The best month was Oct 2022 with a return of +12.2%, while the worst month was Jun 2022 at -11.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, IFED closed higher 51% of trading days. The best single day was Jul 25, 2024 with a return of +9.0%, while the worst single day was Jul 29, 2024 at -6.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.02% | -1.04% | -5.98% | 2.29% | 6.57% | -2.05% | -4.64% | ||||||
| 2025 | 6.53% | -2.01% | -6.65% | 0.81% | 9.13% | 4.13% | 0.42% | 0.64% | 2.32% | 0.35% | -1.30% | 0.60% | 15.02% |
| 2024 | 3.30% | 4.29% | 5.62% | -4.80% | 3.77% | 1.09% | 0.72% | 1.50% | 1.91% | 0.35% | 9.81% | -5.68% | 23.04% |
| 2023 | 7.25% | -2.40% | -3.69% | 0.03% | -0.38% | 7.53% | 3.79% | -1.33% | -1.83% | -2.93% | 8.91% | 5.20% | 20.78% |
| 2022 | 1.27% | 3.36% | 4.61% | -9.03% | 2.14% | -11.01% | 10.19% | -2.61% | -9.36% | 12.19% | 6.83% | -6.63% | -1.46% |
| 2021 | -1.52% | 6.40% | -1.95% | 5.56% | 8.46% |
Benchmark Metrics
ETRACS IFED Invest with the Fed TR Index ETN has an annualized alpha of 2.95%, beta of 0.89, and R2 of 0.59 versus S&P 500 Index. Calculated based on daily prices since September 15, 2021.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (93.59%) than losses (88.65%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 2.95% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.89 and R2 of 0.59, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.95%
- Beta
- 0.89
- R²
- 0.59
- Upside Capture
- 93.59%
- Downside Capture
- 88.65%
Expense Ratio
IFED has an expense ratio of 0.45%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IFED ranks 9 for risk / return — in the bottom 9% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ETRACS IFED Invest with the Fed TR Index ETN (IFED) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IFED | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.30 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 2.29 | -2.31 |
| Martin ratioReturn relative to average drawdown | -0.03 | 10.15 | -10.18 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ETRACS IFED Invest with the Fed TR Index ETN. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ETRACS IFED Invest with the Fed TR Index ETN was 22.36%, occurring on Apr 8, 2025. Recovery took 55 trading sessions.
The current ETRACS IFED Invest with the Fed TR Index ETN drawdown is 6.60%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -22.36%Apr 2025 | 1mo 17d | 2mo 20d | 4mo 7dFeb 2025 - Jun 2025 |
Bear market2022 | -22.23%Oct 2022 | 6mo 16d | 1y 1mo | 1y 8moMar 2022 - Nov 2023 |
2026 correction2026 | -14.65%Mar 2026 | 5mo | — | 8mo 17hOct 2025 - now |
2024 correction2024 | -13.69%Aug 2024 | 7d | 3mo 3d | 3mo 10dJul 2024 - Nov 2024 |
2024 pullback2024 | -6.72%Dec 2024 | 22d | 1mo | 1mo 22dDec 2024 - Jan 2025 |
Drawdown Indicators
| IFED | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.36% | -56.78% | +34.42% |
Max Drawdown (1Y)Largest decline over 1 year | -14.65% | -9.10% | -5.55% |
Max Drawdown (3Y)Largest decline over 3 years | -22.36% | -18.90% | -3.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -6.60% | -3.31% | -3.29% |
Average DrawdownAverage peak-to-trough decline | -5.83% | -10.71% | +4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.90% | 2.05% | +3.85% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Build a portfolio with IFED
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