AMUB vs. IFED
AMUB (ETRACS Alerian MLP Index ETN Class B) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both exchange-traded funds - AMUB is a MLPs fund tracking the Alerian MLP Index, while IFED is a Leveraged Equities fund tracking the IFED Large-Cap US Equity Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, AMUB returned 15.25%/yr vs 18.74%/yr for IFED. Their 0.44 correlation means their historical movements had little consistent relationship. AMUB charges 0.80%/yr vs 0.45%/yr for IFED.
Performance
AMUB vs. IFED - Performance Comparison
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Returns By Period
In the year-to-date period, AMUB achieves a 23.05% return, which is significantly higher than IFED's 10.03% return.
AMUB
- 1D
- 1.06%
- 1M
- 7.16%
- 6M
- 13.97%
- YTD
- 23.05%
- 1Y
- 20.12%
- 3Y*
- 15.25%
- 5Y*
- 15.00%
- 10Y*
- 3.58%
- ALL TIME*
- 0.51%
IFED
- 1D
- 0.00%
- 1M
- 13.92%
- 6M
- 14.63%
- YTD
- 10.03%
- 1Y
- 14.76%
- 3Y*
- 18.74%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.17K | $7.30K | $19.86K | |
| $159.79K | $83.84K | $44.71K |
AMUB vs. IFED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AMUB ETRACS Alerian MLP Index ETN Class B | 23.05% | 2.05% | 15.68% | 16.89% | 21.91% | 0.38% |
IFED ETRACS IFED Invest with the Fed TR Index ETN | 10.03% | 15.02% | 23.04% | 20.78% | -1.46% | 8.46% |
Correlation
The correlation between AMUB and IFED is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.04 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021 | 0.44 |
Over the past year, the correlation between AMUB and IFED has dropped to 0.04 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
AMUB vs. IFED — Risk / Return Rank
AMUB
IFED
AMUB vs. IFED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian MLP Index ETN Class B (AMUB) and ETRACS IFED Invest with the Fed TR Index ETN (IFED). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AMUB | IFED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.14 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 0.64 | +1.01 |
| Martin ratioReturn relative to average drawdown | 4.50 | 2.01 | +2.49 |
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Drawdowns
AMUB vs. IFED - Drawdown Comparison
The maximum AMUB drawdown since its inception was -79.46%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for AMUB and IFED.
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Drawdown Indicators
| AMUB | IFED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.46% | -22.36% | -57.10% |
Max Drawdown (1Y)Largest decline over 1 year | -11.02% | -20.18% | +9.16% |
Max Drawdown (3Y)Largest decline over 3 years | -17.22% | -22.36% | +5.14% |
Max Drawdown (5Y)Largest decline over 5 years | -20.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -78.86% | — | — |
Current DrawdownCurrent decline from peak | -1.28% | -7.61% | +6.33% |
Average DrawdownAverage peak-to-trough decline | -28.87% | -5.85% | -23.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 6.43% | -2.07% |
Volatility
AMUB vs. IFED - Volatility Comparison
The current volatility for ETRACS Alerian MLP Index ETN Class B (AMUB) is 4.77%, while ETRACS IFED Invest with the Fed TR Index ETN (IFED) has a volatility of 24.07%. This indicates that AMUB experiences smaller price fluctuations and is considered to be less risky than IFED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMUB | IFED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 24.07% | -19.30% |
Volatility (6M)Calculated over the trailing 6-month period | 11.09% | 27.96% | -16.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.47% | 29.34% | -14.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.86% | 22.56% | -2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.18% | 22.56% | +4.62% |
AMUB vs. IFED - Expense Ratio Comparison
AMUB has a 0.80% expense ratio, which is higher than IFED's 0.45% expense ratio.
Dividends
AMUB vs. IFED - Dividend Comparison
Neither AMUB nor IFED has paid dividends to shareholders.
Frequently Asked Questions
AMUB and IFED have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IFED has higher volatility (24.07%) compared to AMUB (4.77%). In terms of maximum drawdown, AMUB dropped -79.46% vs IFED's -22.36%.
On 3-year performance, IFED leads with 18.74% vs 15.25% for AMUB. On fees, IFED is cheaper at 0.45% per year. On volatility, AMUB has been the lower-risk option at 4.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IFED has performed better with a 18.74% return vs 15.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IFED is cheaper with a 0.45% expense ratio, compared with 0.80% for AMUB.
AMUB and IFED have nearly identical dividend yields, around 0.00%.
AMUB is categorized as MLPs, while IFED is Leveraged Equities. AMUB tracks Alerian MLP Index, while IFED tracks IFED Large-Cap US Equity Index - Benchmark TR Gross. Their fees differ too: 0.80% for AMUB and 0.45% for IFED.
AMUB currently has the higher Sharpe Ratio (1.26 vs 0.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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