BKNU vs. IFED

Last updated Jun 23, 2026

BKNU (T-Rex 2X Long BKNG Daily Target ETF) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds. BKNU is actively managed, while IFED is passively managed. At a 0.36 correlation, their price movements are largely independent. BKNU charges 1.50%/yr vs 0.45%/yr for IFED.

Performance

BKNU vs. IFED - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long BKNG Daily Target ETF (BKNU) and ETRACS IFED Invest with the Fed TR Index ETN (IFED). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BKNU

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IFED

• 1D: 0.11%
• 1M: 2.53%
• YTD: -3.02%
• 6M: -4.18%
• 1Y: 3.33%
• 3Y*: 16.56%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BKNU vs. IFED - Yearly Performance Comparison

	2026 (YTD)	2025
BKNU T-Rex 2X Long BKNG Daily Target ETF	-39.53%	-13.81%
IFED ETRACS IFED Invest with the Fed TR Index ETN	-3.02%	0.54%

Correlation

The correlation between BKNU and IFED is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025	0.36

Return for Risk

BKNU vs. IFED — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BKNU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IFED

IFED Risk / Return Rank: 11
IFED Sharpe Ratio Rank: 11
IFED Sortino Ratio Rank: 11
IFED Omega Ratio Rank: 10
IFED Calmar Ratio Rank: 11
IFED Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BKNU vs. IFED - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long BKNG Daily Target ETF (BKNU) 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.

	BKNU	IFED	Difference
Sharpe ratio: Return per unit of total volatility	—	0.20	—
Sortino ratio: Return per unit of downside risk	—	0.41	—
Omega ratio: Gain probability vs. loss probability	—	1.05	—
Calmar ratio: Return relative to maximum drawdown	—	0.23	—
Martin ratio: Return relative to average drawdown	—	0.57	—

Drawdowns

Drawdown Indicators

	BKNU	IFED	Difference
Max Drawdown Largest peak-to-trough decline	—	-22.36%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-14.65%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.36%	—
Current Drawdown Current decline from peak	—	-5.00%	—
Average Drawdown Average peak-to-trough decline	—	-5.83%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.87%	—

Volatility

Volatility by Period

	BKNU	IFED	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.87%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	19.92%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	19.92%	—

BKNU vs. IFED - Expense Ratio Comparison

BKNU has a 1.50% expense ratio, which is higher than IFED's 0.45% expense ratio.

Dividends

BKNU vs. IFED - Dividend Comparison

Neither BKNU nor IFED has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BKNU and IFED in my portfolio?

BKNU and IFED have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BKNU or IFED?

On fees, IFED is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BKNU or IFED?

IFED is cheaper with a 0.45% expense ratio, compared with 1.50% for BKNU.

Which ETF pays a higher dividend yield, BKNU or IFED?

BKNU and IFED have nearly identical dividend yields, around 0.00%.

What is the main difference between BKNU and IFED?

They also come from different issuers: Tuttle Capital Management and UBS. Their fees differ too: 1.50% for BKNU and 0.45% for IFED.