BU vs. IFED
BU (Defiance Daily Target 2X Long B ETF) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds. BU is actively managed, while IFED is passively managed. At a 0.25 correlation, their price movements are largely independent. BU charges 1.29%/yr vs 0.45%/yr for IFED.
Performance
BU vs. IFED - Performance Comparison
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Returns By Period
In the year-to-date period, BU achieves a -29.80% return, which is significantly lower than IFED's -4.64% return.
BU
- 1D
- 0.00%
- 1M
- -6.46%
- YTD
- -29.80%
- 6M
- -36.49%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IFED
- 1D
- -1.62%
- 1M
- 0.81%
- YTD
- -4.64%
- 6M
- -5.76%
- 1Y
- -0.20%
- 3Y*
- 15.90%
- 5Y*
- —
- 10Y*
- —
BU vs. IFED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BU Defiance Daily Target 2X Long B ETF | -29.80% | 27.72% |
IFED ETRACS IFED Invest with the Fed TR Index ETN | -4.64% | 2.08% |
Correlation
The correlation between BU and IFED is 0.25, 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 Nov 19, 2025 | 0.25 |
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Return for Risk
BU vs. IFED — Risk / Return Rank
BU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IFED
BU vs. IFED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long B ETF (BU) 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.
| BU | IFED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.01 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.01 | — |
| Martin ratioReturn relative to average drawdown | — | -0.03 | — |
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Drawdowns
BU vs. IFED - Drawdown Comparison
The maximum BU drawdown since its inception was -53.98%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for BU and IFED.
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Drawdown Indicators
| BU | IFED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.98% | -22.36% | -31.62% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.65% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.36% | — |
Current DrawdownCurrent decline from peak | -51.59% | -6.60% | -44.99% |
Average DrawdownAverage peak-to-trough decline | -27.44% | -5.83% | -21.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.90% | — |
Volatility
BU vs. IFED - Volatility Comparison
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Volatility by Period
| BU | IFED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.86% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.89% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 95.37% | 16.90% | +78.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 95.37% | 19.92% | +75.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.37% | 19.92% | +75.45% |
BU vs. IFED - Expense Ratio Comparison
BU has a 1.29% expense ratio, which is higher than IFED's 0.45% expense ratio.
Dividends
BU vs. IFED - Dividend Comparison
Neither BU nor IFED has paid dividends to shareholders.
Frequently Asked Questions
BU and IFED have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
IFED is cheaper with a 0.45% expense ratio, compared with 1.29% for BU.
BU and IFED have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and UBS. Their fees differ too: 1.29% for BU and 0.45% for IFED.
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