CEFD vs. AIPI
Compare and contrast key facts about ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) and REX AI Equity Premium Income ETF (AIPI).
CEFD and AIPI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CEFD is a passively managed fund by UBS that tracks the performance of the S-Network Composite Closed-End Fund Index (150%). It was launched on Jun 2, 2020. AIPI is an actively managed fund by REX. It was launched on Jun 3, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CEFD or AIPI.
Correlation
The correlation between CEFD and AIPI is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CEFD vs. AIPI - Performance Comparison
Key characteristics
CEFD:
21.61%
AIPI:
26.94%
CEFD:
-36.95%
AIPI:
-25.25%
CEFD:
-12.60%
AIPI:
-14.22%
Returns By Period
In the year-to-date period, CEFD achieves a -4.54% return, which is significantly higher than AIPI's -8.66% return.
CEFD
-4.54%
-5.78%
-5.34%
11.77%
N/A
N/A
AIPI
-8.66%
-2.23%
-4.79%
N/A
N/A
N/A
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CEFD vs. AIPI - Expense Ratio Comparison
CEFD has a 0.95% expense ratio, which is higher than AIPI's 0.65% expense ratio.
Risk-Adjusted Performance
CEFD vs. AIPI — Risk-Adjusted Performance Rank
CEFD
AIPI
CEFD vs. AIPI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) and REX AI Equity Premium Income ETF (AIPI). 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.
Not enough dataDividends
CEFD vs. AIPI - Dividend Comparison
CEFD's dividend yield for the trailing twelve months is around 16.35%, less than AIPI's 35.37% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
CEFD ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN | 16.35% | 13.90% | 14.76% | 16.56% | 10.31% | 5.37% |
AIPI REX AI Equity Premium Income ETF | 35.37% | 18.13% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CEFD vs. AIPI - Drawdown Comparison
The maximum CEFD drawdown since its inception was -36.95%, which is greater than AIPI's maximum drawdown of -25.25%. Use the drawdown chart below to compare losses from any high point for CEFD and AIPI. For additional features, visit the drawdowns tool.
Volatility
CEFD vs. AIPI - Volatility Comparison
ETRACS Monthly Pay 1.5x Leveraged Closed-End Fund Index ETN (CEFD) has a higher volatility of 17.20% compared to REX AI Equity Premium Income ETF (AIPI) at 16.15%. This indicates that CEFD's price experiences larger fluctuations and is considered to be riskier than AIPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.