COIA vs. IFED

Last updated Jun 23, 2026

COIA (ProShares Ultra COIN) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds - COIA tracks the Coinbase Global, Inc. while IFED tracks the IFED Large-Cap US Equity Index - Benchmark TR Gross. Both are passively managed. At a 0.49 correlation, their price movements are largely independent. COIA charges 1.06%/yr vs 0.45%/yr for IFED.

Performance

COIA vs. IFED - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra COIN (COIA) 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

In the year-to-date period, COIA achieves a -63.09% return, which is significantly lower than IFED's -3.07% return.

COIA

• 1D: 1.80%
• 1M: -24.24%
• YTD: -63.09%
• 6M: -69.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IFED

• 1D: -0.05%
• 1M: 2.47%
• YTD: -3.07%
• 6M: -3.90%
• 1Y: 2.52%
• 3Y*: 16.54%
• 5Y*: —
• 10Y*: —

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

COIA vs. IFED - Yearly Performance Comparison

	2026 (YTD)	2025
COIA ProShares Ultra COIN	-63.09%	-58.83%
IFED ETRACS IFED Invest with the Fed TR Index ETN	-3.07%	0.59%

Correlation

The correlation between COIA and IFED is 0.49, 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 10, 2025	0.49

Return for Risk

COIA vs. IFED — Risk / Return Rank

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

COIA

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

IFED

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

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.

COIA vs. IFED - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra COIN (COIA) 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.

	COIA	IFED	Difference
Sharpe ratio: Return per unit of total volatility	—	0.15	—
Sortino ratio: Return per unit of downside risk	—	0.34	—
Omega ratio: Gain probability vs. loss probability	—	1.04	—
Calmar ratio: Return relative to maximum drawdown	—	0.17	—
Martin ratio: Return relative to average drawdown	—	0.43	—

Drawdowns

COIA vs. IFED - Drawdown Comparison

The maximum COIA drawdown since its inception was -90.45%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for COIA and IFED.

Drawdown Indicators

	COIA	IFED	Difference
Max Drawdown Largest peak-to-trough decline	-90.45%	-22.36%	-68.09%
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	-89.07%	-5.05%	-84.02%
Average Drawdown Average peak-to-trough decline	-63.26%	-5.83%	-57.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.88%	—

Volatility

Volatility by Period

	COIA	IFED	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	140.04%	16.84%	+123.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	140.04%	19.92%	+120.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	140.04%	19.92%	+120.12%

COIA vs. IFED - Expense Ratio Comparison

COIA has a 1.06% expense ratio, which is higher than IFED's 0.45% expense ratio.

Dividends

COIA vs. IFED - Dividend Comparison

COIA's dividend yield for the trailing twelve months is around 4.84%, while IFED has not paid dividends to shareholders.

Position	TTM	2025
COIA ProShares Ultra COIN	4.84%	1.10%
IFED ETRACS IFED Invest with the Fed TR Index ETN	0.00%	0.00%

Frequently Asked Questions

Can I hold both COIA and IFED in my portfolio?

COIA and IFED have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COIA 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, COIA or IFED?

IFED is cheaper with a 0.45% expense ratio, compared with 1.06% for COIA.

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

COIA has the higher dividend yield at 4.84%, compared with 0.00% for IFED.

What is the main difference between COIA and IFED?

COIA tracks Coinbase Global, Inc., while IFED tracks IFED Large-Cap US Equity Index - Benchmark TR Gross. They also come from different issuers: ProShares and UBS. Their fees differ too: 1.06% for COIA and 0.45% for IFED.