CSCL vs. IFED

Last updated Aug 2, 2026

CSCL (Direxion Daily CSCO Bull 2X ETF) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds - CSCL tracks the Cisco Systems, Inc. (CSCO) while IFED tracks the IFED Large-Cap US Equity Index - Benchmark TR Gross. Both are passively managed. Over the past year, CSCL returned 151.43% vs 14.76% for IFED. Their 0.28 correlation means their historical movements had little consistent relationship. CSCL charges 1.07%/yr vs 0.45%/yr for IFED.

Performance

CSCL vs. IFED - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily CSCO Bull 2X ETF (CSCL) 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, CSCL achieves a 101.65% return, which is significantly higher than IFED's 10.03% return.

CSCL

• 1D: 4.05%
• 1M: 4.91%
• 6M: 95.60%
• YTD: 101.65%
• 1Y: 151.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 124.88%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CSCL Direxion Daily CSCO Bull 2X ETF	$610.32K	$803.47K	$2.68M
IFED ETRACS IFED Invest with the Fed TR Index ETN	$159.79K	$83.84K	$44.71K

CSCL vs. IFED - Yearly Performance Comparison

	2026 (YTD)	2025
CSCL Direxion Daily CSCO Bull 2X ETF	101.65%	20.73%
IFED ETRACS IFED Invest with the Fed TR Index ETN	10.03%	4.66%

Correlation

The correlation between CSCL and IFED is 0.27, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.27
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.28

Return for Risk

CSCL vs. IFED — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CSCL

CSCL Risk / Return Rank: 85
CSCL Sharpe Ratio Rank: 89
CSCL Sortino Ratio Rank: 77
CSCL Omega Ratio Rank: 84
CSCL Calmar Ratio Rank: 94
CSCL Martin Ratio Rank: 81

IFED

IFED Risk / Return Rank: 24
IFED Sharpe Ratio Rank: 21
IFED Sortino Ratio Rank: 23
IFED Omega Ratio Rank: 30
IFED Calmar Ratio Rank: 22
IFED Martin Ratio Rank: 25

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CSCL vs. IFED - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSCO Bull 2X ETF (CSCL) 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.

	CSCL	IFED	Difference
Sharpe ratio: Return per unit of total volatility	2.21	0.44	+1.77
Sortino ratio: Return per unit of downside risk	2.51	0.84	+1.68
Omega ratio: Gain probability vs. loss probability	1.36	1.14	+0.22
Calmar ratio: Return relative to maximum drawdown	4.74	0.64	+4.10
Martin ratio: Return relative to average drawdown	10.68	2.01	+8.67

CSCL vs. IFED - Sharpe Ratio Comparison

The current CSCL Sharpe Ratio is 2.21, which is higher than the IFED Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of CSCL and IFED, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CSCL vs. IFED - Drawdown Comparison

The maximum CSCL drawdown since its inception was -30.64%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for CSCL and IFED.

Drawdown Indicators

	CSCL	IFED	Difference
Max Drawdown Largest peak-to-trough decline	-30.64%	-22.36%	-8.28%
Max Drawdown (1Y) Largest decline over 1 year	-30.64%	-20.18%	-10.46%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.36%	—
Current Drawdown Current decline from peak	-22.60%	-7.61%	-14.99%
Average Drawdown Average peak-to-trough decline	-10.20%	-5.85%	-4.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.57%	6.43%	+7.14%

Volatility

CSCL vs. IFED - Volatility Comparison

The current volatility for Direxion Daily CSCO Bull 2X ETF (CSCL) is 20.85%, while ETRACS IFED Invest with the Fed TR Index ETN (IFED) has a volatility of 24.07%. This indicates that CSCL 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.

Volatility by Period

	CSCL	IFED	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.85%	24.07%	-3.22%
Volatility (6M) Calculated over the trailing 6-month period	58.85%	27.96%	+30.89%
Volatility (1Y) Calculated over the trailing 1-year period	65.73%	29.34%	+36.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.17%	22.56%	+40.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.17%	22.56%	+40.61%

CSCL vs. IFED - Expense Ratio Comparison

CSCL has a 1.07% expense ratio, which is higher than IFED's 0.45% expense ratio.

Dividends

CSCL vs. IFED - Dividend Comparison

CSCL's dividend yield for the trailing twelve months is around 1.26%, while IFED has not paid dividends to shareholders.

Position	TTM	2025
CSCL Direxion Daily CSCO Bull 2X ETF	1.26%	1.31%
IFED ETRACS IFED Invest with the Fed TR Index ETN	0.00%	0.00%

Frequently Asked Questions

Can I hold both CSCL and IFED in my portfolio?

CSCL and IFED have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CSCL or IFED?

IFED has higher volatility (24.07%) compared to CSCL (20.85%). In terms of maximum drawdown, CSCL dropped -30.64% vs IFED's -22.36%.

Which ETF is better, CSCL or IFED?

On 1-year performance, CSCL leads with 151.43% vs 14.76% for IFED. On fees, IFED is cheaper at 0.45% per year. On volatility, CSCL has been the lower-risk option at 20.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CSCL or IFED?

Over the 1-year period, CSCL has performed better with a 151.43% return vs 14.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CSCL or IFED?

IFED is cheaper with a 0.45% expense ratio, compared with 1.07% for CSCL.

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

CSCL has the higher dividend yield at 1.26%, compared with 0.00% for IFED.

What is the main difference between CSCL and IFED?

CSCL tracks Cisco Systems, Inc. (CSCO), while IFED tracks IFED Large-Cap US Equity Index - Benchmark TR Gross. They also come from different issuers: Direxion and UBS. Their fees differ too: 1.07% for CSCL and 0.45% for IFED.

Which has better risk-adjusted returns?

CSCL currently has the higher Sharpe Ratio (2.21 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.