DIG vs. IFED
DIG (ProShares Ultra Oil & Gas) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds - DIG tracks the Dow Jones U.S. Oil & Gas Index (200%) while IFED tracks the IFED Large-Cap US Equity Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, DIG returned 16.66%/yr vs 18.28%/yr for IFED. Their 0.39 correlation means their historical movements had little consistent relationship. DIG charges 0.95%/yr vs 0.45%/yr for IFED.
Performance
DIG vs. IFED - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DIG achieves a 66.37% return, which is significantly higher than IFED's 6.57% return.
DIG
- 1D
- -2.58%
- 1M
- 20.98%
- 6M
- 33.99%
- YTD
- 66.37%
- 1Y
- 81.22%
- 3Y*
- 16.66%
- 5Y*
- 35.08%
- 10Y*
- 5.18%
- ALL TIME*
- -0.04%
IFED
- 1D
- -3.14%
- 1M
- 10.34%
- 6M
- 10.05%
- YTD
- 6.57%
- 1Y
- 11.16%
- 3Y*
- 18.28%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.23M | $2.48M | $2.42M | |
| $137.39K | $84.48K | $45.67K |
DIG vs. IFED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DIG ProShares Ultra Oil & Gas | 66.37% | 2.73% | 0.93% | -13.04% | 125.34% | 33.28% |
IFED ETRACS IFED Invest with the Fed TR Index ETN | 6.57% | 15.02% | 23.04% | 20.78% | -1.46% | 8.46% |
Correlation
The correlation between DIG and IFED is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021 | 0.39 |
The correlation between DIG and IFED shifts across timeframes, from -0.01 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DIG vs. IFED — Risk / Return Rank
DIG
IFED
DIG vs. IFED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Oil & Gas (DIG) 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.
| DIG | IFED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.56 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.13 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 0.56 | +2.18 |
| Martin ratioReturn relative to average drawdown | 6.98 | 1.73 | +5.25 |
Loading charts...
Drawdowns
DIG vs. IFED - Drawdown Comparison
The maximum DIG drawdown since its inception was -97.04%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for DIG and IFED.
Loading charts...
Drawdown Indicators
| DIG | IFED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.04% | -22.36% | -74.68% |
Max Drawdown (1Y)Largest decline over 1 year | -29.80% | -20.18% | -9.62% |
Max Drawdown (3Y)Largest decline over 3 years | -42.41% | -22.36% | -20.05% |
Max Drawdown (5Y)Largest decline over 5 years | -46.02% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -92.53% | — | — |
Current DrawdownCurrent decline from peak | -51.26% | -10.51% | -40.75% |
Average DrawdownAverage peak-to-trough decline | -64.27% | -5.85% | -58.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.68% | 6.47% | +5.21% |
Volatility
DIG vs. IFED - Volatility Comparison
The current volatility for ProShares Ultra Oil & Gas (DIG) is 12.58%, while ETRACS IFED Invest with the Fed TR Index ETN (IFED) has a volatility of 24.37%. This indicates that DIG 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.
Loading charts...
Volatility by Period
| DIG | IFED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.58% | 24.37% | -11.79% |
Volatility (6M)Calculated over the trailing 6-month period | 33.67% | 28.13% | +5.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.13% | 29.53% | +12.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.16% | 22.60% | +28.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.79% | 22.60% | +35.19% |
DIG vs. IFED - Expense Ratio Comparison
DIG has a 0.95% expense ratio, which is higher than IFED's 0.45% expense ratio.
Dividends
DIG vs. IFED - Dividend Comparison
DIG's dividend yield for the trailing twelve months is around 1.49%, while IFED has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIG ProShares Ultra Oil & Gas | 1.49% | 2.62% | 3.13% | 0.61% | 1.33% | 2.24% | 3.18% | 2.72% | 2.30% | 1.76% | 1.09% | 1.56% |
IFED ETRACS IFED Invest with the Fed TR Index ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DIG and IFED have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IFED has higher volatility (24.37%) compared to DIG (12.58%). In terms of maximum drawdown, DIG dropped -97.04% vs IFED's -22.36%.
On 3-year performance, IFED leads with 18.28% vs 16.66% for DIG. On fees, IFED is cheaper at 0.45% per year. On volatility, DIG has been the lower-risk option at 12.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IFED has performed better with a 18.28% return vs 16.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IFED is cheaper with a 0.45% expense ratio, compared with 0.95% for DIG.
DIG has the higher dividend yield at 1.49%, compared with 0.00% for IFED.
DIG tracks Dow Jones U.S. Oil & Gas Index (200%), 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: 0.95% for DIG and 0.45% for IFED.
DIG currently has the higher Sharpe Ratio (1.94 vs 0.38), 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.
Find the right allocation for DIG and IFED
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer