DTLA.L vs. IFED
DTLA.L (iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc)) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both exchange-traded funds - DTLA.L is a Government Bonds fund tracking the ICE US Treasury 20+ Year Index, while IFED is a Leveraged Equities fund tracking the IFED Large-Cap US Equity Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, DTLA.L returned -1.52%/yr vs 16.94%/yr for IFED. At a correlation of -0.01, they often move in opposite directions. DTLA.L charges 0.07%/yr vs 0.45%/yr for IFED.
Performance
DTLA.L vs. IFED - Performance Comparison
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Returns By Period
In the year-to-date period, DTLA.L achieves a -0.98% return, which is significantly higher than IFED's -2.98% return.
DTLA.L
- 1D
- 0.48%
- 1M
- 0.71%
- YTD
- -0.98%
- 6M
- -1.10%
- 1Y
- 3.98%
- 3Y*
- -1.52%
- 5Y*
- -6.06%
- 10Y*
- —
IFED
- 1D
- 0.56%
- 1M
- 5.41%
- YTD
- -2.98%
- 6M
- -2.59%
- 1Y
- 2.46%
- 3Y*
- 16.94%
- 5Y*
- —
- 10Y*
- —
DTLA.L vs. IFED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DTLA.L iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) | -0.98% | 4.47% | -6.97% | 1.69% | -30.29% | -1.00% |
IFED ETRACS IFED Invest with the Fed TR Index ETN | -2.98% | 15.02% | 23.04% | 20.78% | -1.46% | 8.46% |
Correlation
The correlation between DTLA.L and IFED is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021 | -0.01 |
The correlation between DTLA.L and IFED shifts across timeframes, from -0.01 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DTLA.L vs. IFED — Risk / Return Rank
DTLA.L
IFED
DTLA.L vs. IFED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.L) 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.
| DTLA.L | IFED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.04 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.53 | 0.17 | +0.36 |
| Martin ratioReturn relative to average drawdown | 1.34 | 0.43 | +0.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DTLA.L | IFED | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | 0.15 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.65 | -0.73 |
Drawdowns
DTLA.L vs. IFED - Drawdown Comparison
The maximum DTLA.L drawdown since its inception was -48.47%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for DTLA.L and IFED.
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Drawdown Indicators
| DTLA.L | IFED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.47% | -22.36% | -26.11% |
Max Drawdown (1Y)Largest decline over 1 year | -7.52% | -14.65% | +7.13% |
Max Drawdown (3Y)Largest decline over 3 years | -18.61% | -22.36% | +3.75% |
Max Drawdown (5Y)Largest decline over 5 years | -42.87% | — | — |
Current DrawdownCurrent decline from peak | -40.52% | -4.97% | -35.55% |
Average DrawdownAverage peak-to-trough decline | -24.06% | -5.84% | -18.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 5.76% | -2.80% |
Volatility
DTLA.L vs. IFED - Volatility Comparison
The current volatility for iShares USD Treasury Bond 20+yr UCITS ETF USD (Acc) (DTLA.L) is 3.37%, while ETRACS IFED Invest with the Fed TR Index ETN (IFED) has a volatility of 4.51%. This indicates that DTLA.L 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.
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Volatility by Period
| DTLA.L | IFED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 4.51% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 6.53% | 12.87% | -6.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.82% | 16.18% | -6.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.93% | 19.87% | -4.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.78% | 19.87% | -5.09% |
DTLA.L vs. IFED - Expense Ratio Comparison
DTLA.L has a 0.07% expense ratio, which is lower than IFED's 0.45% expense ratio.
Dividends
DTLA.L vs. IFED - Dividend Comparison
Neither DTLA.L nor IFED has paid dividends to shareholders.
Frequently Asked Questions
DTLA.L and IFED have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DTLA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DTLA.L is cheaper with a 0.07% expense ratio, compared with 0.45% for IFED.
DTLA.L is categorized as Government Bonds, while IFED is Leveraged Equities. DTLA.L tracks ICE US Treasury 20+ Year Index, while IFED tracks IFED Large-Cap US Equity Index - Benchmark TR Gross. They also come from different issuers: iShares and UBS. Their fees differ too: 0.07% for DTLA.L and 0.45% for IFED.
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