ETRL vs. IFED
ETRL (GraniteShares 2x Long ETOR Daily ETF) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds. ETRL is actively managed, while IFED is passively managed. A 0.50 correlation means they provide meaningful diversification when combined. ETRL charges 1.50%/yr vs 0.45%/yr for IFED.
Performance
ETRL vs. IFED - Performance Comparison
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Returns By Period
In the year-to-date period, ETRL achieves a 5.50% return, which is significantly higher than IFED's -2.98% return.
ETRL
- 1D
- 2.41%
- 1M
- 0.47%
- YTD
- 5.50%
- 6M
- -33.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IFED
- 1D
- 0.56%
- 1M
- 5.41%
- YTD
- -2.98%
- 6M
- -2.59%
- 1Y
- 2.46%
- 3Y*
- 16.94%
- 5Y*
- —
- 10Y*
- —
ETRL vs. IFED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETRL GraniteShares 2x Long ETOR Daily ETF | 5.50% | -50.91% |
IFED ETRACS IFED Invest with the Fed TR Index ETN | -2.98% | 2.16% |
Correlation
The correlation between ETRL and IFED is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 4, 2025 | 0.50 |
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Return for Risk
ETRL vs. IFED — Risk / Return Rank
ETRL
IFED
ETRL vs. IFED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long ETOR Daily ETF (ETRL) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| ETRL | IFED | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.55 | 0.65 | -1.21 |
Drawdowns
ETRL vs. IFED - Drawdown Comparison
The maximum ETRL drawdown since its inception was -76.44%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for ETRL and IFED.
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Drawdown Indicators
| ETRL | IFED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.44% | -22.36% | -54.08% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.65% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.36% | — |
Current DrawdownCurrent decline from peak | -48.21% | -4.97% | -43.24% |
Average DrawdownAverage peak-to-trough decline | -47.50% | -5.84% | -41.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.76% | — |
Volatility
ETRL vs. IFED - Volatility Comparison
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Volatility by Period
| ETRL | IFED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.51% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.87% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 105.70% | 16.18% | +89.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.70% | 19.87% | +85.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 105.70% | 19.87% | +85.83% |
ETRL vs. IFED - Expense Ratio Comparison
ETRL has a 1.50% expense ratio, which is higher than IFED's 0.45% expense ratio.
Dividends
ETRL vs. IFED - Dividend Comparison
Neither ETRL nor IFED has paid dividends to shareholders.
Frequently Asked Questions
ETRL and IFED have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
IFED is cheaper with a 0.45% expense ratio, compared with 1.50% for ETRL.
ETRL and IFED have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GraniteShares and UBS. Their fees differ too: 1.50% for ETRL and 0.45% for IFED.
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