GMEU vs. IFED

Last updated Jun 23, 2026

GMEU (T-Rex 2X Long GME Daily Target ETF) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds. GMEU is actively managed, while IFED is passively managed. Over the past year, GMEU returned -48.94% vs 3.33% for IFED. At a 0.26 correlation, their price movements are largely independent. GMEU charges 1.50%/yr vs 0.45%/yr for IFED.

Performance

GMEU vs. IFED - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long GME Daily Target ETF (GMEU) 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, GMEU achieves a -11.48% return, which is significantly lower than IFED's -3.02% return.

GMEU

• 1D: -2.77%
• 1M: -9.61%
• YTD: -11.48%
• 6M: -25.00%
• 1Y: -48.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IFED

• 1D: 0.11%
• 1M: 2.53%
• YTD: -3.02%
• 6M: -4.18%
• 1Y: 3.33%
• 3Y*: 16.56%
• 5Y*: —
• 10Y*: —

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

GMEU vs. IFED - Yearly Performance Comparison

	2026 (YTD)	2025
GMEU T-Rex 2X Long GME Daily Target ETF	-11.48%	-65.67%
IFED ETRACS IFED Invest with the Fed TR Index ETN	-3.02%	18.10%

Correlation

The correlation between GMEU and IFED is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	0.26

Return for Risk

GMEU vs. IFED — Risk / Return Rank

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

GMEU

GMEU Risk / Return Rank: 3
GMEU Sharpe Ratio Rank: 3
GMEU Sortino Ratio Rank: 4
GMEU Omega Ratio Rank: 4
GMEU Calmar Ratio Rank: 2
GMEU Martin Ratio Rank: 2

IFED

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

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.

GMEU vs. IFED - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long GME Daily Target ETF (GMEU) 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.

	GMEU	IFED	Difference
Sharpe ratio: Return per unit of total volatility	-0.69	0.20	-0.89
Sortino ratio: Return per unit of downside risk	-0.84	0.41	-1.25
Omega ratio: Gain probability vs. loss probability	0.91	1.05	-0.14
Calmar ratio: Return relative to maximum drawdown	-0.84	0.23	-1.07
Martin ratio: Return relative to average drawdown	-1.34	0.57	-1.91

GMEU vs. IFED - Sharpe Ratio Comparison

The current GMEU Sharpe Ratio is -0.69, which is lower than the IFED Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of GMEU 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

GMEU vs. IFED - Drawdown Comparison

The maximum GMEU drawdown since its inception was -80.43%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for GMEU and IFED.

Drawdown Indicators

	GMEU	IFED	Difference
Max Drawdown Largest peak-to-trough decline	-80.43%	-22.36%	-58.07%
Max Drawdown (1Y) Largest decline over 1 year	-58.23%	-14.65%	-43.58%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.36%	—
Current Drawdown Current decline from peak	-80.38%	-5.00%	-75.38%
Average Drawdown Average peak-to-trough decline	-63.63%	-5.83%	-57.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	36.62%	5.87%	+30.75%

Volatility

GMEU vs. IFED - Volatility Comparison

T-Rex 2X Long GME Daily Target ETF (GMEU) has a higher volatility of 17.40% compared to ETRACS IFED Invest with the Fed TR Index ETN (IFED) at 6.74%. This indicates that GMEU's price experiences larger fluctuations and is considered to be riskier than IFED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMEU	IFED	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.40%	6.74%	+10.66%
Volatility (6M) Calculated over the trailing 6-month period	55.83%	13.82%	+42.01%
Volatility (1Y) Calculated over the trailing 1-year period	71.31%	16.87%	+54.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.26%	19.92%	+68.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.26%	19.92%	+68.34%

GMEU vs. IFED - Expense Ratio Comparison

GMEU has a 1.50% expense ratio, which is higher than IFED's 0.45% expense ratio.

Dividends

GMEU vs. IFED - Dividend Comparison

Neither GMEU nor IFED has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GMEU and IFED in my portfolio?

GMEU 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, GMEU or IFED?

GMEU has higher volatility (17.40%) compared to IFED (6.74%). In terms of maximum drawdown, GMEU dropped -80.43% vs IFED's -22.36%.

Which ETF is better, GMEU or IFED?

On 1-year performance, IFED leads with 3.33% vs -48.94% for GMEU. On fees, IFED is cheaper at 0.45% per year. On volatility, IFED has been the lower-risk option at 6.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GMEU or IFED?

Over the 1-year period, IFED has performed better with a 3.33% return vs -48.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GMEU or IFED?

IFED is cheaper with a 0.45% expense ratio, compared with 1.50% for GMEU.

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

GMEU and IFED have nearly identical dividend yields, around 0.00%.

What is the main difference between GMEU and IFED?

They also come from different issuers: T-Rex and UBS. Their fees differ too: 1.50% for GMEU and 0.45% for IFED.

Which has better risk-adjusted returns?

IFED currently has the higher Sharpe Ratio (0.20 vs -0.69), 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.