HIMZ vs. IFED

Last updated Jun 4, 2026

HIMZ (Defiance Daily Target 2X Long HIMS ETF) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds. HIMZ is actively managed, while IFED is passively managed. Over the past year, HIMZ returned -93.56% vs 1.97% for IFED. At a 0.42 correlation, their price movements are largely independent. HIMZ charges 1.31%/yr vs 0.45%/yr for IFED.

Performance

HIMZ vs. IFED - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long HIMS ETF (HIMZ) 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, HIMZ achieves a -58.85% return, which is significantly lower than IFED's -3.52% return.

HIMZ

• 1D: 0.06%
• 1M: -7.54%
• YTD: -58.85%
• 6M: -69.67%
• 1Y: -93.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IFED

• 1D: -1.24%
• 1M: 4.85%
• YTD: -3.52%
• 6M: -3.51%
• 1Y: 1.97%
• 3Y*: 16.71%
• 5Y*: —
• 10Y*: —

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

HIMZ vs. IFED - Yearly Performance Comparison

	2026 (YTD)	2025
HIMZ Defiance Daily Target 2X Long HIMS ETF	-58.85%	-65.21%
IFED ETRACS IFED Invest with the Fed TR Index ETN	-3.52%	21.45%

Correlation

The correlation between HIMZ and IFED is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Mar 14, 2025	0.42

Return for Risk

HIMZ vs. IFED — Risk / Return Rank

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

HIMZ

HIMZ Risk / Return Rank: 3
HIMZ Sharpe Ratio Rank: 5
HIMZ Sortino Ratio Rank: 4
HIMZ Omega Ratio Rank: 4
HIMZ Calmar Ratio Rank: 1
HIMZ Martin Ratio Rank: 3

IFED

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

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.

HIMZ vs. IFED - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long HIMS ETF (HIMZ) 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.

	HIMZ	IFED	Difference
Sharpe ratio: Return per unit of total volatility	-0.49	0.12	-0.61
Sortino ratio: Return per unit of downside risk	-0.60	0.29	-0.89
Omega ratio: Gain probability vs. loss probability	0.93	1.04	-0.11
Calmar ratio: Return relative to maximum drawdown	-0.96	0.14	-1.09
Martin ratio: Return relative to average drawdown	-1.18	0.34	-1.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HIMZ vs. IFED - Sharpe Ratio Comparison

The current HIMZ Sharpe Ratio is -0.49, which is lower than the IFED Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of HIMZ 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.

Sharpe Ratios by Period

	HIMZ	IFED	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.49	0.12	-0.61
Sharpe Ratio (All Time) Calculated using the full available price history	-0.40	0.65	-1.04

Drawdowns

HIMZ vs. IFED - Drawdown Comparison

The maximum HIMZ drawdown since its inception was -98.18%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for HIMZ and IFED.

Drawdown Indicators

	HIMZ	IFED	Difference
Max Drawdown Largest peak-to-trough decline	-98.18%	-22.36%	-75.82%
Max Drawdown (1Y) Largest decline over 1 year	-98.04%	-14.65%	-83.39%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.36%	—
Current Drawdown Current decline from peak	-95.53%	-5.50%	-90.03%
Average Drawdown Average peak-to-trough decline	-68.90%	-5.84%	-63.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	79.15%	5.75%	+73.40%

Volatility

HIMZ vs. IFED - Volatility Comparison

Defiance Daily Target 2X Long HIMS ETF (HIMZ) has a higher volatility of 53.92% compared to ETRACS IFED Invest with the Fed TR Index ETN (IFED) at 4.50%. This indicates that HIMZ'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

	HIMZ	IFED	Difference
Volatility (1M) Calculated over the trailing 1-month period	53.92%	4.50%	+49.42%
Volatility (6M) Calculated over the trailing 6-month period	131.06%	12.86%	+118.20%
Volatility (1Y) Calculated over the trailing 1-year period	191.74%	16.21%	+175.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	200.34%	19.88%	+180.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	200.34%	19.88%	+180.46%

HIMZ vs. IFED - Expense Ratio Comparison

HIMZ has a 1.31% expense ratio, which is higher than IFED's 0.45% expense ratio.

Dividends

HIMZ vs. IFED - Dividend Comparison

HIMZ's dividend yield for the trailing twelve months is around 5.94%, while IFED has not paid dividends to shareholders.

Position	TTM	2025
HIMZ Defiance Daily Target 2X Long HIMS ETF	5.94%	2.44%
IFED ETRACS IFED Invest with the Fed TR Index ETN	0.00%	0.00%

Frequently Asked Questions

Can I hold both HIMZ and IFED in my portfolio?

HIMZ and IFED have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HIMZ or IFED?

HIMZ has higher volatility (53.92%) compared to IFED (4.50%). In terms of maximum drawdown, HIMZ dropped -98.18% vs IFED's -22.36%.

Which ETF is better, HIMZ or IFED?

On 1-year performance, IFED leads with 1.97% vs -93.56% for HIMZ. On fees, IFED is cheaper at 0.45% per year. On volatility, IFED has been the lower-risk option at 4.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HIMZ or IFED?

Over the 1-year period, IFED has performed better with a 1.97% return vs -93.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HIMZ or IFED?

IFED is cheaper with a 0.45% expense ratio, compared with 1.31% for HIMZ.

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

HIMZ has the higher dividend yield at 5.94%, compared with 0.00% for IFED.

What is the main difference between HIMZ and IFED?

They also come from different issuers: Defiance and UBS. Their fees differ too: 1.31% for HIMZ and 0.45% for IFED.

Which has better risk-adjusted returns?

IFED currently has the higher Sharpe Ratio (0.12 vs -0.49), 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.