HLXX vs. IFED

Last updated Jul 25, 2026

HLXX (Tradr 2X Long HL Daily ETF) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds - HLXX tracks the Hecla Mining Company (HL) while IFED tracks the IFED Large-Cap US Equity Index - Benchmark TR Gross. Both are passively managed. Their 0.03 correlation means their historical movements had little consistent relationship. HLXX charges 1.49%/yr vs 0.45%/yr for IFED.

Performance

HLXX vs. IFED - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long HL Daily ETF (HLXX) 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

HLXX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

IFED

• 1D: -14.38%
• 1M: 1.87%
• 6M: 2.32%
• YTD: 1.18%
• 1Y: 2.84%
• 3Y*: 15.83%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.49%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IFED ETRACS IFED Invest with the Fed TR Index ETN	$103.32K	$55.12K	$34.15K

HLXX vs. IFED - Yearly Performance Comparison

	2026 (YTD)
HLXX Tradr 2X Long HL Daily ETF	-38.81%
IFED ETRACS IFED Invest with the Fed TR Index ETN	11.99%

Correlation

The correlation between HLXX and IFED is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 24, 2026	0.03

Return for Risk

HLXX vs. IFED — Risk / Return Rank

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

HLXX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IFED

IFED Risk / Return Rank: 16
IFED Sharpe Ratio Rank: 15
IFED Sortino Ratio Rank: 15
IFED Omega Ratio Rank: 17
IFED Calmar Ratio Rank: 16
IFED Martin Ratio Rank: 16

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.

HLXX vs. IFED - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long HL Daily ETF (HLXX) 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.

	HLXX	IFED	Difference
Sharpe ratio: Return per unit of total volatility	—	0.14	—
Sortino ratio: Return per unit of downside risk	—	0.37	—
Omega ratio: Gain probability vs. loss probability	—	1.06	—
Calmar ratio: Return relative to maximum drawdown	—	0.24	—
Martin ratio: Return relative to average drawdown	—	0.58	—

Drawdowns

Drawdown Indicators

	HLXX	IFED	Difference
Max Drawdown Largest peak-to-trough decline	—	-22.36%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-15.04%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.36%	—
Current Drawdown Current decline from peak	—	-15.04%	—
Average Drawdown Average peak-to-trough decline	—	-5.81%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.12%	—

Volatility

Volatility by Period

	HLXX	IFED	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	21.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.72%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	26.03%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	21.75%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	21.75%	—

HLXX vs. IFED - Expense Ratio Comparison

HLXX has a 1.49% expense ratio, which is higher than IFED's 0.45% expense ratio.

Dividends

HLXX vs. IFED - Dividend Comparison

Neither HLXX nor IFED has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both HLXX and IFED in my portfolio?

HLXX and IFED have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HLXX or IFED?

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.

Which ETF is cheaper, HLXX or IFED?

IFED is cheaper with a 0.45% expense ratio, compared with 1.49% for HLXX.

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

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

What is the main difference between HLXX and IFED?

HLXX tracks Hecla Mining Company (HL), while IFED tracks IFED Large-Cap US Equity Index - Benchmark TR Gross. They also come from different issuers: Tradr and UBS. Their fees differ too: 1.49% for HLXX and 0.45% for IFED.