IDMO vs. IFED
IDMO (Invesco S&P International Developed Momentum ETF) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both exchange-traded funds - IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap 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, IDMO returned 23.73%/yr vs 19.39%/yr for IFED. A 0.63 correlation means they provide meaningful diversification when combined. IDMO charges 0.25%/yr vs 0.45%/yr for IFED.
Performance
IDMO vs. IFED - Performance Comparison
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Returns By Period
In the year-to-date period, IDMO achieves a 6.72% return, which is significantly lower than IFED's 10.09% return.
IDMO
- 1D
- -0.78%
- 1M
- -4.04%
- 6M
- 3.61%
- YTD
- 6.72%
- 1Y
- 19.40%
- 3Y*
- 23.73%
- 5Y*
- 14.74%
- 10Y*
- 12.15%
- ALL TIME*
- 8.80%
IFED
- 1D
- 5.00%
- 1M
- 13.65%
- 6M
- 11.27%
- YTD
- 10.09%
- 1Y
- 13.37%
- 3Y*
- 19.39%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.52%
IDMO vs. IFED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IDMO Invesco S&P International Developed Momentum ETF | 6.72% | 42.17% | 12.79% | 20.16% | -12.03% | 0.98% |
IFED ETRACS IFED Invest with the Fed TR Index ETN | 10.09% | 15.02% | 23.04% | 20.78% | -1.46% | 8.46% |
Correlation
The correlation between IDMO 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 (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021 | 0.63 |
Over the past year, the correlation between IDMO and IFED has dropped to 0.38 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
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Return for Risk
IDMO vs. IFED — Risk / Return Rank
IDMO
IFED
IDMO vs. IFED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P International Developed Momentum ETF (IDMO) 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.
| IDMO | IFED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.15 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 0.92 | +0.67 |
| Martin ratioReturn relative to average drawdown | 6.15 | 2.22 | +3.93 |
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Drawdowns
IDMO vs. IFED - Drawdown Comparison
The maximum IDMO drawdown since its inception was -39.38%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for IDMO and IFED.
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Drawdown Indicators
| IDMO | IFED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.38% | -22.36% | -17.02% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -14.65% | +2.34% |
Max Drawdown (3Y)Largest decline over 3 years | -12.65% | -22.36% | +9.71% |
Max Drawdown (5Y)Largest decline over 5 years | -27.07% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.34% | — | — |
Current DrawdownCurrent decline from peak | -5.31% | 0.00% | -5.31% |
Average DrawdownAverage peak-to-trough decline | -9.69% | -5.82% | -3.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 6.04% | -2.88% |
Volatility
IDMO vs. IFED - Volatility Comparison
The current volatility for Invesco S&P International Developed Momentum ETF (IDMO) is 5.93%, while ETRACS IFED Invest with the Fed TR Index ETN (IFED) has a volatility of 11.03%. This indicates that IDMO 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
| IDMO | IFED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 11.03% | -5.10% |
Volatility (6M)Calculated over the trailing 6-month period | 16.90% | 17.63% | -0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.58% | 20.09% | -1.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.13% | 20.43% | -2.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.89% | 20.43% | -2.54% |
IDMO vs. IFED - Expense Ratio Comparison
IDMO has a 0.25% expense ratio, which is lower than IFED's 0.45% expense ratio.
Dividends
IDMO vs. IFED - Dividend Comparison
IDMO's dividend yield for the trailing twelve months is around 3.75%, while IFED has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDMO Invesco S&P International Developed Momentum ETF | 3.75% | 3.71% | 2.24% | 2.89% | 3.66% | 1.81% | 1.63% | 2.78% | 3.27% | 3.08% | 2.18% | 2.52% |
IFED ETRACS IFED Invest with the Fed TR Index ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IDMO 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.
IFED has higher volatility (11.03%) compared to IDMO (5.93%). In terms of maximum drawdown, IDMO dropped -39.38% vs IFED's -22.36%.
On 3-year performance, IDMO leads with 23.73% vs 19.39% for IFED. On fees, IDMO is cheaper at 0.25% per year. On volatility, IDMO has been the lower-risk option at 5.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IDMO has performed better with a 23.73% return vs 19.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDMO is cheaper with a 0.25% expense ratio, compared with 0.45% for IFED.
IDMO has the higher dividend yield at 3.75%, compared with 0.00% for IFED.
IDMO is categorized as Momentum, while IFED is Leveraged Equities. IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while IFED tracks IFED Large-Cap US Equity Index - Benchmark TR Gross. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.25% for IDMO and 0.45% for IFED.
IDMO currently has the higher Sharpe Ratio (1.05 vs 0.67), 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.
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