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 24.47%/yr vs 15.72%/yr for IFED. A 0.64 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 5.33% return, which is significantly higher than IFED's -4.66% return.
IDMO
- 1D
- 0.67%
- 1M
- -3.78%
- YTD
- 5.33%
- 6M
- 8.93%
- 1Y
- 19.27%
- 3Y*
- 24.47%
- 5Y*
- 15.15%
- 10Y*
- 12.02%
IFED
- 1D
- -0.77%
- 1M
- 3.02%
- YTD
- -4.66%
- 6M
- -4.61%
- 1Y
- -0.10%
- 3Y*
- 15.72%
- 5Y*
- —
- 10Y*
- —
IDMO vs. IFED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IDMO Invesco S&P International Developed Momentum ETF | 5.33% | 42.17% | 12.79% | 20.16% | -12.03% | 0.41% |
IFED ETRACS IFED Invest with the Fed TR Index ETN | -4.66% | 15.02% | 23.04% | 20.78% | -1.46% | 8.46% |
Correlation
The correlation between IDMO and IFED is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021 | 0.64 |
Over the past year, the correlation between IDMO and IFED has dropped to 0.43 - well below their long-term average of 0.64, 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.
| IDMO | IFED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.01 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | -0.01 | +1.58 |
| Martin ratioReturn relative to average drawdown | 6.49 | -0.02 | +6.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IDMO | IFED | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | -0.01 | +1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.63 | -0.19 |
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 | -4.49% | -6.61% | +2.12% |
Average DrawdownAverage peak-to-trough decline | -9.75% | -5.84% | -3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 5.78% | -2.79% |
Volatility
IDMO vs. IFED - Volatility Comparison
Invesco S&P International Developed Momentum ETF (IDMO) has a higher volatility of 6.18% compared to ETRACS IFED Invest with the Fed TR Index ETN (IFED) at 4.75%. This indicates that IDMO'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.
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Volatility by Period
| IDMO | IFED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.18% | 4.75% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 15.28% | 12.91% | +2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.25% | 16.23% | +1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.90% | 19.87% | -1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 19.87% | -1.73% |
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 3.61%, 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 | 3.61% | 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 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDMO has higher volatility (6.18%) compared to IFED (4.75%). In terms of maximum drawdown, IDMO dropped -39.38% vs IFED's -22.36%.
On 3-year performance, IDMO leads with 24.47% vs 15.72% for IFED. On fees, IDMO is cheaper at 0.25% per year. On volatility, IFED has been the lower-risk option at 4.75%. 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 24.47% return vs 15.72%. 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 3.61%, 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 (1.12 vs -0.01), 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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