IEF5.L vs. UST
Compare and contrast key facts about Leverage Shares 5x Long 7-10 Year Treasury Bond ETP Securities (IEF5.L) and ProShares Ultra 7-10 Year Treasury (UST).
IEF5.L and UST are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEF5.L is an actively managed fund by Leverage Shares. It was launched on May 15, 2023. UST is a passively managed fund by ProShares that tracks the performance of the Barclays Capital U.S. 7-10 Year Treasury Index (200%). It was launched on Jan 19, 2010.
Performance
IEF5.L vs. UST - Performance Comparison
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IEF5.L vs. UST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IEF5.L Leverage Shares 5x Long 7-10 Year Treasury Bond ETP Securities | -8.94% | 0.56% | -32.47% | 49.35% |
UST ProShares Ultra 7-10 Year Treasury | -1.33% | 10.26% | -6.19% | -5.73% |
Returns By Period
In the year-to-date period, IEF5.L achieves a -8.94% return, which is significantly lower than UST's -1.33% return.
IEF5.L
- 1D
- -1.07%
- 1M
- -10.62%
- YTD
- -8.94%
- 6M
- -10.97%
- 1Y
- -16.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UST
- 1D
- -0.13%
- 1M
- -3.86%
- YTD
- -1.33%
- 6M
- -1.34%
- 1Y
- 2.36%
- 3Y*
- -1.15%
- 5Y*
- -5.97%
- 10Y*
- -1.82%
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IEF5.L vs. UST - Expense Ratio Comparison
IEF5.L has a 0.75% expense ratio, which is lower than UST's 0.95% expense ratio.
Return for Risk
IEF5.L vs. UST — Risk / Return Rank
IEF5.L
UST
IEF5.L vs. UST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 5x Long 7-10 Year Treasury Bond ETP Securities (IEF5.L) and ProShares Ultra 7-10 Year Treasury (UST). 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.
| IEF5.L | UST | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.56 | 0.21 | -0.77 |
Sortino ratioReturn per unit of downside risk | -0.60 | 0.37 | -0.97 |
Omega ratioGain probability vs. loss probability | 0.92 | 1.04 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | -0.61 | 0.36 | -0.97 |
Martin ratioReturn relative to average drawdown | -0.91 | 0.81 | -1.72 |
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
| IEF5.L | UST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.56 | 0.21 | -0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.39 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | 0.20 | -0.24 |
Correlation
The correlation between IEF5.L and UST is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IEF5.L vs. UST - Dividend Comparison
IEF5.L has not paid dividends to shareholders, while UST's dividend yield for the trailing twelve months is around 3.43%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEF5.L Leverage Shares 5x Long 7-10 Year Treasury Bond ETP Securities | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UST ProShares Ultra 7-10 Year Treasury | 3.43% | 3.65% | 4.09% | 3.49% | 0.47% | 0.27% | 0.53% | 1.42% | 1.71% | 0.84% | 0.64% | 0.75% |
Drawdowns
IEF5.L vs. UST - Drawdown Comparison
The maximum IEF5.L drawdown since its inception was -54.23%, which is greater than UST's maximum drawdown of -47.99%. Use the drawdown chart below to compare losses from any high point for IEF5.L and UST.
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Drawdown Indicators
| IEF5.L | UST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.23% | -47.99% | -6.24% |
Max Drawdown (1Y)Largest decline over 1 year | -28.11% | -8.44% | -19.67% |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.99% | — |
Current DrawdownCurrent decline from peak | -53.06% | -37.34% | -15.72% |
Average DrawdownAverage peak-to-trough decline | -39.65% | -14.89% | -24.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.95% | 3.69% | +15.26% |
Volatility
IEF5.L vs. UST - Volatility Comparison
Leverage Shares 5x Long 7-10 Year Treasury Bond ETP Securities (IEF5.L) has a higher volatility of 8.39% compared to ProShares Ultra 7-10 Year Treasury (UST) at 3.75%. This indicates that IEF5.L's price experiences larger fluctuations and is considered to be riskier than UST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEF5.L | UST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.39% | 3.75% | +4.64% |
Volatility (6M)Calculated over the trailing 6-month period | 16.26% | 6.39% | +9.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.42% | 11.28% | +18.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.95% | 15.45% | +51.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.95% | 13.18% | +53.77% |