IFED vs. DIG
IFED (ETRACS IFED Invest with the Fed TR Index ETN) and DIG (ProShares Ultra Oil & Gas) are both Leveraged Equities funds - IFED tracks the IFED Large-Cap US Equity Index - Benchmark TR Gross while DIG tracks the Dow Jones U.S. Oil & Gas Index (200%). Both are passively managed. Over the past 3 years, IFED returned 16.71%/yr vs 23.37%/yr for DIG. At a 0.40 correlation, their price movements are largely independent. IFED charges 0.45%/yr vs 0.95%/yr for DIG.
Performance
IFED vs. DIG - Performance Comparison
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Returns By Period
In the year-to-date period, IFED achieves a -3.52% return, which is significantly lower than DIG's 66.35% return.
IFED
- 1D
- -1.24%
- 1M
- 4.85%
- YTD
- -3.52%
- 6M
- -3.51%
- 1Y
- 1.97%
- 3Y*
- 16.71%
- 5Y*
- —
- 10Y*
- —
DIG
- 1D
- 2.57%
- 1M
- -3.48%
- YTD
- 66.35%
- 6M
- 59.45%
- 1Y
- 90.00%
- 3Y*
- 23.37%
- 5Y*
- 28.29%
- 10Y*
- 5.32%
IFED vs. DIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IFED ETRACS IFED Invest with the Fed TR Index ETN | -3.52% | 15.02% | 23.04% | 20.78% | -1.46% | 8.46% |
DIG ProShares Ultra Oil & Gas | 66.35% | 2.73% | 0.93% | -13.04% | 125.34% | 23.95% |
Correlation
The correlation between IFED and DIG is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021 | 0.40 |
The correlation between IFED and DIG shifts across timeframes, from -0.08 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IFED vs. DIG — Risk / Return Rank
IFED
DIG
IFED vs. DIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS IFED Invest with the Fed TR Index ETN (IFED) and ProShares Ultra Oil & Gas (DIG). 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.
| IFED | DIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.09 | ||
| Sortino ratioReturn per unit of downside risk | -2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.33 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 3.89 | -3.75 |
| Martin ratioReturn relative to average drawdown | 0.34 | 10.65 | -10.30 |
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
| IFED | DIG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 2.22 | -2.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | -0.00 | +0.65 |
Drawdowns
IFED vs. DIG - Drawdown Comparison
The maximum IFED drawdown since its inception was -22.36%, smaller than the maximum DIG drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for IFED and DIG.
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Drawdown Indicators
| IFED | DIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.36% | -97.04% | +74.68% |
Max Drawdown (1Y)Largest decline over 1 year | -14.65% | -23.29% | +8.64% |
Max Drawdown (3Y)Largest decline over 3 years | -22.36% | -42.41% | +20.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.53% | — |
Current DrawdownCurrent decline from peak | -5.50% | -51.27% | +45.77% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -64.37% | +58.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | 8.49% | -2.74% |
Volatility
IFED vs. DIG - Volatility Comparison
The current volatility for ETRACS IFED Invest with the Fed TR Index ETN (IFED) is 4.50%, while ProShares Ultra Oil & Gas (DIG) has a volatility of 16.56%. This indicates that IFED experiences smaller price fluctuations and is considered to be less risky than DIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IFED | DIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 16.56% | -12.06% |
Volatility (6M)Calculated over the trailing 6-month period | 12.86% | 33.14% | -20.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.21% | 40.88% | -24.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.88% | 51.59% | -31.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.88% | 57.81% | -37.93% |
IFED vs. DIG - Expense Ratio Comparison
IFED has a 0.45% expense ratio, which is lower than DIG's 0.95% expense ratio.
Dividends
IFED vs. DIG - Dividend Comparison
IFED has not paid dividends to shareholders, while DIG's dividend yield for the trailing twelve months is around 1.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIG ProShares Ultra Oil & Gas | 1.50% | 2.62% | 3.13% | 0.61% | 1.33% | 2.24% | 3.18% | 2.72% | 2.30% | 1.76% | 1.09% | 1.56% |
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
IFED and DIG have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIG has higher volatility (16.56%) compared to IFED (4.50%). In terms of maximum drawdown, IFED dropped -22.36% vs DIG's -97.04%.
On 3-year performance, DIG leads with 23.37% vs 16.71% for IFED. 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.
Over the 3-year period, DIG has performed better with a 23.37% return vs 16.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IFED is cheaper with a 0.45% expense ratio, compared with 0.95% for DIG.
DIG has the higher dividend yield at 1.50%, compared with 0.00% for IFED.
IFED tracks IFED Large-Cap US Equity Index - Benchmark TR Gross, while DIG tracks Dow Jones U.S. Oil & Gas Index (200%). They also come from different issuers: UBS and ProShares. Their fees differ too: 0.45% for IFED and 0.95% for DIG.
DIG currently has the higher Sharpe Ratio (2.22 vs 0.12), 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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