IFED vs. HQU.TO

Last updated Jun 3, 2026

IFED (ETRACS IFED Invest with the Fed TR Index ETN) and HQU.TO (BetaPro NASDAQ-100 2x Daily Bull ETF) are both exchange-traded funds - IFED is a Leveraged Equities fund tracking the IFED Large-Cap US Equity Index - Benchmark TR Gross, while HQU.TO is a Nasdaq-100 fund managed by Global X. Over the past 3 years, IFED returned 17.19%/yr vs 45.08%/yr for HQU.TO. A 0.72 correlation means they provide meaningful diversification when combined.

Performance

IFED vs. HQU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS IFED Invest with the Fed TR Index ETN (IFED) and BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IFED is traded in USD, while HQU.TO is traded in CAD. To make them comparable, the HQU.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IFED achieves a -2.31% return, which is significantly lower than HQU.TO's 38.86% return.

IFED

• 1D: -1.64%
• 1M: 6.11%
• YTD: -2.31%
• 6M: -1.82%
• 1Y: 4.42%
• 3Y*: 17.19%
• 5Y*: —
• 10Y*: —

HQU.TO

• 1D: 0.86%
• 1M: 18.24%
• YTD: 38.86%
• 6M: 36.91%
• 1Y: 80.90%
• 3Y*: 45.08%
• 5Y*: 19.74%
• 10Y*: 32.29%

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

IFED vs. HQU.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IFED ETRACS IFED Invest with the Fed TR Index ETN	-2.31%	15.02%	23.04%	20.78%	-1.46%	8.46%
HQU.TO BetaPro NASDAQ-100 2x Daily Bull ETF	38.86%	32.84%	28.95%	118.87%	-64.29%	8.89%

Correlation

The correlation between IFED and HQU.TO is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021	0.72

The correlation between IFED and HQU.TO shifts across timeframes, from 0.57 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IFED vs. HQU.TO — Risk / Return Rank

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

IFED

IFED Risk / Return Rank: 12
IFED Sharpe Ratio Rank: 13
IFED Sortino Ratio Rank: 12
IFED Omega Ratio Rank: 12
IFED Calmar Ratio Rank: 12
IFED Martin Ratio Rank: 12

HQU.TO

HQU.TO Risk / Return Rank: 68
HQU.TO Sharpe Ratio Rank: 81
HQU.TO Sortino Ratio Rank: 68
HQU.TO Omega Ratio Rank: 67
HQU.TO Calmar Ratio Rank: 65
HQU.TO Martin Ratio Rank: 62

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.

IFED vs. HQU.TO - 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 BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO). 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	HQU.TO	Difference
Sharpe ratio Return per unit of total volatility	0.27	2.55	-2.27
Sortino ratio Return per unit of downside risk	0.51	3.04	-2.53
Omega ratio Gain probability vs. loss probability	1.06	1.39	-0.33
Calmar ratio Return relative to maximum drawdown	0.33	3.28	-2.95
Martin ratio Return relative to average drawdown	0.84	11.96	-11.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IFED vs. HQU.TO - Sharpe Ratio Comparison

The current IFED Sharpe Ratio is 0.27, which is lower than the HQU.TO Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of IFED and HQU.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IFED	HQU.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	2.55	-2.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.42	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.17	+0.49

Drawdowns

IFED vs. HQU.TO - Drawdown Comparison

The maximum IFED drawdown since its inception was -22.36%, smaller than the maximum HQU.TO drawdown of -76.46%. Use the drawdown chart below to compare losses from any high point for IFED and HQU.TO.

Drawdown Indicators

	IFED	HQU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-22.36%	-76.46%	+54.10%
Max Drawdown (1Y) Largest decline over 1 year	-14.65%	-25.71%	+11.06%
Max Drawdown (3Y) Largest decline over 3 years	-22.36%	-43.07%	+20.71%
Max Drawdown (5Y) Largest decline over 5 years	—	-67.30%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-67.30%	—
Current Drawdown Current decline from peak	-4.31%	0.00%	-4.31%
Average Drawdown Average peak-to-trough decline	-5.84%	-33.28%	+27.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.74%	7.05%	-1.31%

Volatility

IFED vs. HQU.TO - Volatility Comparison

The current volatility for ETRACS IFED Invest with the Fed TR Index ETN (IFED) is 4.24%, while BetaPro NASDAQ-100 2x Daily Bull ETF (HQU.TO) has a volatility of 9.52%. This indicates that IFED experiences smaller price fluctuations and is considered to be less risky than HQU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IFED	HQU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	9.52%	-5.28%
Volatility (6M) Calculated over the trailing 6-month period	12.80%	25.44%	-12.64%
Volatility (1Y) Calculated over the trailing 1-year period	16.17%	33.20%	-17.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.88%	47.79%	-27.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.88%	47.66%	-27.78%

Dividends

IFED vs. HQU.TO - Dividend Comparison

Neither IFED nor HQU.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IFED and HQU.TO in my portfolio?

IFED and HQU.TO have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between IFED and HQU.TO?

IFED is categorized as Leveraged Equities, while HQU.TO is Nasdaq-100. They also come from different issuers: UBS and Global X.