IFED vs. IDMO
IFED (ETRACS IFED Invest with the Fed TR Index ETN) and IDMO (Invesco S&P International Developed Momentum ETF) are both exchange-traded funds - IFED is a Leveraged Equities fund tracking the IFED Large-Cap US Equity Index - Benchmark TR Gross, while IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Both are passively managed. Over the past 3 years, IFED returned 15.72%/yr vs 24.47%/yr for IDMO. A 0.64 correlation means they provide meaningful diversification when combined. IFED charges 0.45%/yr vs 0.25%/yr for IDMO.
Performance
IFED vs. IDMO - Performance Comparison
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Returns By Period
In the year-to-date period, IFED achieves a -4.66% return, which is significantly lower than IDMO's 5.33% return.
IFED
- 1D
- -0.77%
- 1M
- 3.02%
- YTD
- -4.66%
- 6M
- -4.61%
- 1Y
- -0.10%
- 3Y*
- 15.72%
- 5Y*
- —
- 10Y*
- —
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 vs. IDMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IFED ETRACS IFED Invest with the Fed TR Index ETN | -4.66% | 15.02% | 23.04% | 20.78% | -1.46% | 8.46% |
IDMO Invesco S&P International Developed Momentum ETF | 5.33% | 42.17% | 12.79% | 20.16% | -12.03% | 0.41% |
Correlation
The correlation between IFED and IDMO 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 IFED and IDMO 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
IFED vs. IDMO — Risk / Return Rank
IFED
IDMO
IFED vs. IDMO - 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 Invesco S&P International Developed Momentum ETF (IDMO). 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 | IDMO | 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 | 1.01 | 1.21 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 1.57 | -1.58 |
| Martin ratioReturn relative to average drawdown | -0.02 | 6.49 | -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
| IFED | IDMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 1.12 | -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 | 0.63 | 0.44 | +0.19 |
Drawdowns
IFED vs. IDMO - Drawdown Comparison
The maximum IFED drawdown since its inception was -22.36%, smaller than the maximum IDMO drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for IFED and IDMO.
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Drawdown Indicators
| IFED | IDMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.36% | -39.38% | +17.02% |
Max Drawdown (1Y)Largest decline over 1 year | -14.65% | -12.31% | -2.34% |
Max Drawdown (3Y)Largest decline over 3 years | -22.36% | -12.65% | -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 | -6.61% | -4.49% | -2.12% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -9.75% | +3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.78% | 2.99% | +2.79% |
Volatility
IFED vs. IDMO - Volatility Comparison
The current volatility for ETRACS IFED Invest with the Fed TR Index ETN (IFED) is 4.75%, while Invesco S&P International Developed Momentum ETF (IDMO) has a volatility of 6.18%. This indicates that IFED experiences smaller price fluctuations and is considered to be less risky than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IFED | IDMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 6.18% | -1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 12.91% | 15.28% | -2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.23% | 17.25% | -1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.87% | 17.90% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.87% | 18.14% | +1.73% |
IFED vs. IDMO - Expense Ratio Comparison
IFED has a 0.45% expense ratio, which is higher than IDMO's 0.25% expense ratio.
Dividends
IFED vs. IDMO - Dividend Comparison
IFED has not paid dividends to shareholders, while IDMO's dividend yield for the trailing twelve months is around 3.61%.
| 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
IFED and IDMO 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, IFED dropped -22.36% vs IDMO's -39.38%.
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.
IFED is categorized as Leveraged Equities, while IDMO is Momentum. IFED tracks IFED Large-Cap US Equity Index - Benchmark TR Gross, while IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. They also come from different issuers: UBS and Invesco. Their fees differ too: 0.45% for IFED and 0.25% for IDMO.
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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