IFED vs. INTW

Last updated Aug 5, 2026

IFED (ETRACS IFED Invest with the Fed TR Index ETN) and INTW (GraniteShares 2x Long INTC Daily ETF) are both Leveraged Equities funds. IFED is passively managed, while INTW is actively managed. Over the past year, IFED returned 9.27% vs 1221.95% for INTW. Their 0.25 correlation means their historical movements had little consistent relationship. IFED charges 0.45%/yr vs 1.50%/yr for INTW.

Performance

IFED vs. INTW - 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 GraniteShares 2x Long INTC Daily ETF (INTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IFED achieves a 6.57% return, which is significantly lower than INTW's 345.14% return.

IFED

• 1D: 0.00%
• 1M: 10.34%
• 6M: 12.77%
• YTD: 6.57%
• 1Y: 9.27%
• 3Y*: 18.28%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.61%

INTW

• 1D: 21.94%
• 1M: -35.28%
• 6M: 178.42%
• YTD: 345.14%
• 1Y: 1,221.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 281.56%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IFED ETRACS IFED Invest with the Fed TR Index ETN	$121.94K	$80.88K	$45.76K
INTW GraniteShares 2x Long INTC Daily ETF	$149.69M	$131.79M	$210.25M

IFED vs. INTW - Yearly Performance Comparison

	2026 (YTD)	2025
IFED ETRACS IFED Invest with the Fed TR Index ETN	6.57%	7.65%
INTW GraniteShares 2x Long INTC Daily ETF	345.14%	60.89%

Correlation

The correlation between IFED and INTW is 0.21, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.21
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.25

Return for Risk

IFED vs. INTW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IFED

IFED Risk / Return Rank: 19
IFED Sharpe Ratio Rank: 17
IFED Sortino Ratio Rank: 18
IFED Omega Ratio Rank: 23
IFED Calmar Ratio Rank: 17
IFED Martin Ratio Rank: 20

INTW

INTW Risk / Return Rank: 97
INTW Sharpe Ratio Rank: 99
INTW Sortino Ratio Rank: 95
INTW Omega Ratio Rank: 94
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 98

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IFED vs. INTW - 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 GraniteShares 2x Long INTC Daily ETF (INTW). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IFED	INTW	Difference
Sharpe ratio: Return per unit of total volatility	0.32	7.80	-7.48
Sortino ratio: Return per unit of downside risk	0.67	4.32	-3.65
Omega ratio: Gain probability vs. loss probability	1.11	1.53	-0.42
Calmar ratio: Return relative to maximum drawdown	0.46	17.87	-17.40
Martin ratio: Return relative to average drawdown	1.43	47.29	-45.86

IFED vs. INTW - Sharpe Ratio Comparison

The current IFED Sharpe Ratio is 0.32, which is lower than the INTW Sharpe Ratio of 7.80. The chart below compares the historical Sharpe Ratios of IFED and INTW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IFED vs. INTW - Drawdown Comparison

The maximum IFED drawdown since its inception was -22.36%, smaller than the maximum INTW drawdown of -69.16%. Use the drawdown chart below to compare losses from any high point for IFED and INTW.

Drawdown Indicators

	IFED	INTW	Difference
Max Drawdown Largest peak-to-trough decline	-22.36%	-69.16%	+46.80%
Max Drawdown (1Y) Largest decline over 1 year	-20.18%	-69.16%	+48.98%
Max Drawdown (3Y) Largest decline over 3 years	-22.36%	—	—
Current Drawdown Current decline from peak	-10.51%	-54.18%	+43.67%
Average Drawdown Average peak-to-trough decline	-5.85%	-30.75%	+24.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.50%	26.08%	-19.58%

Volatility

IFED vs. INTW - Volatility Comparison

The current volatility for ETRACS IFED Invest with the Fed TR Index ETN (IFED) is 24.37%, while GraniteShares 2x Long INTC Daily ETF (INTW) has a volatility of 52.57%. This indicates that IFED experiences smaller price fluctuations and is considered to be less risky than INTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IFED	INTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.37%	52.57%	-28.20%
Volatility (6M) Calculated over the trailing 6-month period	28.12%	117.90%	-89.78%
Volatility (1Y) Calculated over the trailing 1-year period	29.47%	158.42%	-128.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.59%	151.25%	-128.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.59%	151.25%	-128.66%

IFED vs. INTW - Expense Ratio Comparison

IFED has a 0.45% expense ratio, which is lower than INTW's 1.50% expense ratio.

Dividends

IFED vs. INTW - Dividend Comparison

Neither IFED nor INTW has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IFED and INTW in my portfolio?

IFED and INTW have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IFED or INTW?

INTW has higher volatility (52.57%) compared to IFED (24.37%). In terms of maximum drawdown, IFED dropped -22.36% vs INTW's -69.16%.

Which ETF is better, IFED or INTW?

On 1-year performance, INTW leads with 1221.95% vs 9.27% for IFED. On fees, IFED is cheaper at 0.45% per year. On volatility, IFED has been the lower-risk option at 24.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IFED or INTW?

Over the 1-year period, INTW has performed better with a 1221.95% return vs 9.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IFED or INTW?

IFED is cheaper with a 0.45% expense ratio, compared with 1.50% for INTW.

Which ETF pays a higher dividend yield, IFED or INTW?

IFED and INTW have nearly identical dividend yields, around 0.00%.

What is the main difference between IFED and INTW?

They also come from different issuers: UBS and GraniteShares. Their fees differ too: 0.45% for IFED and 1.50% for INTW.

Which has better risk-adjusted returns?

INTW currently has the higher Sharpe Ratio (7.80 vs 0.32), 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.