IFED vs. QQQ
Compare and contrast key facts about ETRACS IFED Invest with the Fed TR Index ETN (IFED) and Invesco QQQ (QQQ).
IFED and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IFED is a passively managed fund by UBS that tracks the performance of the IFED Large-Cap US Equity Index - Benchmark TR Gross. It was launched on Sep 14, 2021. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both IFED and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IFED or QQQ.
Correlation
The correlation between IFED and QQQ is 0.76, 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.
Performance
IFED vs. QQQ - Performance Comparison
Key characteristics
IFED:
1.43
QQQ:
1.38
IFED:
2.12
QQQ:
1.88
IFED:
1.31
QQQ:
1.25
IFED:
1.94
QQQ:
1.86
IFED:
6.84
QQQ:
6.43
IFED:
3.90%
QQQ:
3.92%
IFED:
18.71%
QQQ:
18.27%
IFED:
-22.23%
QQQ:
-82.98%
IFED:
0.00%
QQQ:
0.00%
Returns By Period
In the year-to-date period, IFED achieves a 9.78% return, which is significantly higher than QQQ's 5.50% return.
IFED
9.78%
5.39%
18.31%
26.27%
N/A
N/A
QQQ
5.50%
3.38%
12.65%
26.01%
18.94%
18.39%
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IFED vs. QQQ - Expense Ratio Comparison
IFED has a 0.45% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
IFED vs. QQQ — Risk-Adjusted Performance Rank
IFED
QQQ
IFED vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS IFED Invest with the Fed TR Index ETN (IFED) and Invesco QQQ (QQQ). 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.
Dividends
IFED vs. QQQ - Dividend Comparison
IFED has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.53%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
IFED vs. QQQ - Drawdown Comparison
The maximum IFED drawdown since its inception was -22.23%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for IFED and QQQ. For additional features, visit the drawdowns tool.
Volatility
IFED vs. QQQ - Volatility Comparison
The current volatility for ETRACS IFED Invest with the Fed TR Index ETN (IFED) is 3.33%, while Invesco QQQ (QQQ) has a volatility of 4.92%. This indicates that IFED experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.