IFED vs. SDP
Compare and contrast key facts about ETRACS IFED Invest with the Fed TR Index ETN (IFED) and ProShares UltraShort Utilities (SDP).
IFED and SDP 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. SDP is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Utilities Index (-200%). It was launched on Jan 30, 2007. Both IFED and SDP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IFED vs. SDP - Performance Comparison
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IFED vs. SDP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IFED ETRACS IFED Invest with the Fed TR Index ETN | -10.70% | 15.02% | 23.04% | 20.78% | -1.46% | 8.46% |
SDP ProShares UltraShort Utilities | -14.15% | -22.59% | -30.11% | 18.95% | -12.54% | -14.98% |
Returns By Period
In the year-to-date period, IFED achieves a -10.70% return, which is significantly higher than SDP's -14.15% return.
IFED
- 1D
- 2.06%
- 1M
- -5.98%
- YTD
- -10.70%
- 6M
- -11.02%
- 1Y
- 5.41%
- 3Y*
- 14.83%
- 5Y*
- —
- 10Y*
- —
SDP
- 1D
- 0.70%
- 1M
- 6.78%
- YTD
- -14.15%
- 6M
- -10.38%
- 1Y
- -27.33%
- 3Y*
- -19.65%
- 5Y*
- -18.82%
- 10Y*
- -21.71%
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IFED vs. SDP - Expense Ratio Comparison
IFED has a 0.45% expense ratio, which is lower than SDP's 0.95% expense ratio.
Return for Risk
IFED vs. SDP — Risk / Return Rank
IFED
SDP
IFED vs. SDP - 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 UltraShort Utilities (SDP). 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 | SDP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.29 | -0.88 | +1.17 |
Sortino ratioReturn per unit of downside risk | 0.52 | -1.27 | +1.79 |
Omega ratioGain probability vs. loss probability | 1.07 | 0.86 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 0.39 | -0.70 | +1.10 |
Martin ratioReturn relative to average drawdown | 1.24 | -1.05 | +2.29 |
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 | SDP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.29 | -0.88 | +1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.55 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | -0.58 | +1.16 |
Correlation
The correlation between IFED and SDP is -0.33. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
IFED vs. SDP - Dividend Comparison
IFED has not paid dividends to shareholders, while SDP's dividend yield for the trailing twelve months is around 4.26%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
SDP ProShares UltraShort Utilities | 4.26% | 3.99% | 4.66% | 3.04% | 0.56% | 0.00% | 0.13% | 0.87% | 0.05% |
Drawdowns
IFED vs. SDP - Drawdown Comparison
The maximum IFED drawdown since its inception was -22.36%, smaller than the maximum SDP drawdown of -99.56%. Use the drawdown chart below to compare losses from any high point for IFED and SDP.
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Drawdown Indicators
| IFED | SDP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.36% | -99.56% | +77.20% |
Max Drawdown (1Y)Largest decline over 1 year | -14.65% | -41.11% | +26.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -66.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.63% | — |
Current DrawdownCurrent decline from peak | -12.52% | -99.53% | +87.01% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -81.96% | +76.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.64% | 27.45% | -22.81% |
Volatility
IFED vs. SDP - Volatility Comparison
The current volatility for ETRACS IFED Invest with the Fed TR Index ETN (IFED) is 4.91%, while ProShares UltraShort Utilities (SDP) has a volatility of 9.55%. This indicates that IFED experiences smaller price fluctuations and is considered to be less risky than SDP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IFED | SDP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 9.55% | -4.64% |
Volatility (6M)Calculated over the trailing 6-month period | 10.83% | 20.50% | -9.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.80% | 31.29% | -12.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.72% | 34.05% | -14.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.72% | 37.37% | -17.65% |