Correlation
The correlation between IFED and SPLG is 0.86, 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.
IFED vs. SPLG
Compare and contrast key facts about ETRACS IFED Invest with the Fed TR Index ETN (IFED) and SPDR Portfolio S&P 500 ETF (SPLG).
IFED and SPLG 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. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005. Both IFED and SPLG 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 SPLG.
Performance
IFED vs. SPLG - Performance Comparison
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Key characteristics
IFED:
0.76
SPLG:
0.73
IFED:
1.09
SPLG:
1.04
IFED:
1.16
SPLG:
1.15
IFED:
0.73
SPLG:
0.68
IFED:
2.38
SPLG:
2.58
IFED:
6.89%
SPLG:
4.93%
IFED:
23.67%
SPLG:
19.61%
IFED:
-22.36%
SPLG:
-54.52%
IFED:
-2.47%
SPLG:
-3.53%
Returns By Period
In the year-to-date period, IFED achieves a 7.21% return, which is significantly higher than SPLG's 0.89% return.
IFED
7.21%
9.13%
1.12%
17.89%
15.56%
N/A
N/A
SPLG
0.89%
6.33%
-1.55%
14.28%
14.31%
15.91%
12.72%
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IFED vs. SPLG - Expense Ratio Comparison
IFED has a 0.45% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Risk-Adjusted Performance
IFED vs. SPLG — Risk-Adjusted Performance Rank
IFED
SPLG
IFED vs. SPLG - 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 SPDR Portfolio S&P 500 ETF (SPLG). 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.
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Dividends
IFED vs. SPLG - Dividend Comparison
IFED has not paid dividends to shareholders, while SPLG's dividend yield for the trailing twelve months is around 1.29%.
| 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% |
SPLG SPDR Portfolio S&P 500 ETF | 1.29% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% |
Drawdowns
IFED vs. SPLG - Drawdown Comparison
The maximum IFED drawdown since its inception was -22.36%, smaller than the maximum SPLG drawdown of -54.52%. Use the drawdown chart below to compare losses from any high point for IFED and SPLG.
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Volatility
IFED vs. SPLG - Volatility Comparison
ETRACS IFED Invest with the Fed TR Index ETN (IFED) has a higher volatility of 5.51% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 4.80%. This indicates that IFED's price experiences larger fluctuations and is considered to be riskier than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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