Correlation
The correlation between IFED and SPXL 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. SPXL
Compare and contrast key facts about ETRACS IFED Invest with the Fed TR Index ETN (IFED) and Direxion Daily S&P 500 Bull 3X Shares (SPXL).
IFED and SPXL 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. SPXL is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (300%). It was launched on Nov 5, 2008. Both IFED and SPXL 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 SPXL.
Performance
IFED vs. SPXL - Performance Comparison
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Key characteristics
IFED:
0.76
SPXL:
0.30
IFED:
1.09
SPXL:
0.71
IFED:
1.16
SPXL:
1.10
IFED:
0.73
SPXL:
0.26
IFED:
2.38
SPXL:
0.82
IFED:
6.89%
SPXL:
15.58%
IFED:
23.67%
SPXL:
58.28%
IFED:
-22.36%
SPXL:
-76.86%
IFED:
-2.47%
SPXL:
-19.56%
Returns By Period
In the year-to-date period, IFED achieves a 7.21% return, which is significantly higher than SPXL's -9.94% return.
IFED
7.21%
9.13%
1.12%
17.89%
15.56%
N/A
N/A
SPXL
-9.94%
18.23%
-17.59%
17.52%
21.18%
30.98%
21.54%
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IFED vs. SPXL - Expense Ratio Comparison
IFED has a 0.45% expense ratio, which is lower than SPXL's 1.02% expense ratio.
Risk-Adjusted Performance
IFED vs. SPXL — Risk-Adjusted Performance Rank
IFED
SPXL
IFED vs. SPXL - 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 Direxion Daily S&P 500 Bull 3X Shares (SPXL). 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. SPXL - Dividend Comparison
IFED has not paid dividends to shareholders, while SPXL's dividend yield for the trailing twelve months is around 0.89%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
SPXL Direxion Daily S&P 500 Bull 3X Shares | 0.89% | 0.74% | 0.98% | 0.33% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% |
Drawdowns
IFED vs. SPXL - Drawdown Comparison
The maximum IFED drawdown since its inception was -22.36%, smaller than the maximum SPXL drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for IFED and SPXL.
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Volatility
IFED vs. SPXL - Volatility Comparison
The current volatility for ETRACS IFED Invest with the Fed TR Index ETN (IFED) is 5.51%, while Direxion Daily S&P 500 Bull 3X Shares (SPXL) has a volatility of 14.30%. This indicates that IFED experiences smaller price fluctuations and is considered to be less risky than SPXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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