Correlation
The correlation between IFED and SPY 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. SPY
Compare and contrast key facts about ETRACS IFED Invest with the Fed TR Index ETN (IFED) and SPDR S&P 500 ETF (SPY).
IFED and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both IFED and SPY 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 SPY.
Performance
IFED vs. SPY - Performance Comparison
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Key characteristics
IFED:
0.76
SPY:
0.70
IFED:
1.09
SPY:
1.02
IFED:
1.16
SPY:
1.15
IFED:
0.73
SPY:
0.68
IFED:
2.38
SPY:
2.57
IFED:
6.89%
SPY:
4.93%
IFED:
23.67%
SPY:
20.42%
IFED:
-22.36%
SPY:
-55.19%
IFED:
-2.47%
SPY:
-3.55%
Returns By Period
In the year-to-date period, IFED achieves a 7.21% return, which is significantly higher than SPY's 0.87% return.
IFED
7.21%
9.13%
1.12%
17.35%
15.56%
N/A
N/A
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
Compare stocks, funds, or ETFs
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IFED vs. SPY - Expense Ratio Comparison
IFED has a 0.45% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
IFED vs. SPY — Risk-Adjusted Performance Rank
IFED
SPY
IFED vs. SPY - 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 S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
IFED has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.22%.
| 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% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
IFED vs. SPY - Drawdown Comparison
The maximum IFED drawdown since its inception was -22.36%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IFED and SPY.
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Volatility
IFED vs. SPY - Volatility Comparison
ETRACS IFED Invest with the Fed TR Index ETN (IFED) has a higher volatility of 5.51% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that IFED's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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