IFED vs. TERG
IFED (ETRACS IFED Invest with the Fed TR Index ETN) and TERG (Leverage Shares 2X Long TER Daily ETF) are both Leveraged Equities funds. IFED is passively managed, while TERG is actively managed. At a 0.27 correlation, their price movements are largely independent. IFED charges 0.45%/yr vs 0.75%/yr for TERG.
Performance
IFED vs. TERG - Performance Comparison
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Returns By Period
In the year-to-date period, IFED achieves a -3.07% return, which is significantly lower than TERG's 227.50% return.
IFED
- 1D
- -0.05%
- 1M
- 2.47%
- YTD
- -3.07%
- 6M
- -3.90%
- 1Y
- 2.52%
- 3Y*
- 16.54%
- 5Y*
- —
- 10Y*
- —
TERG
- 1D
- -15.75%
- 1M
- 27.59%
- YTD
- 227.50%
- 6M
- 210.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IFED vs. TERG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IFED ETRACS IFED Invest with the Fed TR Index ETN | -3.07% | 1.07% |
TERG Leverage Shares 2X Long TER Daily ETF | 227.50% | 20.91% |
Correlation
The correlation between IFED and TERG is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.27 |
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Return for Risk
IFED vs. TERG — Risk / Return Rank
IFED
TERG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IFED vs. TERG - 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 Leverage Shares 2X Long TER Daily ETF (TERG). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IFED | TERG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.04 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | — | — |
| Martin ratioReturn relative to average drawdown | 0.43 | — | — |
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Drawdowns
IFED vs. TERG - Drawdown Comparison
The maximum IFED drawdown since its inception was -22.36%, smaller than the maximum TERG drawdown of -49.52%. Use the drawdown chart below to compare losses from any high point for IFED and TERG.
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Drawdown Indicators
| IFED | TERG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.36% | -49.52% | +27.16% |
Max Drawdown (1Y)Largest decline over 1 year | -14.65% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -22.36% | — | — |
Current DrawdownCurrent decline from peak | -5.05% | -16.52% | +11.47% |
Average DrawdownAverage peak-to-trough decline | -5.83% | -14.58% | +8.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.88% | — | — |
Volatility
IFED vs. TERG - Volatility Comparison
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Volatility by Period
| IFED | TERG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 13.81% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.84% | 145.85% | -129.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.92% | 145.85% | -125.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.92% | 145.85% | -125.93% |
IFED vs. TERG - Expense Ratio Comparison
IFED has a 0.45% expense ratio, which is lower than TERG's 0.75% expense ratio.
Dividends
IFED vs. TERG - Dividend Comparison
Neither IFED nor TERG has paid dividends to shareholders.
Frequently Asked Questions
IFED and TERG have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IFED is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IFED is cheaper with a 0.45% expense ratio, compared with 0.75% for TERG.
IFED and TERG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: UBS and Leverage Shares. Their fees differ too: 0.45% for IFED and 0.75% for TERG.
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