IFED vs. TSLT

Last updated Apr 1, 2026

Compare and contrast key facts about ETRACS IFED Invest with the Fed TR Index ETN (IFED) and T-Rex 2X Long Tesla Daily Target ETF (TSLT).

IFED and TSLT 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. TSLT is an actively managed fund by T-Rex. It was launched on Oct 18, 2023.

Performance

IFED vs. TSLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS IFED Invest with the Fed TR Index ETN (IFED) and T-Rex 2X Long Tesla Daily Target ETF (TSLT). The values are adjusted to include any dividend payments, if applicable.

IFED vs. TSLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IFED ETRACS IFED Invest with the Fed TR Index ETN	-10.70%	15.02%	23.04%	12.43%
TSLT T-Rex 2X Long Tesla Daily Target ETF	-36.32%	-29.49%	54.17%	20.11%

Returns By Period

In the year-to-date period, IFED achieves a -10.70% return, which is significantly higher than TSLT's -36.32% return.

IFED

• 1D: 2.06%
• 1M: -5.98%
• YTD: -10.70%
• 6M: -11.02%
• 1Y: 5.41%
• 3Y*: 14.83%
• 5Y*: —
• 10Y*: —

TSLT

• 1D: 9.18%
• 1M: -16.84%
• YTD: -36.32%
• 6M: -40.73%
• 1Y: 30.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IFED vs. TSLT - Expense Ratio Comparison

IFED has a 0.45% expense ratio, which is lower than TSLT's 1.05% expense ratio.

TSLT

T-Rex 2X Long Tesla Daily Target ETF

IFED

ETRACS IFED Invest with the Fed TR Index ETN

Return for Risk

IFED vs. TSLT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IFED

IFED Risk / Return Rank: 20
IFED Sharpe Ratio Rank: 19
IFED Sortino Ratio Rank: 19
IFED Omega Ratio Rank: 20
IFED Calmar Ratio Rank: 20
IFED Martin Ratio Rank: 21

TSLT

TSLT Risk / Return Rank: 30
TSLT Sharpe Ratio Rank: 20
TSLT Sortino Ratio Rank: 47
TSLT Omega Ratio Rank: 39
TSLT Calmar Ratio Rank: 25
TSLT Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IFED vs. TSLT - 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 T-Rex 2X Long Tesla Daily Target ETF (TSLT). 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	TSLT	Difference
Sharpe ratio Return per unit of total volatility	0.29	0.28	+0.01
Sortino ratio Return per unit of downside risk	0.52	1.21	-0.69
Omega ratio Gain probability vs. loss probability	1.07	1.15	-0.07
Calmar ratio Return relative to maximum drawdown	0.39	0.50	-0.11
Martin ratio Return relative to average drawdown	1.24	1.06	+0.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IFED vs. TSLT - Sharpe Ratio Comparison

The current IFED Sharpe Ratio is 0.29, which is comparable to the TSLT Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of IFED and TSLT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IFED	TSLT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.29	0.28	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	-0.06	+0.64

Correlation

The correlation between IFED and TSLT is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IFED vs. TSLT - Dividend Comparison

Neither IFED nor TSLT has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

IFED vs. TSLT - Drawdown Comparison

The maximum IFED drawdown since its inception was -22.36%, smaller than the maximum TSLT drawdown of -83.16%. Use the drawdown chart below to compare losses from any high point for IFED and TSLT.

Drawdown Indicators

	IFED	TSLT	Difference
Max Drawdown Largest peak-to-trough decline	-22.36%	-83.16%	+60.80%
Max Drawdown (1Y) Largest decline over 1 year	-14.65%	-51.40%	+36.75%
Current Drawdown Current decline from peak	-12.52%	-69.07%	+56.55%
Average Drawdown Average peak-to-trough decline	-5.70%	-49.13%	+43.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.64%	24.16%	-19.52%

Volatility

IFED vs. TSLT - Volatility Comparison

The current volatility for ETRACS IFED Invest with the Fed TR Index ETN (IFED) is 4.91%, while T-Rex 2X Long Tesla Daily Target ETF (TSLT) has a volatility of 22.37%. This indicates that IFED experiences smaller price fluctuations and is considered to be less risky than TSLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IFED	TSLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.91%	22.37%	-17.46%
Volatility (6M) Calculated over the trailing 6-month period	10.83%	59.16%	-48.33%
Volatility (1Y) Calculated over the trailing 1-year period	18.80%	110.56%	-91.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.72%	119.13%	-99.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.72%	119.13%	-99.41%