IFED vs. VYMI
IFED (ETRACS IFED Invest with the Fed TR Index ETN) and VYMI (Vanguard International High Dividend Yield ETF) are both exchange-traded funds - IFED is a Leveraged Equities fund tracking the IFED Large-Cap US Equity Index - Benchmark TR Gross, while VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index. Both are passively managed. Over the past 3 years, IFED returned 15.72%/yr vs 20.99%/yr for VYMI. A 0.63 correlation means they provide meaningful diversification when combined. IFED charges 0.45%/yr vs 0.07%/yr for VYMI.
Performance
IFED vs. VYMI - Performance Comparison
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Returns By Period
In the year-to-date period, IFED achieves a -4.66% return, which is significantly lower than VYMI's 10.04% return.
IFED
- 1D
- -0.77%
- 1M
- 3.02%
- YTD
- -4.66%
- 6M
- -4.61%
- 1Y
- -0.10%
- 3Y*
- 15.72%
- 5Y*
- —
- 10Y*
- —
VYMI
- 1D
- 0.24%
- 1M
- -1.37%
- YTD
- 10.04%
- 6M
- 13.58%
- 1Y
- 27.88%
- 3Y*
- 20.99%
- 5Y*
- 11.79%
- 10Y*
- 10.62%
IFED vs. VYMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IFED ETRACS IFED Invest with the Fed TR Index ETN | -4.66% | 15.02% | 23.04% | 20.78% | -1.46% | 8.46% |
VYMI Vanguard International High Dividend Yield ETF | 10.04% | 38.05% | 7.06% | 17.07% | -7.02% | 0.49% |
Correlation
The correlation between IFED and VYMI is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021 | 0.63 |
Over the past year, the correlation between IFED and VYMI has dropped to 0.42 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
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Return for Risk
IFED vs. VYMI — Risk / Return Rank
IFED
VYMI
IFED vs. VYMI - 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 Vanguard International High Dividend Yield ETF (VYMI). 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 | VYMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.39 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 2.76 | -2.77 |
| Martin ratioReturn relative to average drawdown | -0.02 | 10.83 | -10.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IFED | VYMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 2.14 | -2.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.80 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.64 | -0.01 |
Drawdowns
IFED vs. VYMI - Drawdown Comparison
The maximum IFED drawdown since its inception was -22.36%, smaller than the maximum VYMI drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for IFED and VYMI.
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Drawdown Indicators
| IFED | VYMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.36% | -40.00% | +17.64% |
Max Drawdown (1Y)Largest decline over 1 year | -14.65% | -10.14% | -4.51% |
Max Drawdown (3Y)Largest decline over 3 years | -22.36% | -12.84% | -9.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.05% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.00% | — |
Current DrawdownCurrent decline from peak | -6.61% | -2.52% | -4.09% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -6.31% | +0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.78% | 2.58% | +3.20% |
Volatility
IFED vs. VYMI - Volatility Comparison
ETRACS IFED Invest with the Fed TR Index ETN (IFED) has a higher volatility of 4.75% compared to Vanguard International High Dividend Yield ETF (VYMI) at 3.69%. This indicates that IFED's price experiences larger fluctuations and is considered to be riskier than VYMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IFED | VYMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 3.69% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 12.91% | 10.94% | +1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.23% | 13.13% | +3.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.87% | 14.87% | +5.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.87% | 16.88% | +2.99% |
IFED vs. VYMI - Expense Ratio Comparison
IFED has a 0.45% expense ratio, which is higher than VYMI's 0.07% expense ratio.
Dividends
IFED vs. VYMI - Dividend Comparison
IFED has not paid dividends to shareholders, while VYMI's dividend yield for the trailing twelve months is around 3.48%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VYMI Vanguard International High Dividend Yield ETF | 3.48% | 3.68% | 4.84% | 4.58% | 4.70% | 4.30% | 3.22% | 4.20% | 4.29% | 3.21% | 2.39% |
Frequently Asked Questions
IFED and VYMI have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IFED has higher volatility (4.75%) compared to VYMI (3.69%). In terms of maximum drawdown, IFED dropped -22.36% vs VYMI's -40.00%.
On 3-year performance, VYMI leads with 20.99% vs 15.72% for IFED. On fees, VYMI is cheaper at 0.07% per year. On volatility, VYMI has been the lower-risk option at 3.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VYMI has performed better with a 20.99% return vs 15.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VYMI is cheaper with a 0.07% expense ratio, compared with 0.45% for IFED.
VYMI has the higher dividend yield at 3.48%, compared with 0.00% for IFED.
IFED is categorized as Leveraged Equities, while VYMI is Dividend. IFED tracks IFED Large-Cap US Equity Index - Benchmark TR Gross, while VYMI tracks FTSE All-World ex US High Dividend Yield Index. They also come from different issuers: UBS and Vanguard. Their fees differ too: 0.45% for IFED and 0.07% for VYMI.
VYMI currently has the higher Sharpe Ratio (2.14 vs -0.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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