JETU vs. IFED

Last updated Jun 25, 2026

JETU (MAX Airlines 3X Leveraged ETN) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds - JETU tracks the Prime Airlines Index - Benchmark TR Net while IFED tracks the IFED Large-Cap US Equity Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, JETU returned 17.57%/yr vs 15.90%/yr for IFED. A 0.59 correlation means they provide meaningful diversification when combined. JETU charges 0.95%/yr vs 0.45%/yr for IFED.

Performance

JETU vs. IFED - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MAX Airlines 3X Leveraged ETN (JETU) and ETRACS IFED Invest with the Fed TR Index ETN (IFED). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JETU achieves a 32.26% return, which is significantly higher than IFED's -4.64% return.

JETU

• 1D: 8.15%
• 1M: 37.10%
• YTD: 32.26%
• 6M: 25.12%
• 1Y: 97.92%
• 3Y*: 17.57%
• 5Y*: —
• 10Y*: —

IFED

• 1D: -1.62%
• 1M: 0.81%
• YTD: -4.64%
• 6M: -5.76%
• 1Y: -0.20%
• 3Y*: 15.90%
• 5Y*: —
• 10Y*: —

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

JETU vs. IFED - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JETU MAX Airlines 3X Leveraged ETN	32.26%	3.88%	38.00%	-15.80%
IFED ETRACS IFED Invest with the Fed TR Index ETN	-4.64%	15.02%	23.04%	14.55%

Correlation

The correlation between JETU and IFED is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jun 21, 2023	0.59

The correlation between JETU and IFED has been stable across timeframes, ranging from 0.55 to 0.59 - a consistent structural relationship.

Return for Risk

JETU vs. IFED — Risk / Return Rank

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

JETU

JETU Risk / Return Rank: 42
JETU Sharpe Ratio Rank: 41
JETU Sortino Ratio Rank: 47
JETU Omega Ratio Rank: 41
JETU Calmar Ratio Rank: 45
JETU Martin Ratio Rank: 36

IFED

IFED Risk / Return Rank: 9
IFED Sharpe Ratio Rank: 9
IFED Sortino Ratio Rank: 8
IFED Omega Ratio Rank: 8
IFED Calmar Ratio Rank: 9
IFED Martin Ratio Rank: 9

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.

JETU vs. IFED - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MAX Airlines 3X Leveraged ETN (JETU) and ETRACS IFED Invest with the Fed TR Index ETN (IFED). 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.

	JETU	IFED	Difference
Sharpe ratio: Return per unit of total volatility	1.29	-0.01	+1.31
Sortino ratio: Return per unit of downside risk	2.09	0.11	+1.98
Omega ratio: Gain probability vs. loss probability	1.24	1.01	+0.23
Calmar ratio: Return relative to maximum drawdown	1.99	-0.01	+2.01
Martin ratio: Return relative to average drawdown	4.88	-0.03	+4.92

JETU vs. IFED - Sharpe Ratio Comparison

The current JETU Sharpe Ratio is 1.29, which is higher than the IFED Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of JETU and IFED, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JETU vs. IFED - Drawdown Comparison

The maximum JETU drawdown since its inception was -68.64%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for JETU and IFED.

Drawdown Indicators

	JETU	IFED	Difference
Max Drawdown Largest peak-to-trough decline	-68.64%	-22.36%	-46.28%
Max Drawdown (1Y) Largest decline over 1 year	-49.39%	-14.65%	-34.74%
Max Drawdown (3Y) Largest decline over 3 years	-68.64%	-22.36%	-46.28%
Current Drawdown Current decline from peak	-5.27%	-6.60%	+1.33%
Average Drawdown Average peak-to-trough decline	-29.29%	-5.83%	-23.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.12%	5.90%	+14.22%

Volatility

JETU vs. IFED - Volatility Comparison

MAX Airlines 3X Leveraged ETN (JETU) has a higher volatility of 29.98% compared to ETRACS IFED Invest with the Fed TR Index ETN (IFED) at 6.86%. This indicates that JETU's price experiences larger fluctuations and is considered to be riskier than IFED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JETU	IFED	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.98%	6.86%	+23.12%
Volatility (6M) Calculated over the trailing 6-month period	61.95%	13.89%	+48.06%
Volatility (1Y) Calculated over the trailing 1-year period	76.19%	16.90%	+59.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.63%	19.92%	+51.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.63%	19.92%	+51.71%

JETU vs. IFED - Expense Ratio Comparison

JETU has a 0.95% expense ratio, which is higher than IFED's 0.45% expense ratio.

Dividends

JETU vs. IFED - Dividend Comparison

Neither JETU nor IFED has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both JETU and IFED in my portfolio?

JETU and IFED have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JETU or IFED?

JETU has higher volatility (29.98%) compared to IFED (6.86%). In terms of maximum drawdown, JETU dropped -68.64% vs IFED's -22.36%.

Which ETF is better, JETU or IFED?

On 3-year performance, JETU leads with 17.57% vs 15.90% for IFED. On fees, IFED is cheaper at 0.45% per year. On volatility, IFED has been the lower-risk option at 6.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JETU or IFED?

Over the 3-year period, JETU has performed better with a 17.57% return vs 15.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JETU or IFED?

IFED is cheaper with a 0.45% expense ratio, compared with 0.95% for JETU.

Which ETF pays a higher dividend yield, JETU or IFED?

JETU and IFED have nearly identical dividend yields, around 0.00%.

What is the main difference between JETU and IFED?

JETU tracks Prime Airlines Index - Benchmark TR Net, while IFED tracks IFED Large-Cap US Equity Index - Benchmark TR Gross. They also come from different issuers: Max and UBS. Their fees differ too: 0.95% for JETU and 0.45% for IFED.

Which has better risk-adjusted returns?

JETU currently has the higher Sharpe Ratio (1.29 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.