LOFF vs. IFED

Last updated Jul 25, 2026

LOFF (Direxion Daily SpaceX Bull 2X ETF) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds. LOFF is actively managed, while IFED is passively managed. At a correlation of -0.08, they often move in opposite directions. LOFF charges 0.97%/yr vs 0.45%/yr for IFED.

Performance

LOFF vs. IFED - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily SpaceX Bull 2X ETF (LOFF) 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

LOFF

• 1D: -5.94%
• 1M: -47.69%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

IFED

• 1D: -14.38%
• 1M: 6.11%
• 6M: 2.32%
• YTD: 1.18%
• 1Y: 3.53%
• 3Y*: 15.83%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.49%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IFED ETRACS IFED Invest with the Fed TR Index ETN	$103.32K	$55.12K	$34.15K
LOFF Direxion Daily SpaceX Bull 2X ETF	$12.23M	$19.42M	$33.43M

LOFF vs. IFED - Yearly Performance Comparison

	2026 (YTD)
LOFF Direxion Daily SpaceX Bull 2X ETF	-60.77%
IFED ETRACS IFED Invest with the Fed TR Index ETN	4.32%

Correlation

The correlation between LOFF and IFED is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 15, 2026	-0.08

Return for Risk

LOFF vs. IFED — Risk / Return Rank

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

LOFF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IFED

IFED Risk / Return Rank: 16
IFED Sharpe Ratio Rank: 15
IFED Sortino Ratio Rank: 15
IFED Omega Ratio Rank: 17
IFED Calmar Ratio Rank: 16
IFED Martin Ratio Rank: 16

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.

LOFF vs. IFED - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily SpaceX Bull 2X ETF (LOFF) 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.

	LOFF	IFED	Difference
Sharpe ratio: Return per unit of total volatility	—	0.14	—
Sortino ratio: Return per unit of downside risk	—	0.37	—
Omega ratio: Gain probability vs. loss probability	—	1.06	—
Calmar ratio: Return relative to maximum drawdown	—	0.24	—
Martin ratio: Return relative to average drawdown	—	0.58	—

Drawdowns

LOFF vs. IFED - Drawdown Comparison

The maximum LOFF drawdown since its inception was -70.97%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for LOFF and IFED.

Drawdown Indicators

	LOFF	IFED	Difference
Max Drawdown Largest peak-to-trough decline	-70.97%	-22.36%	-48.61%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.04%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.36%	—
Current Drawdown Current decline from peak	-70.97%	-15.04%	-55.93%
Average Drawdown Average peak-to-trough decline	-46.12%	-5.81%	-40.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.12%	—

Volatility

Volatility by Period

	LOFF	IFED	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	21.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.72%	—
Volatility (1Y) Calculated over the trailing 1-year period	169.72%	26.03%	+143.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	169.72%	21.75%	+147.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	169.72%	21.75%	+147.97%

LOFF vs. IFED - Expense Ratio Comparison

LOFF has a 0.97% expense ratio, which is higher than IFED's 0.45% expense ratio.

Dividends

LOFF vs. IFED - Dividend Comparison

LOFF's dividend yield for the trailing twelve months is around 0.09%, while IFED has not paid dividends to shareholders.

Position	TTM
IFED ETRACS IFED Invest with the Fed TR Index ETN	0.00%
LOFF Direxion Daily SpaceX Bull 2X ETF	0.09%

Frequently Asked Questions

Can I hold both LOFF and IFED in my portfolio?

LOFF and IFED have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LOFF or IFED?

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.

Which ETF is cheaper, LOFF or IFED?

IFED is cheaper with a 0.45% expense ratio, compared with 0.97% for LOFF.

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

LOFF has the higher dividend yield at 0.09%, compared with 0.00% for IFED.

What is the main difference between LOFF and IFED?

They also come from different issuers: Direxion and UBS. Their fees differ too: 0.97% for LOFF and 0.45% for IFED.