NRGD vs. IFED

Last updated Aug 4, 2026

NRGD (MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds - NRGD tracks the Solactive MicroSectors U.S. Big Oil Index (-300%) while IFED tracks the IFED Large-Cap US Equity Index - Benchmark TR Gross. Both are passively managed. Over the past year, NRGD returned -79.81% vs 11.16% for IFED. Their -0.07 correlation means they have often moved in opposite directions in the past. NRGD charges 0.95%/yr vs 0.45%/yr for IFED.

Performance

NRGD vs. IFED - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) 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, NRGD achieves a -75.22% return, which is significantly lower than IFED's 6.57% return.

NRGD

• 1D: 5.43%
• 1M: -35.72%
• 6M: -66.58%
• YTD: -75.22%
• 1Y: -79.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -71.78%

IFED

• 1D: -3.14%
• 1M: 10.34%
• 6M: 10.05%
• YTD: 6.57%
• 1Y: 11.16%
• 3Y*: 18.28%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.62%

*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	$137.39K	$84.48K	$45.67K
NRGD MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN	$625.37K	$556.49K	$704.40K

NRGD vs. IFED - Yearly Performance Comparison

	2026 (YTD)	2025
NRGD MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN	-75.22%	-35.40%
IFED ETRACS IFED Invest with the Fed TR Index ETN	6.57%	4.64%

Correlation

The correlation between NRGD and IFED is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.02
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	-0.07

Return for Risk

NRGD vs. IFED — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NRGD

NRGD Risk / Return Rank: 1
NRGD Sharpe Ratio Rank: 1
NRGD Sortino Ratio Rank: 0
NRGD Omega Ratio Rank: 0
NRGD Calmar Ratio Rank: 1
NRGD Martin Ratio Rank: 1

IFED

IFED Risk / Return Rank: 22
IFED Sharpe Ratio Rank: 19
IFED Sortino Ratio Rank: 21
IFED Omega Ratio Rank: 27
IFED Calmar Ratio Rank: 20
IFED Martin Ratio Rank: 23

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NRGD vs. IFED - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) 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.

	NRGD	IFED	Difference
Sharpe ratio: Return per unit of total volatility	-1.05	0.38	-1.43
Sortino ratio: Return per unit of downside risk	-2.30	0.75	-3.05
Omega ratio: Gain probability vs. loss probability	0.76	1.13	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.97	0.56	-1.53
Martin ratio: Return relative to average drawdown	-1.49	1.73	-3.22

NRGD vs. IFED - Sharpe Ratio Comparison

The current NRGD Sharpe Ratio is -1.05, which is lower than the IFED Sharpe Ratio of 0.38. The chart below compares the historical Sharpe Ratios of NRGD 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

NRGD vs. IFED - Drawdown Comparison

The maximum NRGD drawdown since its inception was -91.37%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for NRGD and IFED.

Drawdown Indicators

	NRGD	IFED	Difference
Max Drawdown Largest peak-to-trough decline	-91.37%	-22.36%	-69.01%
Max Drawdown (1Y) Largest decline over 1 year	-82.12%	-20.18%	-61.94%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.36%	—
Current Drawdown Current decline from peak	-90.90%	-10.51%	-80.39%
Average Drawdown Average peak-to-trough decline	-62.05%	-5.85%	-56.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	53.63%	6.47%	+47.16%

Volatility

NRGD vs. IFED - Volatility Comparison

MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) and ETRACS IFED Invest with the Fed TR Index ETN (IFED) have volatilities of 24.28% and 24.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRGD	IFED	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.28%	24.37%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	60.77%	28.13%	+32.64%
Volatility (1Y) Calculated over the trailing 1-year period	76.09%	29.53%	+46.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.90%	22.60%	+65.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	87.90%	22.60%	+65.30%

NRGD vs. IFED - Expense Ratio Comparison

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

Dividends

NRGD vs. IFED - Dividend Comparison

Neither NRGD nor IFED has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NRGD and IFED in my portfolio?

NRGD and IFED have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NRGD or IFED?

IFED has higher volatility (24.37%) compared to NRGD (24.28%). In terms of maximum drawdown, NRGD dropped -91.37% vs IFED's -22.36%.

Which ETF is better, NRGD or IFED?

On 1-year performance, IFED leads with 11.16% vs -79.81% for NRGD. On fees, IFED is cheaper at 0.45% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NRGD or IFED?

Over the 1-year period, IFED has performed better with a 11.16% return vs -79.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NRGD or IFED?

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

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

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

What is the main difference between NRGD and IFED?

NRGD tracks Solactive MicroSectors U.S. Big Oil Index (-300%), while IFED tracks IFED Large-Cap US Equity Index - Benchmark TR Gross. They also come from different issuers: BMO and UBS. Their fees differ too: 0.95% for NRGD and 0.45% for IFED.

Which has better risk-adjusted returns?

IFED currently has the higher Sharpe Ratio (0.38 vs -1.05), 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.