PLUL vs. IFED

Last updated Aug 1, 2026

PLUL (Leverage Shares 2X Long PLUG Daily ETF) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds - PLUL tracks the Plug Power Inc. (PLUG) while IFED tracks the IFED Large-Cap US Equity Index - Benchmark TR Gross. Both are passively managed. Their 0.20 correlation means their historical movements had little consistent relationship. PLUL charges 0.75%/yr vs 0.45%/yr for IFED.

Performance

PLUL vs. IFED - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long PLUG Daily ETF (PLUL) 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

PLUL

• 1D: -2.81%
• 1M: -42.30%
• 6M: -39.57%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

IFED

• 1D: 0.00%
• 1M: 13.92%
• 6M: 14.63%
• YTD: 10.03%
• 1Y: 14.76%
• 3Y*: 18.74%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.40%

*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	$159.79K	$83.84K	$44.71K
PLUL Leverage Shares 2X Long PLUG Daily ETF	$198.99K	$358.88K	$1.33M

PLUL vs. IFED - Yearly Performance Comparison

	2026 (YTD)
PLUL Leverage Shares 2X Long PLUG Daily ETF	-50.55%
IFED ETRACS IFED Invest with the Fed TR Index ETN	9.42%

Correlation

The correlation between PLUL and IFED is 0.20, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 13, 2026	0.20

Return for Risk

PLUL vs. IFED — Risk / Return Rank

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

PLUL

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

IFED

IFED Risk / Return Rank: 24
IFED Sharpe Ratio Rank: 21
IFED Sortino Ratio Rank: 23
IFED Omega Ratio Rank: 30
IFED Calmar Ratio Rank: 22
IFED Martin Ratio Rank: 25

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.

PLUL vs. IFED - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PLUG Daily ETF (PLUL) 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.

	PLUL	IFED	Difference
Sharpe ratio: Return per unit of total volatility	—	0.44	—
Sortino ratio: Return per unit of downside risk	—	0.84	—
Omega ratio: Gain probability vs. loss probability	—	1.14	—
Calmar ratio: Return relative to maximum drawdown	—	0.64	—
Martin ratio: Return relative to average drawdown	—	2.01	—

Drawdowns

PLUL vs. IFED - Drawdown Comparison

The maximum PLUL drawdown since its inception was -81.17%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for PLUL and IFED.

Drawdown Indicators

	PLUL	IFED	Difference
Max Drawdown Largest peak-to-trough decline	-81.17%	-22.36%	-58.81%
Max Drawdown (1Y) Largest decline over 1 year	—	-20.18%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.36%	—
Current Drawdown Current decline from peak	-78.15%	-7.61%	-70.54%
Average Drawdown Average peak-to-trough decline	-35.63%	-5.85%	-29.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.43%	—

Volatility

Volatility by Period

	PLUL	IFED	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	24.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	27.96%	—
Volatility (1Y) Calculated over the trailing 1-year period	175.68%	29.34%	+146.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	175.68%	22.56%	+153.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	175.68%	22.56%	+153.12%

PLUL vs. IFED - Expense Ratio Comparison

PLUL has a 0.75% expense ratio, which is higher than IFED's 0.45% expense ratio.

Dividends

PLUL vs. IFED - Dividend Comparison

Neither PLUL nor IFED has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PLUL and IFED in my portfolio?

PLUL and IFED have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PLUL 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, PLUL or IFED?

IFED is cheaper with a 0.45% expense ratio, compared with 0.75% for PLUL.

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

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

What is the main difference between PLUL and IFED?

PLUL tracks Plug Power Inc. (PLUG), while IFED tracks IFED Large-Cap US Equity Index - Benchmark TR Gross. They also come from different issuers: Leverage Shares and UBS. Their fees differ too: 0.75% for PLUL and 0.45% for IFED.