QQXL vs. IFED
QQXL (ProShares Ultra QQQ Top 30) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds. QQXL is actively managed, while IFED is passively managed. At a 0.49 correlation, their price movements are largely independent. QQXL charges 0.95%/yr vs 0.45%/yr for IFED.
Performance
QQXL vs. IFED - Performance Comparison
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Returns By Period
In the year-to-date period, QQXL achieves a 41.81% return, which is significantly higher than IFED's -2.98% return.
QQXL
- 1D
- -1.36%
- 1M
- 16.51%
- YTD
- 41.81%
- 6M
- 39.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IFED
- 1D
- 0.56%
- 1M
- 5.41%
- YTD
- -2.98%
- 6M
- -2.59%
- 1Y
- 2.46%
- 3Y*
- 16.94%
- 5Y*
- —
- 10Y*
- —
QQXL vs. IFED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQXL ProShares Ultra QQQ Top 30 | 41.81% | 8.66% |
IFED ETRACS IFED Invest with the Fed TR Index ETN | -2.98% | 3.35% |
Correlation
The correlation between QQXL and IFED is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 18, 2025 | 0.49 |
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Return for Risk
QQXL vs. IFED — Risk / Return Rank
QQXL
IFED
QQXL vs. IFED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra QQQ Top 30 (QQXL) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| QQXL | IFED | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.95 | 0.65 | +1.30 |
Drawdowns
QQXL vs. IFED - Drawdown Comparison
The maximum QQXL drawdown since its inception was -27.34%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for QQXL and IFED.
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Drawdown Indicators
| QQXL | IFED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.34% | -22.36% | -4.98% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.65% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.36% | — |
Current DrawdownCurrent decline from peak | -1.84% | -4.97% | +3.13% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -5.84% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.76% | — |
Volatility
QQXL vs. IFED - Volatility Comparison
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Volatility by Period
| QQXL | IFED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.51% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.87% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 36.93% | 16.18% | +20.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.93% | 19.87% | +17.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.93% | 19.87% | +17.06% |
QQXL vs. IFED - Expense Ratio Comparison
QQXL has a 0.95% expense ratio, which is higher than IFED's 0.45% expense ratio.
Dividends
QQXL vs. IFED - Dividend Comparison
QQXL's dividend yield for the trailing twelve months is around 0.45%, while IFED has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
IFED ETRACS IFED Invest with the Fed TR Index ETN | 0.00% | 0.00% |
QQXL ProShares Ultra QQQ Top 30 | 0.45% | 0.08% |
Frequently Asked Questions
QQXL and IFED have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
IFED is cheaper with a 0.45% expense ratio, compared with 0.95% for QQXL.
QQXL has the higher dividend yield at 0.45%, compared with 0.00% for IFED.
They also come from different issuers: ProShares and UBS. Their fees differ too: 0.95% for QQXL and 0.45% for IFED.
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