RXD vs. IFED
RXD (ProShares UltraShort Health Care) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds - RXD tracks the DJ Global United States (All) / Health Care -IND (-200%) while IFED tracks the IFED Large-Cap US Equity Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, RXD returned -10.78%/yr vs 14.75%/yr for IFED. At a correlation of -0.51, they often move in opposite directions. RXD charges 0.95%/yr vs 0.45%/yr for IFED.
Performance
RXD vs. IFED - Performance Comparison
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Returns By Period
In the year-to-date period, RXD achieves a -9.19% return, which is significantly lower than IFED's -2.92% return.
RXD
- 1D
- -4.64%
- 1M
- -12.05%
- 6M
- -7.00%
- YTD
- -9.19%
- 1Y
- -31.61%
- 3Y*
- -10.78%
- 5Y*
- -8.36%
- 10Y*
- -19.81%
IFED
- 1D
- 0.81%
- 1M
- -0.83%
- 6M
- -2.70%
- YTD
- -2.92%
- 1Y
- 0.79%
- 3Y*
- 14.75%
- 5Y*
- —
- 10Y*
- —
RXD vs. IFED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RXD ProShares UltraShort Health Care | -9.19% | -21.66% | 4.83% | 3.25% | 1.20% | -11.43% |
IFED ETRACS IFED Invest with the Fed TR Index ETN | -2.92% | 15.02% | 23.04% | 20.78% | -1.46% | 8.46% |
Correlation
The correlation between RXD and IFED is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021 | -0.51 |
Over the past year, the inverse relationship between RXD and IFED has weakened: their correlation has moved from -0.51 to -0.30, meaning they move in opposite directions less often than they have historically.
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Return for Risk
RXD vs. IFED — Risk / Return Rank
RXD
IFED
RXD vs. IFED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Health Care (RXD) 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.
| RXD | IFED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.02 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 0.05 | -0.87 |
| Martin ratioReturn relative to average drawdown | -1.29 | 0.13 | -1.42 |
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Drawdowns
RXD vs. IFED - Drawdown Comparison
The maximum RXD drawdown since its inception was -99.67%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for RXD and IFED.
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Drawdown Indicators
| RXD | IFED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.67% | -22.36% | -77.31% |
Max Drawdown (1Y)Largest decline over 1 year | -38.77% | -14.65% | -24.12% |
Max Drawdown (3Y)Largest decline over 3 years | -40.62% | -22.36% | -18.26% |
Max Drawdown (5Y)Largest decline over 5 years | -44.27% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -91.23% | — | — |
Current DrawdownCurrent decline from peak | -99.66% | -4.91% | -94.75% |
Average DrawdownAverage peak-to-trough decline | -81.96% | -5.83% | -76.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.61% | 6.04% | +18.57% |
Volatility
RXD vs. IFED - Volatility Comparison
ProShares UltraShort Health Care (RXD) has a higher volatility of 12.04% compared to ETRACS IFED Invest with the Fed TR Index ETN (IFED) at 6.87%. This indicates that RXD'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.
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Volatility by Period
| RXD | IFED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.04% | 6.87% | +5.17% |
Volatility (6M)Calculated over the trailing 6-month period | 23.68% | 15.11% | +8.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.49% | 17.72% | +13.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.25% | 20.00% | +10.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.07% | 20.00% | +13.07% |
RXD vs. IFED - Expense Ratio Comparison
RXD has a 0.95% expense ratio, which is higher than IFED's 0.45% expense ratio.
Dividends
RXD vs. IFED - Dividend Comparison
RXD's dividend yield for the trailing twelve months is around 3.27%, while IFED has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IFED ETRACS IFED Invest with the Fed TR Index ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RXD ProShares UltraShort Health Care | 3.27% | 3.29% | 4.36% | 3.17% | 0.67% | 0.00% | 0.17% | 1.73% | 0.22% |
Frequently Asked Questions
RXD and IFED have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RXD has higher volatility (12.04%) compared to IFED (6.87%). In terms of maximum drawdown, RXD dropped -99.67% vs IFED's -22.36%.
On 3-year performance, IFED leads with 14.75% vs -10.78% for RXD. On fees, IFED is cheaper at 0.45% per year. On volatility, IFED has been the lower-risk option at 6.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IFED has performed better with a 14.75% return vs -10.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IFED is cheaper with a 0.45% expense ratio, compared with 0.95% for RXD.
RXD has the higher dividend yield at 3.27%, compared with 0.00% for IFED.
RXD tracks DJ Global United States (All) / Health Care -IND (-200%), while IFED tracks IFED Large-Cap US Equity Index - Benchmark TR Gross. They also come from different issuers: ProShares and UBS. Their fees differ too: 0.95% for RXD and 0.45% for IFED.
IFED currently has the higher Sharpe Ratio (0.04 vs -1.01), 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.
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