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 -6.72%/yr vs 16.94%/yr for IFED. At a correlation of -0.52, 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 4.25% return, which is significantly higher than IFED's -2.98% return.
RXD
- 1D
- -5.76%
- 1M
- -8.56%
- YTD
- 4.25%
- 6M
- 2.28%
- 1Y
- -22.97%
- 3Y*
- -6.72%
- 5Y*
- -7.99%
- 10Y*
- -19.08%
IFED
- 1D
- 0.56%
- 1M
- 5.41%
- YTD
- -2.98%
- 6M
- -2.59%
- 1Y
- 2.46%
- 3Y*
- 16.94%
- 5Y*
- —
- 10Y*
- —
RXD vs. IFED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RXD ProShares UltraShort Health Care | 4.25% | -21.66% | 4.83% | 3.25% | 1.20% | -10.29% |
IFED ETRACS IFED Invest with the Fed TR Index ETN | -2.98% | 15.02% | 23.04% | 20.78% | -1.46% | 8.46% |
Correlation
The correlation between RXD and IFED is -0.34, 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 | -0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.41 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021 | -0.52 |
The correlation between RXD and IFED shifts across timeframes, from -0.52 (all time) to -0.34 (1 year), reflecting how their relationship changes across market environments.
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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.
| RXD | IFED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.04 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 0.17 | -0.83 |
| Martin ratioReturn relative to average drawdown | -1.04 | 0.43 | -1.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RXD | IFED | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.77 | 0.15 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.65 | 0.65 | -1.31 |
Drawdowns
RXD vs. IFED - Drawdown Comparison
The maximum RXD drawdown since its inception was -99.65%, 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 | -99.65% | -22.36% | -77.29% |
Max Drawdown (1Y)Largest decline over 1 year | -34.63% | -14.65% | -19.98% |
Max Drawdown (3Y)Largest decline over 3 years | -36.60% | -22.36% | -14.24% |
Max Drawdown (5Y)Largest decline over 5 years | -40.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -90.64% | — | — |
Current DrawdownCurrent decline from peak | -99.61% | -4.97% | -94.64% |
Average DrawdownAverage peak-to-trough decline | -81.88% | -5.84% | -76.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.14% | 5.76% | +16.38% |
Volatility
RXD vs. IFED - Volatility Comparison
ProShares UltraShort Health Care (RXD) has a higher volatility of 10.19% compared to ETRACS IFED Invest with the Fed TR Index ETN (IFED) at 4.51%. 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 | 10.19% | 4.51% | +5.68% |
Volatility (6M)Calculated over the trailing 6-month period | 21.87% | 12.87% | +9.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.03% | 16.18% | +13.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.85% | 19.87% | +9.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.00% | 19.87% | +13.13% |
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 2.69%, 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 | 2.69% | 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 -0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RXD has higher volatility (10.19%) compared to IFED (4.51%). In terms of maximum drawdown, RXD dropped -99.65% vs IFED's -22.36%.
On 3-year performance, IFED leads with 16.94% vs -6.72% for RXD. On fees, IFED is cheaper at 0.45% per year. On volatility, IFED has been the lower-risk option at 4.51%. 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 16.94% return vs -6.72%. 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 2.69%, 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 (0.15 vs -0.77), 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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