SDOW vs. IFED
SDOW (ProShares UltraPro Short Dow30) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds - SDOW tracks the Dow Jones Industrial Average (-300%) while IFED tracks the IFED Large-Cap US Equity Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, SDOW returned -31.29%/yr vs 18.74%/yr for IFED. Their -0.76 correlation means they have often moved in opposite directions in the past. SDOW charges 0.95%/yr vs 0.45%/yr for IFED.
Performance
SDOW vs. IFED - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SDOW achieves a -23.66% return, which is significantly lower than IFED's 10.03% return.
SDOW
- 1D
- -1.40%
- 1M
- 2.39%
- 6M
- -19.90%
- YTD
- -23.66%
- 1Y
- -42.17%
- 3Y*
- -31.29%
- 5Y*
- -25.49%
- 10Y*
- -37.90%
- ALL TIME*
- -38.23%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $159.79K | $83.84K | $44.71K | |
| $85.35M | $79.85M | $111.34M |
SDOW vs. IFED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SDOW ProShares UltraPro Short Dow30 | -23.66% | -33.94% | -25.95% | -28.78% | 4.00% | -18.03% |
IFED ETRACS IFED Invest with the Fed TR Index ETN | 10.03% | 15.02% | 23.04% | 20.78% | -1.46% | 8.46% |
Correlation
The correlation between SDOW and IFED is -0.56, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.56 |
Correlation (3Y) Balances recent behavior with more history. | -0.68 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021 | -0.76 |
Over the past year, the inverse relationship between SDOW and IFED has weakened: their correlation has moved from -0.76 to -0.56, meaning they move in opposite directions less often than they have historically.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SDOW vs. IFED — Risk / Return Rank
SDOW
IFED
SDOW vs. IFED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short Dow30 (SDOW) 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.
| SDOW | IFED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -2.41 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.14 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 0.64 | -1.55 |
| Martin ratioReturn relative to average drawdown | -1.48 | 2.01 | -3.49 |
Loading charts...
Drawdowns
SDOW vs. IFED - Drawdown Comparison
The maximum SDOW drawdown since its inception was -99.97%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for SDOW and IFED.
Loading charts...
Drawdown Indicators
| SDOW | IFED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -22.36% | -77.61% |
Max Drawdown (1Y)Largest decline over 1 year | -44.20% | -20.18% | -24.02% |
Max Drawdown (3Y)Largest decline over 3 years | -76.85% | -22.36% | -54.49% |
Max Drawdown (5Y)Largest decline over 5 years | -84.05% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.21% | — | — |
Current DrawdownCurrent decline from peak | -99.96% | -7.61% | -92.35% |
Average DrawdownAverage peak-to-trough decline | -89.65% | -5.85% | -83.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.97% | 6.43% | +20.54% |
Volatility
SDOW vs. IFED - Volatility Comparison
The current volatility for ProShares UltraPro Short Dow30 (SDOW) is 10.82%, while ETRACS IFED Invest with the Fed TR Index ETN (IFED) has a volatility of 24.07%. This indicates that SDOW experiences smaller price fluctuations and is considered to be less risky than IFED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SDOW | IFED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.82% | 24.07% | -13.25% |
Volatility (6M)Calculated over the trailing 6-month period | 29.51% | 27.96% | +1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.41% | 29.34% | +8.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.40% | 22.56% | +21.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.11% | 22.56% | +29.55% |
SDOW vs. IFED - Expense Ratio Comparison
SDOW has a 0.95% expense ratio, which is higher than IFED's 0.45% expense ratio.
Dividends
SDOW vs. IFED - Dividend Comparison
SDOW's dividend yield for the trailing twelve months is around 5.43%, while IFED has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
SDOW ProShares UltraPro Short Dow30 | 5.43% | 5.80% | 8.30% | 5.38% | 0.36% | 0.00% | 0.52% | 2.17% | 1.23% | 0.09% |
Frequently Asked Questions
SDOW and IFED have a correlation of -0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IFED has higher volatility (24.07%) compared to SDOW (10.82%). In terms of maximum drawdown, SDOW dropped -99.97% vs IFED's -22.36%.
On 3-year performance, IFED leads with 18.74% vs -31.29% for SDOW. On fees, IFED is cheaper at 0.45% per year. On volatility, SDOW has been the lower-risk option at 10.82%. 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 18.74% return vs -31.29%. 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 SDOW.
SDOW has the higher dividend yield at 5.43%, compared with 0.00% for IFED.
SDOW tracks Dow Jones Industrial Average (-300%), 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 SDOW and 0.45% for IFED.
IFED currently has the higher Sharpe Ratio (0.44 vs -1.07), 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.
Find the right allocation for SDOW and IFED
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer