SPCH vs. IFED

Last updated Jul 19, 2026

SPCH (Leverage Shares 2X Long SPCX Daily ETF) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds. SPCH is actively managed, while IFED is passively managed. At a correlation of -0.16, they often move in opposite directions. SPCH charges 0.75%/yr vs 0.45%/yr for IFED.

Performance

SPCH vs. IFED - Performance Comparison

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

SPCH

• 1D: -10.92%
• 1M: -58.72%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IFED

• 1D: 8.00%
• 1M: 8.23%
• 6M: 5.97%
• YTD: 4.85%
• 1Y: 7.98%
• 3Y*: 17.42%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPCH vs. IFED - Yearly Performance Comparison

	2026 (YTD)
SPCH Leverage Shares 2X Long SPCX Daily ETF	-57.05%
IFED ETRACS IFED Invest with the Fed TR Index ETN	8.10%

Correlation

The correlation between SPCH and IFED is -0.16, 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 (All Time) Calculated using the full available price history since Jun 15, 2026	-0.16

Return for Risk

SPCH vs. IFED — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPCH

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

IFED

IFED Risk / Return Rank: 18
IFED Sharpe Ratio Rank: 17
IFED Sortino Ratio Rank: 18
IFED Omega Ratio Rank: 18
IFED Calmar Ratio Rank: 18
IFED Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPCH vs. IFED - Risk-Adjusted Trends Comparison

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

	SPCH	IFED	Difference
Sharpe ratio: Return per unit of total volatility	—	0.43	—
Sortino ratio: Return per unit of downside risk	—	0.81	—
Omega ratio: Gain probability vs. loss probability	—	1.10	—
Calmar ratio: Return relative to maximum drawdown	—	0.57	—
Martin ratio: Return relative to average drawdown	—	1.37	—

Drawdowns

SPCH vs. IFED - Drawdown Comparison

The maximum SPCH drawdown since its inception was -65.88%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for SPCH and IFED.

Drawdown Indicators

	SPCH	IFED	Difference
Max Drawdown Largest peak-to-trough decline	-65.88%	-22.36%	-43.52%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.65%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.36%	—
Current Drawdown Current decline from peak	-65.88%	0.00%	-65.88%
Average Drawdown Average peak-to-trough decline	-41.41%	-5.83%	-35.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.04%	—

Volatility

Volatility by Period

	SPCH	IFED	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.34%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.95%	—
Volatility (1Y) Calculated over the trailing 1-year period	168.10%	19.43%	+148.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	168.10%	20.31%	+147.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	168.10%	20.31%	+147.79%

SPCH vs. IFED - Expense Ratio Comparison

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

Dividends

SPCH vs. IFED - Dividend Comparison

Neither SPCH nor IFED has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPCH and IFED in my portfolio?

SPCH and IFED have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPCH 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, SPCH or IFED?

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

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

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

What is the main difference between SPCH and IFED?

They also come from different issuers: Leverage Shares and UBS. Their fees differ too: 0.75% for SPCH and 0.45% for IFED.