SRTY vs. IFED
SRTY (ProShares UltraPro Short Russell2000) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds - SRTY tracks the Russell 2000 Index (-300%) while IFED tracks the IFED Large-Cap US Equity Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, SRTY returned -47.20%/yr vs 16.54%/yr for IFED. At a correlation of -0.78, they often move in opposite directions. SRTY charges 0.95%/yr vs 0.45%/yr for IFED.
Performance
SRTY vs. IFED - Performance Comparison
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Returns By Period
In the year-to-date period, SRTY achieves a -46.00% return, which is significantly lower than IFED's -3.07% return.
SRTY
- 1D
- 2.94%
- 1M
- -11.85%
- YTD
- -46.00%
- 6M
- -41.91%
- 1Y
- -67.40%
- 3Y*
- -47.20%
- 5Y*
- -31.09%
- 10Y*
- -44.65%
IFED
- 1D
- -0.05%
- 1M
- 2.47%
- YTD
- -3.07%
- 6M
- -3.90%
- 1Y
- 2.52%
- 3Y*
- 16.54%
- 5Y*
- —
- 10Y*
- —
SRTY vs. IFED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SRTY ProShares UltraPro Short Russell2000 | -46.00% | -40.55% | -32.91% | -42.02% | 28.99% | -13.30% |
IFED ETRACS IFED Invest with the Fed TR Index ETN | -3.07% | 15.02% | 23.04% | 20.78% | -1.46% | 8.46% |
Correlation
The correlation between SRTY and IFED is -0.60, 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 | -0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.72 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021 | -0.78 |
The correlation between SRTY and IFED shifts across timeframes, from -0.78 (all time) to -0.60 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SRTY vs. IFED — Risk / Return Rank
SRTY
IFED
SRTY vs. IFED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short Russell2000 (SRTY) 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.
| SRTY | IFED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -2.46 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.04 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 0.17 | -1.16 |
| Martin ratioReturn relative to average drawdown | -1.56 | 0.43 | -1.99 |
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Drawdowns
SRTY vs. IFED - Drawdown Comparison
The maximum SRTY drawdown since its inception was -100.00%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for SRTY and IFED.
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Drawdown Indicators
| SRTY | IFED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -22.36% | -77.64% |
Max Drawdown (1Y)Largest decline over 1 year | -68.17% | -14.65% | -53.52% |
Max Drawdown (3Y)Largest decline over 3 years | -89.46% | -22.36% | -67.10% |
Max Drawdown (5Y)Largest decline over 5 years | -91.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.76% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -5.05% | -94.95% |
Average DrawdownAverage peak-to-trough decline | -94.14% | -5.83% | -88.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.57% | 5.88% | +37.69% |
Volatility
SRTY vs. IFED - Volatility Comparison
ProShares UltraPro Short Russell2000 (SRTY) has a higher volatility of 19.61% compared to ETRACS IFED Invest with the Fed TR Index ETN (IFED) at 6.74%. This indicates that SRTY'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
| SRTY | IFED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.61% | 6.74% | +12.87% |
Volatility (6M)Calculated over the trailing 6-month period | 43.09% | 13.81% | +29.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.89% | 16.84% | +42.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.68% | 19.92% | +47.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.42% | 19.92% | +48.50% |
SRTY vs. IFED - Expense Ratio Comparison
SRTY has a 0.95% expense ratio, which is higher than IFED's 0.45% expense ratio.
Dividends
SRTY vs. IFED - Dividend Comparison
SRTY's dividend yield for the trailing twelve months is around 10.12%, 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% |
SRTY ProShares UltraPro Short Russell2000 | 10.12% | 6.87% | 9.40% | 4.93% | 0.17% | 0.00% | 0.95% | 2.13% | 0.70% | 0.04% |
Frequently Asked Questions
SRTY and IFED have a correlation of -0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SRTY has higher volatility (19.61%) compared to IFED (6.74%). In terms of maximum drawdown, SRTY dropped -100.00% vs IFED's -22.36%.
On 3-year performance, IFED leads with 16.54% vs -47.20% for SRTY. On fees, IFED is cheaper at 0.45% per year. On volatility, IFED has been the lower-risk option at 6.74%. 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 16.54% return vs -47.20%. 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 SRTY.
SRTY has the higher dividend yield at 10.12%, compared with 0.00% for IFED.
SRTY tracks Russell 2000 Index (-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 SRTY and 0.45% for IFED.
IFED currently has the higher Sharpe Ratio (0.15 vs -1.15), 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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