TARK vs. IFED

Last updated Jun 24, 2026

TARK (Tradr 2X Long Innovation ETF) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds. TARK is actively managed, while IFED is passively managed. Over the past 3 years, TARK returned 18.03%/yr vs 16.54%/yr for IFED. A 0.68 correlation means they provide meaningful diversification when combined. TARK charges 1.15%/yr vs 0.45%/yr for IFED.

Performance

TARK vs. IFED - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long Innovation ETF (TARK) 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

In the year-to-date period, TARK achieves a -10.45% return, which is significantly lower than IFED's -3.07% return.

TARK

• 1D: -4.11%
• 1M: -0.84%
• YTD: -10.45%
• 6M: -18.36%
• 1Y: 1.64%
• 3Y*: 18.03%
• 5Y*: —
• 10Y*: —

IFED

• 1D: -0.05%
• 1M: 2.47%
• YTD: -3.07%
• 6M: -3.90%
• 1Y: 2.52%
• 3Y*: 16.54%
• 5Y*: —
• 10Y*: —

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

TARK vs. IFED - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TARK Tradr 2X Long Innovation ETF	-10.45%	41.00%	-4.85%	121.37%	-71.31%
IFED ETRACS IFED Invest with the Fed TR Index ETN	-3.07%	15.02%	23.04%	20.78%	-1.07%

Correlation

The correlation between TARK and IFED is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (All Time) Calculated using the full available price history since May 2, 2022	0.68

The correlation between TARK and IFED has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.

Return for Risk

TARK vs. IFED — Risk / Return Rank

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

TARK

TARK Risk / Return Rank: 10
TARK Sharpe Ratio Rank: 9
TARK Sortino Ratio Rank: 12
TARK Omega Ratio Rank: 12
TARK Calmar Ratio Rank: 9
TARK Martin Ratio Rank: 9

IFED

IFED Risk / Return Rank: 10
IFED Sharpe Ratio Rank: 11
IFED Sortino Ratio Rank: 10
IFED Omega Ratio Rank: 10
IFED Calmar Ratio Rank: 10
IFED Martin Ratio Rank: 10

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.

TARK vs. IFED - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Innovation ETF (TARK) 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.

	TARK	IFED	Difference
Sharpe ratio: Return per unit of total volatility	0.02	0.15	-0.13
Sortino ratio: Return per unit of downside risk	0.54	0.34	+0.20
Omega ratio: Gain probability vs. loss probability	1.06	1.04	+0.02
Calmar ratio: Return relative to maximum drawdown	0.03	0.17	-0.14
Martin ratio: Return relative to average drawdown	0.05	0.43	-0.38

TARK vs. IFED - Sharpe Ratio Comparison

The current TARK Sharpe Ratio is 0.02, which is lower than the IFED Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of TARK and IFED, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TARK vs. IFED - Drawdown Comparison

The maximum TARK drawdown since its inception was -77.82%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for TARK and IFED.

Drawdown Indicators

	TARK	IFED	Difference
Max Drawdown Largest peak-to-trough decline	-77.82%	-22.36%	-55.46%
Max Drawdown (1Y) Largest decline over 1 year	-57.57%	-14.65%	-42.92%
Max Drawdown (3Y) Largest decline over 3 years	-65.55%	-22.36%	-43.19%
Current Drawdown Current decline from peak	-41.07%	-5.05%	-36.02%
Average Drawdown Average peak-to-trough decline	-50.80%	-5.83%	-44.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.71%	5.88%	+24.83%

Volatility

TARK vs. IFED - Volatility Comparison

Tradr 2X Long Innovation ETF (TARK) has a higher volatility of 24.92% compared to ETRACS IFED Invest with the Fed TR Index ETN (IFED) at 6.74%. This indicates that TARK'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.

Volatility by Period

	TARK	IFED	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.92%	6.74%	+18.18%
Volatility (6M) Calculated over the trailing 6-month period	53.17%	13.81%	+39.36%
Volatility (1Y) Calculated over the trailing 1-year period	71.40%	16.84%	+54.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.67%	19.92%	+70.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.67%	19.92%	+70.75%

TARK vs. IFED - Expense Ratio Comparison

TARK has a 1.15% expense ratio, which is higher than IFED's 0.45% expense ratio.

Dividends

TARK vs. IFED - Dividend Comparison

TARK's dividend yield for the trailing twelve months is around 33.49%, while IFED has not paid dividends to shareholders.

Position	TTM	2025	2024
IFED ETRACS IFED Invest with the Fed TR Index ETN	0.00%	0.00%	0.00%
TARK Tradr 2X Long Innovation ETF	33.49%	30.00%	0.59%

Frequently Asked Questions

Can I hold both TARK and IFED in my portfolio?

TARK and IFED have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TARK or IFED?

TARK has higher volatility (24.92%) compared to IFED (6.74%). In terms of maximum drawdown, TARK dropped -77.82% vs IFED's -22.36%.

Which ETF is better, TARK or IFED?

On 3-year performance, TARK leads with 18.03% vs 16.54% for IFED. 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.

Which ETF has performed better, TARK or IFED?

Over the 3-year period, TARK has performed better with a 18.03% return vs 16.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TARK or IFED?

IFED is cheaper with a 0.45% expense ratio, compared with 1.15% for TARK.

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

TARK has the higher dividend yield at 33.49%, compared with 0.00% for IFED.

What is the main difference between TARK and IFED?

They also come from different issuers: AXS and UBS. Their fees differ too: 1.15% for TARK and 0.45% for IFED.

Which has better risk-adjusted returns?

IFED currently has the higher Sharpe Ratio (0.15 vs 0.02), 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.