TERG vs. IFED

Last updated Jun 4, 2026

TERG (Leverage Shares 2X Long TER Daily ETF) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds. TERG is actively managed, while IFED is passively managed. At a 0.21 correlation, their price movements are largely independent. TERG charges 0.75%/yr vs 0.45%/yr for IFED.

Performance

TERG vs. IFED - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long TER Daily ETF (TERG) 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, TERG achieves a 229.64% return, which is significantly higher than IFED's -3.52% return.

TERG

• 1D: 8.49%
• 1M: 39.95%
• YTD: 229.64%
• 6M: 218.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IFED

• 1D: -1.24%
• 1M: 4.85%
• YTD: -3.52%
• 6M: -3.51%
• 1Y: 1.97%
• 3Y*: 16.71%
• 5Y*: —
• 10Y*: —

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

TERG vs. IFED - Yearly Performance Comparison

	2026 (YTD)	2025
TERG Leverage Shares 2X Long TER Daily ETF	229.64%	28.17%
IFED ETRACS IFED Invest with the Fed TR Index ETN	-3.52%	2.51%

Correlation

The correlation between TERG and IFED is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.21

Return for Risk

TERG vs. IFED — Risk / Return Rank

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

IFED

IFED Risk / Return Rank: 10
IFED Sharpe Ratio Rank: 10
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.

TERG vs. IFED - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	TERG	IFED	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	9.90	0.65	+9.25

Drawdowns

TERG vs. IFED - Drawdown Comparison

The maximum TERG drawdown since its inception was -49.52%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for TERG and IFED.

Drawdown Indicators

	TERG	IFED	Difference
Max Drawdown Largest peak-to-trough decline	-49.52%	-22.36%	-27.16%
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	-15.98%	-5.50%	-10.48%
Average Drawdown Average peak-to-trough decline	-13.73%	-5.84%	-7.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.75%	—

Volatility

Volatility by Period

	TERG	IFED	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	139.25%	16.21%	+123.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	139.25%	19.88%	+119.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	139.25%	19.88%	+119.37%

TERG vs. IFED - Expense Ratio Comparison

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

Dividends

TERG vs. IFED - Dividend Comparison

Neither TERG nor IFED has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TERG and IFED in my portfolio?

TERG and IFED have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TERG 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, TERG or IFED?

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

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

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

What is the main difference between TERG and IFED?

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