TSYX vs. IFED

Last updated Jun 4, 2026

TSYX (TSPY Lift ETF) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds. TSYX is actively managed, while IFED is passively managed. A 0.55 correlation means they provide meaningful diversification when combined. TSYX charges 0.98%/yr vs 0.45%/yr for IFED.

Performance

TSYX vs. IFED - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TSPY Lift ETF (TSYX) 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

TSYX

• 1D: -0.16%
• 1M: 6.87%
• YTD: —
• 6M: —
• 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)

TSYX vs. IFED - Yearly Performance Comparison

	2026 (YTD)
TSYX TSPY Lift ETF	8.70%
IFED ETRACS IFED Invest with the Fed TR Index ETN	-4.79%

Correlation

The correlation between TSYX and IFED is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 8, 2026	0.55

Return for Risk

TSYX 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.

TSYX vs. IFED - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TSPY Lift ETF (TSYX) 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

	TSYX	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	1.28	0.65	+0.63

Drawdowns

TSYX vs. IFED - Drawdown Comparison

The maximum TSYX drawdown since its inception was -13.39%, smaller than the maximum IFED drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for TSYX and IFED.

Drawdown Indicators

	TSYX	IFED	Difference
Max Drawdown Largest peak-to-trough decline	-13.39%	-22.36%	+8.97%
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	-0.16%	-5.50%	+5.34%
Average Drawdown Average peak-to-trough decline	-2.97%	-5.84%	+2.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.75%	—

Volatility

Volatility by Period

	TSYX	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	18.21%	16.21%	+2.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.21%	19.88%	-1.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.21%	19.88%	-1.67%

TSYX vs. IFED - Expense Ratio Comparison

TSYX has a 0.98% expense ratio, which is higher than IFED's 0.45% expense ratio.

Dividends

TSYX vs. IFED - Dividend Comparison

TSYX's dividend yield for the trailing twelve months is around 6.17%, while IFED has not paid dividends to shareholders.

Position	TTM
IFED ETRACS IFED Invest with the Fed TR Index ETN	0.00%
TSYX TSPY Lift ETF	6.17%

Frequently Asked Questions

Can I hold both TSYX and IFED in my portfolio?

TSYX and IFED have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSYX 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, TSYX or IFED?

IFED is cheaper with a 0.45% expense ratio, compared with 0.98% for TSYX.

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

TSYX has the higher dividend yield at 6.17%, compared with 0.00% for IFED.

What is the main difference between TSYX and IFED?

They also come from different issuers: TappAlpha and UBS. Their fees differ too: 0.98% for TSYX and 0.45% for IFED.