UGE vs. IFED
UGE (ProShares Ultra Consumer Goods) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds - UGE tracks the Dow Jones U.S. Consumer Goods Index (200%) while IFED tracks the IFED Large-Cap US Equity Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, UGE returned 6.30%/yr vs 18.28%/yr for IFED. Their 0.43 correlation means their historical movements had little consistent relationship. UGE charges 0.95%/yr vs 0.45%/yr for IFED.
Performance
UGE vs. IFED - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UGE achieves a 17.97% return, which is significantly higher than IFED's 6.57% return.
UGE
- 1D
- 1.09%
- 1M
- 0.41%
- 6M
- -2.98%
- YTD
- 17.97%
- 1Y
- 9.97%
- 3Y*
- 6.30%
- 5Y*
- -2.42%
- 10Y*
- 8.02%
- ALL TIME*
- 11.27%
IFED
- 1D
- 0.00%
- 1M
- 10.34%
- 6M
- 12.77%
- YTD
- 6.57%
- 1Y
- 9.27%
- 3Y*
- 18.28%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $121.94K | $80.88K | $45.76K | |
| $1.04M | $851.07K | $1.08M |
UGE vs. IFED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UGE ProShares Ultra Consumer Goods | 17.97% | -5.21% | 16.40% | 2.38% | -46.78% | 25.92% |
IFED ETRACS IFED Invest with the Fed TR Index ETN | 6.57% | 15.02% | 23.04% | 20.78% | -1.46% | 8.46% |
Correlation
The correlation between UGE and IFED is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021 | 0.43 |
The correlation between UGE and IFED shifts across timeframes, from -0.06 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UGE vs. IFED — Risk / Return Rank
UGE
IFED
UGE vs. IFED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Goods (UGE) 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.
| UGE | IFED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.11 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.53 | 0.46 | +0.07 |
| Martin ratioReturn relative to average drawdown | 0.86 | 1.43 | -0.57 |
Loading charts...
Drawdowns
UGE vs. IFED - Drawdown Comparison
The maximum UGE drawdown since its inception was -71.36%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for UGE and IFED.
Loading charts...
Drawdown Indicators
| UGE | IFED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.36% | -22.36% | -49.00% |
Max Drawdown (1Y)Largest decline over 1 year | -18.95% | -20.18% | +1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -22.81% | -22.36% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -56.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -57.14% | — | — |
Current DrawdownCurrent decline from peak | -33.35% | -10.51% | -22.84% |
Average DrawdownAverage peak-to-trough decline | -18.86% | -5.85% | -13.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.59% | 6.50% | +5.09% |
Volatility
UGE vs. IFED - Volatility Comparison
The current volatility for ProShares Ultra Consumer Goods (UGE) is 11.70%, while ETRACS IFED Invest with the Fed TR Index ETN (IFED) has a volatility of 24.37%. This indicates that UGE experiences smaller price fluctuations and is considered to be less risky than IFED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UGE | IFED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.70% | 24.37% | -12.67% |
Volatility (6M)Calculated over the trailing 6-month period | 23.05% | 28.12% | -5.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.29% | 29.47% | -1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.87% | 22.59% | +9.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.26% | 22.59% | +10.67% |
UGE vs. IFED - Expense Ratio Comparison
UGE has a 0.95% expense ratio, which is higher than IFED's 0.45% expense ratio.
Dividends
UGE vs. IFED - Dividend Comparison
UGE's dividend yield for the trailing twelve months is around 2.07%, while IFED has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
UGE ProShares Ultra Consumer Goods | 2.07% | 2.54% | 1.43% | 1.20% | 0.74% | 0.20% | 0.41% | 0.86% | 0.76% | 0.68% | 0.76% | 0.60% |
Frequently Asked Questions
UGE and IFED have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IFED has higher volatility (24.37%) compared to UGE (11.70%). In terms of maximum drawdown, UGE dropped -71.36% vs IFED's -22.36%.
On 3-year performance, IFED leads with 18.28% vs 6.30% for UGE. On fees, IFED is cheaper at 0.45% per year. On volatility, UGE has been the lower-risk option at 11.70%. 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 18.28% return vs 6.30%. 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 UGE.
UGE has the higher dividend yield at 2.07%, compared with 0.00% for IFED.
UGE tracks Dow Jones U.S. Consumer Goods Index (200%), 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 UGE and 0.45% for IFED.
UGE currently has the higher Sharpe Ratio (0.35 vs 0.32), 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.
Find the right allocation for UGE and IFED
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer