UNHG vs. IFED
UNHG (Leverage Shares 2x Long UNH Daily ETF) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds. UNHG is actively managed, while IFED is passively managed. At a 0.26 correlation, their price movements are largely independent. UNHG charges 0.75%/yr vs 0.45%/yr for IFED.
Performance
UNHG vs. IFED - Performance Comparison
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Returns By Period
In the year-to-date period, UNHG achieves a 13.58% return, which is significantly higher than IFED's -2.31% return.
UNHG
- 1D
- -1.09%
- 1M
- 3.36%
- YTD
- 13.58%
- 6M
- 17.57%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IFED
- 1D
- -1.64%
- 1M
- 6.11%
- YTD
- -2.31%
- 6M
- -1.82%
- 1Y
- 4.42%
- 3Y*
- 17.19%
- 5Y*
- —
- 10Y*
- —
UNHG vs. IFED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UNHG Leverage Shares 2x Long UNH Daily ETF | 13.58% | 21.72% |
IFED ETRACS IFED Invest with the Fed TR Index ETN | -2.31% | 2.30% |
Correlation
The correlation between UNHG and IFED is 0.26, 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 Jul 23, 2025 | 0.26 |
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Return for Risk
UNHG vs. IFED — Risk / Return Rank
UNHG
IFED
UNHG vs. IFED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Long UNH Daily ETF (UNHG) 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.
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Sharpe Ratios by Period
| UNHG | IFED | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.66 | -0.11 |
Drawdowns
UNHG vs. IFED - Drawdown Comparison
The maximum UNHG drawdown since its inception was -57.00%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for UNHG and IFED.
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Drawdown Indicators
| UNHG | IFED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.00% | -22.36% | -34.64% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.65% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.36% | — |
Current DrawdownCurrent decline from peak | -12.39% | -4.31% | -8.08% |
Average DrawdownAverage peak-to-trough decline | -22.74% | -5.84% | -16.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.74% | — |
Volatility
UNHG vs. IFED - Volatility Comparison
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Volatility by Period
| UNHG | IFED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.24% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.80% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 82.44% | 16.17% | +66.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.44% | 19.88% | +62.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.44% | 19.88% | +62.56% |
UNHG vs. IFED - Expense Ratio Comparison
UNHG has a 0.75% expense ratio, which is higher than IFED's 0.45% expense ratio.
Dividends
UNHG vs. IFED - Dividend Comparison
UNHG's dividend yield for the trailing twelve months is around 9.95%, while IFED has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
IFED ETRACS IFED Invest with the Fed TR Index ETN | 0.00% | 0.00% |
UNHG Leverage Shares 2x Long UNH Daily ETF | 9.95% | 11.30% |
Frequently Asked Questions
UNHG and IFED have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
IFED is cheaper with a 0.45% expense ratio, compared with 0.75% for UNHG.
UNHG has the higher dividend yield at 9.95%, compared with 0.00% for IFED.
They also come from different issuers: Leverage Shares and UBS. Their fees differ too: 0.75% for UNHG and 0.45% for IFED.
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