UPSG vs. IFED
UPSG (Leverage Shares 2X Long UPS Daily ETF) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds. UPSG is actively managed, while IFED is passively managed. At a 0.31 correlation, their price movements are largely independent. UPSG charges 0.75%/yr vs 0.45%/yr for IFED.
Performance
UPSG vs. IFED - Performance Comparison
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Returns By Period
In the year-to-date period, UPSG achieves a 16.33% return, which is significantly higher than IFED's -3.52% return.
UPSG
- 1D
- -0.13%
- 1M
- 30.08%
- YTD
- 16.33%
- 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*
- —
UPSG vs. IFED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UPSG Leverage Shares 2X Long UPS Daily ETF | 16.33% | -2.59% |
IFED ETRACS IFED Invest with the Fed TR Index ETN | -3.52% | -1.29% |
Correlation
The correlation between UPSG and IFED is 0.31, 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 Dec 12, 2025 | 0.31 |
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Return for Risk
UPSG vs. IFED — Risk / Return Rank
UPSG
IFED
UPSG vs. IFED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long UPS Daily ETF (UPSG) 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
| UPSG | 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 | 0.52 | 0.65 | -0.12 |
Drawdowns
UPSG vs. IFED - Drawdown Comparison
The maximum UPSG drawdown since its inception was -37.29%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for UPSG and IFED.
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Drawdown Indicators
| UPSG | IFED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.29% | -22.36% | -14.93% |
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 | -18.43% | -5.50% | -12.93% |
Average DrawdownAverage peak-to-trough decline | -16.93% | -5.84% | -11.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.75% | — |
Volatility
UPSG vs. IFED - Volatility Comparison
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Volatility by Period
| UPSG | 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 | 58.91% | 16.21% | +42.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.91% | 19.88% | +39.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.91% | 19.88% | +39.03% |
UPSG vs. IFED - Expense Ratio Comparison
UPSG has a 0.75% expense ratio, which is higher than IFED's 0.45% expense ratio.
Dividends
UPSG vs. IFED - Dividend Comparison
Neither UPSG nor IFED has paid dividends to shareholders.
Frequently Asked Questions
UPSG and IFED have a correlation of 0.31, 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 UPSG.
UPSG and IFED have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and UBS. Their fees differ too: 0.75% for UPSG and 0.45% for IFED.
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