URAA vs. IFED

Last updated Jul 14, 2026

URAA (Direxion Daily Uranium Industry Bull 2X Shares) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both exchange-traded funds - URAA is a Uranium fund tracking the Solactive United States Uranium and Nuclear Energy ETF Select Index (200%), while IFED is a Leveraged Equities fund tracking the IFED Large-Cap US Equity Index - Benchmark TR Gross. Both are passively managed. Over the past year, URAA returned -9.13% vs 0.61% for IFED. At a 0.37 correlation, their price movements are largely independent. URAA charges 1.28%/yr vs 0.45%/yr for IFED.

Performance

URAA vs. IFED - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Uranium Industry Bull 2X Shares (URAA) 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, URAA achieves a -28.16% return, which is significantly lower than IFED's -3.70% return.

URAA

• 1D: -9.96%
• 1M: -20.39%
• 6M: -49.06%
• YTD: -28.16%
• 1Y: -9.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IFED

• 1D: -0.30%
• 1M: -0.71%
• 6M: -4.23%
• YTD: -3.70%
• 1Y: 0.61%
• 3Y*: 14.90%
• 5Y*: —
• 10Y*: —

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

URAA vs. IFED - Yearly Performance Comparison

	2026 (YTD)	2025	2024
URAA Direxion Daily Uranium Industry Bull 2X Shares	-28.16%	88.33%	-25.73%
IFED ETRACS IFED Invest with the Fed TR Index ETN	-3.70%	15.02%	8.35%

Correlation

The correlation between URAA and IFED is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since Jun 26, 2024	0.37

Return for Risk

URAA vs. IFED — Risk / Return Rank

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

URAA

URAA Risk / Return Rank: 10
URAA Sharpe Ratio Rank: 8
URAA Sortino Ratio Rank: 14
URAA Omega Ratio Rank: 13
URAA Calmar Ratio Rank: 8
URAA Martin Ratio Rank: 8

IFED

IFED Risk / Return Rank: 10
IFED Sharpe Ratio Rank: 10
IFED Sortino Ratio Rank: 9
IFED Omega Ratio Rank: 9
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.

URAA vs. IFED - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Uranium Industry Bull 2X Shares (URAA) 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.

	URAA	IFED	Difference
Sharpe ratio: Return per unit of total volatility	-0.10	0.03	-0.13
Sortino ratio: Return per unit of downside risk	0.56	0.18	+0.38
Omega ratio: Gain probability vs. loss probability	1.06	1.02	+0.04
Calmar ratio: Return relative to maximum drawdown	-0.14	0.04	-0.19
Martin ratio: Return relative to average drawdown	-0.28	0.10	-0.38

URAA vs. IFED - Sharpe Ratio Comparison

The current URAA Sharpe Ratio is -0.10, which is lower than the IFED Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of URAA and IFED, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

URAA vs. IFED - Drawdown Comparison

The maximum URAA drawdown since its inception was -67.45%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for URAA and IFED.

Drawdown Indicators

	URAA	IFED	Difference
Max Drawdown Largest peak-to-trough decline	-67.45%	-22.36%	-45.09%
Max Drawdown (1Y) Largest decline over 1 year	-63.83%	-14.65%	-49.18%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.36%	—
Current Drawdown Current decline from peak	-63.83%	-5.67%	-58.16%
Average Drawdown Average peak-to-trough decline	-28.69%	-5.83%	-22.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.53%	6.01%	+26.52%

Volatility

URAA vs. IFED - Volatility Comparison

Direxion Daily Uranium Industry Bull 2X Shares (URAA) has a higher volatility of 23.10% compared to ETRACS IFED Invest with the Fed TR Index ETN (IFED) at 8.11%. This indicates that URAA's price experiences larger fluctuations and is considered to be riskier than IFED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URAA	IFED	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.10%	8.11%	+14.99%
Volatility (6M) Calculated over the trailing 6-month period	72.99%	15.09%	+57.90%
Volatility (1Y) Calculated over the trailing 1-year period	96.41%	17.79%	+78.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.18%	20.02%	+69.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	89.18%	20.02%	+69.16%

URAA vs. IFED - Expense Ratio Comparison

URAA has a 1.28% expense ratio, which is higher than IFED's 0.45% expense ratio.

Dividends

URAA vs. IFED - Dividend Comparison

URAA's dividend yield for the trailing twelve months is around 14.02%, while IFED has not paid dividends to shareholders.

Position	TTM	2025	2024
IFED ETRACS IFED Invest with the Fed TR Index ETN	0.00%	0.00%	0.00%
URAA Direxion Daily Uranium Industry Bull 2X Shares	14.02%	9.14%	4.36%

Frequently Asked Questions

Can I hold both URAA and IFED in my portfolio?

URAA and IFED have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, URAA or IFED?

URAA has higher volatility (23.10%) compared to IFED (8.11%). In terms of maximum drawdown, URAA dropped -67.45% vs IFED's -22.36%.

Which ETF is better, URAA or IFED?

On 1-year performance, IFED leads with 0.61% vs -9.13% for URAA. On fees, IFED is cheaper at 0.45% per year. On volatility, IFED has been the lower-risk option at 8.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, URAA or IFED?

Over the 1-year period, IFED has performed better with a 0.61% return vs -9.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, URAA or IFED?

IFED is cheaper with a 0.45% expense ratio, compared with 1.28% for URAA.

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

URAA has the higher dividend yield at 14.02%, compared with 0.00% for IFED.

What is the main difference between URAA and IFED?

URAA is categorized as Uranium, while IFED is Leveraged Equities. URAA tracks Solactive United States Uranium and Nuclear Energy ETF Select Index (200%), while IFED tracks IFED Large-Cap US Equity Index - Benchmark TR Gross. They also come from different issuers: Direxion and UBS. Their fees differ too: 1.28% for URAA and 0.45% for IFED.

Which has better risk-adjusted returns?

IFED currently has the higher Sharpe Ratio (0.03 vs -0.10), 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.