WEBS vs. IFED
WEBS (Daily Dow Jones Internet Bear 3X Shares) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds - WEBS tracks the Dow Jones Internet Composite Index (300%) while IFED tracks the IFED Large-Cap US Equity Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, WEBS returned -45.46%/yr vs 17.39%/yr for IFED. At a correlation of -0.72, they often move in opposite directions. WEBS charges 1.07%/yr vs 0.45%/yr for IFED.
Performance
WEBS vs. IFED - Performance Comparison
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Returns By Period
In the year-to-date period, WEBS achieves a 8.23% return, which is significantly higher than IFED's -0.67% return.
WEBS
- 1D
- 4.12%
- 1M
- 20.33%
- YTD
- 8.23%
- 6M
- 12.06%
- 1Y
- -3.46%
- 3Y*
- -45.46%
- 5Y*
- -30.51%
- 10Y*
- —
IFED
- 1D
- 4.16%
- 1M
- 5.15%
- YTD
- -0.67%
- 6M
- -1.84%
- 1Y
- 4.90%
- 3Y*
- 17.39%
- 5Y*
- —
- 10Y*
- —
WEBS vs. IFED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WEBS Daily Dow Jones Internet Bear 3X Shares | 8.23% | -40.66% | -56.62% | -75.58% | 117.15% | 15.34% |
IFED ETRACS IFED Invest with the Fed TR Index ETN | -0.67% | 15.02% | 23.04% | 20.78% | -1.46% | 8.46% |
Correlation
The correlation between WEBS and IFED is -0.75, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021 | -0.72 |
The correlation between WEBS and IFED has been stable across timeframes, ranging from -0.75 to -0.72 - a consistent structural relationship.
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Return for Risk
WEBS vs. IFED — Risk / Return Rank
WEBS
IFED
WEBS vs. IFED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Daily Dow Jones Internet Bear 3X Shares (WEBS) 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.
| WEBS | IFED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.07 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 0.34 | -0.40 |
| Martin ratioReturn relative to average drawdown | -0.16 | 0.83 | -0.99 |
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Drawdowns
WEBS vs. IFED - Drawdown Comparison
The maximum WEBS drawdown since its inception was -99.63%, which is greater than IFED's maximum drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for WEBS and IFED.
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Drawdown Indicators
| WEBS | IFED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.63% | -22.36% | -77.27% |
Max Drawdown (1Y)Largest decline over 1 year | -53.54% | -14.65% | -38.89% |
Max Drawdown (3Y)Largest decline over 3 years | -90.33% | -22.36% | -67.97% |
Max Drawdown (5Y)Largest decline over 5 years | -97.09% | — | — |
Current DrawdownCurrent decline from peak | -99.48% | -2.71% | -96.77% |
Average DrawdownAverage peak-to-trough decline | -91.11% | -5.83% | -85.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.78% | 5.90% | +16.88% |
Volatility
WEBS vs. IFED - Volatility Comparison
Daily Dow Jones Internet Bear 3X Shares (WEBS) has a higher volatility of 22.31% compared to ETRACS IFED Invest with the Fed TR Index ETN (IFED) at 7.96%. This indicates that WEBS'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.
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Volatility by Period
| WEBS | IFED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.31% | 7.96% | +14.35% |
Volatility (6M)Calculated over the trailing 6-month period | 46.50% | 14.49% | +32.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.59% | 17.38% | +42.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.14% | 20.00% | +62.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.73% | 20.00% | +69.73% |
WEBS vs. IFED - Expense Ratio Comparison
WEBS has a 1.07% expense ratio, which is higher than IFED's 0.45% expense ratio.
Dividends
WEBS vs. IFED - Dividend Comparison
WEBS's dividend yield for the trailing twelve months is around 2.53%, while IFED has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
WEBS Daily Dow Jones Internet Bear 3X Shares | 2.53% | 3.77% | 8.02% | 8.51% | 0.20% | 0.00% | 1.11% | 0.11% |
Frequently Asked Questions
WEBS and IFED have a correlation of -0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WEBS has higher volatility (22.31%) compared to IFED (7.96%). In terms of maximum drawdown, WEBS dropped -99.63% vs IFED's -22.36%.
On 3-year performance, IFED leads with 17.39% vs -45.46% for WEBS. On fees, IFED is cheaper at 0.45% per year. On volatility, IFED has been the lower-risk option at 7.96%. 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 17.39% return vs -45.46%. 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 1.07% for WEBS.
WEBS has the higher dividend yield at 2.53%, compared with 0.00% for IFED.
WEBS tracks Dow Jones Internet Composite Index (300%), 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: 1.07% for WEBS and 0.45% for IFED.
IFED currently has the higher Sharpe Ratio (0.28 vs -0.06), 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.
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