YSPY vs. IFED

Last updated Jun 5, 2026

YSPY (GraniteShares YieldBOOST SPY ETF) and IFED (ETRACS IFED Invest with the Fed TR Index ETN) are both Leveraged Equities funds. YSPY is actively managed, while IFED is passively managed. Over the past year, YSPY returned 27.34% vs 2.46% for IFED. A 0.62 correlation means they provide meaningful diversification when combined. YSPY charges 1.07%/yr vs 0.45%/yr for IFED.

Performance

YSPY vs. IFED - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST SPY ETF (YSPY) 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, YSPY achieves a 5.57% return, which is significantly higher than IFED's -2.98% return.

YSPY

• 1D: 0.03%
• 1M: 3.66%
• YTD: 5.57%
• 6M: 6.83%
• 1Y: 27.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IFED

• 1D: 0.56%
• 1M: 5.41%
• YTD: -2.98%
• 6M: -2.59%
• 1Y: 2.46%
• 3Y*: 16.94%
• 5Y*: —
• 10Y*: —

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

YSPY vs. IFED - Yearly Performance Comparison

	2026 (YTD)	2025
YSPY GraniteShares YieldBOOST SPY ETF	5.57%	9.17%
IFED ETRACS IFED Invest with the Fed TR Index ETN	-2.98%	9.81%

Correlation

The correlation between YSPY and IFED is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (All Time) Calculated using the full available price history since Feb 27, 2025	0.62

The correlation between YSPY and IFED has been stable across timeframes, ranging from 0.58 to 0.62 - a consistent structural relationship.

Return for Risk

YSPY vs. IFED — Risk / Return Rank

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

YSPY

YSPY Risk / Return Rank: 42
YSPY Sharpe Ratio Rank: 42
YSPY Sortino Ratio Rank: 34
YSPY Omega Ratio Rank: 50
YSPY Calmar Ratio Rank: 38
YSPY Martin Ratio Rank: 44

IFED

IFED Risk / Return Rank: 11
IFED Sharpe Ratio Rank: 11
IFED Sortino Ratio Rank: 11
IFED Omega Ratio Rank: 11
IFED Calmar Ratio Rank: 11
IFED Martin Ratio Rank: 11

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.

YSPY vs. IFED - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST SPY ETF (YSPY) 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.

	YSPY	IFED	Difference
Sharpe ratio: Return per unit of total volatility	1.44	0.15	+1.29
Sortino ratio: Return per unit of downside risk	1.79	0.34	+1.45
Omega ratio: Gain probability vs. loss probability	1.31	1.04	+0.27
Calmar ratio: Return relative to maximum drawdown	1.88	0.17	+1.71
Martin ratio: Return relative to average drawdown	6.96	0.43	+6.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YSPY vs. IFED - Sharpe Ratio Comparison

The current YSPY Sharpe Ratio is 1.44, which is higher than the IFED Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of YSPY 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.

Sharpe Ratios by Period

	YSPY	IFED	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	0.15	+1.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.65	-0.09

Drawdowns

YSPY vs. IFED - Drawdown Comparison

The maximum YSPY drawdown since its inception was -18.74%, smaller than the maximum IFED drawdown of -22.36%. Use the drawdown chart below to compare losses from any high point for YSPY and IFED.

Drawdown Indicators

	YSPY	IFED	Difference
Max Drawdown Largest peak-to-trough decline	-18.74%	-22.36%	+3.62%
Max Drawdown (1Y) Largest decline over 1 year	-14.60%	-14.65%	+0.05%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.36%	—
Current Drawdown Current decline from peak	-0.40%	-4.97%	+4.57%
Average Drawdown Average peak-to-trough decline	-4.99%	-5.84%	+0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.94%	5.76%	-1.82%

Volatility

YSPY vs. IFED - Volatility Comparison

The current volatility for GraniteShares YieldBOOST SPY ETF (YSPY) is 1.11%, while ETRACS IFED Invest with the Fed TR Index ETN (IFED) has a volatility of 4.51%. This indicates that YSPY 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.

Volatility by Period

	YSPY	IFED	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.11%	4.51%	-3.40%
Volatility (6M) Calculated over the trailing 6-month period	14.17%	12.87%	+1.30%
Volatility (1Y) Calculated over the trailing 1-year period	19.08%	16.18%	+2.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.24%	19.87%	+1.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.24%	19.87%	+1.37%

YSPY vs. IFED - Expense Ratio Comparison

YSPY has a 1.07% expense ratio, which is higher than IFED's 0.45% expense ratio.

Dividends

YSPY vs. IFED - Dividend Comparison

YSPY's dividend yield for the trailing twelve months is around 56.96%, 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%
YSPY GraniteShares YieldBOOST SPY ETF	56.96%	45.57%

Frequently Asked Questions

Can I hold both YSPY and IFED in my portfolio?

YSPY and IFED have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YSPY or IFED?

IFED has higher volatility (4.51%) compared to YSPY (1.11%). In terms of maximum drawdown, YSPY dropped -18.74% vs IFED's -22.36%.

Which ETF is better, YSPY or IFED?

On 1-year performance, YSPY leads with 27.34% vs 2.46% for IFED. On fees, IFED is cheaper at 0.45% per year. On volatility, YSPY has been the lower-risk option at 1.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YSPY or IFED?

Over the 1-year period, YSPY has performed better with a 27.34% return vs 2.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YSPY or IFED?

IFED is cheaper with a 0.45% expense ratio, compared with 1.07% for YSPY.

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

YSPY has the higher dividend yield at 56.96%, compared with 0.00% for IFED.

What is the main difference between YSPY and IFED?

They also come from different issuers: GraniteShares and UBS. Their fees differ too: 1.07% for YSPY and 0.45% for IFED.

Which has better risk-adjusted returns?

YSPY currently has the higher Sharpe Ratio (1.44 vs 0.15), 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.