YSPY vs. IFED

Last updated Apr 2, 2026

Compare and contrast key facts about GraniteShares YieldBOOST SPY ETF (YSPY) and ETRACS IFED Invest with the Fed TR Index ETN (IFED).

YSPY and IFED are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YSPY is an actively managed fund by GraniteShares. It was launched on Feb 25, 2025. IFED is a passively managed fund by UBS that tracks the performance of the IFED Large-Cap US Equity Index - Benchmark TR Gross. It was launched on Sep 14, 2021.

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.

YSPY vs. IFED - Yearly Performance Comparison

	2026 (YTD)	2025
YSPY GraniteShares YieldBOOST SPY ETF	-6.65%	9.17%
IFED ETRACS IFED Invest with the Fed TR Index ETN	-10.58%	9.81%

Returns By Period

In the year-to-date period, YSPY achieves a -6.65% return, which is significantly higher than IFED's -10.58% return.

YSPY

• 1D: 0.52%
• 1M: -11.39%
• YTD: -6.65%
• 6M: -5.59%
• 1Y: 13.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IFED

• 1D: 0.13%
• 1M: -5.40%
• YTD: -10.58%
• 6M: -10.82%
• 1Y: 5.31%
• 3Y*: 14.88%
• 5Y*: —
• 10Y*: —

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

YSPY vs. IFED - Expense Ratio Comparison

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

YSPY

GraniteShares YieldBOOST SPY ETF

IFED

ETRACS IFED Invest with the Fed TR Index ETN

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: 33
YSPY Sharpe Ratio Rank: 30
YSPY Sortino Ratio Rank: 28
YSPY Omega Ratio Rank: 33
YSPY Calmar Ratio Rank: 35
YSPY Martin Ratio Rank: 39

IFED

IFED Risk / Return Rank: 19
IFED Sharpe Ratio Rank: 18
IFED Sortino Ratio Rank: 18
IFED Omega Ratio Rank: 19
IFED Calmar Ratio Rank: 19
IFED Martin Ratio Rank: 19

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	0.61	0.28	+0.33
Sortino ratio Return per unit of downside risk	0.87	0.51	+0.36
Omega ratio Gain probability vs. loss probability	1.14	1.07	+0.07
Calmar ratio Return relative to maximum drawdown	0.94	0.38	+0.56
Martin ratio Return relative to average drawdown	3.80	1.18	+2.62
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 0.61, which is higher than the IFED Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of YSPY and IFED, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	YSPY	IFED	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.61	0.28	+0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.58	-0.50

Correlation

The correlation between YSPY and IFED is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

YSPY vs. IFED - Dividend Comparison

YSPY's dividend yield for the trailing twelve months is around 63.03%, while IFED has not paid dividends to shareholders.

	TTM	2025
YSPY GraniteShares YieldBOOST SPY ETF	63.03%	45.57%
IFED ETRACS IFED Invest with the Fed TR Index ETN	0.00%	0.00%

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%
Current Drawdown Current decline from peak	-11.93%	-12.41%	+0.48%
Average Drawdown Average peak-to-trough decline	-5.01%	-5.71%	+0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	4.70%	-1.10%

Volatility

YSPY vs. IFED - Volatility Comparison

GraniteShares YieldBOOST SPY ETF (YSPY) has a higher volatility of 7.90% compared to ETRACS IFED Invest with the Fed TR Index ETN (IFED) at 4.93%. This indicates that YSPY'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

	YSPY	IFED	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.90%	4.93%	+2.97%
Volatility (6M) Calculated over the trailing 6-month period	16.86%	10.82%	+6.04%
Volatility (1Y) Calculated over the trailing 1-year period	21.81%	18.80%	+3.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.59%	19.71%	+2.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.59%	19.71%	+2.88%