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ETFs

ETRACS IFED Invest with the Fed TR Index ETN

IFED
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 14 2021
Expense Ratio
0.45%
Type
US Equities
Fund Owner
UBS
Volume (1m avg. daily)
—
AUM
$58,700,000
Associated Index
IFED Large-Cap US TR Equity Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View
Invest with IFED

What is IFED?

The ETRACS IFED Invest with the Fed TR Index ETN is an Exchange Traded Note linked to the performance of the IFED Large-Cap US Equity Index Total Return, less tracking fees. The IFED Large-Cap US Equity Index Total Return is a composite of large-cap U.S. equities that is designed to maximize exposure to those equities best positioned to benefit from the prevailing monetary environment. The Underlying Index uses a combination of Federal Reserve Board (the Federal Reserve ) policy developments and twelve firm-specific metrics to select and weight stocks via a transparent and rules-based active strategy.

ETFs related toIFED

ETFs correlated to IFED include AVUS, FEX, DFAC

IFED
UBS AG London Branch - ETRACS IFED Invest with the Fed TR Index ETN
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
FEX
First Trust Exchange-Traded Fund III - First Trust Large Cap Core AlphaDEX Fund
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
JVAL
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan U.S. Value Factor ETF
AVSU
American Century ETF Trust - Avantis Responsible U.S. Equity ETF
AVLV
American Century ETF Trust - Avantis U.S. Large Cap Value ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
PRF
Invesco Capital Management LLC - Invesco FTSE RAFI US 1000 ETF
TILT
FlexShares Trust - FlexShares Morningstar US Market Factors Tilt Index Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toIFED

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with IFED using Composer

FAQ

IFED is a US Equities ETF. The ETRACS IFED Invest with the Fed TR Index ETN is an Exchange Traded Note linked to the performance of the IFED Large-Cap US Equity Index Total Return, less tracking fees. The IFED Large-Cap US Equity Index Total Return is a composite of large-cap U.S. equities that is designed to maximize exposure to those equities best positioned to benefit from the prevailing monetary environment. The Underlying Index uses a combination of Federal Reserve Board (the Federal Reserve ) policy developments and twelve firm-specific metrics to select and weight stocks via a transparent and rules-based active strategy.

IFED tracks the IFED Large-Cap US TR Equity Index.

No, IFED is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, IFED is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on IFED is 0.013%. This is the percent change in the value of IFED over the most recent 1-month period. The 3-month return on IFED is 0.0364%. This is the percent change in the value of IFED over the most recent 3-month period.

The standard deviation of IFED for the past year is 0.1878%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to IFED include FEDL, SPHQ, and SPHB.

ETFs correlated to IFED include AVUS, FEX, and DFAC.

ETFs that are inversely correlated to IFED include SH, SDS, and SPDN.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.