- Issuer
- Leverage Shares
- Inception Date
- Dec 16, 2025
- Region
- North America (United States)
- Category
- Leveraged Equities, Blockchain, Technology Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Domicile
- USA
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $31M
Share Price Chart
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Performance
IREG Performance Chart
Leverage Shares 2X Long IREN Daily ETF (IREG) is up 39.5% since the beginning of the year. IREG is currently trading at $23 per share.
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Returns By Period
Leverage Shares 2X Long IREN Daily ETF
- 1D
- 6.45%
- 1M
- 2.20%
- YTD
- 39.45%
- 6M
- 24.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
IREG Monthly Returns History
Based on dividend-adjusted daily data since Dec 16, 2025, IREG's average daily return is +1.24%, while the average monthly return is +19.10%. At this rate, an investment would double in approximately 0.3 years.
Historically, 57% of months were positive and 43% were negative. The best month was Jan 2026 with a return of +80.2%, while the worst month was Feb 2026 at -49.1%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 2 months.
On a daily basis, IREG closed higher 50% of trading days. The best single day was Jan 27, 2026 with a return of +28.7%, while the worst single day was Feb 4, 2026 at -34.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 80.17% | -49.09% | -36.58% | 66.56% | 72.19% | -16.42% | 39.45% | ||||||
| 2025 | 16.86% | 16.86% |
Benchmark Metrics
Leverage Shares 2X Long IREN Daily ETF has an annualized alpha of 467.45%, beta of 7.81, and R2 of 0.27 versus S&P 500 Index. Calculated based on daily prices since December 16, 2025.
- This ETF captured 33661.54% of S&P 500 Index gains and 354.58% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.27 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 467.45%
- Beta
- 7.81
- R²
- 0.27
- Upside Capture
- 33,661.54%
- Downside Capture
- 354.58%
Expense Ratio
IREG has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Leverage Shares 2X Long IREN Daily ETF (IREG) and compare them to S&P 500 Index.
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.
| IREG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 11.86 | — |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Leverage Shares 2X Long IREN Daily ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Leverage Shares 2X Long IREN Daily ETF was 80.08%, occurring on Mar 30, 2026. The portfolio has not yet recovered.
The current Leverage Shares 2X Long IREN Daily ETF drawdown is 44.42%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -80.08%Mar 2026 | 2mo | — | 4mo 24dJan 2026 - now |
2025 correction2025 | -19.56%Dec 2025 | 7d | 2d | 9dDec 2025 - Jan 2026 |
2026 correction2026 | -19.22%Jan 2026 | 6d | 1d | 7dJan 2026 - Jan 2026 |
2026 correction2026 | -18.17%Jan 2026 | 1d | 5d | 6dJan 2026 - Jan 2026 |
2025 correction2025 | -15.53%Dec 2025 | 0s | 2d | 2dDec 2025 - Dec 2025 |
Drawdown Indicators
| IREG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.08% | -56.78% | -23.30% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -44.42% | -2.49% | -41.93% |
Average DrawdownAverage peak-to-trough decline | -44.04% | -10.72% | -33.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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