AVGU vs. IREG
AVGU (GraniteShares 2x Long AVGO Daily ETF) and IREG (Leverage Shares 2X Long IREN Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. AVGU charges 1.50%/yr vs 0.75%/yr for IREG.
Performance
AVGU vs. IREG - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with AVGU having a 72.79% return and IREG slightly higher at 76.42%.
AVGU
- 1D
- -0.86%
- 1M
- 29.76%
- YTD
- 72.79%
- 6M
- 38.77%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IREG
- 1D
- -3.13%
- 1M
- 56.03%
- YTD
- 76.42%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVGU vs. IREG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVGU GraniteShares 2x Long AVGO Daily ETF | 72.79% | 2.18% |
IREG Leverage Shares 2X Long IREN Daily ETF | 76.42% | 3.65% |
Correlation
The correlation between AVGU and IREG is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 17, 2025 | 0.40 |
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Return for Risk
AVGU vs. IREG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AVGO Daily ETF (AVGU) and Leverage Shares 2X Long IREN Daily ETF (IREG). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| AVGU | IREG | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | 1.76 | 1.33 | +0.43 |
Drawdowns
AVGU vs. IREG - Drawdown Comparison
The maximum AVGU drawdown since its inception was -53.30%, smaller than the maximum IREG drawdown of -80.08%. Use the drawdown chart below to compare losses from any high point for AVGU and IREG.
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Drawdown Indicators
| AVGU | IREG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.30% | -80.08% | +26.78% |
Current DrawdownCurrent decline from peak | -0.86% | -29.69% | +28.83% |
Average DrawdownAverage peak-to-trough decline | -19.89% | -44.09% | +24.20% |
Volatility
AVGU vs. IREG - Volatility Comparison
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Volatility by Period
| AVGU | IREG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 88.23% | 208.00% | -119.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.23% | 208.00% | -119.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.23% | 208.00% | -119.77% |
AVGU vs. IREG - Expense Ratio Comparison
AVGU has a 1.50% expense ratio, which is higher than IREG's 0.75% expense ratio.
Dividends
AVGU vs. IREG - Dividend Comparison
Neither AVGU nor IREG has paid dividends to shareholders.
Frequently Asked Questions
AVGU and IREG have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IREG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IREG is cheaper with a 0.75% expense ratio, compared with 1.50% for AVGU.
AVGU and IREG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.50% for AVGU and 0.75% for IREG.
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