BCOR vs. IREG

Last updated Jun 24, 2026

BCOR (Grayscale Bitcoin Adopters ETF) and IREG (Leverage Shares 2X Long IREN Daily ETF) are both exchange-traded funds - BCOR is a Blockchain fund tracking the Indxx Bitcoin Adopters Index, while IREG is a Leveraged Equities fund actively managed by Leverage Shares. BCOR is passively managed, while IREG is actively managed. A 0.68 correlation means they provide meaningful diversification when combined. BCOR charges 0.59%/yr vs 0.75%/yr for IREG.

Performance

BCOR vs. IREG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Bitcoin Adopters ETF (BCOR) and Leverage Shares 2X Long IREN Daily ETF (IREG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCOR achieves a -8.74% return, which is significantly lower than IREG's 15.19% return.

BCOR

• 1D: -3.15%
• 1M: -11.00%
• YTD: -8.74%
• 6M: -13.96%
• 1Y: -24.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IREG

• 1D: -7.71%
• 1M: -15.58%
• YTD: 15.19%
• 6M: -7.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BCOR vs. IREG - Yearly Performance Comparison

	2026 (YTD)	2025
BCOR Grayscale Bitcoin Adopters ETF	-8.74%	-3.42%
IREG Leverage Shares 2X Long IREN Daily ETF	15.19%	16.86%

Correlation

The correlation between BCOR and IREG is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025	0.68

Return for Risk

BCOR vs. IREG — Risk / Return Rank

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

BCOR

BCOR Risk / Return Rank: 4
BCOR Sharpe Ratio Rank: 4
BCOR Sortino Ratio Rank: 4
BCOR Omega Ratio Rank: 5
BCOR Calmar Ratio Rank: 4
BCOR Martin Ratio Rank: 4

IREG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

BCOR vs. IREG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Adopters ETF (BCOR) 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.

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.

	BCOR	IREG	Difference
Sharpe ratio: Return per unit of total volatility	-0.59	—	—
Sortino ratio: Return per unit of downside risk	-0.65	—	—
Omega ratio: Gain probability vs. loss probability	0.93	—	—
Calmar ratio: Return relative to maximum drawdown	-0.57	—	—
Martin ratio: Return relative to average drawdown	-1.01	—	—

Drawdowns

BCOR vs. IREG - Drawdown Comparison

The maximum BCOR drawdown since its inception was -42.99%, smaller than the maximum IREG drawdown of -80.08%. Use the drawdown chart below to compare losses from any high point for BCOR and IREG.

Drawdown Indicators

	BCOR	IREG	Difference
Max Drawdown Largest peak-to-trough decline	-42.99%	-80.08%	+37.09%
Max Drawdown (1Y) Largest decline over 1 year	-42.99%	—	—
Current Drawdown Current decline from peak	-35.45%	-54.09%	+18.64%
Average Drawdown Average peak-to-trough decline	-18.73%	-44.16%	+25.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.32%	—	—

Volatility

Volatility by Period

	BCOR	IREG	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	32.95%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	41.79%	207.96%	-166.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.40%	207.96%	-164.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.40%	207.96%	-164.56%

BCOR vs. IREG - Expense Ratio Comparison

BCOR has a 0.59% expense ratio, which is lower than IREG's 0.75% expense ratio.

Dividends

BCOR vs. IREG - Dividend Comparison

BCOR's dividend yield for the trailing twelve months is around 3.46%, while IREG has not paid dividends to shareholders.

Position	TTM	2025
BCOR Grayscale Bitcoin Adopters ETF	3.46%	3.10%
IREG Leverage Shares 2X Long IREN Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both BCOR and IREG in my portfolio?

BCOR and IREG have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BCOR or IREG?

On fees, BCOR is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCOR or IREG?

BCOR is cheaper with a 0.59% expense ratio, compared with 0.75% for IREG.

Which ETF pays a higher dividend yield, BCOR or IREG?

BCOR has the higher dividend yield at 3.46%, compared with 0.00% for IREG.

What is the main difference between BCOR and IREG?

BCOR is categorized as Blockchain, while IREG is Leveraged Equities. They also come from different issuers: Grayscale and Leverage Shares. Their fees differ too: 0.59% for BCOR and 0.75% for IREG.