BRKU vs. IREG

Last updated Jun 5, 2026

BRKU (Direxion Daily BRKB Bull 2X Shares) and IREG (Leverage Shares 2X Long IREN Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.26, they often move in opposite directions. BRKU charges 0.97%/yr vs 0.75%/yr for IREG.

Performance

BRKU vs. IREG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily BRKB Bull 2X Shares (BRKU) 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, BRKU achieves a -13.68% return, which is significantly lower than IREG's 56.37% return.

BRKU

• 1D: 1.28%
• 1M: 4.82%
• YTD: -13.68%
• 6M: -14.64%
• 1Y: -15.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IREG

• 1D: -11.36%
• 1M: 14.10%
• YTD: 56.37%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BRKU vs. IREG - Yearly Performance Comparison

	2026 (YTD)	2025
BRKU Direxion Daily BRKB Bull 2X Shares	-13.68%	0.73%
IREG Leverage Shares 2X Long IREN Daily ETF	56.37%	3.65%

Correlation

The correlation between BRKU and IREG is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 17, 2025	-0.26

Return for Risk

BRKU vs. IREG — Risk / Return Rank

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

BRKU

BRKU Risk / Return Rank: 3
BRKU Sharpe Ratio Rank: 4
BRKU Sortino Ratio Rank: 4
BRKU Omega Ratio Rank: 4
BRKU Calmar Ratio Rank: 3
BRKU Martin Ratio Rank: 1

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.

BRKU vs. IREG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily BRKB Bull 2X Shares (BRKU) 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.

	BRKU	IREG	Difference
Sharpe ratio: Return per unit of total volatility	-0.57	—	—
Sortino ratio: Return per unit of downside risk	-0.65	—	—
Omega ratio: Gain probability vs. loss probability	0.92	—	—
Calmar ratio: Return relative to maximum drawdown	-0.72	—	—
Martin ratio: Return relative to average drawdown	-1.45	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BRKU	IREG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.24	0.90	-1.13

Drawdowns

BRKU vs. IREG - Drawdown Comparison

The maximum BRKU drawdown since its inception was -35.37%, smaller than the maximum IREG drawdown of -80.08%. Use the drawdown chart below to compare losses from any high point for BRKU and IREG.

Drawdown Indicators

	BRKU	IREG	Difference
Max Drawdown Largest peak-to-trough decline	-35.37%	-80.08%	+44.71%
Max Drawdown (1Y) Largest decline over 1 year	-22.06%	—	—
Current Drawdown Current decline from peak	-32.26%	-37.68%	+5.42%
Average Drawdown Average peak-to-trough decline	-18.91%	-44.04%	+25.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.93%	—	—

Volatility

Volatility by Period

	BRKU	IREG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.71%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.76%	207.94%	-180.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.39%	207.94%	-173.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.39%	207.94%	-173.55%

BRKU vs. IREG - Expense Ratio Comparison

BRKU has a 0.97% expense ratio, which is higher than IREG's 0.75% expense ratio.

Dividends

BRKU vs. IREG - Dividend Comparison

BRKU's dividend yield for the trailing twelve months is around 2.95%, while IREG has not paid dividends to shareholders.

Position	TTM	2025
BRKU Direxion Daily BRKB Bull 2X Shares	2.95%	2.44%
IREG Leverage Shares 2X Long IREN Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both BRKU and IREG in my portfolio?

BRKU and IREG have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BRKU or IREG?

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.

Which ETF is cheaper, BRKU or IREG?

IREG is cheaper with a 0.75% expense ratio, compared with 0.97% for BRKU.

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

BRKU has the higher dividend yield at 2.95%, compared with 0.00% for IREG.

What is the main difference between BRKU and IREG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.97% for BRKU and 0.75% for IREG.