FUTG vs. IREX
FUTG (Leverage Shares 2X Long FUTU Daily ETF) and IREX (Tradr 2X Long IREN Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. FUTG charges 0.75%/yr vs 1.30%/yr for IREX.
Performance
FUTG vs. IREX - Performance Comparison
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Returns By Period
In the year-to-date period, FUTG achieves a -76.54% return, which is significantly lower than IREX's -41.04% return.
FUTG
- 1D
- -1.24%
- 1M
- -5.67%
- 6M
- -79.87%
- YTD
- -76.54%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IREX
- 1D
- -3.40%
- 1M
- -56.50%
- 6M
- -58.77%
- YTD
- -41.04%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FUTG vs. IREX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FUTG Leverage Shares 2X Long FUTU Daily ETF | -76.54% | -7.53% |
IREX Tradr 2X Long IREN Daily ETF | -41.04% | -61.06% |
Correlation
The correlation between FUTG and IREX is 0.44, 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 Oct 23, 2025 | 0.44 |
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Return for Risk
FUTG vs. IREX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long FUTU Daily ETF (FUTG) and Tradr 2X Long IREN Daily ETF (IREX). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
FUTG vs. IREX - Drawdown Comparison
The maximum FUTG drawdown since its inception was -86.19%, roughly equal to the maximum IREX drawdown of -90.28%. Use the drawdown chart below to compare losses from any high point for FUTG and IREX.
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Drawdown Indicators
| FUTG | IREX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.19% | -90.28% | +4.09% |
Current DrawdownCurrent decline from peak | -84.94% | -88.36% | +3.42% |
Average DrawdownAverage peak-to-trough decline | -46.12% | -70.90% | +24.78% |
Volatility
FUTG vs. IREX - Volatility Comparison
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Volatility by Period
| FUTG | IREX | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 130.11% | 213.60% | -83.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 130.11% | 213.60% | -83.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 130.11% | 213.60% | -83.49% |
FUTG vs. IREX - Expense Ratio Comparison
FUTG has a 0.75% expense ratio, which is lower than IREX's 1.30% expense ratio.
Dividends
FUTG vs. IREX - Dividend Comparison
Neither FUTG nor IREX has paid dividends to shareholders.
Frequently Asked Questions
FUTG and IREX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FUTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FUTG is cheaper with a 0.75% expense ratio, compared with 1.30% for IREX.
FUTG and IREX have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and Tradr ETFs. Their fees differ too: 0.75% for FUTG and 1.30% for IREX.
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