IRE.MI vs. MSTX
IRE.MI (Iren SpA) is a stock, while MSTX (Defiance Daily Target 2X Long MSTR ETF) is Leveraged Equities fund actively managed by Defiance. Over the past year, IRE.MI returned 0.66% vs -95.56% for MSTX. At a correlation of -0.04, they often move in opposite directions.
Performance
IRE.MI vs. MSTX - Performance Comparison
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Different Trading Currencies
IRE.MI is traded in EUR, while MSTX is traded in USD. To make them comparable, the MSTX values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IRE.MI achieves a 1.25% return, which is significantly higher than MSTX's -58.84% return.
IRE.MI
- 1D
- -0.08%
- 1M
- -1.37%
- YTD
- 1.25%
- 6M
- 2.13%
- 1Y
- 0.66%
- 3Y*
- 18.21%
- 5Y*
- 5.52%
- 10Y*
- 9.47%
MSTX
- 1D
- -13.46%
- 1M
- -60.95%
- YTD
- -58.84%
- 6M
- -71.86%
- 1Y
- -95.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IRE.MI vs. MSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IRE.MI Iren SpA | 1.25% | 39.87% | 3.56% |
MSTX Defiance Daily Target 2X Long MSTR ETF | -58.84% | -90.35% | 151.57% |
Correlation
The correlation between IRE.MI and MSTX is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2024 | -0.04 |
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Return for Risk
IRE.MI vs. MSTX — Risk / Return Rank
IRE.MI
MSTX
IRE.MI vs. MSTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Iren SpA (IRE.MI) and Defiance Daily Target 2X Long MSTR ETF (MSTX). 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.
| IRE.MI | MSTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.78 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | -0.99 | +0.97 |
| Martin ratioReturn relative to average drawdown | -0.04 | -1.26 | +1.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IRE.MI | MSTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | -0.68 | +0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | -0.43 | +0.65 |
Drawdowns
IRE.MI vs. MSTX - Drawdown Comparison
The maximum IRE.MI drawdown since its inception was -89.17%, smaller than the maximum MSTX drawdown of -98.86%. Use the drawdown chart below to compare losses from any high point for IRE.MI and MSTX.
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Drawdown Indicators
| IRE.MI | MSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.17% | -98.86% | +9.69% |
Max Drawdown (1Y)Largest decline over 1 year | -16.26% | -96.82% | +80.56% |
Max Drawdown (3Y)Largest decline over 3 years | -19.21% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -52.87% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -52.87% | — | — |
Current DrawdownCurrent decline from peak | -8.94% | -98.86% | +89.92% |
Average DrawdownAverage peak-to-trough decline | -34.76% | -70.78% | +36.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.97% | 75.79% | -69.82% |
Volatility
IRE.MI vs. MSTX - Volatility Comparison
The current volatility for Iren SpA (IRE.MI) is 5.76%, while Defiance Daily Target 2X Long MSTR ETF (MSTX) has a volatility of 40.70%. This indicates that IRE.MI experiences smaller price fluctuations and is considered to be less risky than MSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IRE.MI | MSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 40.70% | -34.94% |
Volatility (6M)Calculated over the trailing 6-month period | 16.26% | 112.14% | -95.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.75% | 139.91% | -119.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.59% | 167.10% | -142.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.80% | 167.10% | -142.30% |
Dividends
IRE.MI vs. MSTX - Dividend Comparison
IRE.MI's dividend yield for the trailing twelve months is around 4.96%, while MSTX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRE.MI Iren SpA | 4.96% | 5.02% | 6.19% | 5.58% | 7.15% | 3.58% | 4.35% | 3.04% | 3.34% | 2.50% | 3.53% | 3.51% |
MSTX Defiance Daily Target 2X Long MSTR ETF | 0.00% | 0.00% | 41.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IRE.MI and MSTX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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