IRE vs. ADBG
IRE (Defiance Daily Target 2X Long IREN ETF) and ADBG (Leverage Shares 2X Long ADBE Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.18, they often move in opposite directions. IRE charges 1.31%/yr vs 0.75%/yr for ADBG.
Performance
IRE vs. ADBG - Performance Comparison
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Returns By Period
In the year-to-date period, IRE achieves a 61.20% return, which is significantly higher than ADBG's -52.94% return.
IRE
- 1D
- -3.62%
- 1M
- 53.26%
- YTD
- 61.20%
- 6M
- 8.68%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ADBG
- 1D
- -4.56%
- 1M
- -1.43%
- YTD
- -52.94%
- 6M
- -46.73%
- 1Y
- -70.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IRE vs. ADBG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IRE Defiance Daily Target 2X Long IREN ETF | 61.20% | -65.76% |
ADBG Leverage Shares 2X Long ADBE Daily ETF | -52.94% | -7.76% |
Correlation
The correlation between IRE and ADBG is -0.18, 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 Oct 22, 2025 | -0.18 |
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Return for Risk
IRE vs. ADBG — Risk / Return Rank
IRE
ADBG
IRE vs. ADBG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long IREN ETF (IRE) and Leverage Shares 2X Long ADBE Daily ETF (ADBG). 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
| IRE | ADBG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.29 | -0.91 | +0.62 |
Drawdowns
IRE vs. ADBG - Drawdown Comparison
The maximum IRE drawdown since its inception was -90.87%, which is greater than ADBG's maximum drawdown of -76.71%. Use the drawdown chart below to compare losses from any high point for IRE and ADBG.
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Drawdown Indicators
| IRE | ADBG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.87% | -76.71% | -14.16% |
Max Drawdown (1Y)Largest decline over 1 year | — | -76.23% | — |
Current DrawdownCurrent decline from peak | -68.95% | -71.42% | +2.47% |
Average DrawdownAverage peak-to-trough decline | -69.97% | -41.64% | -28.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 50.12% | — |
Volatility
IRE vs. ADBG - Volatility Comparison
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Volatility by Period
| IRE | ADBG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 27.71% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 56.21% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 214.53% | 67.26% | +147.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 214.53% | 66.94% | +147.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 214.53% | 66.94% | +147.59% |
IRE vs. ADBG - Expense Ratio Comparison
IRE has a 1.31% expense ratio, which is higher than ADBG's 0.75% expense ratio.
Dividends
IRE vs. ADBG - Dividend Comparison
Neither IRE nor ADBG has paid dividends to shareholders.
Frequently Asked Questions
IRE and ADBG have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ADBG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ADBG is cheaper with a 0.75% expense ratio, compared with 1.31% for IRE.
IRE and ADBG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance ETFs and Leverage Shares. Their fees differ too: 1.31% for IRE and 0.75% for ADBG.
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