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 -0.21, 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
As of year-to-date, both investments have demonstrated similar returns, with IRE at -62.04% and ADBG at -62.04%.
IRE
- 1D
- -18.15%
- 1M
- -69.04%
- 6M
- -78.73%
- YTD
- -62.04%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ADBG
- 1D
- 9.60%
- 1M
- 25.57%
- 6M
- -49.08%
- YTD
- -62.04%
- 1Y
- -67.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IRE vs. ADBG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IRE Defiance Daily Target 2X Long IREN ETF | -62.04% | -67.36% |
ADBG Leverage Shares 2X Long ADBE Daily ETF | -62.04% | -0.18% |
Correlation
The correlation between IRE and ADBG is -0.21, 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 21, 2025 | -0.21 |
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Return for Risk
IRE vs. ADBG — Risk / Return Rank
IRE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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.
| IRE | ADBG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.81 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.86 | — |
| Martin ratioReturn relative to average drawdown | — | -1.46 | — |
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Drawdowns
IRE vs. ADBG - Drawdown Comparison
The maximum IRE drawdown since its inception was -92.69%, which is greater than ADBG's maximum drawdown of -84.14%. 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 | -92.69% | -84.14% | -8.55% |
Max Drawdown (1Y)Largest decline over 1 year | — | -78.97% | — |
Current DrawdownCurrent decline from peak | -92.69% | -76.95% | -15.74% |
Average DrawdownAverage peak-to-trough decline | -71.78% | -44.86% | -26.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 46.32% | — |
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 | — | 23.90% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 61.43% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 212.83% | 71.84% | +140.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 212.83% | 69.74% | +143.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 212.83% | 69.74% | +143.09% |
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 -0.21, 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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