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 -0.17, 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 3.96% return, which is significantly higher than ADBG's -72.70% return.
IRE
- 1D
- -7.39%
- 1M
- -17.03%
- YTD
- 3.96%
- 6M
- -16.78%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ADBG
- 1D
- 2.95%
- 1M
- -37.44%
- YTD
- -72.70%
- 6M
- -73.10%
- 1Y
- -79.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IRE vs. ADBG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IRE Defiance Daily Target 2X Long IREN ETF | 3.96% | -67.36% |
ADBG Leverage Shares 2X Long ADBE Daily ETF | -72.70% | -0.18% |
Correlation
The correlation between IRE and ADBG is -0.17, 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 | -0.17 |
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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 | — | 0.72 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.98 | — |
| Martin ratioReturn relative to average drawdown | — | -1.68 | — |
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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 -83.90%. 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% | -83.90% | -6.97% |
Max Drawdown (1Y)Largest decline over 1 year | — | -80.96% | — |
Current DrawdownCurrent decline from peak | -79.98% | -83.42% | +3.44% |
Average DrawdownAverage peak-to-trough decline | -70.19% | -43.05% | -27.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 47.09% | — |
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 | — | 32.31% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 59.28% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 213.47% | 69.23% | +144.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 213.47% | 68.74% | +144.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 213.47% | 68.74% | +144.73% |
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 -0.17, 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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