IRE vs. CIFG
IRE (Defiance Daily Target 2X Long IREN ETF) and CIFG (Leverage Shares 2X Long CIFR Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. IRE charges 1.31%/yr vs 0.75%/yr for CIFG.
Performance
IRE vs. CIFG - Performance Comparison
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Returns By Period
In the year-to-date period, IRE achieves a 61.20% return, which is significantly lower than CIFG's 92.34% return.
IRE
- 1D
- -3.62%
- 1M
- 53.26%
- YTD
- 61.20%
- 6M
- 8.68%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CIFG
- 1D
- -0.35%
- 1M
- 94.51%
- YTD
- 92.34%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IRE vs. CIFG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IRE Defiance Daily Target 2X Long IREN ETF | 61.20% | -31.01% |
CIFG Leverage Shares 2X Long CIFR Daily ETF | 92.34% | -42.39% |
Correlation
The correlation between IRE and CIFG is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 12, 2025 | 0.82 |
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Return for Risk
IRE vs. CIFG - 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 CIFR Daily ETF (CIFG). 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 | CIFG | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | -0.29 | 0.12 | -0.41 |
Drawdowns
IRE vs. CIFG - Drawdown Comparison
The maximum IRE drawdown since its inception was -90.87%, which is greater than CIFG's maximum drawdown of -71.71%. Use the drawdown chart below to compare losses from any high point for IRE and CIFG.
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Drawdown Indicators
| IRE | CIFG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.87% | -71.71% | -19.16% |
Current DrawdownCurrent decline from peak | -68.95% | -0.35% | -68.60% |
Average DrawdownAverage peak-to-trough decline | -69.97% | -38.01% | -31.96% |
Volatility
IRE vs. CIFG - Volatility Comparison
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Volatility by Period
| IRE | CIFG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 214.53% | 203.83% | +10.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 214.53% | 203.83% | +10.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 214.53% | 203.83% | +10.70% |
IRE vs. CIFG - Expense Ratio Comparison
IRE has a 1.31% expense ratio, which is higher than CIFG's 0.75% expense ratio.
Dividends
IRE vs. CIFG - Dividend Comparison
Neither IRE nor CIFG has paid dividends to shareholders.
Frequently Asked Questions
IRE and CIFG have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CIFG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CIFG is cheaper with a 0.75% expense ratio, compared with 1.31% for IRE.
IRE and CIFG 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 CIFG.
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