IRE vs. FIGG
IRE (Defiance Daily Target 2X Long IREN ETF) and FIGG (Leverage Shares 2X Long FIG Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their -0.04 correlation means they have often moved in opposite directions in the past. IRE charges 1.31%/yr vs 0.75%/yr for FIGG.
Performance
IRE vs. FIGG - Performance Comparison
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Returns By Period
In the year-to-date period, IRE achieves a -63.30% return, which is significantly higher than FIGG's -74.01% return.
IRE
- 1D
- -7.43%
- 1M
- -26.85%
- 6M
- -79.34%
- YTD
- -63.30%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
FIGG
- 1D
- 4.76%
- 1M
- 22.34%
- 6M
- -43.58%
- YTD
- -74.01%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.05M | $3.83M | $5.46M | |
| $104.51M | $97.02M | $161.63M |
IRE vs. FIGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IRE Defiance Daily Target 2X Long IREN ETF | -63.30% | -67.36% |
FIGG Leverage Shares 2X Long FIG Daily ETF | -74.01% | -58.98% |
Correlation
The correlation between IRE and FIGG is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 21, 2025 | -0.04 |
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Return for Risk
IRE vs. FIGG - 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 FIG Daily ETF (FIGG). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
IRE vs. FIGG - Drawdown Comparison
The maximum IRE drawdown since its inception was -95.22%, roughly equal to the maximum FIGG drawdown of -95.77%. Use the drawdown chart below to compare losses from any high point for IRE and FIGG.
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Drawdown Indicators
| IRE | FIGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.22% | -95.77% | +0.55% |
Current DrawdownCurrent decline from peak | -92.93% | -91.91% | -1.02% |
Average DrawdownAverage peak-to-trough decline | -72.92% | -79.97% | +7.05% |
Volatility
IRE vs. FIGG - Volatility Comparison
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Volatility by Period
| IRE | FIGG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 226.19% | 150.40% | +75.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 226.19% | 150.40% | +75.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 226.19% | 150.40% | +75.79% |
IRE vs. FIGG - Expense Ratio Comparison
IRE has a 1.31% expense ratio, which is higher than FIGG's 0.75% expense ratio.
Dividends
IRE vs. FIGG - Dividend Comparison
Neither IRE nor FIGG has paid dividends to shareholders.
Frequently Asked Questions
IRE and FIGG have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FIGG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FIGG is cheaper with a 0.75% expense ratio, compared with 1.31% for IRE.
IRE and FIGG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.31% for IRE and 0.75% for FIGG.
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