IRE vs. INTW
IRE (Defiance Daily Target 2X Long IREN ETF) and INTW (GraniteShares 2x Long INTC Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.28 correlation, their price movements are largely independent. IRE charges 1.31%/yr vs 1.50%/yr for INTW.
Performance
IRE vs. INTW - Performance Comparison
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Returns By Period
In the year-to-date period, IRE achieves a 12.25% return, which is significantly lower than INTW's 871.59% return.
IRE
- 1D
- -10.65%
- 1M
- -10.41%
- YTD
- 12.25%
- 6M
- -10.38%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
INTW
- 1D
- 10.59%
- 1M
- 28.23%
- YTD
- 871.59%
- 6M
- 897.00%
- 1Y
- 2,279.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IRE vs. INTW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IRE Defiance Daily Target 2X Long IREN ETF | 12.25% | -67.36% |
INTW GraniteShares 2x Long INTC Daily ETF | 871.59% | -12.69% |
Correlation
The correlation between IRE and INTW is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 21, 2025 | 0.28 |
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Return for Risk
IRE vs. INTW — Risk / Return Rank
IRE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
INTW
IRE vs. INTW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long IREN ETF (IRE) and GraniteShares 2x Long INTC Daily ETF (INTW). 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 | INTW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.68 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 46.81 | — |
| Martin ratioReturn relative to average drawdown | — | 106.28 | — |
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Drawdowns
IRE vs. INTW - Drawdown Comparison
The maximum IRE drawdown since its inception was -90.87%, which is greater than INTW's maximum drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for IRE and INTW.
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Drawdown Indicators
| IRE | INTW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.87% | -60.58% | -30.29% |
Max Drawdown (1Y)Largest decline over 1 year | — | -49.34% | — |
Current DrawdownCurrent decline from peak | -78.38% | 0.00% | -78.38% |
Average DrawdownAverage peak-to-trough decline | -70.13% | -29.71% | -40.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 21.69% | — |
Volatility
IRE vs. INTW - Volatility Comparison
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Volatility by Period
| IRE | INTW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 53.88% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 118.13% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 213.90% | 149.77% | +64.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 213.90% | 148.63% | +65.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 213.90% | 148.63% | +65.27% |
IRE vs. INTW - Expense Ratio Comparison
IRE has a 1.31% expense ratio, which is lower than INTW's 1.50% expense ratio.
Dividends
IRE vs. INTW - Dividend Comparison
Neither IRE nor INTW has paid dividends to shareholders.
Frequently Asked Questions
IRE and INTW have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IRE is cheaper at 1.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IRE is cheaper with a 1.31% expense ratio, compared with 1.50% for INTW.
IRE and INTW have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance ETFs and GraniteShares. Their fees differ too: 1.31% for IRE and 1.50% for INTW.
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