IRE vs. IREG
IRE (Defiance Daily Target 2X Long IREN ETF) and IREG (Leverage Shares 2X Long IREN Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their 1.00 correlation means they have historically moved very closely together. IRE charges 1.31%/yr vs 0.75%/yr for IREG.
Performance
IRE vs. IREG - Performance Comparison
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Returns By Period
In the year-to-date period, IRE achieves a -63.30% return, which is significantly lower than IREG's -57.67% return.
IRE
- 1D
- -7.43%
- 1M
- -26.85%
- 6M
- -79.34%
- YTD
- -63.30%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IREG
- 1D
- -7.42%
- 1M
- -24.60%
- 6M
- -76.50%
- YTD
- -57.67%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $104.51M | $97.02M | $161.63M | |
| $8.88M | $7.65M | $9.55M |
IRE vs. IREG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IRE Defiance Daily Target 2X Long IREN ETF | -63.30% | 8.79% |
IREG Leverage Shares 2X Long IREN Daily ETF | -57.67% | 16.86% |
Correlation
The correlation between IRE and IREG is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025 | 1.00 |
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Return for Risk
IRE vs. IREG - 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 IREN Daily ETF (IREG). 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. IREG - Drawdown Comparison
The maximum IRE drawdown since its inception was -95.22%, which is greater than IREG's maximum drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for IRE and IREG.
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Drawdown Indicators
| IRE | IREG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.22% | -88.63% | -6.59% |
Current DrawdownCurrent decline from peak | -92.93% | -83.13% | -9.80% |
Average DrawdownAverage peak-to-trough decline | -72.92% | -49.75% | -23.17% |
Volatility
IRE vs. IREG - Volatility Comparison
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Volatility by Period
| IRE | IREG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 226.19% | 225.92% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 226.19% | 225.92% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 226.19% | 225.92% | +0.27% |
IRE vs. IREG - Expense Ratio Comparison
IRE has a 1.31% expense ratio, which is higher than IREG's 0.75% expense ratio.
Dividends
IRE vs. IREG - Dividend Comparison
Neither IRE nor IREG has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 1.00, IRE and IREG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, IREG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IREG is cheaper with a 0.75% expense ratio, compared with 1.31% for IRE.
IRE and IREG 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 IREG.
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