IRE vs. IWMY
IRE (Defiance Daily Target 2X Long IREN ETF) and IWMY (Defiance R2000 Weekly Distribution ETF) are both exchange-traded funds - IRE is a Leveraged Equities fund actively managed by Defiance, while IWMY is a Options Trading fund actively managed by Defiance. Both are actively managed. Their 0.50 correlation means their historical movements had little consistent relationship. IRE charges 1.31%/yr vs 1.05%/yr for IWMY.
Performance
IRE vs. IWMY - 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 IWMY's 13.35% return.
IRE
- 1D
- -7.43%
- 1M
- -26.85%
- 6M
- -79.34%
- YTD
- -63.30%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IWMY
- 1D
- -0.41%
- 1M
- -1.97%
- 6M
- 9.10%
- YTD
- 13.35%
- 1Y
- 19.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $104.51M | $97.02M | $161.63M | |
| $636.13K | $744.03K | $1.04M |
IRE vs. IWMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IRE Defiance Daily Target 2X Long IREN ETF | -63.30% | -67.36% |
IWMY Defiance R2000 Weekly Distribution ETF | 13.35% | -2.45% |
Correlation
The correlation between IRE and IWMY is 0.50, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 21, 2025 | 0.50 |
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Return for Risk
IRE vs. IWMY — Risk / Return Rank
IRE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IWMY
IRE vs. IWMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long IREN ETF (IRE) and Defiance R2000 Weekly Distribution ETF (IWMY). 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 | IWMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.20 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.58 | — |
| Martin ratioReturn relative to average drawdown | — | 5.12 | — |
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Drawdowns
IRE vs. IWMY - Drawdown Comparison
The maximum IRE drawdown since its inception was -95.22%, which is greater than IWMY's maximum drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for IRE and IWMY.
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Drawdown Indicators
| IRE | IWMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.22% | -18.72% | -76.50% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.57% | — |
Current DrawdownCurrent decline from peak | -92.93% | -2.64% | -90.29% |
Average DrawdownAverage peak-to-trough decline | -72.92% | -2.88% | -70.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.56% | — |
Volatility
IRE vs. IWMY - Volatility Comparison
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Volatility by Period
| IRE | IWMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.40% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.46% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 226.19% | 16.30% | +209.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 226.19% | 15.78% | +210.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 226.19% | 15.78% | +210.41% |
IRE vs. IWMY - Expense Ratio Comparison
IRE has a 1.31% expense ratio, which is higher than IWMY's 1.05% expense ratio.
Dividends
IRE vs. IWMY - Dividend Comparison
IRE has not paid dividends to shareholders, while IWMY's dividend yield for the trailing twelve months is around 41.85%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IRE Defiance Daily Target 2X Long IREN ETF | 0.00% | 0.00% | 0.00% | 0.00% |
IWMY Defiance R2000 Weekly Distribution ETF | 41.85% | 63.33% | 107.92% | 11.34% |
Frequently Asked Questions
IRE and IWMY have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWMY is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWMY is cheaper with a 1.05% expense ratio, compared with 1.31% for IRE.
IWMY has the higher dividend yield at 41.85%, compared with 0.00% for IRE.
IRE is categorized as Leveraged Equities, while IWMY is Options Trading. Their fees differ too: 1.31% for IRE and 1.05% for IWMY.
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