IRE vs. NBIG
IRE (Defiance Daily Target 2X Long IREN ETF) and NBIG (Leverage Shares 2X Long NBIS Daily ETF) are both Leveraged Equities funds. Both are actively managed. A 0.62 correlation means they provide meaningful diversification when combined. IRE charges 1.31%/yr vs 0.75%/yr for NBIG.
Performance
IRE vs. NBIG - 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 NBIG's 453.13% return.
IRE
- 1D
- -3.62%
- 1M
- 53.26%
- YTD
- 61.20%
- 6M
- 8.68%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NBIG
- 1D
- -6.73%
- 1M
- 83.04%
- YTD
- 453.13%
- 6M
- 273.38%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IRE vs. NBIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IRE Defiance Daily Target 2X Long IREN ETF | 61.20% | -74.55% |
NBIG Leverage Shares 2X Long NBIS Daily ETF | 453.13% | -62.34% |
Correlation
The correlation between IRE and NBIG is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 28, 2025 | 0.62 |
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Return for Risk
IRE vs. NBIG - 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 NBIS Daily ETF (NBIG). 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 | NBIG | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | -0.29 | 1.21 | -1.50 |
Drawdowns
IRE vs. NBIG - Drawdown Comparison
The maximum IRE drawdown since its inception was -90.87%, which is greater than NBIG's maximum drawdown of -75.83%. Use the drawdown chart below to compare losses from any high point for IRE and NBIG.
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Drawdown Indicators
| IRE | NBIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.87% | -75.83% | -15.04% |
Current DrawdownCurrent decline from peak | -68.95% | -9.57% | -59.38% |
Average DrawdownAverage peak-to-trough decline | -69.97% | -43.08% | -26.89% |
Volatility
IRE vs. NBIG - Volatility Comparison
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Volatility by Period
| IRE | NBIG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 214.53% | 201.21% | +13.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 214.53% | 201.21% | +13.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 214.53% | 201.21% | +13.32% |
IRE vs. NBIG - Expense Ratio Comparison
IRE has a 1.31% expense ratio, which is higher than NBIG's 0.75% expense ratio.
Dividends
IRE vs. NBIG - Dividend Comparison
Neither IRE nor NBIG has paid dividends to shareholders.
Frequently Asked Questions
IRE and NBIG have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NBIG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NBIG is cheaper with a 0.75% expense ratio, compared with 1.31% for IRE.
IRE and NBIG 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 NBIG.
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