IRE vs. RGTZ

Last updated Jun 23, 2026

IRE (Defiance Daily Target 2X Long IREN ETF) and RGTZ (Defiance Daily Target 2X Short RGTI ETF) are both exchange-traded funds - IRE is a Leveraged Equities fund actively managed by Defiance ETFs, while RGTZ is a Inverse Equities fund actively managed by Defiance ETFs. Both are actively managed. At a correlation of -0.56, they often move in opposite directions. IRE charges 1.31%/yr vs 1.29%/yr for RGTZ.

Performance

IRE vs. RGTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long IREN ETF (IRE) and Defiance Daily Target 2X Short RGTI ETF (RGTZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IRE achieves a 12.25% return, which is significantly higher than RGTZ's -85.36% return.

IRE

• 1D: -10.65%
• 1M: -10.41%
• YTD: 12.25%
• 6M: -10.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RGTZ

• 1D: -1.08%
• 1M: 14.70%
• YTD: -85.36%
• 6M: -79.72%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IRE vs. RGTZ - Yearly Performance Comparison

	2026 (YTD)	2025
IRE Defiance Daily Target 2X Long IREN ETF	12.25%	-67.36%
RGTZ Defiance Daily Target 2X Short RGTI ETF	-85.36%	61.21%

Correlation

The correlation between IRE and RGTZ is -0.56, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 21, 2025	-0.56

Return for Risk

IRE vs. RGTZ - 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 Daily Target 2X Short RGTI ETF (RGTZ). 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.

Drawdowns

IRE vs. RGTZ - Drawdown Comparison

The maximum IRE drawdown since its inception was -90.87%, roughly equal to the maximum RGTZ drawdown of -92.92%. Use the drawdown chart below to compare losses from any high point for IRE and RGTZ.

Drawdown Indicators

	IRE	RGTZ	Difference
Max Drawdown Largest peak-to-trough decline	-90.87%	-92.92%	+2.05%
Current Drawdown Current decline from peak	-78.38%	-91.15%	+12.77%
Average Drawdown Average peak-to-trough decline	-70.13%	-44.28%	-25.85%

Volatility

Volatility by Period

	IRE	RGTZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	213.90%	218.95%	-5.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	213.90%	218.95%	-5.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	213.90%	218.95%	-5.05%

IRE vs. RGTZ - Expense Ratio Comparison

IRE has a 1.31% expense ratio, which is higher than RGTZ's 1.29% expense ratio.

Dividends

IRE vs. RGTZ - Dividend Comparison

Neither IRE nor RGTZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IRE and RGTZ in my portfolio?

IRE and RGTZ have a correlation of -0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IRE or RGTZ?

On fees, RGTZ is cheaper at 1.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IRE or RGTZ?

RGTZ is cheaper with a 1.29% expense ratio, compared with 1.31% for IRE.

Which ETF pays a higher dividend yield, IRE or RGTZ?

IRE and RGTZ have nearly identical dividend yields, around 0.00%.

What is the main difference between IRE and RGTZ?

IRE is categorized as Leveraged Equities, while RGTZ is Inverse Equities. Their fees differ too: 1.31% for IRE and 1.29% for RGTZ.