IRE vs. XDSQ
IRE (Defiance Daily Target 2X Long IREN ETF) and XDSQ (Innovator US Equity Accelerated ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.43 correlation, their price movements are largely independent. IRE charges 1.31%/yr vs 0.79%/yr for XDSQ.
Performance
IRE vs. XDSQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IRE achieves a 61.20% return, which is significantly higher than XDSQ's 2.80% return.
IRE
- 1D
- -3.62%
- 1M
- 53.26%
- YTD
- 61.20%
- 6M
- 8.68%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XDSQ
- 1D
- 0.01%
- 1M
- 1.59%
- YTD
- 2.80%
- 6M
- 3.86%
- 1Y
- 15.98%
- 3Y*
- 15.02%
- 5Y*
- 9.80%
- 10Y*
- —
IRE vs. XDSQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IRE Defiance Daily Target 2X Long IREN ETF | 61.20% | -65.76% |
XDSQ Innovator US Equity Accelerated ETF | 2.80% | 3.42% |
Correlation
The correlation between IRE and XDSQ is 0.43, 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 22, 2025 | 0.44 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IRE vs. XDSQ — Risk / Return Rank
IRE
XDSQ
IRE vs. XDSQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long IREN ETF (IRE) and Innovator US Equity Accelerated ETF (XDSQ). 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.
Loading charts...
Sharpe Ratios by Period
| IRE | XDSQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.52 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.29 | 0.69 | -0.98 |
Drawdowns
IRE vs. XDSQ - Drawdown Comparison
The maximum IRE drawdown since its inception was -90.87%, which is greater than XDSQ's maximum drawdown of -26.06%. Use the drawdown chart below to compare losses from any high point for IRE and XDSQ.
Loading charts...
Drawdown Indicators
| IRE | XDSQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.87% | -26.06% | -64.81% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.60% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.15% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.06% | — |
Current DrawdownCurrent decline from peak | -68.95% | 0.00% | -68.95% |
Average DrawdownAverage peak-to-trough decline | -69.97% | -4.96% | -65.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.01% | — |
Volatility
IRE vs. XDSQ - Volatility Comparison
Loading charts...
Volatility by Period
| IRE | XDSQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.57% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.40% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 214.53% | 10.56% | +203.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 214.53% | 15.27% | +199.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 214.53% | 15.10% | +199.43% |
IRE vs. XDSQ - Expense Ratio Comparison
IRE has a 1.31% expense ratio, which is higher than XDSQ's 0.79% expense ratio.
Dividends
IRE vs. XDSQ - Dividend Comparison
Neither IRE nor XDSQ has paid dividends to shareholders.
Frequently Asked Questions
IRE and XDSQ have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDSQ is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDSQ is cheaper with a 0.79% expense ratio, compared with 1.31% for IRE.
IRE and XDSQ have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance ETFs and Innovator. Their fees differ too: 1.31% for IRE and 0.79% for XDSQ.
Find the right allocation for IRE and XDSQ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer