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IREG vs. AAPB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IREG vs. AAPB

Last updated Jun 4, 2026

IREG (Leverage Shares 2X Long IREN Daily ETF) and AAPB (GraniteShares 2x Long AAPL Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.16 correlation, their price movements are largely independent. IREG charges 0.75%/yr vs 1.15%/yr for AAPB.

Performance

IREG vs. AAPB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long IREN Daily ETF (IREG) and GraniteShares 2x Long AAPL Daily ETF (AAPB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IREG achieves a 76.42% return, which is significantly higher than AAPB's 23.70% return.

IREG

1D
-3.13%
1M
56.03%
YTD
76.42%
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

AAPB

1D
-3.30%
1M
24.81%
YTD
23.70%
6M
12.69%
1Y
106.72%
3Y*
23.23%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IREG vs. AAPB - Yearly Performance Comparison

2026 (YTD)2025
IREG
Leverage Shares 2X Long IREN Daily ETF		76.42%3.65%
AAPB
GraniteShares 2x Long AAPL Daily ETF		23.70%-2.36%

Correlation

The correlation between IREG and AAPB is 0.16, 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 Dec 17, 2025

0.16

Compare stocks, funds, or ETFs

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Leverage Shares 2X Long IREN Daily ETF

GraniteShares 2x Long AAPL Daily ETF

Often compared with IREG:
IREG vs. IREIREG vs. IREXIREG vs. RDTLIREG vs. LINTIREG vs. DXDIREG vs. MVLLIREG vs. RBLU
Often compared with AAPB:
AAPB vs. AAPUAAPB vs. AAPLAAPB vs. AAPXAAPB vs. SPMOAAPB vs. FNGUAAPB vs. NVDAAAPB vs. NVDL

Return for Risk

IREG vs. AAPB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IREG
AAPB
AAPB Risk / Return Rank: 6666
Overall Rank
AAPB Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
AAPB Sortino Ratio Rank: 6464
Sortino Ratio Rank
AAPB Omega Ratio Rank: 6363
Omega Ratio Rank
AAPB Calmar Ratio Rank: 7575
Calmar Ratio Rank
AAPB Martin Ratio Rank: 5353
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IREG vs. AAPB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long IREN Daily ETF (IREG) and GraniteShares 2x Long AAPL Daily ETF (AAPB). 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.

IREG vs. AAPB - Sharpe Ratio Comparison

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Sharpe Ratios by Period

IREGAAPBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

2.40

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.33

0.38

+0.95

Drawdowns

IREG vs. AAPB - Drawdown Comparison

The maximum IREG drawdown since its inception was -80.08%, which is greater than AAPB's maximum drawdown of -58.13%. Use the drawdown chart below to compare losses from any high point for IREG and AAPB.

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Drawdown Indicators

IREGAAPBDifference

Max Drawdown

Largest peak-to-trough decline

-80.08%

-58.13%

-21.95%

Max Drawdown (1Y)

Largest decline over 1 year

—

-28.11%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-58.13%

—

Current Drawdown

Current decline from peak

-29.69%

-3.30%

-26.39%

Average Drawdown

Average peak-to-trough decline

-44.09%

-19.36%

-24.73%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

11.64%

—

Volatility

IREG vs. AAPB - Volatility Comparison

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Volatility by Period

IREGAAPBDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

11.20%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

31.96%

—

Volatility (1Y)

Calculated over the trailing 1-year period

208.00%

44.82%

+163.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

208.00%

51.33%

+156.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

208.00%

51.33%

+156.67%

IREG vs. AAPB - Expense Ratio Comparison

IREG has a 0.75% expense ratio, which is lower than AAPB's 1.15% expense ratio.

Dividends

IREG vs. AAPB - Dividend Comparison

IREG has not paid dividends to shareholders, while AAPB's dividend yield for the trailing twelve months is around 3.55%.

PositionTTM202520242023
AAPB
GraniteShares 2x Long AAPL Daily ETF		3.55%4.39%0.00%18.75%
IREG
Leverage Shares 2X Long IREN Daily ETF		0.00%0.00%0.00%0.00%

Frequently Asked Questions

IREG and AAPB have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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 1.15% for AAPB.

AAPB has the higher dividend yield at 3.55%, compared with 0.00% for IREG.

They also come from different issuers: Leverage Shares and GraniteShares. Their fees differ too: 0.75% for IREG and 1.15% for AAPB.

Portfolio Optimizer

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