IREG vs. DXD
IREG (Leverage Shares 2X Long IREN Daily ETF) and DXD (ProShares UltraShort Dow30) are both Leveraged Equities funds. IREG is actively managed, while DXD is passively managed. At a correlation of -0.36, they often move in opposite directions. IREG charges 0.75%/yr vs 0.95%/yr for DXD.
Performance
IREG vs. DXD - Performance Comparison
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Returns By Period
In the year-to-date period, IREG achieves a 24.82% return, which is significantly higher than DXD's -13.17% return.
IREG
- 1D
- -10.49%
- 1M
- -8.52%
- YTD
- 24.82%
- 6M
- 0.52%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DXD
- 1D
- -0.45%
- 1M
- -4.37%
- YTD
- -13.17%
- 6M
- -11.92%
- 1Y
- -31.21%
- 3Y*
- -21.91%
- 5Y*
- -16.12%
- 10Y*
- -25.22%
IREG vs. DXD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IREG Leverage Shares 2X Long IREN Daily ETF | 24.82% | 16.86% |
DXD ProShares UltraShort Dow30 | -13.17% | 1.90% |
Correlation
The correlation between IREG and DXD is -0.36, 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 Dec 16, 2025 | -0.36 |
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Return for Risk
IREG vs. DXD — Risk / Return Rank
IREG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DXD
IREG vs. DXD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long IREN Daily ETF (IREG) and ProShares UltraShort Dow30 (DXD). 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.
| IREG | DXD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.80 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -1.01 | — |
| Martin ratioReturn relative to average drawdown | — | -1.70 | — |
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Drawdowns
IREG vs. DXD - Drawdown Comparison
The maximum IREG drawdown since its inception was -80.08%, smaller than the maximum DXD drawdown of -99.71%. Use the drawdown chart below to compare losses from any high point for IREG and DXD.
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Drawdown Indicators
| IREG | DXD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.08% | -99.71% | +19.63% |
Max Drawdown (1Y)Largest decline over 1 year | — | -30.90% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -57.68% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -66.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.76% | — |
Current DrawdownCurrent decline from peak | -50.25% | -99.71% | +49.46% |
Average DrawdownAverage peak-to-trough decline | -44.08% | -82.33% | +38.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 19.75% | — |
Volatility
IREG vs. DXD - Volatility Comparison
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Volatility by Period
| IREG | DXD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.34% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.74% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 208.41% | 24.98% | +183.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 208.41% | 29.60% | +178.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 208.41% | 34.98% | +173.43% |
IREG vs. DXD - Expense Ratio Comparison
IREG has a 0.75% expense ratio, which is lower than DXD's 0.95% expense ratio.
Dividends
IREG vs. DXD - Dividend Comparison
IREG has not paid dividends to shareholders, while DXD's dividend yield for the trailing twelve months is around 4.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DXD ProShares UltraShort Dow30 | 4.26% | 4.25% | 5.91% | 3.87% | 0.25% | 0.00% | 0.31% | 1.76% | 1.15% | 0.12% |
IREG Leverage Shares 2X Long IREN Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IREG and DXD have a correlation of -0.36, 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 0.95% for DXD.
DXD has the higher dividend yield at 4.26%, compared with 0.00% for IREG.
They also come from different issuers: Leverage Shares and ProShares. Their fees differ too: 0.75% for IREG and 0.95% for DXD.
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