IREG vs. EDC

Last updated Jun 4, 2026

IREG (Leverage Shares 2X Long IREN Daily ETF) and EDC (Direxion Daily Emerging Markets Bull 3X Shares) are both Leveraged Equities funds. IREG is actively managed, while EDC is passively managed. A 0.54 correlation means they provide meaningful diversification when combined. IREG charges 0.75%/yr vs 1.33%/yr for EDC.

Performance

IREG vs. EDC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long IREN Daily ETF (IREG) and Direxion Daily Emerging Markets Bull 3X Shares (EDC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IREG achieves a 76.42% return, which is significantly lower than EDC's 82.36% return.

IREG

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

EDC

• 1D: -3.74%
• 1M: 26.16%
• YTD: 82.36%
• 6M: 92.21%
• 1Y: 200.25%
• 3Y*: 52.64%
• 5Y*: -0.27%
• 10Y*: 8.70%

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

IREG vs. EDC - Yearly Performance Comparison

	2026 (YTD)	2025
IREG Leverage Shares 2X Long IREN Daily ETF	76.42%	3.65%
EDC Direxion Daily Emerging Markets Bull 3X Shares	82.36%	9.43%

Correlation

The correlation between IREG and EDC is 0.54, 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 Dec 17, 2025	0.54

Return for Risk

IREG vs. EDC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EDC

EDC Risk / Return Rank: 83
EDC Sharpe Ratio Rank: 92
EDC Sortino Ratio Rank: 73
EDC Omega Ratio Rank: 76
EDC Calmar Ratio Rank: 88
EDC Martin Ratio Rank: 87

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. EDC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long IREN Daily ETF (IREG) and Direxion Daily Emerging Markets Bull 3X Shares (EDC). 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.

Sharpe Ratios by Period

	IREG	EDC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.38	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.00	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.14	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	0.05	+1.28

Drawdowns

IREG vs. EDC - Drawdown Comparison

The maximum IREG drawdown since its inception was -80.08%, smaller than the maximum EDC drawdown of -92.54%. Use the drawdown chart below to compare losses from any high point for IREG and EDC.

Drawdown Indicators

	IREG	EDC	Difference
Max Drawdown Largest peak-to-trough decline	-80.08%	-92.54%	+12.46%
Max Drawdown (1Y) Largest decline over 1 year	—	-37.98%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-49.48%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-80.99%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-87.01%	—
Current Drawdown Current decline from peak	-29.69%	-61.29%	+31.60%
Average Drawdown Average peak-to-trough decline	-44.09%	-65.36%	+21.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.77%	—

Volatility

Volatility by Period

	IREG	EDC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	25.80%	—
Volatility (6M) Calculated over the trailing 6-month period	—	51.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	208.00%	59.67%	+148.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	208.00%	56.68%	+151.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	208.00%	60.69%	+147.31%

IREG vs. EDC - Expense Ratio Comparison

IREG has a 0.75% expense ratio, which is lower than EDC's 1.33% expense ratio.

Dividends

IREG vs. EDC - Dividend Comparison

IREG has not paid dividends to shareholders, while EDC's dividend yield for the trailing twelve months is around 0.93%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EDC Direxion Daily Emerging Markets Bull 3X Shares	0.93%	1.79%	3.94%	3.54%	0.00%	0.18%	0.44%	0.97%	0.78%	0.25%
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

Can I hold both IREG and EDC in my portfolio?

IREG and EDC have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IREG or EDC?

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.

Which ETF is cheaper, IREG or EDC?

IREG is cheaper with a 0.75% expense ratio, compared with 1.33% for EDC.

Which ETF pays a higher dividend yield, IREG or EDC?

EDC has the higher dividend yield at 0.93%, compared with 0.00% for IREG.

What is the main difference between IREG and EDC?

They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for IREG and 1.33% for EDC.