IREG vs. HOOG
IREG (Leverage Shares 2X Long IREN Daily ETF) and HOOG (Leverage Shares 2X Long HOOD Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.
Performance
IREG vs. HOOG - Performance Comparison
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Returns By Period
In the year-to-date period, IREG achieves a 76.42% return, which is significantly higher than HOOG's -60.40% return.
IREG
- 1D
- -3.13%
- 1M
- 56.03%
- YTD
- 76.42%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOOG
- 1D
- -12.13%
- 1M
- 10.59%
- YTD
- -60.40%
- 6M
- -72.73%
- 1Y
- -29.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IREG vs. HOOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IREG Leverage Shares 2X Long IREN Daily ETF | 76.42% | 3.65% |
HOOG Leverage Shares 2X Long HOOD Daily ETF | -60.40% | -11.64% |
Correlation
The correlation between IREG and HOOG is 0.52, 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 | 0.52 |
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Return for Risk
IREG vs. HOOG — Risk / Return Rank
IREG
HOOG
IREG vs. HOOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long IREN Daily ETF (IREG) and Leverage Shares 2X Long HOOD Daily ETF (HOOG). 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.
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Sharpe Ratios by Period
| IREG | HOOG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.33 | 0.31 | +1.02 |
Drawdowns
IREG vs. HOOG - Drawdown Comparison
The maximum IREG drawdown since its inception was -80.08%, smaller than the maximum HOOG drawdown of -86.94%. Use the drawdown chart below to compare losses from any high point for IREG and HOOG.
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Drawdown Indicators
| IREG | HOOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.08% | -86.94% | +6.86% |
Max Drawdown (1Y)Largest decline over 1 year | — | -86.94% | — |
Current DrawdownCurrent decline from peak | -29.69% | -81.53% | +51.84% |
Average DrawdownAverage peak-to-trough decline | -44.09% | -37.56% | -6.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 53.22% | — |
Volatility
IREG vs. HOOG - Volatility Comparison
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Volatility by Period
| IREG | HOOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 41.51% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 100.64% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 208.00% | 137.15% | +70.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 208.00% | 144.88% | +63.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 208.00% | 144.88% | +63.12% |
IREG vs. HOOG - Expense Ratio Comparison
Both IREG and HOOG have an expense ratio of 0.75%.
Dividends
IREG vs. HOOG - Dividend Comparison
IREG has not paid dividends to shareholders, while HOOG's dividend yield for the trailing twelve months is around 31.07%.
| Position | TTM | 2025 |
|---|---|---|
HOOG Leverage Shares 2X Long HOOD Daily ETF | 31.07% | 12.30% |
IREG Leverage Shares 2X Long IREN Daily ETF | 0.00% | 0.00% |
Frequently Asked Questions
IREG and HOOG have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IREG and HOOG have the same expense ratio: 0.75% per year.
HOOG has the higher dividend yield at 31.07%, compared with 0.00% for IREG.
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