IREG vs. IRE

Last updated Jun 23, 2026

IREG (Leverage Shares 2X Long IREN Daily ETF) and IRE (Defiance Daily Target 2X Long IREN ETF) are both Leveraged Equities funds. Both are actively managed. With a 1.00 correlation, they move nearly in lockstep. IREG charges 0.75%/yr vs 1.31%/yr for IRE.

Performance

IREG vs. IRE - Performance Comparison

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

Returns By Period

In the year-to-date period, IREG achieves a 24.82% return, which is significantly higher than IRE's 12.25% return.

IREG

• 1D: -10.49%
• 1M: -8.52%
• YTD: 24.82%
• 6M: 0.52%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IRE

• 1D: -10.65%
• 1M: -10.41%
• YTD: 12.25%
• 6M: -10.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IREG vs. IRE - Yearly Performance Comparison

	2026 (YTD)	2025
IREG Leverage Shares 2X Long IREN Daily ETF	24.82%	16.86%
IRE Defiance Daily Target 2X Long IREN ETF	12.25%	8.79%

Correlation

The correlation between IREG and IRE is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025	1.00

Return for Risk

IREG vs. IRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long IREN Daily ETF (IREG) and Defiance Daily Target 2X Long IREN ETF (IRE). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

IREG vs. IRE - Drawdown Comparison

The maximum IREG drawdown since its inception was -80.08%, smaller than the maximum IRE drawdown of -90.87%. Use the drawdown chart below to compare losses from any high point for IREG and IRE.

Drawdown Indicators

	IREG	IRE	Difference
Max Drawdown Largest peak-to-trough decline	-80.08%	-90.87%	+10.79%
Current Drawdown Current decline from peak	-50.25%	-78.38%	+28.13%
Average Drawdown Average peak-to-trough decline	-44.08%	-70.13%	+26.05%

Volatility

Volatility by Period

	IREG	IRE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	208.41%	213.90%	-5.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	208.41%	213.90%	-5.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	208.41%	213.90%	-5.49%

IREG vs. IRE - Expense Ratio Comparison

IREG has a 0.75% expense ratio, which is lower than IRE's 1.31% expense ratio.

Dividends

IREG vs. IRE - Dividend Comparison

Neither IREG nor IRE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IREG and IRE in my portfolio?

With a correlation of 1.00, IREG and IRE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, IREG or IRE?

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 IRE?

IREG is cheaper with a 0.75% expense ratio, compared with 1.31% for IRE.

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

IREG and IRE have nearly identical dividend yields, around 0.00%.

What is the main difference between IREG and IRE?

They also come from different issuers: Leverage Shares and Defiance ETFs. Their fees differ too: 0.75% for IREG and 1.31% for IRE.