IREG vs. LEGR

Last updated Jun 24, 2026

IREG (Leverage Shares 2X Long IREN Daily ETF) and LEGR (First Trust Indxx Innovative Transaction & Process ETF) are both exchange-traded funds - IREG is a Leveraged Equities fund actively managed by Leverage Shares, while LEGR is a Blockchain fund tracking the Indxx Blockchain Index. IREG is actively managed, while LEGR is passively managed. A 0.51 correlation means they provide meaningful diversification when combined. IREG charges 0.75%/yr vs 0.65%/yr for LEGR.

Performance

IREG vs. LEGR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long IREN Daily ETF (IREG) and First Trust Indxx Innovative Transaction & Process ETF (LEGR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IREG achieves a 15.19% return, which is significantly higher than LEGR's 9.24% return.

IREG

• 1D: -7.71%
• 1M: -15.58%
• YTD: 15.19%
• 6M: -7.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LEGR

• 1D: -1.93%
• 1M: -0.51%
• YTD: 9.24%
• 6M: 9.24%
• 1Y: 25.32%
• 3Y*: 22.41%
• 5Y*: 11.36%
• 10Y*: —

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

IREG vs. LEGR - Yearly Performance Comparison

	2026 (YTD)	2025
IREG Leverage Shares 2X Long IREN Daily ETF	15.19%	16.86%
LEGR First Trust Indxx Innovative Transaction & Process ETF	9.24%	2.03%

Correlation

The correlation between IREG and LEGR is 0.51, 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 16, 2025	0.51

Return for Risk

IREG vs. LEGR — Risk / Return Rank

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

IREG

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

LEGR

LEGR Risk / Return Rank: 53
LEGR Sharpe Ratio Rank: 54
LEGR Sortino Ratio Rank: 52
LEGR Omega Ratio Rank: 52
LEGR Calmar Ratio Rank: 53
LEGR Martin Ratio Rank: 54

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. LEGR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long IREN Daily ETF (IREG) and First Trust Indxx Innovative Transaction & Process ETF (LEGR). 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	LEGR	Difference
Sharpe ratio: Return per unit of total volatility	—	1.76	—
Sortino ratio: Return per unit of downside risk	—	2.39	—
Omega ratio: Gain probability vs. loss probability	—	1.31	—
Calmar ratio: Return relative to maximum drawdown	—	2.45	—
Martin ratio: Return relative to average drawdown	—	8.91	—

Drawdowns

IREG vs. LEGR - Drawdown Comparison

The maximum IREG drawdown since its inception was -80.08%, which is greater than LEGR's maximum drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for IREG and LEGR.

Drawdown Indicators

	IREG	LEGR	Difference
Max Drawdown Largest peak-to-trough decline	-80.08%	-36.12%	-43.96%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.40%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.25%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.45%	—
Current Drawdown Current decline from peak	-54.09%	-4.26%	-49.83%
Average Drawdown Average peak-to-trough decline	-44.16%	-6.59%	-37.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.85%	—

Volatility

Volatility by Period

	IREG	LEGR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.98%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	207.96%	14.54%	+193.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	207.96%	17.09%	+190.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	207.96%	20.33%	+187.63%

IREG vs. LEGR - Expense Ratio Comparison

IREG has a 0.75% expense ratio, which is higher than LEGR's 0.65% expense ratio.

Dividends

IREG vs. LEGR - Dividend Comparison

IREG has not paid dividends to shareholders, while LEGR's dividend yield for the trailing twelve months is around 1.71%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
LEGR First Trust Indxx Innovative Transaction & Process ETF	1.71%	1.84%	2.40%	2.56%	2.64%	1.80%	0.95%	2.04%	1.30%

Frequently Asked Questions

Can I hold both IREG and LEGR in my portfolio?

IREG and LEGR have a correlation of 0.51, 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 LEGR?

On fees, LEGR is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IREG or LEGR?

LEGR is cheaper with a 0.65% expense ratio, compared with 0.75% for IREG.

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

LEGR has the higher dividend yield at 1.71%, compared with 0.00% for IREG.

What is the main difference between IREG and LEGR?

IREG is categorized as Leveraged Equities, while LEGR is Blockchain. They also come from different issuers: Leverage Shares and First Trust. Their fees differ too: 0.75% for IREG and 0.65% for LEGR.