IREG vs. NETX

Last updated Jun 4, 2026

IREG (Leverage Shares 2X Long IREN Daily ETF) and NETX (Tradr 2X Long NET Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.24 correlation, their price movements are largely independent. IREG charges 0.75%/yr vs 1.30%/yr for NETX.

Performance

IREG vs. NETX - Performance Comparison

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

Returns By Period

IREG

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

NETX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IREG vs. NETX - Yearly Performance Comparison

	2026 (YTD)	2025
IREG Leverage Shares 2X Long IREN Daily ETF	76.42%	3.65%
NETX Tradr 2X Long NET Daily ETF	-18.20%	-1.15%

Correlation

The correlation between IREG and NETX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 17, 2025	0.24

Return for Risk

IREG vs. NETX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long IREN Daily ETF (IREG) and Tradr 2X Long NET Daily ETF (NETX). 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	NETX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	—	—

Drawdowns

Drawdown Indicators

	IREG	NETX	Difference
Max Drawdown Largest peak-to-trough decline	-80.08%	—	—
Current Drawdown Current decline from peak	-29.69%	—	—
Average Drawdown Average peak-to-trough decline	-44.09%	—	—

Volatility

Volatility by Period

	IREG	NETX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	208.00%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	208.00%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	208.00%	—	—

IREG vs. NETX - Expense Ratio Comparison

IREG has a 0.75% expense ratio, which is lower than NETX's 1.30% expense ratio.

Dividends

IREG vs. NETX - Dividend Comparison

Neither IREG nor NETX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IREG and NETX in my portfolio?

IREG and NETX have a correlation of 0.24, 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 NETX?

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 NETX?

IREG is cheaper with a 0.75% expense ratio, compared with 1.30% for NETX.

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

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

What is the main difference between IREG and NETX?

They also come from different issuers: Leverage Shares and Tradr ETFs. Their fees differ too: 0.75% for IREG and 1.30% for NETX.