IREG vs. PLUL

Last updated Jun 4, 2026

IREG (Leverage Shares 2X Long IREN Daily ETF) and PLUL (Leverage Shares 2X Long PLUG Daily ETF) are both Leveraged Equities funds from Leverage Shares. IREG is actively managed, while PLUL is passively managed. A 0.51 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

IREG vs. PLUL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long IREN Daily ETF (IREG) and Leverage Shares 2X Long PLUG Daily ETF (PLUL). 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*: —

PLUL

• 1D: -19.28%
• 1M: 27.31%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IREG vs. PLUL - Yearly Performance Comparison

	2026 (YTD)
IREG Leverage Shares 2X Long IREN Daily ETF	-5.30%
PLUL Leverage Shares 2X Long PLUG Daily ETF	76.52%

Correlation

The correlation between IREG and PLUL 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 Jan 14, 2026	0.51

Return for Risk

IREG vs. PLUL - 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 PLUG Daily ETF (PLUL). 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	PLUL	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	1.78	-0.45

Drawdowns

IREG vs. PLUL - Drawdown Comparison

The maximum IREG drawdown since its inception was -80.08%, which is greater than PLUL's maximum drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for IREG and PLUL.

Drawdown Indicators

	IREG	PLUL	Difference
Max Drawdown Largest peak-to-trough decline	-80.08%	-55.44%	-24.64%
Current Drawdown Current decline from peak	-29.69%	-21.67%	-8.02%
Average Drawdown Average peak-to-trough decline	-44.09%	-23.90%	-20.19%

Volatility

Volatility by Period

	IREG	PLUL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	208.00%	191.06%	+16.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	208.00%	191.06%	+16.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	208.00%	191.06%	+16.94%

IREG vs. PLUL - Expense Ratio Comparison

Both IREG and PLUL have an expense ratio of 0.75%.

Dividends

IREG vs. PLUL - Dividend Comparison

Neither IREG nor PLUL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IREG and PLUL in my portfolio?

IREG and PLUL 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 PLUL?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IREG or PLUL?

IREG and PLUL have the same expense ratio: 0.75% per year.

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

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