IREG vs. RXL
IREG (Leverage Shares 2X Long IREN Daily ETF) and RXL (ProShares Ultra Health Care) are both Leveraged Equities funds. IREG is actively managed, while RXL is passively managed. Their -0.13 correlation means they have often moved in opposite directions in the past. IREG charges 0.75%/yr vs 0.95%/yr for RXL.
Performance
IREG vs. RXL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IREG achieves a -57.67% return, which is significantly lower than RXL's 7.08% return.
IREG
- 1D
- -7.42%
- 1M
- -24.60%
- 6M
- -76.50%
- YTD
- -57.67%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
RXL
- 1D
- -1.31%
- 1M
- -2.22%
- 6M
- 7.76%
- YTD
- 7.08%
- 1Y
- 46.85%
- 3Y*
- 8.58%
- 5Y*
- 2.44%
- 10Y*
- 12.62%
- ALL TIME*
- 14.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.88M | $7.65M | $9.55M | |
| $1.09M | $939.16K | $589.20K |
IREG vs. RXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IREG Leverage Shares 2X Long IREN Daily ETF | -57.67% | 16.86% |
RXL ProShares Ultra Health Care | 7.08% | -1.27% |
Correlation
The correlation between IREG and RXL is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025 | -0.13 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IREG vs. RXL — Risk / Return Rank
IREG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RXL
IREG vs. RXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long IREN Daily ETF (IREG) and ProShares Ultra Health Care (RXL). 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 | RXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.30 | — |
| Martin ratioReturn relative to average drawdown | — | 5.30 | — |
Loading charts...
Drawdowns
IREG vs. RXL - Drawdown Comparison
The maximum IREG drawdown since its inception was -88.63%, which is greater than RXL's maximum drawdown of -67.70%. Use the drawdown chart below to compare losses from any high point for IREG and RXL.
Loading charts...
Drawdown Indicators
| IREG | RXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.63% | -67.70% | -20.93% |
Max Drawdown (1Y)Largest decline over 1 year | — | -21.33% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -36.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.00% | — |
Current DrawdownCurrent decline from peak | -83.13% | -5.57% | -77.56% |
Average DrawdownAverage peak-to-trough decline | -49.75% | -15.78% | -33.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.21% | — |
Volatility
IREG vs. RXL - Volatility Comparison
Loading charts...
Volatility by Period
| IREG | RXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 12.08% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 24.15% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 225.92% | 32.06% | +193.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 225.92% | 30.29% | +195.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 225.92% | 33.47% | +192.45% |
IREG vs. RXL - Expense Ratio Comparison
IREG has a 0.75% expense ratio, which is lower than RXL's 0.95% expense ratio.
Dividends
IREG vs. RXL - Dividend Comparison
IREG has not paid dividends to shareholders, while RXL's dividend yield for the trailing twelve months is around 1.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
RXL ProShares Ultra Health Care | 1.28% | 1.43% | 1.22% | 0.18% | 0.32% | 0.10% | 0.15% | 0.27% | 0.32% | 0.11% | 0.12% | 0.93% |
Frequently Asked Questions
IREG and RXL have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
IREG is cheaper with a 0.75% expense ratio, compared with 0.95% for RXL.
RXL has the higher dividend yield at 1.28%, compared with 0.00% for IREG.
They also come from different issuers: Leverage Shares and ProShares. Their fees differ too: 0.75% for IREG and 0.95% for RXL.
Find the right allocation for IREG and RXL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer