IREG vs. USD
IREG (Leverage Shares 2X Long IREN Daily ETF) and USD (ProShares Ultra Semiconductors) are both Leveraged Equities funds. IREG is actively managed, while USD is passively managed. A 0.55 correlation means they provide meaningful diversification when combined. IREG charges 0.75%/yr vs 0.95%/yr for USD.
Performance
IREG vs. USD - Performance Comparison
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Returns By Period
In the year-to-date period, IREG achieves a -56.64% return, which is significantly lower than USD's 63.25% return.
IREG
- 1D
- -17.70%
- 1M
- -68.18%
- 6M
- -75.75%
- YTD
- -56.64%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USD
- 1D
- -7.37%
- 1M
- -12.52%
- 6M
- 51.62%
- YTD
- 63.25%
- 1Y
- 108.17%
- 3Y*
- 94.08%
- 5Y*
- 61.69%
- 10Y*
- 56.23%
IREG vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IREG Leverage Shares 2X Long IREN Daily ETF | -56.64% | 16.86% |
USD ProShares Ultra Semiconductors | 63.25% | 7.11% |
Correlation
The correlation between IREG and USD is 0.55, 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 | 0.55 |
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Return for Risk
IREG vs. USD — Risk / Return Rank
IREG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
USD
IREG vs. USD - 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 Semiconductors (USD). 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 | USD | 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 | — | 3.42 | — |
| Martin ratioReturn relative to average drawdown | — | 8.81 | — |
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Drawdowns
IREG vs. USD - Drawdown Comparison
The maximum IREG drawdown since its inception was -82.72%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for IREG and USD.
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Drawdown Indicators
| IREG | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.72% | -88.63% | +5.91% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.80% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -64.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.85% | — |
Current DrawdownCurrent decline from peak | -82.72% | -24.58% | -58.14% |
Average DrawdownAverage peak-to-trough decline | -47.36% | -32.25% | -15.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.32% | — |
Volatility
IREG vs. USD - Volatility Comparison
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Volatility by Period
| IREG | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 30.75% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 58.47% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 208.41% | 71.05% | +137.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 208.41% | 78.28% | +130.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 208.41% | 70.10% | +138.31% |
IREG vs. USD - Expense Ratio Comparison
IREG has a 0.75% expense ratio, which is lower than USD's 0.95% expense ratio.
Dividends
IREG vs. USD - Dividend Comparison
IREG has not paid dividends to shareholders, while USD's dividend yield for the trailing twelve months is around 0.35%.
| 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% |
USD ProShares Ultra Semiconductors | 0.35% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
IREG and USD have a correlation of 0.55, 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 USD.
USD has the higher dividend yield at 0.35%, 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 USD.
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