IREX vs. ADBG
IREX (Tradr 2X Long IREN Daily ETF) and ADBG (Leverage Shares 2X Long ADBE Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.19, they often move in opposite directions. IREX charges 1.30%/yr vs 0.75%/yr for ADBG.
Performance
IREX vs. ADBG - Performance Comparison
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Returns By Period
In the year-to-date period, IREX achieves a 53.26% return, which is significantly higher than ADBG's -52.15% return.
IREX
- 1D
- -11.08%
- 1M
- 14.58%
- YTD
- 53.26%
- 6M
- -5.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ADBG
- 1D
- 1.66%
- 1M
- -0.81%
- YTD
- -52.15%
- 6M
- -46.56%
- 1Y
- -69.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IREX vs. ADBG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IREX Tradr 2X Long IREN Daily ETF | 53.26% | -64.89% |
ADBG Leverage Shares 2X Long ADBE Daily ETF | -52.15% | -5.72% |
Correlation
The correlation between IREX and ADBG is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 24, 2025 | -0.19 |
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Return for Risk
IREX vs. ADBG — Risk / Return Rank
IREX
ADBG
IREX vs. ADBG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long IREN Daily ETF (IREX) and Leverage Shares 2X Long ADBE Daily ETF (ADBG). 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.
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Sharpe Ratios by Period
| IREX | ADBG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.30 | -0.90 | +0.60 |
Drawdowns
IREX vs. ADBG - Drawdown Comparison
The maximum IREX drawdown since its inception was -90.28%, which is greater than ADBG's maximum drawdown of -76.71%. Use the drawdown chart below to compare losses from any high point for IREX and ADBG.
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Drawdown Indicators
| IREX | ADBG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.28% | -76.71% | -13.57% |
Max Drawdown (1Y)Largest decline over 1 year | — | -76.23% | — |
Current DrawdownCurrent decline from peak | -69.73% | -70.94% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -69.81% | -41.74% | -28.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 50.32% | — |
Volatility
IREX vs. ADBG - Volatility Comparison
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Volatility by Period
| IREX | ADBG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 27.74% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 56.25% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 213.58% | 67.12% | +146.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 213.58% | 66.85% | +146.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 213.58% | 66.85% | +146.73% |
IREX vs. ADBG - Expense Ratio Comparison
IREX has a 1.30% expense ratio, which is higher than ADBG's 0.75% expense ratio.
Dividends
IREX vs. ADBG - Dividend Comparison
Neither IREX nor ADBG has paid dividends to shareholders.
Frequently Asked Questions
IREX and ADBG have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ADBG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ADBG is cheaper with a 0.75% expense ratio, compared with 1.30% for IREX.
IREX and ADBG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Tradr ETFs and Leverage Shares. Their fees differ too: 1.30% for IREX and 0.75% for ADBG.
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