IREX vs. BEX

Last updated Jun 5, 2026

IREX (Tradr 2X Long IREN Daily ETF) and BEX (Tradr 2X Long BE Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.32, they often move in opposite directions. Both charge a 1.30% expense ratio.

Performance

IREX vs. BEX - Performance Comparison

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

Returns By Period

IREX

• 1D: -11.08%
• 1M: 14.58%
• YTD: 53.26%
• 6M: -5.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BEX

• 1D: 2.94%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IREX vs. BEX - Yearly Performance Comparison

	2026 (YTD)
IREX Tradr 2X Long IREN Daily ETF	4.73%
BEX Tradr 2X Long BE Daily ETF	-8.87%

Correlation

The correlation between IREX and BEX is -0.32, 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 May 27, 2026	-0.32

Return for Risk

IREX vs. BEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long IREN Daily ETF (IREX) and Tradr 2X Long BE Daily ETF (BEX). 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

	IREX	BEX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.30	-0.61	+0.31

Drawdowns

IREX vs. BEX - Drawdown Comparison

The maximum IREX drawdown since its inception was -90.28%, which is greater than BEX's maximum drawdown of -18.65%. Use the drawdown chart below to compare losses from any high point for IREX and BEX.

Drawdown Indicators

	IREX	BEX	Difference
Max Drawdown Largest peak-to-trough decline	-90.28%	-18.65%	-71.63%
Current Drawdown Current decline from peak	-69.73%	-8.87%	-60.86%
Average Drawdown Average peak-to-trough decline	-69.81%	-9.34%	-60.47%

Volatility

Volatility by Period

	IREX	BEX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	213.58%	170.67%	+42.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	213.58%	170.67%	+42.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	213.58%	170.67%	+42.91%

IREX vs. BEX - Expense Ratio Comparison

Both IREX and BEX have an expense ratio of 1.30%.

Dividends

IREX vs. BEX - Dividend Comparison

Neither IREX nor BEX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IREX and BEX in my portfolio?

IREX and BEX have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IREX or BEX?

Both ETFs have the same 1.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IREX or BEX?

IREX and BEX have the same expense ratio: 1.30% per year.

Which ETF pays a higher dividend yield, IREX or BEX?

IREX and BEX have nearly identical dividend yields, around 0.00%.

What is the main difference between IREX and BEX?

They also come from different issuers: Tradr ETFs and Tradr.