IREX vs. CIFG

Last updated Jun 5, 2026

IREX (Tradr 2X Long IREN Daily ETF) and CIFG (Leverage Shares 2X Long CIFR Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. IREX charges 1.30%/yr vs 0.75%/yr for CIFG.

Performance

IREX vs. CIFG - Performance Comparison

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

Returns By Period

In the year-to-date period, IREX achieves a 53.26% return, which is significantly lower than CIFG's 80.86% return.

IREX

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

CIFG

• 1D: -5.97%
• 1M: 23.71%
• YTD: 80.86%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IREX vs. CIFG - Yearly Performance Comparison

	2026 (YTD)	2025
IREX Tradr 2X Long IREN Daily ETF	53.26%	-30.64%
CIFG Leverage Shares 2X Long CIFR Daily ETF	80.86%	-42.39%

Correlation

The correlation between IREX and CIFG is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 12, 2025	0.82

Return for Risk

IREX vs. CIFG - 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 CIFR Daily ETF (CIFG). 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	CIFG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.30	0.04	-0.35

Drawdowns

IREX vs. CIFG - Drawdown Comparison

The maximum IREX drawdown since its inception was -90.28%, which is greater than CIFG's maximum drawdown of -71.71%. Use the drawdown chart below to compare losses from any high point for IREX and CIFG.

Drawdown Indicators

	IREX	CIFG	Difference
Max Drawdown Largest peak-to-trough decline	-90.28%	-71.71%	-18.57%
Current Drawdown Current decline from peak	-69.73%	-6.30%	-63.43%
Average Drawdown Average peak-to-trough decline	-69.81%	-37.74%	-32.07%

Volatility

Volatility by Period

	IREX	CIFG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	213.58%	203.21%	+10.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	213.58%	203.21%	+10.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	213.58%	203.21%	+10.37%

IREX vs. CIFG - Expense Ratio Comparison

IREX has a 1.30% expense ratio, which is higher than CIFG's 0.75% expense ratio.

Dividends

IREX vs. CIFG - Dividend Comparison

Neither IREX nor CIFG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IREX and CIFG in my portfolio?

IREX and CIFG have a correlation of 0.82, 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 CIFG?

On fees, CIFG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IREX or CIFG?

CIFG is cheaper with a 0.75% expense ratio, compared with 1.30% for IREX.

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

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

What is the main difference between IREX and CIFG?

They also come from different issuers: Tradr ETFs and Leverage Shares. Their fees differ too: 1.30% for IREX and 0.75% for CIFG.