IREX vs. COIG
IREX (Tradr 2X Long IREN Daily ETF) and COIG (Leverage Shares 2X Long COIN Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.42 correlation, their price movements are largely independent. IREX charges 1.30%/yr vs 0.75%/yr for COIG.
Performance
IREX vs. COIG - Performance Comparison
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Returns By Period
In the year-to-date period, IREX achieves a -41.04% return, which is significantly higher than COIG's -66.33% return.
IREX
- 1D
- -3.40%
- 1M
- -56.50%
- 6M
- -58.77%
- YTD
- -41.04%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COIG
- 1D
- 0.67%
- 1M
- -5.71%
- 6M
- -69.95%
- YTD
- -66.33%
- 1Y
- -91.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IREX vs. COIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IREX Tradr 2X Long IREN Daily ETF | -41.04% | -61.06% |
COIG Leverage Shares 2X Long COIN Daily ETF | -66.33% | -55.44% |
Correlation
The correlation between IREX and COIG is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025 | 0.42 |
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Return for Risk
IREX vs. COIG — Risk / Return Rank
IREX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
COIG
IREX vs. COIG - 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 COIN Daily ETF (COIG). 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.
| IREX | COIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.82 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.97 | — |
| Martin ratioReturn relative to average drawdown | — | -1.27 | — |
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Drawdowns
IREX vs. COIG - Drawdown Comparison
The maximum IREX drawdown since its inception was -90.28%, roughly equal to the maximum COIG drawdown of -93.79%. Use the drawdown chart below to compare losses from any high point for IREX and COIG.
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Drawdown Indicators
| IREX | COIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.28% | -93.79% | +3.51% |
Max Drawdown (1Y)Largest decline over 1 year | — | -93.79% | — |
Current DrawdownCurrent decline from peak | -88.36% | -92.43% | +4.07% |
Average DrawdownAverage peak-to-trough decline | -70.90% | -54.60% | -16.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 71.95% | — |
Volatility
IREX vs. COIG - Volatility Comparison
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Volatility by Period
| IREX | COIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 33.74% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 103.75% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 213.60% | 133.85% | +79.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 213.60% | 144.71% | +68.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 213.60% | 144.71% | +68.89% |
IREX vs. COIG - Expense Ratio Comparison
IREX has a 1.30% expense ratio, which is higher than COIG's 0.75% expense ratio.
Dividends
IREX vs. COIG - Dividend Comparison
Neither IREX nor COIG has paid dividends to shareholders.
Frequently Asked Questions
IREX and COIG have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COIG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COIG is cheaper with a 0.75% expense ratio, compared with 1.30% for IREX.
IREX and COIG 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 COIG.
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