IREX vs. CRMG
IREX (Tradr 2X Long IREN Daily ETF) and CRMG (Leverage Shares 2X Long CRM Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.08, they often move in opposite directions. IREX charges 1.30%/yr vs 0.75%/yr for CRMG.
Performance
IREX vs. CRMG - 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 CRMG's -56.09% return.
IREX
- 1D
- -11.08%
- 1M
- 14.58%
- YTD
- 53.26%
- 6M
- -5.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRMG
- 1D
- -1.95%
- 1M
- -1.95%
- YTD
- -56.09%
- 6M
- -50.25%
- 1Y
- -60.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IREX vs. CRMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IREX Tradr 2X Long IREN Daily ETF | 53.26% | -64.89% |
CRMG Leverage Shares 2X Long CRM Daily ETF | -56.09% | 4.10% |
Correlation
The correlation between IREX and CRMG is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 24, 2025 | -0.08 |
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Return for Risk
IREX vs. CRMG — Risk / Return Rank
IREX
CRMG
IREX vs. CRMG - 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 CRM Daily ETF (CRMG). 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 | CRMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.30 | -0.65 | +0.35 |
Drawdowns
IREX vs. CRMG - Drawdown Comparison
The maximum IREX drawdown since its inception was -90.28%, which is greater than CRMG's maximum drawdown of -74.38%. Use the drawdown chart below to compare losses from any high point for IREX and CRMG.
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Drawdown Indicators
| IREX | CRMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.28% | -74.38% | -15.90% |
Max Drawdown (1Y)Largest decline over 1 year | — | -70.91% | — |
Current DrawdownCurrent decline from peak | -69.73% | -67.87% | -1.86% |
Average DrawdownAverage peak-to-trough decline | -69.81% | -37.81% | -32.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 41.08% | — |
Volatility
IREX vs. CRMG - Volatility Comparison
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Volatility by Period
| IREX | CRMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 34.03% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 63.87% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 213.58% | 75.31% | +138.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 213.58% | 75.62% | +137.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 213.58% | 75.62% | +137.96% |
IREX vs. CRMG - Expense Ratio Comparison
IREX has a 1.30% expense ratio, which is higher than CRMG's 0.75% expense ratio.
Dividends
IREX vs. CRMG - Dividend Comparison
Neither IREX nor CRMG has paid dividends to shareholders.
Frequently Asked Questions
IREX and CRMG have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CRMG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CRMG is cheaper with a 0.75% expense ratio, compared with 1.30% for IREX.
IREX and CRMG 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 CRMG.
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