IREX vs. FIGG

Last updated Jun 23, 2026

IREX (Tradr 2X Long IREN Daily ETF) and FIGG (Leverage Shares 2X Long FIG Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.04 correlation, their price movements are largely independent. IREX charges 1.30%/yr vs 0.75%/yr for FIGG.

Performance

IREX vs. FIGG - 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 FIG Daily ETF (FIGG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IREX achieves a 21.44% return, which is significantly higher than FIGG's -82.27% return.

IREX

• 1D: -10.38%
• 1M: -8.51%
• YTD: 21.44%
• 6M: -2.77%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FIGG

• 1D: 2.15%
• 1M: -33.77%
• YTD: -82.27%
• 6M: -83.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IREX vs. FIGG - Yearly Performance Comparison

	2026 (YTD)	2025
IREX Tradr 2X Long IREN Daily ETF	21.44%	-61.06%
FIGG Leverage Shares 2X Long FIG Daily ETF	-82.27%	-53.64%

Correlation

The correlation between IREX and FIGG is 0.04, 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 23, 2025	0.04

Return for Risk

IREX vs. FIGG - 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 FIG Daily ETF (FIGG). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

IREX vs. FIGG - Drawdown Comparison

The maximum IREX drawdown since its inception was -90.28%, smaller than the maximum FIGG drawdown of -95.11%. Use the drawdown chart below to compare losses from any high point for IREX and FIGG.

Drawdown Indicators

	IREX	FIGG	Difference
Max Drawdown Largest peak-to-trough decline	-90.28%	-95.11%	+4.83%
Current Drawdown Current decline from peak	-76.01%	-94.48%	+18.47%
Average Drawdown Average peak-to-trough decline	-69.75%	-77.81%	+8.06%

Volatility

Volatility by Period

	IREX	FIGG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	213.49%	144.26%	+69.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	213.49%	144.26%	+69.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	213.49%	144.26%	+69.23%

IREX vs. FIGG - Expense Ratio Comparison

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

Dividends

IREX vs. FIGG - Dividend Comparison

Neither IREX nor FIGG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IREX and FIGG in my portfolio?

IREX and FIGG have a correlation of 0.04, 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 FIGG?

On fees, FIGG 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 FIGG?

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

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

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

What is the main difference between IREX and FIGG?

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