IREX vs. FUTG
IREX (Tradr 2X Long IREN Daily ETF) and FUTG (Leverage Shares 2X Long FUTU Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.43 correlation, their price movements are largely independent. IREX charges 1.30%/yr vs 0.75%/yr for FUTG.
Performance
IREX vs. FUTG - Performance Comparison
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Returns By Period
In the year-to-date period, IREX achieves a -48.39% return, which is significantly higher than FUTG's -75.76% return.
IREX
- 1D
- -2.79%
- 1M
- -61.92%
- 6M
- -72.44%
- YTD
- -48.39%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FUTG
- 1D
- 3.71%
- 1M
- -2.55%
- 6M
- -80.40%
- YTD
- -75.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IREX vs. FUTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IREX Tradr 2X Long IREN Daily ETF | -48.39% | -61.06% |
FUTG Leverage Shares 2X Long FUTU Daily ETF | -75.76% | -7.53% |
Correlation
The correlation between IREX and FUTG is 0.43, 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 | 0.43 |
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Return for Risk
IREX vs. FUTG - 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 FUTU Daily ETF (FUTG). 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.
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Drawdowns
IREX vs. FUTG - Drawdown Comparison
The maximum IREX drawdown since its inception was -90.28%, roughly equal to the maximum FUTG drawdown of -86.19%. Use the drawdown chart below to compare losses from any high point for IREX and FUTG.
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Drawdown Indicators
| IREX | FUTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.28% | -86.19% | -4.09% |
Current DrawdownCurrent decline from peak | -89.81% | -84.44% | -5.37% |
Average DrawdownAverage peak-to-trough decline | -71.10% | -46.53% | -24.57% |
Volatility
IREX vs. FUTG - Volatility Comparison
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Volatility by Period
| IREX | FUTG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 212.76% | 129.49% | +83.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 212.76% | 129.49% | +83.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 212.76% | 129.49% | +83.27% |
IREX vs. FUTG - Expense Ratio Comparison
IREX has a 1.30% expense ratio, which is higher than FUTG's 0.75% expense ratio.
Dividends
IREX vs. FUTG - Dividend Comparison
Neither IREX nor FUTG has paid dividends to shareholders.
Frequently Asked Questions
IREX and FUTG have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FUTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FUTG is cheaper with a 0.75% expense ratio, compared with 1.30% for IREX.
IREX and FUTG 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 FUTG.
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