IREX vs. FUTG

Last updated Jun 4, 2026

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 0.45 correlation, their price movements are largely independent. IREX charges 1.30%/yr vs 0.75%/yr for FUTG.

Performance

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

Returns By Period

In the year-to-date period, IREX achieves a 72.36% return, which is significantly higher than FUTG's -75.53% return.

IREX

• 1D: -3.40%
• 1M: 55.61%
• YTD: 72.36%
• 6M: 17.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FUTG

• 1D: -11.10%
• 1M: -70.24%
• YTD: -75.53%
• 6M: -77.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IREX vs. FUTG - Yearly Performance Comparison

	2026 (YTD)	2025
IREX Tradr 2X Long IREN Daily ETF	72.36%	-64.89%
FUTG Leverage Shares 2X Long FUTU Daily ETF	-75.53%	-13.89%

Correlation

The correlation between IREX and FUTG is 0.45, 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 24, 2025	0.45

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.

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

Sharpe Ratios by Period

	IREX	FUTG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.27	-0.66	+0.39

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.

Drawdown Indicators

	IREX	FUTG	Difference
Max Drawdown Largest peak-to-trough decline	-90.28%	-86.19%	-4.09%
Current Drawdown Current decline from peak	-65.96%	-84.29%	+18.33%
Average Drawdown Average peak-to-trough decline	-69.81%	-40.35%	-29.46%

Volatility

Volatility by Period

	IREX	FUTG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	213.76%	136.01%	+77.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	213.76%	136.01%	+77.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	213.76%	136.01%	+77.75%

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.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IREX and FUTG in my portfolio?

IREX and FUTG have a correlation of 0.45, 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 FUTG?

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.

Which ETF is cheaper, IREX or FUTG?

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

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

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

What is the main difference between IREX and FUTG?

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