IREX vs. LULG
IREX (Tradr 2X Long IREN Daily ETF) and LULG (Leverage Shares 2X Long LULU 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 LULG.
Performance
IREX vs. LULG - 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 LULG's -68.58% return.
IREX
- 1D
- -11.08%
- 1M
- 14.58%
- YTD
- 53.26%
- 6M
- -5.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LULG
- 1D
- -1.59%
- 1M
- -10.00%
- YTD
- -68.58%
- 6M
- -60.69%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IREX vs. LULG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IREX Tradr 2X Long IREN Daily ETF | 53.26% | -80.25% |
LULG Leverage Shares 2X Long LULU Daily ETF | -68.58% | 47.31% |
Correlation
The correlation between IREX and LULG 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 Nov 6, 2025 | 0.04 |
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Return for Risk
IREX vs. LULG - 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 LULU Daily ETF (LULG). 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 | LULG | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | -0.30 | -0.87 | +0.57 |
Drawdowns
IREX vs. LULG - Drawdown Comparison
The maximum IREX drawdown since its inception was -90.28%, which is greater than LULG's maximum drawdown of -73.18%. Use the drawdown chart below to compare losses from any high point for IREX and LULG.
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Drawdown Indicators
| IREX | LULG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.28% | -73.18% | -17.10% |
Current DrawdownCurrent decline from peak | -69.73% | -70.90% | +1.17% |
Average DrawdownAverage peak-to-trough decline | -69.81% | -33.71% | -36.10% |
Volatility
IREX vs. LULG - Volatility Comparison
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Volatility by Period
| IREX | LULG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 213.58% | 85.42% | +128.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 213.58% | 85.42% | +128.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 213.58% | 85.42% | +128.16% |
IREX vs. LULG - Expense Ratio Comparison
IREX has a 1.30% expense ratio, which is higher than LULG's 0.75% expense ratio.
Dividends
IREX vs. LULG - Dividend Comparison
Neither IREX nor LULG has paid dividends to shareholders.
Frequently Asked Questions
IREX and LULG 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.
On fees, LULG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LULG is cheaper with a 0.75% expense ratio, compared with 1.30% for IREX.
IREX and LULG 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 LULG.
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