IREX vs. NBIG
IREX (Tradr 2X Long IREN Daily ETF) and NBIG (Leverage Shares 2X Long NBIS Daily ETF) are both Leveraged Equities funds. Both are actively managed. A 0.61 correlation means they provide meaningful diversification when combined. IREX charges 1.30%/yr vs 0.75%/yr for NBIG.
Performance
IREX vs. NBIG - Performance Comparison
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Returns By Period
In the year-to-date period, IREX achieves a 53.26% return, which is significantly lower than NBIG's 487.61% return.
IREX
- 1D
- -11.08%
- 1M
- 14.58%
- YTD
- 53.26%
- 6M
- -5.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NBIG
- 1D
- 6.23%
- 1M
- 96.57%
- YTD
- 487.61%
- 6M
- 268.04%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IREX vs. NBIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IREX Tradr 2X Long IREN Daily ETF | 53.26% | -73.67% |
NBIG Leverage Shares 2X Long NBIS Daily ETF | 487.61% | -62.34% |
Correlation
The correlation between IREX and NBIG is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 28, 2025 | 0.61 |
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Return for Risk
IREX vs. NBIG - 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 NBIS Daily ETF (NBIG). 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 | NBIG | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | -0.30 | 1.38 | -1.68 |
Drawdowns
IREX vs. NBIG - Drawdown Comparison
The maximum IREX drawdown since its inception was -90.28%, which is greater than NBIG's maximum drawdown of -75.83%. Use the drawdown chart below to compare losses from any high point for IREX and NBIG.
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Drawdown Indicators
| IREX | NBIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.28% | -75.83% | -14.45% |
Current DrawdownCurrent decline from peak | -69.73% | -3.94% | -65.79% |
Average DrawdownAverage peak-to-trough decline | -69.81% | -42.82% | -26.99% |
Volatility
IREX vs. NBIG - Volatility Comparison
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Volatility by Period
| IREX | NBIG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 213.58% | 200.64% | +12.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 213.58% | 200.64% | +12.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 213.58% | 200.64% | +12.94% |
IREX vs. NBIG - Expense Ratio Comparison
IREX has a 1.30% expense ratio, which is higher than NBIG's 0.75% expense ratio.
Dividends
IREX vs. NBIG - Dividend Comparison
Neither IREX nor NBIG has paid dividends to shareholders.
Frequently Asked Questions
IREX and NBIG have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NBIG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NBIG is cheaper with a 0.75% expense ratio, compared with 1.30% for IREX.
IREX and NBIG 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 NBIG.
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