IREX vs. TSLG
IREX (Tradr 2X Long IREN Daily ETF) and TSLG (Leverage Shares 2X Long TSLA Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their 0.41 correlation means their historical movements had little consistent relationship. IREX charges 1.30%/yr vs 0.75%/yr for TSLG.
Performance
IREX vs. TSLG - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IREX having a -59.26% return and TSLG slightly lower at -61.16%.
IREX
- 1D
- -7.69%
- 1M
- -25.12%
- 6M
- -77.29%
- YTD
- -59.26%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TSLG
- 1D
- 1.40%
- 1M
- -40.66%
- 6M
- -56.70%
- YTD
- -61.16%
- 1Y
- -25.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -58.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $22.60M | $19.41M | $32.20M | |
| $155.67M | $179.44M | $248.17M |
IREX vs. TSLG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IREX Tradr 2X Long IREN Daily ETF | -59.26% | -61.06% |
TSLG Leverage Shares 2X Long TSLA Daily ETF | -61.16% | -1.66% |
Correlation
The correlation between IREX and TSLG is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 23, 2025 | 0.41 |
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Return for Risk
IREX vs. TSLG — Risk / Return Rank
IREX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSLG
IREX vs. TSLG - 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 TSLA Daily ETF (TSLG). 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.
| IREX | TSLG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.02 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.40 | — |
| Martin ratioReturn relative to average drawdown | — | -0.88 | — |
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Drawdowns
IREX vs. TSLG - Drawdown Comparison
The maximum IREX drawdown since its inception was -94.59%, which is greater than TSLG's maximum drawdown of -82.86%. Use the drawdown chart below to compare losses from any high point for IREX and TSLG.
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Drawdown Indicators
| IREX | TSLG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.59% | -82.86% | -11.73% |
Max Drawdown (1Y)Largest decline over 1 year | — | -70.10% | — |
Current DrawdownCurrent decline from peak | -91.95% | -80.38% | -11.57% |
Average DrawdownAverage peak-to-trough decline | -72.44% | -59.54% | -12.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 31.52% | — |
Volatility
IREX vs. TSLG - Volatility Comparison
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Volatility by Period
| IREX | TSLG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 43.40% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 70.84% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 226.65% | 92.73% | +133.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 226.65% | 116.54% | +110.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 226.65% | 116.54% | +110.11% |
IREX vs. TSLG - Expense Ratio Comparison
IREX has a 1.30% expense ratio, which is higher than TSLG's 0.75% expense ratio.
Dividends
IREX vs. TSLG - Dividend Comparison
IREX has not paid dividends to shareholders, while TSLG's dividend yield for the trailing twelve months is around 16.86%.
| Position | TTM | 2025 |
|---|---|---|
IREX Tradr 2X Long IREN Daily ETF | 0.00% | 0.00% |
TSLG Leverage Shares 2X Long TSLA Daily ETF | 16.86% | 6.55% |
Frequently Asked Questions
IREX and TSLG have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSLG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSLG is cheaper with a 0.75% expense ratio, compared with 1.30% for IREX.
TSLG has the higher dividend yield at 16.86%, compared with 0.00% for IREX.
They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.30% for IREX and 0.75% for TSLG.
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