IREX vs. UNX

Last updated Aug 1, 2026

IREX (Tradr 2X Long IREN Daily ETF) and UNX (Tradr 2X Long U Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. Their 0.29 correlation means their historical movements had little consistent relationship. Both charge a 1.30% expense ratio.

Performance

IREX vs. UNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long IREN Daily ETF (IREX) and Tradr 2X Long U Daily ETF (UNX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IREX achieves a -59.26% return, which is significantly higher than UNX's -71.36% return.

IREX

• 1D: -7.69%
• 1M: -25.12%
• 6M: -77.29%
• YTD: -59.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

UNX

• 1D: -9.70%
• 1M: 14.25%
• 6M: -23.99%
• YTD: -71.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IREX Tradr 2X Long IREN Daily ETF	$22.60M	$19.41M	$32.20M
UNX Tradr 2X Long U Daily ETF	$95.61K	$103.32K	$213.47K

IREX vs. UNX - Yearly Performance Comparison

	2026 (YTD)	2025
IREX Tradr 2X Long IREN Daily ETF	-59.26%	-61.06%
UNX Tradr 2X Long U Daily ETF	-71.36%	42.38%

Correlation

The correlation between IREX and UNX is 0.29, 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	0.29

Return for Risk

IREX vs. UNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long IREN Daily ETF (IREX) and Tradr 2X Long U Daily ETF (UNX). 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.

Drawdowns

IREX vs. UNX - Drawdown Comparison

The maximum IREX drawdown since its inception was -94.59%, roughly equal to the maximum UNX drawdown of -92.59%. Use the drawdown chart below to compare losses from any high point for IREX and UNX.

Drawdown Indicators

	IREX	UNX	Difference
Max Drawdown Largest peak-to-trough decline	-94.59%	-92.59%	-2.00%
Current Drawdown Current decline from peak	-91.95%	-77.59%	-14.36%
Average Drawdown Average peak-to-trough decline	-72.44%	-59.10%	-13.34%

Volatility

Volatility by Period

	IREX	UNX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	226.65%	149.49%	+77.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	226.65%	149.49%	+77.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	226.65%	149.49%	+77.16%

IREX vs. UNX - Expense Ratio Comparison

Both IREX and UNX have an expense ratio of 1.30%.

Dividends

IREX vs. UNX - Dividend Comparison

Neither IREX nor UNX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IREX and UNX in my portfolio?

IREX and UNX have a correlation of 0.29, 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 UNX?

Both ETFs have the same 1.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IREX or UNX?

IREX and UNX have the same expense ratio: 1.30% per year.

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

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