IREX vs. WULX

Last updated Jun 5, 2026

IREX (Tradr 2X Long IREN Daily ETF) and WULX (Tradr 2X Long WULF Daily ETF) are both Leveraged Equities funds from Tradr ETFs. Both are actively managed. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 1.30% expense ratio.

Performance

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

Returns By Period

In the year-to-date period, IREX achieves a 53.26% return, which is significantly lower than WULX's 238.44% return.

IREX

• 1D: -11.08%
• 1M: 14.58%
• YTD: 53.26%
• 6M: -5.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WULX

• 1D: 0.11%
• 1M: 16.80%
• YTD: 238.44%
• 6M: 81.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IREX vs. WULX - Yearly Performance Comparison

	2026 (YTD)	2025
IREX Tradr 2X Long IREN Daily ETF	53.26%	-64.89%
WULX Tradr 2X Long WULF Daily ETF	238.44%	-37.27%

Correlation

The correlation between IREX and WULX is 0.71, 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 24, 2025	0.71

Return for Risk

IREX vs. WULX - 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 WULF Daily ETF (WULX). 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	WULX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.30	1.31	-1.61

Drawdowns

IREX vs. WULX - Drawdown Comparison

The maximum IREX drawdown since its inception was -90.28%, which is greater than WULX's maximum drawdown of -60.48%. Use the drawdown chart below to compare losses from any high point for IREX and WULX.

Drawdown Indicators

	IREX	WULX	Difference
Max Drawdown Largest peak-to-trough decline	-90.28%	-60.48%	-29.80%
Current Drawdown Current decline from peak	-69.73%	-4.65%	-65.08%
Average Drawdown Average peak-to-trough decline	-69.81%	-30.51%	-39.30%

Volatility

Volatility by Period

	IREX	WULX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	213.58%	188.68%	+24.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	213.58%	188.68%	+24.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	213.58%	188.68%	+24.90%

IREX vs. WULX - Expense Ratio Comparison

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

Dividends

IREX vs. WULX - Dividend Comparison

Neither IREX nor WULX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IREX and WULX in my portfolio?

IREX and WULX have a correlation of 0.71, 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 WULX?

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 WULX?

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

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

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