JETU vs. IREG
JETU (MAX Airlines 3X Leveraged ETN) and IREG (Leverage Shares 2X Long IREN Daily ETF) are both Leveraged Equities funds. JETU is passively managed, while IREG is actively managed. At a 0.36 correlation, their price movements are largely independent. JETU charges 0.95%/yr vs 0.75%/yr for IREG.
Performance
JETU vs. IREG - Performance Comparison
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Returns By Period
In the year-to-date period, JETU achieves a 0.25% return, which is significantly lower than IREG's 56.37% return.
JETU
- 1D
- 2.80%
- 1M
- 20.37%
- YTD
- 0.25%
- 6M
- 15.97%
- 1Y
- 45.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IREG
- 1D
- -11.36%
- 1M
- 14.10%
- YTD
- 56.37%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JETU vs. IREG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JETU MAX Airlines 3X Leveraged ETN | 0.25% | -1.21% |
IREG Leverage Shares 2X Long IREN Daily ETF | 56.37% | 3.65% |
Correlation
The correlation between JETU and IREG is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 17, 2025 | 0.37 |
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Return for Risk
JETU vs. IREG — Risk / Return Rank
JETU
IREG
JETU vs. IREG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MAX Airlines 3X Leveraged ETN (JETU) and Leverage Shares 2X Long IREN Daily ETF (IREG). 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.
| JETU | IREG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.16 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | — | — |
| Martin ratioReturn relative to average drawdown | 2.33 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JETU | IREG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.90 | -0.81 |
Drawdowns
JETU vs. IREG - Drawdown Comparison
The maximum JETU drawdown since its inception was -68.64%, smaller than the maximum IREG drawdown of -80.08%. Use the drawdown chart below to compare losses from any high point for JETU and IREG.
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Drawdown Indicators
| JETU | IREG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.64% | -80.08% | +11.44% |
Max Drawdown (1Y)Largest decline over 1 year | -49.39% | — | — |
Current DrawdownCurrent decline from peak | -28.20% | -37.68% | +9.48% |
Average DrawdownAverage peak-to-trough decline | -29.52% | -44.04% | +14.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.77% | — | — |
Volatility
JETU vs. IREG - Volatility Comparison
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Volatility by Period
| JETU | IREG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.97% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 57.00% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 73.02% | 207.94% | -134.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.57% | 207.94% | -137.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.57% | 207.94% | -137.37% |
JETU vs. IREG - Expense Ratio Comparison
JETU has a 0.95% expense ratio, which is higher than IREG's 0.75% expense ratio.
Dividends
JETU vs. IREG - Dividend Comparison
Neither JETU nor IREG has paid dividends to shareholders.
Frequently Asked Questions
JETU and IREG have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IREG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IREG is cheaper with a 0.75% expense ratio, compared with 0.95% for JETU.
JETU and IREG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Max and Leverage Shares. Their fees differ too: 0.95% for JETU and 0.75% for IREG.
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