LABX vs. IREG

Last updated Aug 1, 2026

LABX (Tradr 2X Long ALAB Daily ETF) and IREG (Leverage Shares 2X Long IREN Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their 0.53 correlation means they have sometimes moved together and sometimes differently. LABX charges 1.30%/yr vs 0.75%/yr for IREG.

Performance

LABX vs. IREG - Performance Comparison

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

Returns By Period

In the year-to-date period, LABX achieves a 74.20% return, which is significantly higher than IREG's -57.67% return.

LABX

• 1D: 7.97%
• 1M: -47.53%
• 6M: 121.72%
• YTD: 74.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

IREG

• 1D: -7.42%
• 1M: -24.60%
• 6M: -76.50%
• YTD: -57.67%
• 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)
IREG Leverage Shares 2X Long IREN Daily ETF	$8.88M	$7.65M	$9.55M
LABX Tradr 2X Long ALAB Daily ETF	$10.13M	$17.26M	$25.80M

LABX vs. IREG - Yearly Performance Comparison

	2026 (YTD)	2025
LABX Tradr 2X Long ALAB Daily ETF	74.20%	31.34%
IREG Leverage Shares 2X Long IREN Daily ETF	-57.67%	16.86%

Correlation

The correlation between LABX and IREG is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025	0.53

Return for Risk

LABX vs. IREG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long ALAB Daily ETF (LABX) 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.

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

LABX vs. IREG - Drawdown Comparison

The maximum LABX drawdown since its inception was -90.93%, roughly equal to the maximum IREG drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for LABX and IREG.

Drawdown Indicators

	LABX	IREG	Difference
Max Drawdown Largest peak-to-trough decline	-90.93%	-88.63%	-2.30%
Current Drawdown Current decline from peak	-63.93%	-83.13%	+19.20%
Average Drawdown Average peak-to-trough decline	-53.31%	-49.75%	-3.56%

Volatility

Volatility by Period

	LABX	IREG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	196.34%	225.92%	-29.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	196.34%	225.92%	-29.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	196.34%	225.92%	-29.58%

LABX vs. IREG - Expense Ratio Comparison

LABX has a 1.30% expense ratio, which is higher than IREG's 0.75% expense ratio.

Dividends

LABX vs. IREG - Dividend Comparison

Neither LABX nor IREG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LABX and IREG in my portfolio?

LABX and IREG have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LABX or IREG?

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.

Which ETF is cheaper, LABX or IREG?

IREG is cheaper with a 0.75% expense ratio, compared with 1.30% for LABX.

Which ETF pays a higher dividend yield, LABX or IREG?

LABX and IREG have nearly identical dividend yields, around 0.00%.

What is the main difference between LABX and IREG?

They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.30% for LABX and 0.75% for IREG.