LULG vs. IREG

Last updated Jun 5, 2026

LULG (Leverage Shares 2X Long LULU Daily ETF) and IREG (Leverage Shares 2X Long IREN Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. At a 0.12 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

LULG vs. IREG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long LULU Daily ETF (LULG) 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, LULG achieves a -68.58% return, which is significantly lower than IREG's 56.37% return.

LULG

• 1D: -1.59%
• 1M: -10.00%
• YTD: -68.58%
• 6M: -60.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IREG

• 1D: -11.36%
• 1M: 14.10%
• YTD: 56.37%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LULG vs. IREG - Yearly Performance Comparison

	2026 (YTD)	2025
LULG Leverage Shares 2X Long LULU Daily ETF	-68.58%	0.33%
IREG Leverage Shares 2X Long IREN Daily ETF	56.37%	3.65%

Correlation

The correlation between LULG and IREG is 0.12, 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	0.12

Return for Risk

LULG vs. IREG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long LULU Daily ETF (LULG) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	LULG	IREG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.87	0.90	-1.77

Drawdowns

LULG vs. IREG - Drawdown Comparison

The maximum LULG drawdown since its inception was -73.18%, smaller than the maximum IREG drawdown of -80.08%. Use the drawdown chart below to compare losses from any high point for LULG and IREG.

Drawdown Indicators

	LULG	IREG	Difference
Max Drawdown Largest peak-to-trough decline	-73.18%	-80.08%	+6.90%
Current Drawdown Current decline from peak	-70.90%	-37.68%	-33.22%
Average Drawdown Average peak-to-trough decline	-33.71%	-44.04%	+10.33%

Volatility

Volatility by Period

	LULG	IREG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	85.42%	207.94%	-122.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.42%	207.94%	-122.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.42%	207.94%	-122.52%

LULG vs. IREG - Expense Ratio Comparison

Both LULG and IREG have an expense ratio of 0.75%.

Dividends

LULG vs. IREG - Dividend Comparison

Neither LULG nor IREG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LULG and IREG in my portfolio?

LULG and IREG have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LULG or IREG?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LULG or IREG?

LULG and IREG have the same expense ratio: 0.75% per year.

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

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