MPG vs. IREG

Last updated Jul 17, 2026

MPG (Leverage Shares 2X Long MP Daily ETF) and IREG (Leverage Shares 2X Long IREN Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. A 0.57 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

MPG vs. IREG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long MP Daily ETF (MPG) 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, MPG achieves a -43.34% return, which is significantly higher than IREG's -56.64% return.

MPG

• 1D: -16.13%
• 1M: -38.73%
• 6M: -66.34%
• YTD: -43.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IREG

• 1D: -17.70%
• 1M: -68.18%
• 6M: -75.75%
• YTD: -56.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MPG vs. IREG - Yearly Performance Comparison

	2026 (YTD)	2025
MPG Leverage Shares 2X Long MP Daily ETF	-43.34%	-10.61%
IREG Leverage Shares 2X Long IREN Daily ETF	-56.64%	16.86%

Correlation

The correlation between MPG and IREG is 0.57, 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 Dec 16, 2025	0.57

Return for Risk

MPG vs. IREG - Risk-Adjusted Trends Comparison

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

MPG vs. IREG - Drawdown Comparison

The maximum MPG drawdown since its inception was -71.31%, smaller than the maximum IREG drawdown of -82.72%. Use the drawdown chart below to compare losses from any high point for MPG and IREG.

Drawdown Indicators

	MPG	IREG	Difference
Max Drawdown Largest peak-to-trough decline	-71.31%	-82.72%	+11.41%
Current Drawdown Current decline from peak	-71.31%	-82.72%	+11.41%
Average Drawdown Average peak-to-trough decline	-37.68%	-47.36%	+9.68%

Volatility

Volatility by Period

	MPG	IREG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	145.05%	208.41%	-63.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.05%	208.41%	-63.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.05%	208.41%	-63.36%

MPG vs. IREG - Expense Ratio Comparison

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

Dividends

MPG vs. IREG - Dividend Comparison

Neither MPG nor IREG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MPG and IREG in my portfolio?

MPG and IREG have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MPG 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, MPG or IREG?

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

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

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