NVDU vs. IREG

Last updated Jun 5, 2026

NVDU (Direxion Daily NVDA Bull 2X Shares ETF) and IREG (Leverage Shares 2X Long IREN Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.37 correlation, their price movements are largely independent. NVDU charges 1.04%/yr vs 0.75%/yr for IREG.

Performance

NVDU vs. IREG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily NVDA Bull 2X Shares ETF (NVDU) 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, NVDU achieves a 24.68% return, which is significantly lower than IREG's 56.37% return.

NVDU

• 1D: 3.97%
• 1M: 21.27%
• YTD: 24.68%
• 6M: 26.89%
• 1Y: 90.38%
• 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)

NVDU vs. IREG - Yearly Performance Comparison

	2026 (YTD)	2025
NVDU Direxion Daily NVDA Bull 2X Shares ETF	24.68%	9.17%
IREG Leverage Shares 2X Long IREN Daily ETF	56.37%	3.65%

Correlation

The correlation between NVDU and IREG is 0.37, 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

Return for Risk

NVDU vs. IREG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NVDU

NVDU Risk / Return Rank: 38
NVDU Sharpe Ratio Rank: 39
NVDU Sortino Ratio Rank: 39
NVDU Omega Ratio Rank: 36
NVDU Calmar Ratio Rank: 44
NVDU Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NVDU vs. IREG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NVDA Bull 2X Shares ETF (NVDU) 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.

	NVDU	IREG	Difference
Sharpe ratio: Return per unit of total volatility	1.34	—	—
Sortino ratio: Return per unit of downside risk	1.96	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	2.15	—	—
Martin ratio: Return relative to average drawdown	4.90	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NVDU	IREG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	0.90	+0.27

Drawdowns

NVDU vs. IREG - Drawdown Comparison

The maximum NVDU drawdown since its inception was -67.27%, smaller than the maximum IREG drawdown of -80.08%. Use the drawdown chart below to compare losses from any high point for NVDU and IREG.

Drawdown Indicators

	NVDU	IREG	Difference
Max Drawdown Largest peak-to-trough decline	-67.27%	-80.08%	+12.81%
Max Drawdown (1Y) Largest decline over 1 year	-42.27%	—	—
Current Drawdown Current decline from peak	-15.08%	-37.68%	+22.60%
Average Drawdown Average peak-to-trough decline	-18.83%	-44.04%	+25.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.50%	—	—

Volatility

Volatility by Period

	NVDU	IREG	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	50.62%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	67.91%	207.94%	-140.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	91.02%	207.94%	-116.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.02%	207.94%	-116.92%

NVDU vs. IREG - Expense Ratio Comparison

NVDU has a 1.04% expense ratio, which is higher than IREG's 0.75% expense ratio.

Dividends

NVDU vs. IREG - Dividend Comparison

NVDU's dividend yield for the trailing twelve months is around 4.65%, while IREG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
IREG Leverage Shares 2X Long IREN Daily ETF	0.00%	0.00%	0.00%	0.00%
NVDU Direxion Daily NVDA Bull 2X Shares ETF	4.65%	5.68%	16.85%	0.63%

Frequently Asked Questions

Can I hold both NVDU and IREG in my portfolio?

NVDU and IREG have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NVDU 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, NVDU or IREG?

IREG is cheaper with a 0.75% expense ratio, compared with 1.04% for NVDU.

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

NVDU has the higher dividend yield at 4.65%, compared with 0.00% for IREG.

What is the main difference between NVDU and IREG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.04% for NVDU and 0.75% for IREG.