OSCX vs. IRE

Last updated Jun 3, 2026

OSCX (Defiance Daily Target 2X Long OSCR ETF) and IRE (Defiance Daily Target 2X Long IREN ETF) are both Leveraged Equities funds from Defiance ETFs. Both are actively managed. At a 0.19 correlation, their price movements are largely independent. Both charge a 1.31% expense ratio.

Performance

OSCX vs. IRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long OSCR ETF (OSCX) and Defiance Daily Target 2X Long IREN ETF (IRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OSCX achieves a 63.92% return, which is significantly lower than IRE's 67.26% return.

OSCX

• 1D: -16.23%
• 1M: 22.83%
• YTD: 63.92%
• 6M: 13.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IRE

• 1D: 4.06%
• 1M: 85.35%
• YTD: 67.26%
• 6M: 27.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OSCX vs. IRE - Yearly Performance Comparison

	2026 (YTD)	2025
OSCX Defiance Daily Target 2X Long OSCR ETF	63.92%	-64.74%
IRE Defiance Daily Target 2X Long IREN ETF	67.26%	-65.76%

Correlation

The correlation between OSCX and IRE is 0.19, 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 Oct 22, 2025	0.19

Return for Risk

OSCX vs. IRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long OSCR ETF (OSCX) and Defiance Daily Target 2X Long IREN ETF (IRE). 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

	OSCX	IRE	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.20	-0.28	+0.08

Drawdowns

OSCX vs. IRE - Drawdown Comparison

The maximum OSCX drawdown since its inception was -84.49%, smaller than the maximum IRE drawdown of -90.87%. Use the drawdown chart below to compare losses from any high point for OSCX and IRE.

Drawdown Indicators

	OSCX	IRE	Difference
Max Drawdown Largest peak-to-trough decline	-84.49%	-90.87%	+6.38%
Current Drawdown Current decline from peak	-47.89%	-67.79%	+19.90%
Average Drawdown Average peak-to-trough decline	-55.89%	-69.97%	+14.08%

Volatility

Volatility by Period

	OSCX	IRE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	146.86%	215.17%	-68.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	146.86%	215.17%	-68.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	146.86%	215.17%	-68.31%

OSCX vs. IRE - Expense Ratio Comparison

Both OSCX and IRE have an expense ratio of 1.31%.

Dividends

OSCX vs. IRE - Dividend Comparison

Neither OSCX nor IRE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both OSCX and IRE in my portfolio?

OSCX and IRE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OSCX or IRE?

Both ETFs have the same 1.31% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OSCX or IRE?

OSCX and IRE have the same expense ratio: 1.31% per year.

Which ETF pays a higher dividend yield, OSCX or IRE?

OSCX and IRE have nearly identical dividend yields, around 0.00%.