PLUL vs. IREG

Last updated Jun 4, 2026

PLUL (Leverage Shares 2X Long PLUG Daily ETF) and IREG (Leverage Shares 2X Long IREN Daily ETF) are both Leveraged Equities funds from Leverage Shares. PLUL is passively managed, while IREG is actively managed. A 0.51 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

PLUL vs. IREG - Performance Comparison

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

Returns By Period

PLUL

• 1D: -19.28%
• 1M: 27.31%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IREG

• 1D: -3.13%
• 1M: 56.03%
• YTD: 76.42%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLUL vs. IREG - Yearly Performance Comparison

	2026 (YTD)
PLUL Leverage Shares 2X Long PLUG Daily ETF	76.52%
IREG Leverage Shares 2X Long IREN Daily ETF	-5.30%

Correlation

The correlation between PLUL and IREG is 0.51, 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 Jan 14, 2026	0.51

Return for Risk

PLUL vs. IREG - Risk-Adjusted Trends Comparison

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

	PLUL	IREG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.78	1.33	+0.45

Drawdowns

PLUL vs. IREG - Drawdown Comparison

The maximum PLUL drawdown since its inception was -55.44%, smaller than the maximum IREG drawdown of -80.08%. Use the drawdown chart below to compare losses from any high point for PLUL and IREG.

Drawdown Indicators

	PLUL	IREG	Difference
Max Drawdown Largest peak-to-trough decline	-55.44%	-80.08%	+24.64%
Current Drawdown Current decline from peak	-21.67%	-29.69%	+8.02%
Average Drawdown Average peak-to-trough decline	-23.90%	-44.09%	+20.19%

Volatility

Volatility by Period

	PLUL	IREG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	191.06%	208.00%	-16.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	191.06%	208.00%	-16.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	191.06%	208.00%	-16.94%

PLUL vs. IREG - Expense Ratio Comparison

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

Dividends

PLUL vs. IREG - Dividend Comparison

Neither PLUL nor IREG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PLUL and IREG in my portfolio?

PLUL and IREG have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PLUL 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, PLUL or IREG?

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

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

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