REW vs. IREG
REW (ProShares UltraShort Technology) and IREG (Leverage Shares 2X Long IREN Daily ETF) are both Leveraged Equities funds. REW is passively managed, while IREG is actively managed. At a correlation of -0.50, they often move in opposite directions. REW charges 0.95%/yr vs 0.75%/yr for IREG.
Performance
REW vs. IREG - Performance Comparison
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Returns By Period
In the year-to-date period, REW achieves a -46.84% return, which is significantly lower than IREG's 56.37% return.
REW
- 1D
- 3.10%
- 1M
- -27.36%
- YTD
- -46.84%
- 6M
- -45.91%
- 1Y
- -64.13%
- 3Y*
- -46.81%
- 5Y*
- -39.85%
- 10Y*
- -44.91%
IREG
- 1D
- -11.36%
- 1M
- 14.10%
- YTD
- 56.37%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
REW vs. IREG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
REW ProShares UltraShort Technology | -46.84% | -2.07% |
IREG Leverage Shares 2X Long IREN Daily ETF | 56.37% | 3.65% |
Correlation
The correlation between REW and IREG is -0.50, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 17, 2025 | -0.50 |
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Return for Risk
REW vs. IREG — Risk / Return Rank
REW
IREG
REW vs. IREG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Technology (REW) 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.
| REW | IREG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.70 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | — | — |
| Martin ratioReturn relative to average drawdown | -1.95 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| REW | IREG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.52 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.77 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.92 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.79 | 0.90 | -1.68 |
Drawdowns
REW vs. IREG - Drawdown Comparison
The maximum REW drawdown since its inception was -99.99%, which is greater than IREG's maximum drawdown of -80.08%. Use the drawdown chart below to compare losses from any high point for REW and IREG.
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Drawdown Indicators
| REW | IREG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -80.08% | -19.91% |
Max Drawdown (1Y)Largest decline over 1 year | -66.25% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -86.76% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -93.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.79% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -37.68% | -62.31% |
Average DrawdownAverage peak-to-trough decline | -86.88% | -44.04% | -42.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.85% | — | — |
Volatility
REW vs. IREG - Volatility Comparison
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Volatility by Period
| REW | IREG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.34% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 34.28% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 42.16% | 207.94% | -165.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.63% | 207.94% | -156.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.84% | 207.94% | -159.10% |
REW vs. IREG - Expense Ratio Comparison
REW has a 0.95% expense ratio, which is higher than IREG's 0.75% expense ratio.
Dividends
REW vs. IREG - Dividend Comparison
REW's dividend yield for the trailing twelve months is around 10.71%, while IREG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IREG Leverage Shares 2X Long IREN Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
REW ProShares UltraShort Technology | 10.71% | 6.69% | 5.68% | 5.97% | 0.65% | 0.00% | 0.27% | 1.80% | 0.51% |
Frequently Asked Questions
REW and IREG have a correlation of -0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
IREG is cheaper with a 0.75% expense ratio, compared with 0.95% for REW.
REW has the higher dividend yield at 10.71%, compared with 0.00% for IREG.
They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for REW and 0.75% for IREG.
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