RVNL vs. IREG
RVNL (GraniteShares 2x Long RIVN Daily ETF) and IREG (Leverage Shares 2X Long IREN Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their 0.33 correlation means their historical movements had little consistent relationship. RVNL charges 1.15%/yr vs 0.75%/yr for IREG.
Performance
RVNL vs. IREG - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with RVNL having a -59.36% return and IREG slightly higher at -57.67%.
RVNL
- 1D
- -19.28%
- 1M
- -39.48%
- 6M
- -25.62%
- YTD
- -59.36%
- 1Y
- -18.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -11.97%
IREG
- 1D
- -7.42%
- 1M
- -24.60%
- 6M
- -76.50%
- YTD
- -57.67%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.88M | $7.65M | $9.55M | |
| $2.76M | $4.10M | $2.75M |
RVNL vs. IREG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RVNL GraniteShares 2x Long RIVN Daily ETF | -59.36% | 6.97% |
IREG Leverage Shares 2X Long IREN Daily ETF | -57.67% | 16.86% |
Correlation
The correlation between RVNL and IREG is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025 | 0.33 |
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Return for Risk
RVNL vs. IREG — Risk / Return Rank
RVNL
IREG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RVNL vs. IREG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long RIVN Daily ETF (RVNL) 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.
| RVNL | IREG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.09 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | — | — |
| Martin ratioReturn relative to average drawdown | -0.55 | — | — |
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Drawdowns
RVNL vs. IREG - Drawdown Comparison
The maximum RVNL drawdown since its inception was -72.92%, smaller than the maximum IREG drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for RVNL and IREG.
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Drawdown Indicators
| RVNL | IREG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.92% | -88.63% | +15.71% |
Max Drawdown (1Y)Largest decline over 1 year | -72.92% | — | — |
Current DrawdownCurrent decline from peak | -68.83% | -83.13% | +14.30% |
Average DrawdownAverage peak-to-trough decline | -42.42% | -49.75% | +7.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.41% | — | — |
Volatility
RVNL vs. IREG - Volatility Comparison
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Volatility by Period
| RVNL | IREG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 62.71% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 107.27% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 141.47% | 225.92% | -84.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 131.75% | 225.92% | -94.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 131.75% | 225.92% | -94.17% |
RVNL vs. IREG - Expense Ratio Comparison
RVNL has a 1.15% expense ratio, which is higher than IREG's 0.75% expense ratio.
Dividends
RVNL vs. IREG - Dividend Comparison
Neither RVNL nor IREG has paid dividends to shareholders.
Frequently Asked Questions
RVNL and IREG have a correlation of 0.33, 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 1.15% for RVNL.
RVNL and IREG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.15% for RVNL and 0.75% for IREG.
Find the right allocation for RVNL and IREG
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