SNXX vs. IREG

Last updated Jun 5, 2026

SNXX (Tradr 2X Long SNDK Daily 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. SNXX charges 1.49%/yr vs 0.75%/yr for IREG.

Performance

SNXX vs. IREG - Performance Comparison

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

Returns By Period

SNXX

• 1D: -4.86%
• 1M: 46.48%
• YTD: —
• 6M: —
• 1Y: —
• 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)

SNXX vs. IREG - Yearly Performance Comparison

	2026 (YTD)
SNXX Tradr 2X Long SNDK Daily ETF	808.37%
IREG Leverage Shares 2X Long IREN Daily ETF	-31.07%

Correlation

The correlation between SNXX 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 Jan 28, 2026	0.37

Return for Risk

SNXX vs. IREG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long SNDK Daily ETF (SNXX) 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

	SNXX	IREG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	266.61	0.90	+265.71

Drawdowns

SNXX vs. IREG - Drawdown Comparison

The maximum SNXX drawdown since its inception was -48.39%, smaller than the maximum IREG drawdown of -80.08%. Use the drawdown chart below to compare losses from any high point for SNXX and IREG.

Drawdown Indicators

	SNXX	IREG	Difference
Max Drawdown Largest peak-to-trough decline	-48.39%	-80.08%	+31.69%
Current Drawdown Current decline from peak	-4.86%	-37.68%	+32.82%
Average Drawdown Average peak-to-trough decline	-15.51%	-44.04%	+28.53%

Volatility

Volatility by Period

	SNXX	IREG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	194.54%	207.94%	-13.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	194.54%	207.94%	-13.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	194.54%	207.94%	-13.40%

SNXX vs. IREG - Expense Ratio Comparison

SNXX has a 1.49% expense ratio, which is higher than IREG's 0.75% expense ratio.

Dividends

SNXX vs. IREG - Dividend Comparison

Neither SNXX nor IREG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SNXX and IREG in my portfolio?

SNXX 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, SNXX 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, SNXX or IREG?

IREG is cheaper with a 0.75% expense ratio, compared with 1.49% for SNXX.

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

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

What is the main difference between SNXX and IREG?

They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.49% for SNXX and 0.75% for IREG.