UMDD vs. IREG
UMDD (ProShares UltraPro MidCap400) and IREG (Leverage Shares 2X Long IREN Daily ETF) are both Leveraged Equities funds. UMDD is passively managed, while IREG is actively managed. At a 0.46 correlation, their price movements are largely independent. UMDD charges 0.95%/yr vs 0.75%/yr for IREG.
Performance
UMDD vs. IREG - Performance Comparison
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Returns By Period
In the year-to-date period, UMDD achieves a 30.98% return, which is significantly higher than IREG's 18.94% return.
UMDD
- 1D
- -5.71%
- 1M
- -4.03%
- YTD
- 30.98%
- 6M
- 28.69%
- 1Y
- 60.22%
- 3Y*
- 22.75%
- 5Y*
- 1.33%
- 10Y*
- 11.01%
IREG
- 1D
- -23.93%
- 1M
- -29.10%
- YTD
- 18.94%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UMDD vs. IREG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UMDD ProShares UltraPro MidCap400 | 30.98% | -1.91% |
IREG Leverage Shares 2X Long IREN Daily ETF | 18.94% | 3.65% |
Correlation
The correlation between UMDD and IREG is 0.46, 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 Dec 17, 2025 | 0.46 |
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Return for Risk
UMDD vs. IREG — Risk / Return Rank
UMDD
IREG
UMDD vs. IREG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro MidCap400 (UMDD) 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.
| UMDD | IREG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.23 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | — | — |
| Martin ratioReturn relative to average drawdown | 7.77 | — | — |
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
| UMDD | IREG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.27 | +0.05 |
Drawdowns
UMDD vs. IREG - Drawdown Comparison
The maximum UMDD drawdown since its inception was -86.24%, which is greater than IREG's maximum drawdown of -80.08%. Use the drawdown chart below to compare losses from any high point for UMDD and IREG.
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Drawdown Indicators
| UMDD | IREG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.24% | -80.08% | -6.16% |
Max Drawdown (1Y)Largest decline over 1 year | -26.04% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -60.33% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -64.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -86.24% | — | — |
Current DrawdownCurrent decline from peak | -10.29% | -52.59% | +42.30% |
Average DrawdownAverage peak-to-trough decline | -23.60% | -44.11% | +20.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.77% | — | — |
Volatility
UMDD vs. IREG - Volatility Comparison
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Volatility by Period
| UMDD | IREG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.19% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 34.72% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 47.03% | 210.32% | -163.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.94% | 210.32% | -151.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.29% | 210.32% | -148.03% |
UMDD vs. IREG - Expense Ratio Comparison
UMDD has a 0.95% expense ratio, which is higher than IREG's 0.75% expense ratio.
Dividends
UMDD vs. IREG - Dividend Comparison
UMDD's dividend yield for the trailing twelve months is around 0.80%, while IREG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
UMDD ProShares UltraPro MidCap400 | 0.80% | 1.00% | 0.76% | 0.19% | 0.49% | 0.06% | 0.08% | 0.64% | 0.32% | 0.00% | 0.03% | 0.06% |
Frequently Asked Questions
UMDD and IREG have a correlation of 0.46, 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 UMDD.
UMDD has the higher dividend yield at 0.80%, compared with 0.00% for IREG.
They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for UMDD and 0.75% for IREG.
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