VALG vs. IREG

Last updated Jun 4, 2026

VALG (Leverage Shares 2X Long VALE Daily ETF) and IREG (Leverage Shares 2X Long IREN Daily ETF) are both Leveraged Equities funds from Leverage Shares. VALG is passively managed, while IREG is actively managed. At a 0.37 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

VALG vs. IREG - Performance Comparison

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

Returns By Period

In the year-to-date period, VALG achieves a 35.93% return, which is significantly lower than IREG's 76.42% return.

VALG

• 1D: -9.01%
• 1M: 1.55%
• YTD: 35.93%
• 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)

VALG vs. IREG - Yearly Performance Comparison

	2026 (YTD)	2025
VALG Leverage Shares 2X Long VALE Daily ETF	35.93%	3.65%
IREG Leverage Shares 2X Long IREN Daily ETF	76.42%	9.61%

Correlation

The correlation between VALG 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 Dec 19, 2025	0.37

Return for Risk

VALG vs. IREG - Risk-Adjusted Trends Comparison

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

	VALG	IREG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.52	1.33	+0.19

Drawdowns

VALG vs. IREG - Drawdown Comparison

The maximum VALG drawdown since its inception was -36.93%, smaller than the maximum IREG drawdown of -80.08%. Use the drawdown chart below to compare losses from any high point for VALG and IREG.

Drawdown Indicators

	VALG	IREG	Difference
Max Drawdown Largest peak-to-trough decline	-36.93%	-80.08%	+43.15%
Current Drawdown Current decline from peak	-21.33%	-29.69%	+8.36%
Average Drawdown Average peak-to-trough decline	-11.74%	-44.09%	+32.35%

Volatility

Volatility by Period

	VALG	IREG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	75.74%	208.00%	-132.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.74%	208.00%	-132.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.74%	208.00%	-132.26%

VALG vs. IREG - Expense Ratio Comparison

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

Dividends

VALG vs. IREG - Dividend Comparison

Neither VALG nor IREG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VALG and IREG in my portfolio?

VALG 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, VALG 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, VALG or IREG?

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

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

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