WANT vs. IREG

Last updated Jun 5, 2026

WANT (Direxion Daily Consumer Discretionary Bull 3X Shares) and IREG (Leverage Shares 2X Long IREN Daily ETF) are both Leveraged Equities funds. WANT is passively managed, while IREG is actively managed. At a 0.36 correlation, their price movements are largely independent. WANT charges 0.98%/yr vs 0.75%/yr for IREG.

Performance

WANT vs. IREG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) 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, WANT achieves a -13.00% return, which is significantly lower than IREG's 56.37% return.

WANT

• 1D: 1.25%
• 1M: -3.67%
• YTD: -13.00%
• 6M: -12.78%
• 1Y: 8.75%
• 3Y*: 19.38%
• 5Y*: -5.12%
• 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)

WANT vs. IREG - Yearly Performance Comparison

	2026 (YTD)	2025
WANT Direxion Daily Consumer Discretionary Bull 3X Shares	-13.00%	-5.98%
IREG Leverage Shares 2X Long IREN Daily ETF	56.37%	3.65%

Correlation

The correlation between WANT and IREG is 0.36, 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	0.36

Return for Risk

WANT vs. IREG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WANT

WANT Risk / Return Rank: 13
WANT Sharpe Ratio Rank: 12
WANT Sortino Ratio Rank: 14
WANT Omega Ratio Rank: 14
WANT Calmar Ratio Rank: 12
WANT Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WANT vs. IREG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) 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.

	WANT	IREG	Difference
Sharpe ratio: Return per unit of total volatility	0.16	—	—
Sortino ratio: Return per unit of downside risk	0.61	—	—
Omega ratio: Gain probability vs. loss probability	1.07	—	—
Calmar ratio: Return relative to maximum drawdown	0.21	—	—
Martin ratio: Return relative to average drawdown	0.58	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	WANT	IREG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.16	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.90	-0.78

Drawdowns

WANT vs. IREG - Drawdown Comparison

The maximum WANT drawdown since its inception was -85.89%, which is greater than IREG's maximum drawdown of -80.08%. Use the drawdown chart below to compare losses from any high point for WANT and IREG.

Drawdown Indicators

	WANT	IREG	Difference
Max Drawdown Largest peak-to-trough decline	-85.89%	-80.08%	-5.81%
Max Drawdown (1Y) Largest decline over 1 year	-41.27%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-63.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-85.89%	—	—
Current Drawdown Current decline from peak	-58.07%	-37.68%	-20.39%
Average Drawdown Average peak-to-trough decline	-43.08%	-44.04%	+0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.17%	—	—

Volatility

Volatility by Period

	WANT	IREG	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	38.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	53.92%	207.94%	-154.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.64%	207.94%	-137.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.48%	207.94%	-136.46%

WANT vs. IREG - Expense Ratio Comparison

WANT has a 0.98% expense ratio, which is higher than IREG's 0.75% expense ratio.

Dividends

WANT vs. IREG - Dividend Comparison

WANT's dividend yield for the trailing twelve months is around 0.62%, while IREG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
IREG Leverage Shares 2X Long IREN Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WANT Direxion Daily Consumer Discretionary Bull 3X Shares	0.62%	0.65%	0.61%	0.46%	0.00%	0.00%	0.07%	0.64%

Frequently Asked Questions

Can I hold both WANT and IREG in my portfolio?

WANT and IREG have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WANT 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, WANT or IREG?

IREG is cheaper with a 0.75% expense ratio, compared with 0.98% for WANT.

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

WANT has the higher dividend yield at 0.62%, compared with 0.00% for IREG.

What is the main difference between WANT and IREG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.98% for WANT and 0.75% for IREG.