WULX vs. IREX

Last updated Jun 4, 2026

WULX (Tradr 2X Long WULF Daily ETF) and IREX (Tradr 2X Long IREN Daily ETF) are both Leveraged Equities funds from Tradr ETFs. Both are actively managed. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 1.30% expense ratio.

Performance

WULX vs. IREX - Performance Comparison

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

Returns By Period

In the year-to-date period, WULX achieves a 238.07% return, which is significantly higher than IREX's 72.36% return.

WULX

• 1D: -2.27%
• 1M: 29.01%
• YTD: 238.07%
• 6M: 98.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IREX

• 1D: -3.40%
• 1M: 55.61%
• YTD: 72.36%
• 6M: 17.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WULX vs. IREX - Yearly Performance Comparison

	2026 (YTD)	2025
WULX Tradr 2X Long WULF Daily ETF	238.07%	-37.27%
IREX Tradr 2X Long IREN Daily ETF	72.36%	-64.89%

Correlation

The correlation between WULX and IREX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 24, 2025	0.71

Return for Risk

WULX vs. IREX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long WULF Daily ETF (WULX) and Tradr 2X Long IREN Daily ETF (IREX). 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

	WULX	IREX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	-0.27	+1.58

Drawdowns

WULX vs. IREX - Drawdown Comparison

The maximum WULX drawdown since its inception was -60.48%, smaller than the maximum IREX drawdown of -90.28%. Use the drawdown chart below to compare losses from any high point for WULX and IREX.

Drawdown Indicators

	WULX	IREX	Difference
Max Drawdown Largest peak-to-trough decline	-60.48%	-90.28%	+29.80%
Current Drawdown Current decline from peak	-4.75%	-65.96%	+61.21%
Average Drawdown Average peak-to-trough decline	-30.68%	-69.81%	+39.13%

Volatility

Volatility by Period

	WULX	IREX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	189.30%	213.76%	-24.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	189.30%	213.76%	-24.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	189.30%	213.76%	-24.46%

WULX vs. IREX - Expense Ratio Comparison

Both WULX and IREX have an expense ratio of 1.30%.

Dividends

WULX vs. IREX - Dividend Comparison

Neither WULX nor IREX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WULX and IREX in my portfolio?

WULX and IREX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WULX or IREX?

Both ETFs have the same 1.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WULX or IREX?

WULX and IREX have the same expense ratio: 1.30% per year.

Which ETF pays a higher dividend yield, WULX or IREX?

WULX and IREX have nearly identical dividend yields, around 0.00%.