{"url":"https://etfiq.com/compare/leverage/irec-vs-ireg","section":"compare","title":"IREC vs IREG: which held to its multiple? | ETFIQ","description":"IREC sets out to return +2 times IREN each day and IREG +2 times. Over the month to Sep 30, 2026 they finished \u22125.1 pts and \u22124.3 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, IREC or IREG?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, IREC finished 5.1 points from what its multiple implies and IREG finished 24.4 points from its own, so IREC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are IREC and IREG levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on IREN, IREC at +2 times and IREG at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, IREC or IREG?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window IREC\u2019s moved at 64% annualized and IREG\u2019s at 113%, so IREG has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold IREC or IREG for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, IREC or IREG?","acceptedAnswer":{"@type":"Answer","text":"IREC charges 0.45% a year and IREG charges 0.75%, so IREC is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"IREC vs IREG","item":"https://etfiq.com/compare/leverage/irec-vs-ireg"}]},{"@type":"WebPage","name":"IREC vs IREG: which held to its multiple?","description":"IREC sets out to return +2 times IREN each day and IREG +2 times. Over the month to Sep 30, 2026 they finished \u22125.1 pts and \u22124.3 pts away.","url":"https://etfiq.com/compare/leverage/irec-vs-ireg","dateModified":"2026-09-30","abstract":"Over the days both have traded, IREC finished 5.1 points from its stated multiple and IREG 4.3.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of IREC and IREG","description":"IREC sets out to return +2 times IREN each day and IREG +2 times. Over the month to Sep 30, 2026 they finished \u22125.1 pts and \u22124.3 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/irec-vs-ireg","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6216,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / IREC vs IREG \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n IREC vs IREG: which held to its multiple?\n\n Over the days both have traded, IREC finished 5.1 points from its stated multiple and IREG 4.3.\n Copy this for sharing \n \n Corgi IREN 2x Daily ETF and Leverage Shares 2X Long IREN Daily ETF.\n\n Download as PDF \n\n \u221217.3% IREC returned, since launch \n \u221235.7% IREG returned, 3 months \n \u221229.1 pts IREC from its stated multiple \n \u221224.4 pts IREG from its stated multiple \n\n IREC 5.1 pts short of its stated multiple \u00b7 1 month to Sep 30, 2","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/irec-vs-ireg","a":{"ticker":"IREC","name":"Corgi IREN 2x Daily ETF","issuer":"Corgi","desk":"leverage","as_of":"2026-09-30","verdict":"One month to Sep 30, 2026: IREC returned +15.2% where its own daily promise gave +17.4%, 2.3 points short.","url":"https://etfiq.com/funds/irec","key_facts":[{"label":"What IREN did","value":"+10.1%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+17.4%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+15.2%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.3 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$403,521","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.45%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 5, 2026"}]},"b":{"ticker":"IREG","name":"Leverage Shares 2X Long IREN Daily ETF","issuer":"Leverage Shares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: IREG returned \u221235.7% where its own daily promise gave \u221233.1%, 2.6 points short.","url":"https://etfiq.com/funds/ireg","key_facts":[{"label":"What IREN did","value":"\u22125.6%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221233.1%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221235.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.6 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$23m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"0.75%","as_of":"2026-09-30","source":"485BPOS XBRL, Dec 11, 2025"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/irec-vs-ireg"}