{"url":"https://etfiq.com/compare/leverage/irec-vs-irex","section":"compare","title":"IREC vs IREX: which held to its multiple? | ETFIQ","description":"IREC sets out to return +2 times IREN each day and IREX +2 times. Over the month to Sep 30, 2026 they finished \u22125.1 pts and \u22124.7 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, IREC or IREX?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, IREC finished 5.1 points from what its multiple implies and IREX finished 25.2 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 IREX levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on IREN, IREC at +2 times and IREX at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, IREC or IREX?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window IREC\u2019s moved at 64% annualized and IREX\u2019s at 113%, so IREX has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold IREC or IREX 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 IREX?","acceptedAnswer":{"@type":"Answer","text":"IREC charges 0.45% a year and IREX charges 1.30%, 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 IREX","item":"https://etfiq.com/compare/leverage/irec-vs-irex"}]},{"@type":"WebPage","name":"IREC vs IREX: which held to its multiple?","description":"IREC sets out to return +2 times IREN each day and IREX +2 times. Over the month to Sep 30, 2026 they finished \u22125.1 pts and \u22124.7 pts away.","url":"https://etfiq.com/compare/leverage/irec-vs-irex","dateModified":"2026-09-30","abstract":"Over the days both have traded, IREC finished 5.1 points from its stated multiple and IREX 4.7.","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 IREX","description":"IREC sets out to return +2 times IREN each day and IREX +2 times. Over the month to Sep 30, 2026 they finished \u22125.1 pts and \u22124.7 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/irec-vs-irex","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":6176,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / IREC vs IREX \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n IREC vs IREX: which held to its multiple?\n\n Over the days both have traded, IREC finished 5.1 points from its stated multiple and IREX 4.7.\n Copy this for sharing \n \n Corgi IREN 2x Daily ETF and Tradr 2X Long IREN Daily ETF.\n\n Download as PDF \n\n \u221217.3% IREC returned, since launch \n \u221236.4% IREX returned, 3 months \n \u221229.1 pts IREC from its stated multiple \n \u221225.2 pts IREX from its stated multiple \n\n IREC 5.1 pts short of its stated multiple \u00b7 1 month to Sep 30, 2026 [IREC ","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-irex","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":"IREX","name":"Tradr 2X Long IREN Daily ETF","issuer":"Tradr","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: IREX returned \u221236.4% where its own daily promise gave \u221233.1%, 3.3 points short.","url":"https://etfiq.com/funds/irex","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":"\u221236.4%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22123.3 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$49m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.30%","as_of":"2026-09-30","source":"485BPOS XBRL, Oct 21, 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-irex"}