IREG vs IREX: which held to its multiple?
Over the days both have traded, IREG finished 4.3 points from its stated multiple and IREX 4.7. Leverage Shares 2X Long IREN Daily ETF and Tradr 2X Long IREN Daily ETF.
IREG returned −35.7% while 2 times IREN's move would have been −11.3%
IREX returned −36.4% while 2 times IREN's move would have been −11.3%
A percentile among the 470 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it → How it is computed →
Performance, window by window
| Total return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | IREG | IREX | IREG | IREX | IREG | IREX |
| 1 month | +15.9% | +15.6% | +20.3% | +20.3% | −4.3 pts | −4.7 pts |
| 3 months | −35.7% | −36.4% | −11.3% | −11.3% | −24.4 pts | −25.2 pts |
| 6 months | −20.7% | −22.8% | +39.8% | +39.8% | −60.5 pts | −62.6 pts |
| Since launch IREG Dec 2025 · IREX Oct 2025 | −52.5% | −84.6% | +23.4% | −53.6% | −76.0 pts | −30.9 pts |
IREG and IREX over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
IREG and IREX on the same fields, as of Sep 30, 2026. Source: ETFIQ.
IREG in plain words
Three months to Sep 30, 2026: IREG returned −35.7% where its own daily promise gave −33.1%, 2.6 points short. Read the multiple against the whole window instead and 2 times IREN's −5.6% implies −11.3%, which makes IREG look 24.4 points short. 21.8 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. IREG aims to return +2 times IREN's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. IREN moved at 113% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
IREX in plain words
Three months to Sep 30, 2026: IREX returned −36.4% where its own daily promise gave −33.1%, 3.3 points short. Read the multiple against the whole window instead and 2 times IREN's −5.6% implies −11.3%, which makes IREX look 25.2 points short. IREX aims to return +2 times IREN's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, IREG or IREX?
- Over the window to Sep 30, 2026, IREG finished 24.4 points from what its multiple implies and IREX finished 25.2 points from its own, so IREG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are IREG and IREX levered on the same thing?
- Yes. Both are levered on IREN, IREG at +2 times and IREX at +2 times the daily move.
- Which one decays faster, IREG or IREX?
- Decay follows how much the underlying moves about. Over this window IREG’s moved at 113% annualized and IREX’s at 113%, so IREG has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold IREG or IREX for a year?
- 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’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.
ETFIQ, IREG against IREX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/ireg-vs-irex
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, IREG against IREX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/ireg-vs-irex Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, IREG against IREX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/ireg-vs-irex
- APA
- ETFIQ. (Sep 30, 2026). IREG against IREX. Retrieved from https://etfiq.com/compare/leverage/ireg-vs-irex
- Markdown
- [IREG against IREX (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/leverage/ireg-vs-irex)