# IREG (Leverage Shares 2X Long IREN Daily ETF)

Leverage Shares · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: IREG returned −61.3% where its own daily promise gave −59.8%, 1.5 points short.

## Key facts

- IREG, what IREN did: −26.7%, as of Sep 11, 2026.
- IREG, what +2 times a day gives: −59.8%, as of Sep 11, 2026.
- IREG, what the fund returned: −61.3%, as of Sep 11, 2026.
- IREG, the fund itself cost: −1.5 pts, as of Sep 11, 2026.
- IREG, net assets: $30m (issuer page, as of Sep 10, 2026).
- IREG, expense ratio: 0.75% (485BPOS XBRL, Dec 11, 2025).

## IREG over each window to Sep 11, 2026

| Window | Fund | IREN | +2x the move | Difference | IREN moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −6.1% | +0.4% | +0.7% | −6.8 pts | 80% |
| 3 months | −61.3% | −26.7% | −53.3% | −8.0 pts | 115% |
| 6 months | −40.4% | +5.4% | +10.8% | −51.2 pts | 109% |
| Since launch | −44.4% | +19.8% | +39.6% | −83.9 pts | 110% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of IREN, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.3 times, against +2 stated | ETFIQ |
| Underlying | IREN | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $30m | issuer page, as of Sep 10, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Dec 11, 2025 |
| Launched | Dec 16, 2025 | ETFIQ |
| Underlying volatility over the window | 115% annualized | ETFIQ |

## Questions

### Did IREG return +2 times IREN?

Over the window to Sep 11, 2026, IREN moved −26.7% and IREG returned −61.3%. 2 times that move is −53.3%, so the fund came out 8.0 points short of it.

### Why does IREG not return +2 times over a year?

Because it resets daily. IREG aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which +2x IREN ETF tracked its stated multiple most closely?

4 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

ETFIQ, IREG, data as of Sep 11, 2026. https://etfiq.com/funds/IREG
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/IREG  ·  JSON: https://etfiq.com/funds/IREG.json