# IREC (Corgi IREN 2x Daily ETF)

Corgi · Leveraged ETFs · data as of Sep 30, 2026

One month to Sep 30, 2026: IREC returned +15.2% where its own daily promise gave +17.4%, 2.3 points short.

## Key facts

- IREC, what IREN did: +10.1%, as of Sep 30, 2026.
- IREC, what 2 times a day gives: +17.4%, as of Sep 30, 2026.
- IREC, what the fund returned: +15.2%, as of Sep 30, 2026.
- IREC, the fund itself cost: −2.3 pts, as of Sep 30, 2026.
- IREC, net assets: $403,521 (the issuer’s own daily fund list, as of Sep 30, 2026).
- IREC, expense ratio: 0.45% (485BPOS XBRL, Jun 5, 2026).

## IREC over each window to Sep 30, 2026

| Window | Fund | IREN | +2x the move | Difference | IREN moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +15.2% | +10.1% | +20.3% | −5.1 pts | 64% |
| Since launch | −17.3% | +5.9% | +11.9% | −29.1 pts | 112% |

## 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 | +1.5 times, against +2 stated | ETFIQ |
| Underlying | IREN | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $403,521 | the issuer’s own daily fund list, as of Sep 30, 2026 |
| Expense ratio | 0.45% | 485BPOS XBRL, Jun 5, 2026 |
| Launched | Jul 14, 2026 | ETFIQ |
| Underlying volatility over the window | 64% annualized | ETFIQ |

## Questions

### Did IREC return +2 times IREN?

Over the window to Sep 30, 2026, IREN moved +10.1% and IREC returned +15.2%. 2 times that move is +20.3%, so the fund came out 5.1 points short of it.

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

Because it resets daily. IREC 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 figure itself.


## Cite this page

ETFIQ, IREC, data as of Sep 30, 2026. https://etfiq.com/funds/irec
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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