---
ticker: "IRE"
name: "Defiance Daily Target 2X Long IREN ETF"
url: "https://etf.net/etf/IRE"
grade: "D"
score: 39
graded_at: "2026-10-12"
category: "Single-Stock Long Leveraged"
category_rank: "273 of 380"
methodology: "https://etf.net/methodology"
---

# IRE: Defiance Daily Target 2X Long IREN ETF

Grade **D**, Score 39 of 100. Rank 273 of 380 in Single-Stock Long Leveraged.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 22 | 294 of 380 |
| Mission | 89 | 89 of 148 |
| Risk | 22 | 327 of 363 |
| Tradability | 79 | 45 of 380 |
| Holdings | Not scored | — |
| Durability | 75 | 40 of 380 |

## Top holdings

The fund holds 10 positions. These are the largest 10, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | United States Treasury Bill 11/19/2026 | 71.31% |
| 2 | — | Iren Limited Swap Jnst-L | 32.88% |
| 3 | — | Iren Limited-Swap-Mscs-L | 31.19% |
| 4 | — | Iren Limited Swap Nbc-L | 31.04% |
| 5 | — | Iren Ltd Swap Cs-L | 30.39% |
| 6 | — | Iren Ltd Swap Mar-L | 28.00% |
| 7 | — | Iren Ltd Swap Cantor-L | 25.68% |
| 8 | — | Iren Limited Swap Bmob-L | 12.42% |
| 9 | — | Iren Limited Swap Nm | 8.58% |
| 10 | — | First American Government Obligations Fund 12/01/2031 | 4.68% |

Source: etf.net, https://etf.net/etf/IRE. Please cite the page URL.