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Launched · SEC filings

Leverage Shares 2x Long IREN Daily ETF

IREGNasdaqLeverageSharesBThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$1.97−0.37 (−15.81%)

At close: Nov 2, 2026, 4:00 PM ET

B60/ 100

Rank 37 of 380 in Single-Stock Long Leveraged

B60/100Rank 37 of 380inSingle-Stock Long Leveraged
Intraday session: down, 79 prints from 2.34 to 1.97. Range 1.95 to 2.38. Use the arrow keys to read each point.2.102.202.4010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$18M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
5
Avg volume · 30D
1.28M sh
52W range
low $2.15high $41.60
Launched
Filings
SEC EDGAR

The ETF.net IREG Grade

Based on 5 of 6 pillars

B

Score 60 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
37 of 380
Six-pillar profile for IREG. Scores out of 100: Cost 70, Risk 31, Mission 87, Tradability 75, Holdings not scored, Durability 55. Strongest: Mission (87). Weakest: Risk (31). Based on 5 of 6 pillars.

Score 60 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A70 out of 100
    Rank 87 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A87 out of 100
    Rank 90 of 150

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D31 out of 100
    Rank 287 of 368

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A75 out of 100
    Rank 58 of 380

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B55 out of 100
    Rank 154 of 380

Our read on IREG

ETF.net Research

In short

BA 2x daily swing at a single stock, priced like an index fund. IREG aims to deliver twice IREN Limited's daily move for 0.75% a year, roughly half what the other leveraged IREN ETF charges.

Stated mandate

The fund seeks to deliver twice the daily performance of IREN Limited stock, before fees and expenses.

Why people hold it

  • 0.75% a year, against 1.31% for the only other 2x IREN ETF (IRE), and cheaper than the typical leveraged single-stock fund.leverageshares.com
  • Has hewed closely to its stated job of doubling IREN's daily move, one of the stronger implementations in the leveraged single-stock bull crowd.
  • Standard 1940 Act ETF wrapper: leveraged exposure through an ordinary brokerage ticket, no margin account, options approval or K-1 paperwork.leverageshares.com

Worth knowing

  • The 2x resets every day. Hold past a single session and compounding takes over, so multi-day results can drift far from twice IREN's move, especially in choppy tape.leverageshares.com
  • Leverage points both ways: a rough day in IREN lands about twice as hard here, before fees.leverageshares.com
  • One company, no diversification, and a track record that only starts in December 2025.

IREG Holdings

Asset class
Stocks
Holdings
5
Top-10 weight
204%
Largest holding
Iren Swap Cs181.7%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataIren Swap Cs181.68%1,048,283$43.9M1
2No dataIren Swap Mar14.58%84,100$3.52M1
3No dataFirst American Treasury Obligations Fund 01/01/20403.96%956,672$957K136
4No dataIren Limited-Swap-Jnst-L1.92%11,077$464K1
5No dataIren Swap Cf1.79%10,300$431K1

Showing 1–5 of 5 holdings

IREG Performance

Launched Dec 16, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
IREG$1,417
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,169
Dec 31, 2025 to Oct 30, 2026. IREG $1,417. SPY $11,169. Use the arrow keys to read each point.$0$10,000$20,000Dec 2025Jun 2026Oct 2026

Dec 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for IREG. Periods over one year show the average yearly return.
PeriodIREG
Year to date−85.8%
1 month−69.0%
3 months−66.5%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for IREG
YearReturn barIREG
2026 YTD−85.8%
2025+3.6%

Since listing, Dec 16, 2025

IREG in the news

IREG Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed Dec 2025. No distributions yet.

IREG Risk

Risk pillarD31 out of 100Rank 287 of 368 in Single-Stock Long Leveraged

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
Launched Dec 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
Launched Dec 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
Launched Dec 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
8.86
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

IREG Cost

Compare IREG and GOGL

Overpaying vs GOGL, tied cheapest in Single-Stock Long Leveraged

$10,327

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • IREG 0.75%

    $14,482

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • IREG 0.75%
  • GOGL 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530IREG $14,482GOGL $4,155

Year by year

YearIREGGOGLOverpaying
10$1,336$365$971
20$5,078$1,421$3,657
30$14,482$4,155$10,327

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