IRE ETF — Defiance Daily Target 2X Long IREN ETF

Defiance Daily Target 2X Long IREN ETF (IRE)

Updated October 16, 2026.

IRE is an ETF linked to IREN. its expense ratio is 1.35%. Total return is -94.6% over the past year, 43.5 points behind IREN at -51.1%.

Defiance Daily Target 2X Long IREN ETF is a non-diversified ETF that seeks to deliver twice the daily performance of IREN Limited, a bitcoin data center company, through leveraged exposure using swap agreements and options contracts. The fund does not currently distribute income and carries an expense ratio of 1.35%, with leverage and daily rebalancing creating compounding effects that can amplify both gains and losses over longer holding periods. This ETF appeals primarily to active traders seeking short-term directional exposure rather than long-term investors, given its focus on daily performance targets and non-diversified structure.

IRE performance versus IREN

Price and return data through 2026-10-16.

Total return is -94.6% over the past year, 43.5 points behind IREN at -51.1%. Its deepest 1-year drawdown was 97.0%.

IRE key facts

Issuer

Defiance ETFs

Asset type

ETF

Asset class

Equity

Inception date

10/20/2025

Expense ratio

1.35%

Distribution frequency

None

Last close

$3.72 (as of 2026-10-16)

AUM

$207,417,885

Average volume

19409377.0

Ex-dividend date

12/30/2025

Payment date

12/31/2025

Beta

7.8419

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Defiance ETFs or company page; Index: IREN; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

IRE risks and drawbacks

Total return has trailed IREN over the available window. The deepest 1-year drawdown on record here is 97.0%.

Who may consider IRE — and who may not

It is a weaker fit for investors who need monthly cash flow (IRE does not currently distribute); investors whose main goal is matching IREN total return. This is educational context, not a recommendation to buy or sell.

More on IRE

• All tickers starting with I

Tagged: Leverage, Single, Bitcoin, Data Center.

Frequently asked questions

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