IREC ETF — Corgi IREN 2x Daily ETF

Corgi IREN 2x Daily ETF (IREC)

IREC is an ETF linked to IREN (IREN). its expense ratio is 0.45%. Total return is 8.9% over the past 0.2 years, 12.1 points behind IREN at 21.0%.

Corgi IREN 2x Daily ETF is a leveraged ETF that tracks IREN with twice-daily rebalancing to amplify price movements. The fund carries a modest expense ratio of 0.45% and has a small asset base. This ETF appeals to active traders and sophisticated investors seeking leveraged exposure to its underlying asset, though leverage strategies involve higher risk and potential tracking error over longer holding periods.

IREC performance versus IREN

Price and return data through 2026-09-18.

Total return is 8.9% over the past 0.2 years, 12.1 points behind IREN at 21.0%.

IREC key facts

Issuer

Corgi Strategies

Asset type

ETF

Asset class

Equity

Inception date

07/14/2026

Expense ratio

0.45%

Distribution frequency

None

Last close

$26.61 (as of 2026-09-18)

NAV

$22.46

Premium / discount

18.48% premium

AUM

$233,279

Average volume

4400.0

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. 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.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Corgi Strategies; Index: IREN (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.

IREC risks and drawbacks

Total return has trailed IREN over the available window.

Who may consider IREC — and who may not

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

Frequently asked questions

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