IREX ETF — Tradr 2X Long IREN Daily ETF

Tradr 2X Long IREN Daily ETF (IREX)

Updated October 16, 2026.

IREX is an ETF linked to IREN (IREN). its expense ratio is 1.30%. Total return is -93.7% over the past year, 42.0 points behind IREN at -51.7%.

Tradr 2X Long IREN Daily ETF is a leveraged equity fund that seeks to deliver twice the daily performance of IREN through a combination of IREN stock and related financial instruments; it is non-diversified and carries a 1.30% expense ratio. The fund does not have an established distribution schedule. This ETF is designed for experienced investors seeking leveraged exposure to IREN's daily price movements, though leverage amplifies both gains and losses and can cause tracking divergence over longer periods.

IREX performance versus IREN

Price and return data through 2026-10-16.

Total return is -93.7% over the past year, 42.0 points behind IREN at -51.7%. Its deepest 1-year drawdown was 96.4%.

IREX key facts

Issuer

Tradr

Asset type

ETF

Asset class

Equity

Inception date

10/22/2025

Expense ratio

1.30%

Distribution frequency

None

Last close

$5.49 (as of 2026-10-16)

AUM

$48,661,321

Average volume

7126441.0

Beta

7.3397

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: Tradr; 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.

IREX risks and drawbacks

Total return has trailed IREN over the available window. The deepest 1-year drawdown on record here is 96.4%.

Who may consider IREX — and who may not

It is a weaker fit for investors who need monthly cash flow (IREX 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 IREX

• All tickers starting with I

Tagged: Leverage.

Frequently asked questions

More securities from Tradr.