IREZ ETF — Tradr 2X Short IREN Daily ETF

Tradr 2X Short IREN Daily ETF (IREZ)

Updated October 16, 2026.

IREZ is an ETF linked to IREN (IREN). its expense ratio is 1.49%. Total return is -74.9% over the past 0.7 years, 26.5 points behind IREN at -48.4%.

This ETF seeks to deliver twice the inverse daily performance of IREN through leveraged short exposure, making it designed to profit from declines in IREN's stock price on a daily basis; it is non-diversified and does not currently distribute income. The fund carries an expense ratio of 1.49% and employs daily rebalancing to maintain its leveraged inverse exposure. This security appeals to experienced traders using short-term tactical strategies rather than to income investors or buy-and-hold portfolios.

IREZ performance versus IREN

Price and return data through 2026-10-16.

Total return is -74.9% over the past 0.7 years, 26.5 points behind IREN at -48.4%.

IREZ key facts

Issuer

Tradr

Asset type

ETF

Asset class

Equity

Inception date

01/21/2026

Expense ratio

1.49%

Distribution frequency

None

Last close

$20.13 (as of 2026-10-16)

AUM

$9,111,973

Average volume

2406850.0

Beta

-7.4028

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.

IREZ risks and drawbacks

Total return has trailed IREN over the available window.

Who may consider IREZ — and who may not

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

• All tickers starting with I

Tagged: Leverage, Short.

Frequently asked questions

More securities from Tradr.