CBLS vs IREX

Comparison between CLOUGH HEDGED EQUITY ETF (CBLS, ETF) and Tradr 2X Long IREN Daily ETF (IREX, ETF).

CBLS vs IREX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CBLS(ETF)	IREX(ETF)
Net Assets	$60M	$60M
Expense Ratio	1.89%	N/A
Max Drawdown	32.78%	92.34%
Sharpe Ratio	0.58	0.03
5Y Beta	0.59	7.42
P/E Ratio	59.05	N/A
Forward P/E	38.84	N/A
PEG Ratio	1.50	N/A
P/S Ratio	1.71	N/A
P/B Ratio	8.62	N/A

Net Assets

CBLS

$60M

IREX

$60M

Expense Ratio

CBLS

1.89%

IREX

N/A

Max Drawdown

Winner

CBLS

32.78%

IREX

92.34%

Sharpe Ratio

Winner

CBLS

0.58

IREX

0.03

5Y Beta

Winner

CBLS

0.59

IREX

7.42

P/E Ratio

CBLS

59.05

IREX

N/A

Forward P/E

CBLS

38.84

IREX

N/A

PEG Ratio

CBLS

1.50

IREX

N/A

P/S Ratio

CBLS

1.71

IREX

N/A

P/B Ratio

CBLS

8.62

IREX

N/A

CBLS vs IREX - Historical Returns

Returns include dividend reinvestment.

Period	CBLS	IREX
1 month	-4.44%	-53.35%
3 months	+5.17%	-40.77%
6 months	+7.66%	-69.76%
1 year	+13.26%	N/A
5 years(CAGR)	+5.35%	N/A
Max(CAGR)	+8.86%	-88.65%

Winner

CBLS

-4.44%

IREX

-53.35%

Winner

CBLS

+5.17%

IREX

-40.77%

Winner

CBLS

+7.66%

IREX

-69.76%

CBLS

+13.26%

IREX

N/A

5Y(CAGR)

CBLS

+5.35%

IREX

N/A

Max(CAGR)

Winner

CBLS

+8.86%

IREX

-88.65%

CBLS vs IREX - Annual Returns (2020 - 2026)

Returns include dividend reinvestment.

Year	CBLS	IREX
2026	+15.86%	-55.00%
2025	+4.95%	-64.89%
2024	+30.19%	N/A
2023	-2.20%	N/A
2022	-12.33%	N/A
2021	+3.87%	N/A
2020	+14.15%	N/A

CBLS vs IREX Drawdown Comparison

The maximum drawdown for CBLS was -32.78%, occurring on Oct 5, 2023. Recovery took 932 trading sessions.

The maximum drawdown for IREX was -92.34%, occurring on Jul 17, 2026. This drawdown has not yet recovered.

The current CBLS drawdown is -5.58%. The current IREX drawdown is -88.81%.

Rank	CBLS	IREX
#1	-32.78% Apr 29, 2021 - Jan 14, 2025	-92.34% Nov 5, 2025 - Jul 17, 2026
#2	-15.27% Jan 22, 2025 - Jul 17, 2025	-20.42% Oct 27, 2025 - Nov 3, 2025
#3	-8.46% Jan 22, 2021 - Feb 5, 2021	-2.86% Nov 3, 2025 - Nov 5, 2025
#4	-8.15% Oct 16, 2025 - Jan 13, 2026	N/A
#5	-7.12% Feb 24, 2026 - Apr 14, 2026	N/A
#6	-6.69% Jun 4, 2026 - Jul 16, 2026	N/A
#7	-6.17% Mar 15, 2021 - Apr 29, 2021	N/A
#8	-5.62% Feb 22, 2021 - Mar 15, 2021	N/A
#9	-4.62% Jul 31, 2025 - Oct 8, 2025	N/A
#10	-4.43% May 13, 2026 - Jun 2, 2026	N/A
#11	-3.55% Apr 24, 2026 - May 6, 2026	N/A
#12	-2.48% May 6, 2026 - May 11, 2026	N/A
#13	-2.34% Oct 8, 2025 - Oct 15, 2025	N/A
#14	-2.32% Jan 29, 2026 - Feb 9, 2026	N/A
#15	-1.96% Feb 9, 2026 - Feb 23, 2026	N/A

Correlation

Correlation between CBLS and IREX is -0.41 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.41

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