FEAC vs IREZ

Comparison between FIDELITY ENHANCED U.S. ALL-CAP EQUITY ETF (FEAC, ETF) and Tradr 2X Short IREN Daily ETF (IREZ, ETF).

FEAC vs IREZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FEAC(ETF)	IREZ(ETF)
Net Assets	$17M	$17M
Expense Ratio	0.18%	N/A
Max Drawdown	19.30%	90.83%
Sharpe Ratio	1.28	-0.25
5Y Beta	0.98	-8.29
P/E Ratio	29.89	N/A
Forward P/E	18.65	N/A
5Y EPS CAGR	31.09%	N/A
Debt to Equity	114.53%	N/A
P/S Ratio	2.85	N/A
P/B Ratio	4.82	N/A

Net Assets

FEAC

$17M

Winner

IREZ

$17M

Expense Ratio

FEAC

0.18%

IREZ

N/A

Max Drawdown

Winner

FEAC

19.30%

IREZ

90.83%

Sharpe Ratio

Winner

FEAC

1.28

IREZ

-0.25

5Y Beta

FEAC

0.98

Winner

IREZ

-8.29

P/E Ratio

FEAC

29.89

IREZ

N/A

Forward P/E

FEAC

18.65

IREZ

N/A

5Y EPS CAGR

FEAC

31.09%

IREZ

N/A

Debt to Equity

FEAC

114.53%

IREZ

N/A

P/S Ratio

FEAC

2.85

IREZ

N/A

P/B Ratio

FEAC

4.82

IREZ

N/A

FEAC vs IREZ - Historical Returns

Returns include dividend reinvestment.

Period	FEAC	IREZ
1 month	+3.42%	-58.83%
3 months	+3.57%	-41.76%
6 months	+12.79%	-85.12%
1 year	+23.20%	N/A
Max(CAGR)	+17.81%	-96.66%

Winner

FEAC

+3.42%

IREZ

-58.83%

Winner

FEAC

+3.57%

IREZ

-41.76%

Winner

FEAC

+12.79%

IREZ

-85.12%

FEAC

+23.20%

IREZ

N/A

Max(CAGR)

Winner

FEAC

+17.81%

IREZ

-96.66%

FEAC vs IREZ - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	FEAC	IREZ
2026	+14.80%	-86.49%
2025	+18.11%	N/A
2024	-1.69%	N/A

FEAC vs IREZ Drawdown Comparison

The maximum drawdown for FEAC was -18.96%, occurring on Apr 8, 2025. Recovery took 137 trading sessions.

The maximum drawdown for IREZ was -90.83%, occurring on Aug 17, 2026. This drawdown has not yet recovered.

The current FEAC drawdown is -2.32%. The current IREZ drawdown is -89.98%.

Rank	FEAC	IREZ
#1	-18.96% Dec 5, 2024 - Jun 26, 2025	-90.83% Mar 30, 2026 - Aug 17, 2026
#2	-8.14% Jan 27, 2026 - Apr 14, 2026	-43.45% Feb 5, 2026 - Mar 30, 2026
#3	-5.80% Oct 28, 2025 - Dec 10, 2025	-39.96% Jan 22, 2026 - Feb 4, 2026
#4	-4.43% Jun 2, 2026 - Jul 15, 2026	N/A
#5	-3.30% Oct 8, 2025 - Oct 21, 2025	N/A
#6	-2.84% Aug 19, 2026 - Aug 20, 2026	N/A
#7	-2.79% Jul 15, 2026 - Aug 3, 2026	N/A
#8	-2.73% Dec 11, 2025 - Dec 23, 2025	N/A
#9	-2.30% Jul 25, 2025 - Aug 8, 2025	N/A
#10	-2.14% Jan 12, 2026 - Jan 27, 2026	N/A
#11	-2.05% May 14, 2026 - May 26, 2026	N/A
#12	-1.75% Aug 14, 2025 - Aug 27, 2025	N/A
#13	-1.56% Sep 22, 2025 - Oct 1, 2025	N/A
#14	-1.32% Aug 28, 2025 - Sep 8, 2025	N/A
#15	-1.31% Dec 24, 2025 - Jan 6, 2026	N/A

Correlation

Correlation between FEAC and IREZ is -0.98 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.98

-101