FGSM vs IREX

Comparison between FRONTIER ASSET GLOBAL SMALL CAP EQUITY ETF (FGSM, ETF) and Tradr 2X Long IREN Daily ETF (IREX, ETF).

FGSM vs IREX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FGSM(ETF)	IREX(ETF)
Net Assets	$59M	$59M
Expense Ratio	0.82%	N/A
Max Drawdown	17.74%	90.28%
Sharpe Ratio	1.59	0.37
5Y Beta	0.88	7.73

Net Assets

Winner

FGSM

$59M

IREX

$59M

Expense Ratio

FGSM

0.82%

IREX

N/A

Max Drawdown

Winner

FGSM

17.74%

IREX

90.28%

Sharpe Ratio

Winner

FGSM

1.59

IREX

0.37

5Y Beta

Winner

FGSM

0.88

IREX

7.73

FGSM vs IREX - Historical Returns

Returns include dividend reinvestment.

Period	FGSM	IREX
1 month	-0.29%	-13.79%
3 months	+5.32%	+35.54%
6 months	+12.83%	-23.48%
1 year	+30.30%	N/A
Max(CAGR)	+23.83%	-76.95%

Winner

FGSM

-0.29%

IREX

-13.79%

FGSM

+5.32%

Winner

IREX

+35.54%

Winner

FGSM

+12.83%

IREX

-23.48%

FGSM

+30.30%

IREX

N/A

Max(CAGR)

Winner

FGSM

+23.83%

IREX

-76.95%

FGSM vs IREX - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	FGSM	IREX
2026	+11.28%	-8.40%
2025	+21.45%	-64.89%
2024	+0.24%	N/A

FGSM vs IREX Drawdown Comparison

The maximum drawdown for FGSM was -17.72%, occurring on Apr 8, 2025. Recovery took 73 trading sessions.

The maximum drawdown for IREX was -90.28%, occurring on Mar 30, 2026. This drawdown has not yet recovered.

The current FGSM drawdown is -2.41%. The current IREX drawdown is -77.22%.

Rank	FGSM	IREX
#1	-17.72% Feb 18, 2025 - Jun 3, 2025	-90.28% Nov 5, 2025 - Mar 30, 2026
#2	-9.84% Feb 26, 2026 - Apr 17, 2026	-20.42% Oct 27, 2025 - Nov 3, 2025
#3	-5.86% Oct 27, 2025 - Nov 28, 2025	-2.86% Nov 3, 2025 - Nov 5, 2025
#4	-4.05% Oct 6, 2025 - Oct 24, 2025	N/A
#5	-3.99% Jul 23, 2025 - Aug 12, 2025	N/A
#6	-3.17% May 6, 2026 - May 26, 2026	N/A
#7	-2.87% Dec 26, 2024 - Jan 16, 2025	N/A
#8	-2.41% Jun 4, 2026 - Jun 5, 2026	N/A
#9	-2.17% Apr 17, 2026 - May 5, 2026	N/A
#10	-2.12% Jan 30, 2025 - Feb 14, 2025	N/A
#11	-2.03% Sep 18, 2025 - Oct 3, 2025	N/A
#12	-2.00% Dec 11, 2025 - Dec 24, 2025	N/A
#13	-1.99% Jul 10, 2025 - Jul 22, 2025	N/A
#14	-1.72% Jan 29, 2026 - Feb 6, 2026	N/A
#15	-1.60% Jun 10, 2025 - Jun 24, 2025	N/A

Correlation

Correlation between FGSM and IREX is -0.49 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.49

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