IREX vs CBLS

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

IREX vs CBLS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

IREX

$60M

CBLS

$60M

Expense Ratio

IREX

N/A

CBLS

1.89%

Max Drawdown

IREX

92.34%

Winner

CBLS

32.78%

Sharpe Ratio

IREX

0.03

Winner

CBLS

0.58

5Y Beta

IREX

7.42

Winner

CBLS

0.59

P/E Ratio

IREX

N/A

CBLS

59.05

Forward P/E

IREX

N/A

CBLS

38.84

PEG Ratio

IREX

N/A

CBLS

1.50

P/S Ratio

IREX

N/A

CBLS

1.71

P/B Ratio

IREX

N/A

CBLS

8.62

IREX vs CBLS - Historical Returns

Returns include dividend reinvestment.

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

IREX

-53.35%

Winner

CBLS

-4.44%

IREX

-40.77%

Winner

CBLS

+5.17%

IREX

-69.76%

Winner

CBLS

+7.66%

IREX

N/A

CBLS

+13.26%

5Y(CAGR)

IREX

N/A

CBLS

+5.35%

Max(CAGR)

IREX

-88.65%

Winner

CBLS

+8.86%

IREX vs CBLS - Annual Returns (2020 - 2026)

Returns include dividend reinvestment.

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

IREX vs CBLS Drawdown Comparison

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

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

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

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

Correlation

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

-0.41

-101