IREX vs FGSM

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

IREX vs FGSM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

IREX

$59M

Winner

FGSM

$59M

Expense Ratio

IREX

N/A

FGSM

0.82%

Max Drawdown

IREX

90.28%

Winner

FGSM

17.74%

Sharpe Ratio

IREX

0.37

Winner

FGSM

1.59

5Y Beta

IREX

7.73

Winner

FGSM

0.88

IREX vs FGSM - Historical Returns

Returns include dividend reinvestment.

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

IREX

-13.79%

Winner

FGSM

-0.29%

Winner

IREX

+35.54%

FGSM

+5.32%

IREX

-23.48%

Winner

FGSM

+12.83%

IREX

N/A

FGSM

+30.30%

Max(CAGR)

IREX

-76.95%

Winner

FGSM

+23.83%

IREX vs FGSM - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

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

IREX vs FGSM Drawdown Comparison

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

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

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

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

Correlation

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

-0.49

-101