IREX vs USL

Comparison between Tradr 2X Long IREN Daily ETF (IREX, ETF) and United States 12 Month Oil Fund LP (USL, ETF).

IREX vs USL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IREX(ETF)	USL(ETF)
Net Assets	$59M	$59M
Expense Ratio	N/A	1.01%
Max Drawdown	90.28%	89.06%
Sharpe Ratio	0.37	1.51
5Y Beta	7.73	0.16

Net Assets

Winner

IREX

$59M

USL

$59M

Expense Ratio

IREX

N/A

USL

1.01%

Max Drawdown

IREX

90.28%

Winner

USL

89.06%

Sharpe Ratio

IREX

0.37

Winner

USL

1.51

5Y Beta

IREX

7.73

Winner

USL

0.16

IREX vs USL - Historical Returns

Returns include dividend reinvestment.

Period	IREX	USL
1 month	-13.79%	-4.03%
3 months	+35.54%	+26.05%
6 months	-23.48%	+51.69%
1 year	N/A	+52.34%
5 years(CAGR)	N/A	+16.55%
10 years(CAGR)	N/A	+10.34%
Max(CAGR)	-76.95%	+0.10%

IREX

-13.79%

Winner

USL

-4.03%

Winner

IREX

+35.54%

USL

+26.05%

IREX

-23.48%

Winner

USL

+51.69%

IREX

N/A

USL

+52.34%

5Y(CAGR)

IREX

N/A

USL

+16.55%

10Y(CAGR)

IREX

N/A

USL

+10.34%

Max(CAGR)

IREX

-76.95%

Winner

USL

+0.10%

IREX vs USL - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	IREX	USL
2026	-8.40%	+57.55%
2025	-64.89%	-13.51%
2024	N/A	+9.35%
2023	N/A	+2.16%
2022	N/A	+25.84%
2021	N/A	+65.27%
2020	N/A	-25.39%
2019	N/A	+25.29%
2018	N/A	-14.64%
2017	N/A	+4.24%
2016	N/A	+20.01%
2015	N/A	-35.41%
2014	N/A	-35.84%
2013	N/A	+6.91%
2012	N/A	-11.94%
2011	N/A	+0.78%
2010	N/A	+4.42%
2009	N/A	+26.44%
2008	N/A	-46.75%
2007	N/A	+5.09%

IREX vs USL 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 USL was -89.06%, occurring on Apr 28, 2020. This drawdown has not yet recovered.

The current IREX drawdown is -77.22%. The current USL drawdown is -40.38%.

Rank	IREX	USL
#1	-90.28% Nov 5, 2025 - Mar 30, 2026	-89.06% Jul 11, 2008 - Apr 28, 2020
#2	-20.42% Oct 27, 2025 - Nov 3, 2025	-10.83% Mar 13, 2008 - Apr 7, 2008
#3	-2.86% Nov 3, 2025 - Nov 5, 2025	-10.40% Jan 3, 2008 - Feb 19, 2008
#4	N/A	-9.47% May 21, 2008 - Jun 6, 2008
#5	N/A	-6.96% Jul 3, 2008 - Jul 11, 2008
#6	N/A	-4.50% Apr 25, 2008 - May 5, 2008
#7	N/A	-3.49% Jun 6, 2008 - Jun 23, 2008
#8	N/A	-3.05% Feb 28, 2008 - Mar 5, 2008
#9	N/A	-2.80% May 9, 2008 - May 19, 2008
#10	N/A	-2.58% Dec 12, 2007 - Dec 26, 2007
#11	N/A	-2.16% Dec 6, 2007 - Dec 12, 2007
#12	N/A	-1.82% Jun 23, 2008 - Jun 26, 2008
#13	N/A	-1.12% Apr 22, 2008 - Apr 25, 2008
#14	N/A	-0.96% Feb 21, 2008 - Feb 26, 2008
#15	N/A	-0.86% Apr 9, 2008 - Apr 14, 2008

Correlation

Correlation between IREX and USL is -0.44 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.44

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