USL vs IREX

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

USL vs IREX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

USL

$59M

Winner

IREX

$59M

Expense Ratio

USL

1.01%

IREX

N/A

Max Drawdown

Winner

USL

89.06%

IREX

90.28%

Sharpe Ratio

Winner

USL

1.51

IREX

0.37

5Y Beta

Winner

USL

0.16

IREX

7.73

USL vs IREX - Historical Returns

Returns include dividend reinvestment.

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

Winner

USL

-4.03%

IREX

-13.79%

USL

+26.05%

Winner

IREX

+35.54%

Winner

USL

+51.69%

IREX

-23.48%

USL

+52.34%

IREX

N/A

5Y(CAGR)

USL

+16.55%

IREX

N/A

10Y(CAGR)

USL

+10.34%

IREX

N/A

Max(CAGR)

Winner

USL

+0.10%

IREX

-76.95%

USL vs IREX - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

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

USL vs IREX Drawdown Comparison

The maximum drawdown for USL was -89.06%, occurring on Apr 28, 2020. This drawdown has not yet recovered.

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

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

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

Correlation

Correlation between USL and IREX 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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