Defiance Daily Target 2X Long IREN ETF (IRE) Performance
IRE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −87.0% since Dec 31, 2025
- 1 year
- −95.6% total return
- Since first price
- −95.5% since 2025
IRE trailing returns vs SPY, QQQ, AGG
| Period | IRE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −74.8% | −74.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −73.9% | −73.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −89.2% | −89.2% | +7.8% | +8.4% | −1.5% |
| YTD | −87.0% | −87.0% | +12.3% | +15.1% | −1.0% |
| 1 year | −95.6% | −95.6% | +14.4% | +15.9% | −1.1% |
| Since inceptionOct 21, 2025 | −95.5% | −95.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: IRE vs SPY
From Oct 21, 2025: IRE grew to $445, SPY to $11,443.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IRE returns by calendar year
2026 is year to date.
IRE annual returns table
| Year | IRE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −87.0% | −94.8% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
IRE largest drawdowns
Now 97.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 5, 2025 | −97.5% | Oct 23, 2026 | not yet | 12 months | 12 months so far |
| Oct 27, 2025 | −20.3% | Oct 30, 2025 | Nov 3, 2025 | 3 days | 7 days |
| Oct 21, 2025 | −13.8% | Oct 22, 2025 | Oct 23, 2025 | 1 days | 2 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
IRE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 1 | −96.2% | −96.2% | −96.2% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
IRE performance overview
Defiance Daily Target 2X Long IREN ETF (IRE) returned −95.6% over the past year, with distributions reinvested. Since its first recorded price on Oct 21, 2025 it has returned −95.5%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −97.5%, from Nov 5, 2025 to Oct 23, 2026; the fund has not yet regained that high.
Related: IRE chart. See the IRE overview for the latest quote and fund facts.
IRE performance FAQ
What is the IRE return over the past year?
IRE returned −95.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 95.6%.
How much would $10,000 invested in IRE be worth?
$10,000 invested in IRE at its first recorded close on October 21, 2025 would be worth about $445 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of IRE?
The largest peak-to-trough decline was −97.5% between November 5, 2025 and October 23, 2026. It has not yet recovered to that high; it is 97.5% below its peak.