IREX vs SPY
Tradr 2X Long IREN Daily ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, IREX or SPY?
Trading-Leveraged Equity against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IREX | SPY |
|---|---|---|
| Expense Ratio | 1.30% | 0.09%Best |
| AUM | $50M | $811.2B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 4 | 1,515 |
| YTD Return | -23.70% | +14.85%Best |
| 1Y Return | -66.27% | +17.26%Best |
| 3Y Return (annualized) | - | +22.95% |
| 5Y Return (annualized) | - | +13.89% |
| Volatility (annualized) | 197.8% | 13.2%Best |
| Fund Family | Tradr ETFs | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Oct 22, 2025 | Jan 22, 1993 |
Not shown on this pair: Max Drawdown, $10,000 over the window, Top 10 Weight.
IREX vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
IREX vs SPY Performance
Tradr 2X Long IREN Daily ETF (IREX) is an ETF from Tradr ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year IREX returned -66.27% while SPY returned +17.26%. Year to date, IREX is down 23.70% versus a gain of 14.85% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IREX has been the more volatile fund, with annualized monthly volatility of 197.8% compared with 13.2% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.29. They move largely independently of each other.
Fees and Cost Over Time
IREX charges 1.30% per year while SPY charges 0.09%. On a $10,000 position that is $130 vs $9 annually, a gap of $121 per year that compounds over a long holding period. On income, IREX currently yields 0.00% against 0.98% for SPY.
You are not choosing between two funds in isolation.
Whichever of IREX and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IREX or SPY?
IREX has an expense ratio of 1.30% while SPY charges 0.09%. SPY is the cheaper option, by $121 a year on a $10,000 investment.
Which performed better, IREX or SPY?
Over the past year IREX returned -66.27% vs +17.26% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IREX or SPY?
IREX has been the more volatile fund at 197.8% annualized versus 13.2% for SPY.
Should I hold both IREX and SPY?
IREX and SPY have a monthly-return correlation of 0.29, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IREX or SPY?
IREX yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than IREX?
SPY has a lower expense ratio. SPY led over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.