Data as of .
CCUP vs CRCA: which held to its multiple?
Over the days both have traded, CCUP finished 6.3 points from its stated multiple and CRCA 6.4.
ETFIQ Decay Resistance Score: CCUP scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| CCUP | CRCA | CCUP | CRCA | CCUP | CRCA | |
| 1 month | +47.9% | +47.8% | +54.2% | +54.2% | −6.3 pts | −6.4 pts |
| 3 months | +7.2% | +4.9% | +32.8% | +32.8% | −25.6 pts | −27.8 pts |
| 6 months | −64.3% | −66.2% | −43.0% | −43.0% | −21.3 pts | −23.2 pts |
| 1 year | −83.6% | −85.2% | −64.5% | −64.5% | −19.1 pts | −20.7 pts |
| Since launch | −89.7% | −89.8% | −87.6% | −81.5% | −2.1 pts | −8.3 pts |
| CCUP T-REX 2X LONG CRCL DAILY TARGET ETF Aims to return twice the daily move of CRCL | CRCA ProShares Ultra CRCL Aims to return twice the daily move of CRCL | |
|---|---|---|
| Issuer | T-REX | ProShares |
| Sets out to return | +2x | +2x |
| On | CRCL | CRCL |
| Segment | company | company |
| Fund returned, 3 months | +7.2% | +4.9% |
| Underlying returned, 3 months | +16.4% | +16.4% |
| What the stated multiple implies, 3 months | +32.8% | +32.8% |
| Difference from stated, 3 months | −25.6 pts | −27.8 pts |
| Fund returned, 1 year or since launch | −83.6% | −85.2% |
| Difference from stated, over that window | −19.1 pts | −20.7 pts |
| Underlying volatility | 89% | 89% |
| Difference over the days both have traded | −6.3 pts | −6.4 pts |
| Expense ratio | 1.50% | not published |
| Launched | Aug 11, 2025 | Aug 7, 2025 |
CCUP in plain words
Three months to Sep 11, 2026: CCUP returned +7.2% where its own daily promise gave +10.8%, 3.6 points short. Read the multiple against the whole window instead and +2 times CRCL's 16.4% implies +32.8%, which makes CCUP look 25.6 points short. 21.9 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. CCUP aims to return +2 times CRCL's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. CRCL moved at 89% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
CRCA in plain words
Three months to Sep 11, 2026: CRCA returned +4.9% where its own daily promise gave +10.8%, 5.9 points short. Read the multiple against the whole window instead and +2 times CRCL's 16.4% implies +32.8%, which makes CRCA look 27.8 points short. CRCA aims to return +2 times CRCL's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, CCUP or CRCA?
- Over the window to Sep 11, 2026, CCUP finished 25.6 points from what its multiple implies and CRCA finished 27.8 points from its own, so CCUP came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are CCUP and CRCA levered on the same thing?
- Yes. Both are levered on CRCL, CCUP at +2 times and CRCA at +2 times the daily move.
- Which one decays faster, CCUP or CRCA?
- Decay follows how much the underlying moves about. Over this window CCUP’s moved at 89% annualized and CRCA’s at 89%, so CCUP has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold CCUP or CRCA for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, CCUP against CRCA, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/CCUP-CRCA Free to use with attribution; the underlying files are at Open data.