Data as of .
CIR vs CRCG: which held to its multiple?
Over the days both have traded, CIR finished 4.5 points from its stated multiple and CRCG 6.4.
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| CIR | CRCG | CIR | CRCG | CIR | CRCG | |
| 1 month | +49.7% | +47.8% | +54.2% | +54.2% | −4.5 pts | −6.4 pts |
| 3 months | not published | +5.8% | not published | +32.8% | not published | −27.0 pts |
| 6 months | not published | −65.4% | not published | −43.0% | not published | −22.4 pts |
| 1 year | not published | −84.4% | not published | −64.5% | not published | −19.9 pts |
| Since launch | +67.4% | −90.2% | +78.1% | −87.6% | −10.7 pts | −2.6 pts |
| CIR Corgi CRCL 2x Daily ETF Aims to return twice the daily move of CRCL | CRCG Leverage Shares 2X Long CRCL Daily ETF Aims to return twice the daily move of CRCL | |
|---|---|---|
| Issuer | Corgi | Leverage Shares |
| Sets out to return | +2x | +2x |
| On | CRCL | CRCL |
| Segment | company | company |
| Fund returned, 3 months | +49.7% | +5.8% |
| Underlying returned, 3 months | +27.1% | +16.4% |
| What the stated multiple implies, 3 months | +54.2% | +32.8% |
| Difference from stated, 3 months | −4.5 pts | −27.0 pts |
| Fund returned, 1 year or since launch | +67.4% | −84.4% |
| Difference from stated, over that window | −10.7 pts | −19.9 pts |
| Underlying volatility | 97% | 89% |
| Difference over the days both have traded | −4.5 pts | −6.4 pts |
| Expense ratio | not published | 0.78% |
| Launched | Jul 7, 2026 | Aug 11, 2025 |
CIR in plain words
One month to Sep 11, 2026: CIR returned +49.7% where its own daily promise gave +50.2%, 0.5 points short. Read the multiple against the whole window instead and +2 times CRCL's 27.1% implies +54.2%, which makes CIR look 4.5 points short. 4.0 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. CIR 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 97% 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.
CRCG in plain words
Three months to Sep 11, 2026: CRCG returned +5.8% where its own daily promise gave +10.8%, 5.0 points short. Read the multiple against the whole window instead and +2 times CRCL's 16.4% implies +32.8%, which makes CRCG look 27.0 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. CRCG aims to return +2 times CRCL's move each day, then resets. CRCL moved at 89% annualized over that window.
Questions people ask
- Which came closer to its stated multiple, CIR or CRCG?
- Over the window to Sep 11, 2026, CIR finished 4.5 points from what its multiple implies and CRCG finished 27.0 points from its own, so CIR came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are CIR and CRCG levered on the same thing?
- Yes. Both are levered on CRCL, CIR at +2 times and CRCG at +2 times the daily move.
- Which one decays faster, CIR or CRCG?
- Decay follows how much the underlying moves about. Over this window CIR’s moved at 97% annualized and CRCG’s at 89%, so CIR has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold CIR or CRCG 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, CIR against CRCG, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/CIR-CRCG Free to use with attribution; the underlying files are at Open data.