Data as of .
CORD vs CRWG: which held to its multiple?
Over three months against its own daily promise, CORD finished 0.2 points short and CRWG 2.7 points short.
ETFIQ Decay Resistance Score: CRWG scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 121 inverse ETFs 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 | |||
|---|---|---|---|---|---|---|
| CORD | CRWG | CORD | CRWG | CORD | CRWG | |
| 1 month | +28.5% | −35.6% | +34.8% | −34.8% | −6.3 pts | −0.8 pts |
| 3 months | −49.6% | −42.2% | +23.0% | −23.0% | −72.6 pts | −19.2 pts |
| 6 months | −81.4% | −28.7% | −19.4% | +19.4% | −62.0 pts | −48.1 pts |
| 1 year | not published | −78.0% | not published | −42.1% | not published | −35.9 pts |
| Since launch | −89.3% | −87.9% | +52.1% | −72.7% | −141.4 pts | −15.3 pts |
| CORD T-REX 2X INVERSE CRWV DAILY TARGET ETF Aims to return twice the opposite of the daily move of CRWV | CRWG Leverage Shares 2X Long CRWV Daily ETF Aims to return twice the daily move of CRWV | |
|---|---|---|
| Issuer | T-REX | Leverage Shares |
| Sets out to return | -2x | +2x |
| On | CRWV | CRWV |
| Segment | company | company |
| Fund returned, 3 months | −49.6% | −42.2% |
| Underlying returned, 3 months | −11.5% | −11.5% |
| What the stated multiple implies, 3 months | +23.0% | −23.0% |
| Difference from stated, 3 months | −72.6 pts | −19.2 pts |
| Fund returned, 1 year or since launch | −89.3% | −78.0% |
| Difference from stated, over that window | −141.4 pts | −35.9 pts |
| Underlying volatility | 107% | 107% |
| Difference over the days both have traded | no shared window | −0.8 pts |
| Expense ratio | 1.50% | 0.77% |
| Launched | Sep 26, 2025 | Aug 11, 2025 |
CORD in plain words
Three months to Sep 11, 2026: CORD returned −49.6% where its own daily promise gave −49.3%, 0.2 points short. Read the multiple against the whole window instead and −2 times CRWV's −11.5% implies +23.0%, which makes CORD look 72.6 points short. 72.3 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. CORD aims to return -2 times CRWV'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. CRWV moved at 107% 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.
CRWG in plain words
Three months to Sep 11, 2026: CRWG returned −42.2% where its own daily promise gave −39.5%, 2.7 points short. Read the multiple against the whole window instead and +2 times CRWV's −11.5% implies −23.0%, which makes CRWG look 19.2 points short. 16.5 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. CRWG aims to return +2 times CRWV's move each day, then resets. 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.
Questions people ask
- Which came closer to its stated multiple, CORD or CRWG?
- Over the window to Sep 11, 2026, CORD finished 72.6 points from what its multiple implies and CRWG finished 19.2 points from its own, so CRWG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are CORD and CRWG levered on the same thing?
- Yes. Both are levered on CRWV, CORD at -2 times and CRWG at +2 times the daily move.
- Which one decays faster, CORD or CRWG?
- Decay follows how much the underlying moves about. Over this window CORD’s moved at 107% annualized and CRWG’s at 107%, so CORD has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold CORD or CRWG 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.
- Which is cheaper, CORD or CRWG?
- CORD charges 1.50% a year and CRWG charges 0.77%, so CRWG is cheaper. Fees come from each fund's prospectus.
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, CORD against CRWG, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/CORD-CRWG Free to use with attribution; the underlying files are at Open data.