Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

CRWU vs CWVX: which held to its multiple?

Over the days both have traded, CRWU finished 0.5 points from its stated multiple and CWVX 0.6.

T-REX 2X Long CRWV Daily Target ETF and Tradr 2X Long CRWV Daily ETF, side by side, leveraged ETFs on ETFIQ.

−41.1%CRWU returned, 3 months
−41.3%CWVX returned, 3 months
−18.1 ptsCRWU from its stated multiple
−18.3 ptsCWVX from its stated multiple

ETFIQ Decay Resistance Score: CRWU scores higher

Did it keep up with its own daily multiple, compounded day by day?

CRWU 82.2CWVX 76.50.1, the lowest in this set99.9, the highest

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

CRWU18.1 pts short of its label · 3 months to Sep 11, 2026
CRWV −11.5% ×2 implies−23.0%CRWU returned−41.1%CRWV −11.5% ×2 implies−23.0%CRWU returned−41.1%
CWVX18.3 pts short of its label · 3 months to Sep 11, 2026
CRWV −11.5% ×2 implies−23.0%CWVX returned−41.3%CRWV −11.5% ×2 implies−23.0%CWVX returned−41.3%

Performance, window by window

CRWU and CWVX over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnMultiple would giveDifference
CRWUCWVXCRWUCWVXCRWUCWVX
1 month−35.3%−35.4%−34.8%−34.8%−0.5 pts−0.6 pts
3 months−41.1%−41.3%−23.0%−23.0%−18.1 pts−18.3 pts
6 months−26.1%−26.3%+19.4%+19.4%−45.5 pts−45.7 pts
1 year−77.3%−77.0%−42.1%−42.1%−35.2 pts−34.9 pts
Since launch−82.7%−83.9%−46.1%−58.6%−36.7 pts−25.4 pts
Open the live comparison on ETFIQ
CRWU and CWVX on the same fields, as of Sep 11, 2026. Source: ETFIQ.
CRWU
T-REX 2X Long CRWV Daily Target ETF
Aims to return twice the daily move of CRWV
CWVX
Tradr 2X Long CRWV Daily ETF
Aims to return twice the daily move of CRWV
IssuerT-REXTradr
Sets out to return+2x+2x
OnCRWVCRWV
Segmentcompanycompany
Fund returned, 3 months−41.1%−41.3%
Underlying returned, 3 months−11.5%−11.5%
What the stated multiple implies, 3 months−23.0%−23.0%
Difference from stated, 3 months−18.1 pts−18.3 pts
Fund returned, 1 year or since launch−77.3%−77.0%
Difference from stated, over that window−35.2 pts−34.9 pts
Underlying volatility107%107%
Difference over the days both have traded−0.5 pts−0.6 pts
Expense ratio1.50%1.30%
LaunchedJul 25, 2025Jul 11, 2025

CRWU in plain words

Three months to Sep 11, 2026: CRWU returned −41.1% where its own daily promise gave −39.5%, 1.7 points short. Read the multiple against the whole window instead and +2 times CRWV's −11.5% implies −23.0%, which makes CRWU look 18.1 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. CRWU 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.

CWVX in plain words

Three months to Sep 11, 2026: CWVX returned −41.3% where its own daily promise gave −39.5%, 1.8 points short. Read the multiple against the whole window instead and +2 times CRWV's −11.5% implies −23.0%, which makes CWVX look 18.3 points short. CWVX aims to return +2 times CRWV's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, CRWU or CWVX?
Over the window to Sep 11, 2026, CRWU finished 18.1 points from what its multiple implies and CWVX finished 18.3 points from its own, so CRWU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are CRWU and CWVX levered on the same thing?
Yes. Both are levered on CRWV, CRWU at +2 times and CWVX at +2 times the daily move.
Which one decays faster, CRWU or CWVX?
Decay follows how much the underlying moves about. Over this window CRWU’s moved at 107% annualized and CWVX’s at 107%, so CRWU has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold CRWU or CWVX 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, CRWU or CWVX?
CRWU charges 1.50% a year and CWVX charges 1.30%, so CWVX 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.

CRWU against CWVX, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, CRWU against CWVX, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/CRWU-CWVX Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources