Which came closer to its stated multiple, CBRG or CBRX?

Over the window to Sep 30, 2026, CBRG finished 14.1 points from what its multiple implies and CBRX finished 13.3 points from its own, so CBRX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are CBRG and CBRX levered on the same thing?

Yes. Both are levered on Cerebras Systems, CBRG at +2 times and CBRX at +2 times the daily move.

Which one decays faster, CBRG or CBRX?

Decay follows how much the underlying moves about. Over this window CBRG’s moved at 108% annualized and CBRX’s at 108%, so CBRG has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold CBRG or CBRX 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, CBRG or CBRX?

CBRG charges 0.75% a year and CBRX charges 1.49%, so CBRG is cheaper. Fees come from each fund's prospectus.

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CBRG vs CBRX: which held to its multiple?

Over the days both have traded, CBRG finished 14.1 points from its stated multiple and CBRX 13.3. Leverage Shares 2X Long CBRS Daily ETF and Tradr 2X Long CBRS Daily ETF.

−53.5%

CBRG returned, 3 months

−52.7%

CBRX returned, 3 months

−14.1 pts

CBRG from its stated multiple

−13.3 pts

CBRX from its stated multiple

CBRG · 3 months to Sep 30, 202614.1 pts short of its stated multiple

CBRG returned −53.5% while 2 times CBRS's move would have been −39.4%

CBRX · 3 months to Sep 30, 202613.3 pts short of its stated multiple

CBRX returned −52.7% while 2 times CBRS's move would have been −39.4%

ETFIQ Decay Resistance Score · CBRX scores higherDid it keep up with its own daily multiple, compounded day by day?

CBRG 68

CBRX 93.2

0.1, the lowest in this set99.9, the highest

A percentile among the 470 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

	Total return		Multiple would give		Difference
Window	CBRG	CBRX	CBRG	CBRX	CBRG	CBRX
1 month	−11.9%	−11.7%	−7.2%	−7.2%	−4.8 pts	−4.5 pts
3 months	−53.5%	−52.7%	−39.4%	−39.4%	−14.1 pts	−13.3 pts
Since launch CBRG May 2026 · CBRX May 2026	−76.4%	−65.8%	−85.8%	−50.1%	+9.3 pts	−15.8 pts

CBRG and CBRX over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

CBRG

Leverage Shares 2X Long CBRS Daily ETF · Aims to return twice the daily move of Cerebras Systems (CBRS)

CBRX

Tradr 2X Long CBRS Daily ETF · Aims to return twice the daily move of Cerebras Systems (CBRS)

Issuer Leverage Shares Tradr

Sets out to return +2x +2x

Underlying asset CBRS CBRS

Segment company company

Fund returned, 3 months or since launch −53.5% −52.7%

Underlying returned, over that window −19.7% −19.7%

What the stated multiple implies, over that window −39.4% −39.4%

Difference from stated, over that window −14.1 pts −13.3 pts

Fund returned, 1 year or since launch −76.4% −65.8%

Difference from stated, over that window +9.3 pts −15.8 pts

Underlying volatility 108% 108%

Difference over the days both have traded −14.1 pts −13.3 pts

Expense ratio 0.75% 1.49%

Launched Feb 6, 2026 May 29, 2026

Net assets $72m $10m

CBRG and CBRX on the same fields, as of Sep 30, 2026. Source: ETFIQ.

CBRG in plain words

Three months to Sep 30, 2026: CBRG returned −53.5% where its own daily promise gave −51.5%, 2.0 points short. Read the multiple against the whole window instead and 2 times CBRS's −19.7% implies −39.4%, which makes CBRG look 14.1 points short. 12.1 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. CBRG aims to return +2 times CBRS'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. CBRS moved at 108% 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.

CBRX in plain words

Three months to Sep 30, 2026: CBRX returned −52.7% where its own daily promise gave −51.5%, 1.2 points short. Read the multiple against the whole window instead and 2 times CBRS's −19.7% implies −39.4%, which makes CBRX look 13.3 points short. CBRX aims to return +2 times CBRS's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, CBRG or CBRX?: Over the window to Sep 30, 2026, CBRG finished 14.1 points from what its multiple implies and CBRX finished 13.3 points from its own, so CBRX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are CBRG and CBRX levered on the same thing?: Yes. Both are levered on Cerebras Systems, CBRG at +2 times and CBRX at +2 times the daily move.
Which one decays faster, CBRG or CBRX?: Decay follows how much the underlying moves about. Over this window CBRG’s moved at 108% annualized and CBRX’s at 108%, so CBRG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold CBRG or CBRX 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, CBRG or CBRX?: CBRG charges 0.75% a year and CBRX charges 1.49%, so CBRG is cheaper. Fees come from each fund's prospectus.

Other comparisons

CBRG vs CBRZ CBRX vs CBRZ

CBRG on its own →CBRX on its own →How every figure is computed →Standards and sources →

Where these figures came from

CBRG filings on SEC EDGAR ↗CBRG prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗CBRX filings on SEC EDGAR ↗CBRX prospectus with the expense ratio (SEC) ↗Tradr website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, CBRG against CBRX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/cbrg-vs-cbrx

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.