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

Over the window to Sep 30, 2026, CBRG finished 14.1 points from what its multiple implies and CBRZ finished 78.0 points from its own, so CBRG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are CBRG and CBRZ levered on the same thing?

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

Which one decays faster, CBRG or CBRZ?

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

Can I hold CBRG or CBRZ 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 CBRZ?

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

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CBRG vs CBRZ: which held to its multiple?

Over three months against its own daily promise, CBRG finished 2.0 points short and CBRZ 0.5 points over. Leverage Shares 2X Long CBRS Daily ETF and Tradr 2X Short CBRS Daily ETF.

−53.5%

CBRG returned, 3 months

−38.6%

CBRZ returned, 3 months

−14.1 pts

CBRG from its stated multiple

−78.0 pts

CBRZ 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%

CBRZ · 3 months to Sep 30, 202678 pts short of its stated multiple

CBRZ returned −38.6% while −2 times CBRS's move would have been +39.4%

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

CBRG among the 470 leveraged ETFs, long, over three months

CBRG 68

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

CBRZ among the 125 inverse ETFs over three months

CBRZ 26

0.4, the lowest in this set99.6, the highest

A percentile among the 470 leveraged ETFs, long, over three months. CBRZ is a percentile among the 125 inverse ETFs over three months, a different set, so the two marks are not on one scale. 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	CBRZ	CBRG	CBRZ	CBRG	CBRZ
1 month	−11.9%	−5.8%	−7.2%	+7.2%	−4.8 pts	−13.0 pts
3 months	−53.5%	−38.6%	−39.4%	+39.4%	−14.1 pts	−78.0 pts
Since launch CBRG May 2026 · CBRZ May 2026	−76.4%	−60.4%	−85.8%	+50.1%	+9.3 pts	−110.5 pts

CBRG and CBRZ 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)

CBRZ

Tradr 2X Short CBRS Daily ETF · Aims to return twice the opposite of 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% −38.6%

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 −78.0 pts

Fund returned, 1 year or since launch −76.4% −60.4%

Difference from stated, over that window +9.3 pts −110.5 pts

Underlying volatility 108% 108%

Difference over the days both have traded −14.1 pts no shared window

Expense ratio 0.75% 1.49%

Launched Feb 6, 2026 May 29, 2026

Net assets $72m $5m

CBRG and CBRZ 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.

CBRZ in plain words

Three months to Sep 30, 2026: CBRZ returned −38.6% where its own daily promise gave −39.1%, 0.5 points over. Read the multiple against the whole window instead and −2 times CBRS's −19.7% implies +39.4%, which makes CBRZ look 78.0 points short. 78.5 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. CBRZ aims to return -2 times CBRS'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, CBRG or CBRZ?: Over the window to Sep 30, 2026, CBRG finished 14.1 points from what its multiple implies and CBRZ finished 78.0 points from its own, so CBRG came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are CBRG and CBRZ levered on the same thing?: Yes. Both are levered on Cerebras Systems, CBRG at +2 times and CBRZ at -2 times the daily move.
Which one decays faster, CBRG or CBRZ?: Decay follows how much the underlying moves about. Over this window CBRG’s moved at 108% annualized and CBRZ’s at 108%, so CBRG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold CBRG or CBRZ 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 CBRZ?: CBRG charges 0.75% a year and CBRZ charges 1.49%, so CBRG is cheaper. Fees come from each fund's prospectus.

Other comparisons

CBRG vs CBRX CBRZ vs CBRX

CBRG on its own →CBRZ 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 ↗CBRZ filings on SEC EDGAR ↗CBRZ 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 CBRZ, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/cbrg-vs-cbrz

Open data

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