{"url":"https://etfiq.com/compare/leverage/ccup-vs-crca","section":"compare","title":"CCUP vs CRCA: which held to its multiple? | ETFIQ","description":"CCUP sets out to return +2 times CRCL each day and CRCA +2 times. Over the three months to Sep 30, 2026 they finished \u221223.4 pts and \u221225.6 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, CCUP or CRCA?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, CCUP finished 23.4 points from what its multiple implies and CRCA finished 25.6 points from its own, so CCUP came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are CCUP and CRCA levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Circle Internet, CCUP at +2 times and CRCA at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, CCUP or CRCA?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window CCUP\u2019s moved at 85% annualized and CRCA\u2019s at 85%, so CCUP has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold CCUP or CRCA for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, CCUP or CRCA?","acceptedAnswer":{"@type":"Answer","text":"CCUP charges 1.50% a year and CRCA charges 0.95%, so CRCA is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"CCUP vs CRCA","item":"https://etfiq.com/compare/leverage/ccup-vs-crca"}]},{"@type":"WebPage","name":"CCUP vs CRCA: which held to its multiple?","description":"CCUP sets out to return +2 times CRCL each day and CRCA +2 times. Over the three months to Sep 30, 2026 they finished \u221223.4 pts and \u221225.6 pts away.","url":"https://etfiq.com/compare/leverage/ccup-vs-crca","dateModified":"2026-09-30","abstract":"Over the days both have traded, CCUP finished 4.1 points from its stated multiple and CRCA 4.5.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of CCUP and CRCA","description":"CCUP sets out to return +2 times CRCL each day and CRCA +2 times. Over the three months to Sep 30, 2026 they finished \u221223.4 pts and \u221225.6 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/ccup-vs-crca","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6522,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / CCUP vs CRCA \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n CCUP vs CRCA: which held to its multiple?\n\n Over the days both have traded, CCUP finished 4.1 points from its stated multiple and CRCA 4.5.\n Copy this for sharing \n \n T-REX 2X LONG CRCL DAILY TARGET ETF and ProShares Ultra CRCL.\n\n Download as PDF \n\n +41.9% CCUP returned, 3 months \n +39.7% CRCA returned, 3 months \n \u221223.4 pts CCUP from its stated multiple \n \u221225.6 pts CRCA from its stated multiple \n\n ETFIQ Decay Resistance Score: CCUP scores higher\n Did it keep up with its ","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/ccup-vs-crca","a":{"ticker":"CCUP","name":"T-REX 2X LONG CRCL DAILY TARGET ETF","issuer":"T-REX","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: CCUP returned +41.9% where its own daily promise gave +47.6%, 5.7 points short.","url":"https://etfiq.com/funds/ccup","key_facts":[{"label":"What CRCL did","value":"+32.6%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+47.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+41.9%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22125.7 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$34m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"1.50%","as_of":"2026-09-30","source":"485BPOS XBRL, Apr 30, 2026"}]},"b":{"ticker":"CRCA","name":"ProShares Ultra CRCL","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: CRCA returned +39.7% where its own daily promise gave +47.6%, 8.0 points short.","url":"https://etfiq.com/funds/crca","key_facts":[{"label":"What CRCL did","value":"+32.6%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+47.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+39.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22128.0 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$99m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/ccup-vs-crca"}