{"url":"https://etfiq.com/compare/leverage/cir-vs-crca","section":"compare","title":"CIR vs CRCA: which held to its multiple? | ETFIQ","description":"CIR sets out to return +2 times CRCL each day and CRCA +2 times. Over the month to Sep 30, 2026 they finished \u22123.7 pts and \u22124.5 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, CIR or CRCA?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, CIR finished 3.7 points from what its multiple implies and CRCA finished 25.6 points from its own, so CIR came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are CIR and CRCA levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Circle Internet, CIR at +2 times and CRCA at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, CIR or CRCA?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window CIR\u2019s moved at 95% annualized and CRCA\u2019s at 85%, so CIR has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold CIR 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, CIR or CRCA?","acceptedAnswer":{"@type":"Answer","text":"CIR charges 0.45% a year and CRCA charges 0.95%, so CIR 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":"CIR vs CRCA","item":"https://etfiq.com/compare/leverage/cir-vs-crca"}]},{"@type":"WebPage","name":"CIR vs CRCA: which held to its multiple?","description":"CIR sets out to return +2 times CRCL each day and CRCA +2 times. Over the month to Sep 30, 2026 they finished \u22123.7 pts and \u22124.5 pts away.","url":"https://etfiq.com/compare/leverage/cir-vs-crca","dateModified":"2026-09-30","abstract":"Over the days both have traded, CIR finished 3.7 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 CIR and CRCA","description":"CIR sets out to return +2 times CRCL each day and CRCA +2 times. Over the month to Sep 30, 2026 they finished \u22123.7 pts and \u22124.5 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/cir-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":6250,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / CIR vs CRCA \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n CIR vs CRCA: which held to its multiple?\n\n Over the days both have traded, CIR finished 3.7 points from its stated multiple and CRCA 4.5.\n Copy this for sharing \n \n Corgi CRCL 2x Daily ETF and ProShares Ultra CRCL.\n\n Download as PDF \n\n +30.6% CIR returned, since launch \n +39.7% CRCA returned, 3 months \n \u221221.6 pts CIR from its stated multiple \n \u221225.6 pts CRCA from its stated multiple \n\n CIR 3.7 pts short of its stated multiple \u00b7 1 month to Sep 30, 2026 [CIR returned \u221231.7%","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/cir-vs-crca","a":{"ticker":"CIR","name":"Corgi CRCL 2x Daily ETF","issuer":"Corgi","desk":"leverage","as_of":"2026-09-30","verdict":"One month to Sep 30, 2026: CIR returned \u221231.7% where its own daily promise gave \u221231.2%, 0.5 points short.","url":"https://etfiq.com/funds/cir","key_facts":[{"label":"What CRCL did","value":"\u221214.0%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221231.2%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221231.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22120.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$586,610","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.45%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 5, 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/cir-vs-crca"}