{"url":"https://etfiq.com/compare/leverage/cir-vs-crcd","section":"compare","title":"CIR vs CRCD: which held to its multiple? | ETFIQ","description":"CIR sets out to return +2 times CRCL each day and CRCD -2 times. Over the month to Sep 30, 2026 they finished \u22123.7 pts and \u221222.9 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, CIR or CRCD?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, CIR finished 3.7 points from what its multiple implies and CRCD finished 2.9 points from its own, so CRCD came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are CIR and CRCD levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Circle Internet, CIR at +2 times and CRCD at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, CIR or CRCD?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window CIR\u2019s moved at 95% annualized and CRCD\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 CRCD 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 CRCD?","acceptedAnswer":{"@type":"Answer","text":"CIR charges 0.45% a year and CRCD charges 1.50%, 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 CRCD","item":"https://etfiq.com/compare/leverage/cir-vs-crcd"}]},{"@type":"WebPage","name":"CIR vs CRCD: which held to its multiple?","description":"CIR sets out to return +2 times CRCL each day and CRCD -2 times. Over the month to Sep 30, 2026 they finished \u22123.7 pts and \u221222.9 pts away.","url":"https://etfiq.com/compare/leverage/cir-vs-crcd","dateModified":"2026-09-30","abstract":"Over a month against its own daily promise, CIR finished 0.5 points short and CRCD 1.4 points short.","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 CRCD","description":"CIR sets out to return +2 times CRCL each day and CRCD -2 times. Over the month to Sep 30, 2026 they finished \u22123.7 pts and \u221222.9 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/cir-vs-crcd","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":6492,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / CIR vs CRCD \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n CIR vs CRCD: which held to its multiple?\n\n Over a month against its own daily promise, CIR finished 0.5 points short and CRCD 1.4 points short.\n Copy this for sharing \n \n Corgi CRCL 2x Daily ETF and T-REX 2X INVERSE CRCL DAILY TARGET ETF.\n\n Download as PDF \n\n +30.6% CIR returned, since launch \n \u221268.2% CRCD returned, 3 months \n \u221221.6 pts CIR from its stated multiple \n \u22122.9 pts CRCD from its stated multiple \n\n CIR 3.7 pts short of its stated multiple \u00b7 1 month to Sep 30, 20","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-crcd","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":"CRCD","name":"T-REX 2X INVERSE CRCL DAILY TARGET ETF","issuer":"T-REX","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: CRCD returned \u221268.2% where its own daily promise gave \u221267.8%, 0.3 points short.","url":"https://etfiq.com/funds/crcd","key_facts":[{"label":"What CRCL did","value":"+32.6%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221267.8%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221268.2%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22120.3 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$9m","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"}]},"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-crcd"}