Which came closer to its stated multiple, CORD or CRWU?

Over the window to Sep 30, 2026, CORD finished 55.1 points from what its multiple implies and CRWU finished 22.4 points from its own, so CRWU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are CORD and CRWU levered on the same thing?

Yes. Both are levered on CoreWeave, CORD at -2 times and CRWU at +2 times the daily move.

Which one decays faster, CORD or CRWU?

Decay follows how much the underlying moves about. Over this window CORD’s moved at 100% annualized and CRWU’s at 100%, so CORD has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold CORD or CRWU 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, CORD or CRWU?

CORD charges 1.50% a year and CRWU charges 1.50%, so CORD is cheaper. Fees come from each fund's prospectus.

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CORD vs CRWU: which held to its multiple?

Over three months against its own daily promise, CORD finished 0.3 points short and CRWU 1.8 points short. T-REX 2X INVERSE CRWV DAILY TARGET ETF and T-REX 2X Long CRWV Daily Target ETF.

−58.4%

CORD returned, 3 months

−19.0%

CRWU returned, 3 months

−55.1 pts

CORD from its stated multiple

−22.4 pts

CRWU from its stated multiple

CORD · 3 months to Sep 30, 202655.1 pts short of its stated multiple

CORD returned −58.4% while −2 times CRWV's move would have been −3.3%

CRWU · 3 months to Sep 30, 202622.4 pts short of its stated multiple

CRWU returned −19.0% while 2 times CRWV's move would have been +3.3%

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

CORD among the 125 inverse ETFs over three months

CORD 13.2

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

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

CRWU 77.2

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

A percentile among the 125 inverse ETFs over three months. CRWU is a percentile among the 470 leveraged ETFs, long, 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	CORD	CRWU	CORD	CRWU	CORD	CRWU
1 month	−16.3%	+0.9%	−5.3%	+5.3%	−11.1 pts	−4.3 pts
3 months	−58.4%	−19.0%	−3.3%	+3.3%	−55.1 pts	−22.4 pts
6 months	−80.1%	−21.8%	−22.1%	+22.1%	−58.0 pts	−44.0 pts
1 year	−85.6%	−84.8%	+72.7%	−72.7%	−158.3 pts	−12.2 pts
Since launch CORD Sep 2025 · CRWU Jul 2025	−89.4%	−83.7%	+55.2%	−49.3%	−144.6 pts	−34.4 pts

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

On the same fields

CORD

T-REX 2X INVERSE CRWV DAILY TARGET ETF · Aims to return twice the opposite of the daily move of CoreWeave (CRWV)

CRWU

T-REX 2X Long CRWV Daily Target ETF · Aims to return twice the daily move of CoreWeave (CRWV)

Issuer T-REX T-REX

Sets out to return -2x +2x

Underlying asset CRWV CRWV

Segment company company

Fund returned, 3 months or since launch −58.4% −19.0%

Underlying returned, over that window +1.7% +1.7%

What the stated multiple implies, over that window −3.3% +3.3%

Difference from stated, over that window −55.1 pts −22.4 pts

Fund returned, 1 year or since launch −85.6% −84.8%

Difference from stated, over that window −158.3 pts −12.2 pts

Underlying volatility 100% 100%

Difference over the days both have traded no shared window −4.3 pts

Expense ratio 1.50% 1.50%

Launched Sep 26, 2025 Jul 25, 2025

Net assets $20m $29m

CORD and CRWU on the same fields, as of Sep 30, 2026. Source: ETFIQ.

CORD in plain words

Three months to Sep 30, 2026: CORD returned −58.4% where its own daily promise gave −58.1%, 0.3 points short. Read the multiple against the whole window instead and −2 times CRWV's 1.7% implies −3.3%, which makes CORD look 55.1 points short. 54.7 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. CORD aims to return -2 times CRWV'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. CRWV moved at 100% 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.

CRWU in plain words

Three months to Sep 30, 2026: CRWU returned −19.0% where its own daily promise gave −17.3%, 1.8 points short. Read the multiple against the whole window instead and 2 times CRWV's 1.7% implies +3.3%, which makes CRWU look 22.4 points short. 20.6 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. CRWU aims to return +2 times CRWV'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, CORD or CRWU?: Over the window to Sep 30, 2026, CORD finished 55.1 points from what its multiple implies and CRWU finished 22.4 points from its own, so CRWU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are CORD and CRWU levered on the same thing?: Yes. Both are levered on CoreWeave, CORD at -2 times and CRWU at +2 times the daily move.
Which one decays faster, CORD or CRWU?: Decay follows how much the underlying moves about. Over this window CORD’s moved at 100% annualized and CRWU’s at 100%, so CORD has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold CORD or CRWU 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, CORD or CRWU?: CORD charges 1.50% a year and CRWU charges 1.50%, so CORD is cheaper. Fees come from each fund's prospectus.

Other comparisons

CORD vs CRWG CORD vs CRWX CORD vs CWVX CRWU vs CRWX CRWU vs CWVX CRWU vs CRWG

CORD on its own →CRWU on its own →How every figure is computed →Standards and sources →

Where these figures came from

CORD and CRWU filings on SEC EDGAR ↗CORD and CRWU prospectus with the expense ratio (SEC) ↗T-REX page for CORD ↗T-REX page for CRWU ↗

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, CORD against CRWU, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/cord-vs-crwu

Open data

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