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

Over the window to Sep 30, 2026, CORD finished 55.1 points from what its multiple implies and CRWX finished 4.8 points from its own, so CRWX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are CORD and CRWX levered on the same thing?

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

Which one decays faster, CORD or CRWX?

Decay follows how much the underlying moves about. Over this window CORD’s moved at 100% annualized and CRWX’s at 70%, so CORD has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold CORD or CRWX 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 CRWX?

CORD charges 1.50% a year and CRWX charges 0.45%, so CRWX is cheaper. Fees come from each fund's prospectus.

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CORD vs CRWX: which held to its multiple?

Over a month against its own daily promise, CORD finished 0.0 points over and CRWX 0.8 points short. T-REX 2X INVERSE CRWV DAILY TARGET ETF and Corgi CRWV 2x Daily ETF.

−58.4%

CORD returned, 3 months

−15.4%

CRWX returned, since launch

−55.1 pts

CORD from its stated multiple

−24.0 pts

CRWX 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%

CRWX · 1 month to Sep 30, 20264.8 pts short of its stated multiple

CRWX returned +0.5% while 2 times CRWV's move would have been +5.3%

Performance, window by window

	Total return		Multiple would give		Difference
Window	CORD	CRWX	CORD	CRWX	CORD	CRWX
1 month	−16.3%	+0.5%	−5.3%	+5.3%	−11.1 pts	−4.8 pts
3 months	−58.4%	not published	−3.3%	not published	−55.1 pts	not published
6 months	−80.1%	not published	−22.1%	not published	−58.0 pts	not published
1 year	−85.6%	not published	+72.7%	not published	−158.3 pts	not published
Since launch CORD Sep 2025 · CRWX Jul 2026	−89.4%	−15.4%	+55.2%	+8.6%	−144.6 pts	−24.0 pts

CORD and CRWX 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)

CRWX

Corgi CRWV 2x Daily ETF · Aims to return twice the daily move of CoreWeave (CRWV)

Issuer T-REX Corgi

Sets out to return -2x +2x

Underlying asset CRWV CRWV

Segment company company

Fund returned, 3 months or since launch −58.4% +0.5%

Underlying returned, over that window +1.7% +2.6%

What the stated multiple implies, over that window −3.3% +5.3%

Difference from stated, over that window −55.1 pts −4.8 pts

Fund returned, 1 year or since launch −85.6% −15.4%

Difference from stated, over that window −158.3 pts −24.0 pts

Underlying volatility 100% 70%

Difference over the days both have traded no shared window −4.8 pts

Expense ratio 1.50% 0.45%

Launched Sep 26, 2025 Jul 7, 2026

Net assets $20m $2m

CORD and CRWX 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.

CRWX in plain words

One month to Sep 30, 2026: CRWX returned +0.5% where its own daily promise gave +1.3%, 0.8 points short. Read the multiple against the whole window instead and 2 times CRWV's 2.6% implies +5.3%, which makes CRWX look 4.8 points short. 4.0 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. CRWX 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. CRWV moved at 70% annualized over that window.

Questions people ask

Which came closer to its stated multiple, CORD or CRWX?: Over the window to Sep 30, 2026, CORD finished 55.1 points from what its multiple implies and CRWX finished 4.8 points from its own, so CRWX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are CORD and CRWX levered on the same thing?: Yes. Both are levered on CoreWeave, CORD at -2 times and CRWX at +2 times the daily move.
Which one decays faster, CORD or CRWX?: Decay follows how much the underlying moves about. Over this window CORD’s moved at 100% annualized and CRWX’s at 70%, so CORD has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold CORD or CRWX 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 CRWX?: CORD charges 1.50% a year and CRWX charges 0.45%, so CRWX is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

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

Where these figures came from

CORD filings on SEC EDGAR ↗CORD prospectus with the expense ratio (SEC) ↗T-REX page for CORD ↗CRWX filings on SEC EDGAR ↗CRWX prospectus with the expense ratio (SEC) ↗Corgi 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, CORD against CRWX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/cord-vs-crwx

Open data

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