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

Over the window to Sep 30, 2026, CORD finished 55.1 points from what its multiple implies and CWVX finished 23.4 points from its own, so CWVX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are CORD and CWVX levered on the same thing?

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

Which one decays faster, CORD or CWVX?

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

Can I hold CORD or CWVX 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 CWVX?

CORD charges 1.50% a year and CWVX charges 1.30%, so CWVX is cheaper. Fees come from each fund's prospectus.

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CORD vs CWVX: which held to its multiple?

Over three months against its own daily promise, CORD finished 0.3 points short and CWVX 2.8 points short. T-REX 2X INVERSE CRWV DAILY TARGET ETF and Tradr 2X Long CRWV Daily ETF.

−58.4%

CORD returned, 3 months

−20.1%

CWVX returned, 3 months

−55.1 pts

CORD from its stated multiple

−23.4 pts

CWVX 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%

CWVX · 3 months to Sep 30, 202623.4 pts short of its stated multiple

CWVX returned −20.1% while 2 times CRWV's move would have been +3.3%

ETFIQ Decay Resistance Score · CWVX 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

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

CWVX 45.9

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

A percentile among the 125 inverse ETFs over three months. CWVX 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	CWVX	CORD	CWVX	CORD	CWVX
1 month	−16.3%	+0.1%	−5.3%	+5.3%	−11.1 pts	−5.1 pts
3 months	−58.4%	−20.1%	−3.3%	+3.3%	−55.1 pts	−23.4 pts
6 months	−80.1%	−22.9%	−22.1%	+22.1%	−58.0 pts	−45.0 pts
1 year	−85.6%	−84.8%	+72.7%	−72.7%	−158.3 pts	−12.1 pts
Since launch CORD Sep 2025 · CWVX Jul 2025	−89.4%	−84.9%	+55.2%	−61.5%	−144.6 pts	−23.4 pts

CORD and CWVX 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)

CWVX

Tradr 2X Long CRWV Daily ETF · Aims to return twice the daily move of CoreWeave (CRWV)

Issuer T-REX Tradr

Sets out to return -2x +2x

Underlying asset CRWV CRWV

Segment company company

Fund returned, 3 months or since launch −58.4% −20.1%

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 −23.4 pts

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

Difference from stated, over that window −158.3 pts −12.1 pts

Underlying volatility 100% 100%

Difference over the days both have traded no shared window −5.1 pts

Expense ratio 1.50% 1.30%

Launched Sep 26, 2025 Jul 11, 2025

Net assets $20m $81m

CORD and CWVX 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.

CWVX in plain words

Three months to Sep 30, 2026: CWVX returned −20.1% where its own daily promise gave −17.3%, 2.8 points short. Read the multiple against the whole window instead and 2 times CRWV's 1.7% implies +3.3%, which makes CWVX look 23.4 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. CWVX 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 CWVX?: Over the window to Sep 30, 2026, CORD finished 55.1 points from what its multiple implies and CWVX finished 23.4 points from its own, so CWVX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are CORD and CWVX levered on the same thing?: Yes. Both are levered on CoreWeave, CORD at -2 times and CWVX at +2 times the daily move.
Which one decays faster, CORD or CWVX?: Decay follows how much the underlying moves about. Over this window CORD’s moved at 100% annualized and CWVX’s at 100%, so CORD has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold CORD or CWVX 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 CWVX?: CORD charges 1.50% a year and CWVX charges 1.30%, so CWVX is cheaper. Fees come from each fund's prospectus.

Other comparisons

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

CORD on its own →CWVX 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 ↗CWVX filings on SEC EDGAR ↗CWVX prospectus with the expense ratio (SEC) ↗Tradr 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 CWVX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/cord-vs-cwvx

Open data

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