Which came closer to its stated multiple, CRMU or CRMX?

Over the window to Sep 30, 2026, CRMU finished 10.7 points from what its multiple implies and CRMX finished 10.3 points from its own, so CRMX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are CRMU and CRMX levered on the same thing?

Yes. Both are levered on Critical Metals, CRMU at +2 times and CRMX at +2 times the daily move.

Which one decays faster, CRMU or CRMX?

Decay follows how much the underlying moves about. Over this window CRMU’s moved at 130% annualized and CRMX’s at 130%, so CRMU has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold CRMU or CRMX 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, CRMU or CRMX?

CRMU charges 0.75% a year and CRMX charges 1.49%, so CRMU is cheaper. Fees come from each fund's prospectus.

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CRMU vs CRMX: which held to its multiple?

Over the days both have traded, CRMU finished 10.7 points from its stated multiple and CRMX 10.3. Leverage Shares 2X Long CRML Daily ETF and Tradr 2X Long CRML Daily ETF.

−63.3%

CRMU returned, 3 months

−62.9%

CRMX returned, 3 months

−10.7 pts

CRMU from its stated multiple

−10.3 pts

CRMX from its stated multiple

CRMU · 3 months to Sep 30, 202610.7 pts short of its stated multiple

CRMU returned −63.3% while 2 times CRML's move would have been −52.6%

CRMX · 3 months to Sep 30, 202610.3 pts short of its stated multiple

CRMX returned −62.9% while 2 times CRML's move would have been −52.6%

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

CRMU 55.6

CRMX 67.6

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

A percentile among the 470 leveraged ETFs, long, over three months. 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	CRMU	CRMX	CRMU	CRMX	CRMU	CRMX
1 month	−12.6%	−11.4%	+1.4%	+1.4%	−13.9 pts	−12.8 pts
3 months	−63.3%	−62.9%	−52.6%	−52.6%	−10.7 pts	−10.3 pts
6 months	−66.5%	−65.3%	−25.3%	−25.3%	−41.2 pts	−40.0 pts
Since launch CRMU Feb 2026 · CRMX Jan 2026	−83.9%	−92.4%	−68.0%	−92.6%	−15.9 pts	+0.2 pts

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

On the same fields

CRMU

Leverage Shares 2X Long CRML Daily ETF · Aims to return twice the daily move of Critical Metals (CRML)

CRMX

Tradr 2X Long CRML Daily ETF · Aims to return twice the daily move of Critical Metals (CRML)

Issuer Leverage Shares Tradr

Sets out to return +2x +2x

Underlying asset CRML CRML

Segment company company

Fund returned, 3 months or since launch −63.3% −62.9%

Underlying returned, over that window −26.3% −26.3%

What the stated multiple implies, over that window −52.6% −52.6%

Difference from stated, over that window −10.7 pts −10.3 pts

Fund returned, 1 year or since launch −83.9% −92.4%

Difference from stated, over that window −15.9 pts +0.2 pts

Underlying volatility 130% 130%

Difference over the days both have traded −10.7 pts −10.3 pts

Expense ratio 0.75% 1.49%

Launched Feb 10, 2026 Jan 13, 2026

Net assets $4m $9m

CRMU and CRMX on the same fields, as of Sep 30, 2026. Source: ETFIQ.

CRMU in plain words

Three months to Sep 30, 2026: CRMU returned −63.3% where its own daily promise gave −60.8%, 2.5 points short. Read the multiple against the whole window instead and 2 times CRML's −26.3% implies −52.6%, which makes CRMU look 10.7 points short. 8.2 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. CRMU aims to return +2 times CRML'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. CRML moved at 130% 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.

CRMX in plain words

Three months to Sep 30, 2026: CRMX returned −62.9% where its own daily promise gave −60.8%, 2.1 points short. Read the multiple against the whole window instead and 2 times CRML's −26.3% implies −52.6%, which makes CRMX look 10.3 points short. CRMX aims to return +2 times CRML's move each day, then resets.

Questions people ask

Which came closer to its stated multiple, CRMU or CRMX?: Over the window to Sep 30, 2026, CRMU finished 10.7 points from what its multiple implies and CRMX finished 10.3 points from its own, so CRMX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are CRMU and CRMX levered on the same thing?: Yes. Both are levered on Critical Metals, CRMU at +2 times and CRMX at +2 times the daily move.
Which one decays faster, CRMU or CRMX?: Decay follows how much the underlying moves about. Over this window CRMU’s moved at 130% annualized and CRMX’s at 130%, so CRMU has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold CRMU or CRMX 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, CRMU or CRMX?: CRMU charges 0.75% a year and CRMX charges 1.49%, so CRMU is cheaper. Fees come from each fund's prospectus.

Other comparisons

CRMU on its own →CRMX on its own →How every figure is computed →Standards and sources →

Where these figures came from

CRMU filings on SEC EDGAR ↗CRMU prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗CRMX filings on SEC EDGAR ↗CRMX 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, CRMU against CRMX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/crmu-vs-crmx

Open data

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