CRWG vs CRWX: which held to its multiple?

Over the days both have traded, CRWG finished 5.6 points from its stated multiple and CRWX 4.8. Leverage Shares 2X Long CRWV Daily ETF and Corgi CRWV 2x Daily ETF.

−21.3%
CRWG returned, 3 months
−15.4%
CRWX returned, since launch
−24.7 pts
CRWG from its stated multiple
−24.0 pts
CRWX from its stated multiple
CRWG · 3 months to Sep 30, 202624.7 pts short of its stated multiple
24.7 pts short of its stated multipleCRWG returned −21.3% while 2 times CRWV's move would have been +3.3%CRWV +1.7% ×2 implies+3.3%CRWG returned−21.3%24.7 pts short of its stated multipleCRWG returned −21.3% while 2 times CRWV's move would have been +3.3%CRWV +1.7% ×2 implies+3.3%CRWG returned−21.3%

CRWG returned −21.3% 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
4.8 pts short of its stated multipleCRWX returned +0.5% while 2 times CRWV's move would have been +5.3%CRWV +2.6% ×2 implies+5.3%CRWX returned+0.5%4.8 pts short of its stated multipleCRWX returned +0.5% while 2 times CRWV's move would have been +5.3%CRWV +2.6% ×2 implies+5.3%CRWX returned+0.5%

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

Performance, window by window

Total returnMultiple would giveDifference
WindowCRWGCRWXCRWGCRWXCRWGCRWX
1 month−0.3%+0.5%+5.3%+5.3%−5.6 pts−4.8 pts
3 months−21.3%not published+3.3%not published−24.7 ptsnot published
6 months−25.1%not published+22.1%not published−47.2 ptsnot published
1 year−85.6%not published−72.7%not published−12.9 ptsnot published
Since launch
CRWG Aug 2025 · CRWX Jul 2026
−88.7%−15.4%−75.3%+8.6%−13.4 pts−24.0 pts

CRWG 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

CRWG
Leverage Shares 2X Long CRWV Daily ETF · Aims to return twice the daily move of CoreWeave (CRWV)
CRWX
Corgi CRWV 2x Daily ETF · Aims to return twice the daily move of CoreWeave (CRWV)
Issuer Leverage Shares Corgi
Sets out to return +2x +2x
Underlying asset CRWV CRWV
Segment company company
Fund returned, 3 months or since launch −21.3% +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 −24.7 pts −4.8 pts
Fund returned, 1 year or since launch −85.6% −15.4%
Difference from stated, over that window −12.9 pts −24.0 pts
Underlying volatility 100% 70%
Difference over the days both have traded −5.6 pts −4.8 pts
Expense ratio 0.77% 0.45%
Launched Aug 11, 2025 Jul 7, 2026
Net assets $140m $2m

CRWG and CRWX on the same fields, as of Sep 30, 2026. Source: ETFIQ.

CRWG in plain words

Three months to Sep 30, 2026: CRWG returned −21.3% where its own daily promise gave −17.3%, 4.1 points short. Read the multiple against the whole window instead and 2 times CRWV's 1.7% implies +3.3%, which makes CRWG look 24.7 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. CRWG 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. CRWV moved at 70% annualized over that window.

Questions people ask

Which came closer to its stated multiple, CRWG or CRWX?
Over the window to Sep 30, 2026, CRWG finished 24.7 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 CRWG and CRWX levered on the same thing?
Yes. Both are levered on CoreWeave, CRWG at +2 times and CRWX at +2 times the daily move.
Which one decays faster, CRWG or CRWX?
Decay follows how much the underlying moves about. Over this window CRWG’s moved at 100% annualized and CRWX’s at 70%, so CRWG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold CRWG 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, CRWG or CRWX?
CRWG charges 0.77% a year and CRWX charges 0.45%, so CRWX is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, CRWG against CRWX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/crwg-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.