# CRCA (ProShares Ultra CRCL)

ProShares · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: CRCA returned +4.9% where its own daily promise gave +10.8%, 5.9 points short.

## Key facts

- CRCA, what CRCL did: +16.4%, as of Sep 11, 2026.
- CRCA, what +2 times a day gives: +10.8%, as of Sep 11, 2026.
- CRCA, what the fund returned: +4.9%, as of Sep 11, 2026.
- CRCA, the fund itself cost: −5.9 pts, as of Sep 11, 2026.
- CRCA, net assets: $119m (issuer page, as of Sep 11, 2026).
- CRCA, expense ratio: not read by ETFIQ, as of Sep 11, 2026.

## CRCA over each window to Sep 11, 2026

| Window | Fund | CRCL | +2x the move | Difference | CRCL moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | +47.8% | +27.1% | +54.2% | −6.4 pts | 97% |
| 3 months | +4.9% | +16.4% | +32.8% | −27.8 pts | 89% |
| 6 months | −66.2% | −21.5% | −43.0% | −23.2 pts | 97% |
| 1 year | −85.2% | −32.2% | −64.5% | −20.7 pts | 97% |
| Since launch | −89.8% | −40.8% | −81.5% | −8.3 pts | 96% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of CRCL, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +0.3 times, against +2 stated | ETFIQ |
| Underlying | CRCL | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $119m | issuer page, as of Sep 11, 2026 |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Launched | Aug 7, 2025 | ETFIQ |
| Underlying volatility over the window | 89% annualized | ETFIQ |

## Questions

### Did CRCA return +2 times CRCL?

Over the window to Sep 11, 2026, CRCL moved +16.4% and CRCA returned +4.9%. 2 times that move is +32.8%, so the fund came out 27.8 points short of it.

### Why does CRCA not return +2 times over a year?

Because it resets daily. CRCA aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.

### Which +2x CRCL ETF tracked its stated multiple most closely?

4 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the arithmetic.


## Cite this page

ETFIQ, CRCA, data as of Sep 11, 2026. https://etfiq.com/funds/CRCA
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/CRCA  ·  JSON: https://etfiq.com/funds/CRCA.json