# CRMU (Leverage Shares 2X Long CRML Daily ETF)

Leverage Shares · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: CRMU returned −63.3% where its own daily promise gave −60.8%, 2.5 points short.

## Key facts

- CRMU, what CRML did: −26.3%, as of Sep 30, 2026.
- CRMU, what 2 times a day gives: −60.8%, as of Sep 30, 2026.
- CRMU, what the fund returned: −63.3%, as of Sep 30, 2026.
- CRMU, the fund itself cost: −2.5 pts, as of Sep 30, 2026.
- CRMU, net assets: $4m (issuer page, as of Sep 30, 2026).
- CRMU, expense ratio: 0.75% (485BPOS XBRL, Jan 9, 2026).

## CRMU over each window to Sep 30, 2026

| Window | Fund | CRML | +2x the move | Difference | CRML moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −12.6% | +0.7% | +1.4% | −13.9 pts | 150% |
| 3 months | −63.3% | −26.3% | −52.6% | −10.7 pts | 130% |
| 6 months | −66.5% | −12.6% | −25.3% | −41.2 pts | 130% |
| Since launch | −83.9% | −34.0% | −68.0% | −15.9 pts | 125% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of CRML, reset daily | ETFIQ |
| Multiple a holder actually got over the window | +2.41 times, against +2 stated | ETFIQ |
| Underlying | CRML | ETFIQ |
| Segment | single stock, company | ETFIQ |
| Net assets | $4m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 0.75% | 485BPOS XBRL, Jan 9, 2026 |
| Launched | Feb 10, 2026 | ETFIQ |
| Underlying volatility over the window | 130% annualized | ETFIQ |

## Questions

### Did CRMU return +2 times CRML?

Over the window to Sep 30, 2026, CRML moved −26.3% and CRMU returned −63.3%. 2 times that move is −52.6%, so the fund came out 10.7 points short of it.

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

Because it resets daily. CRMU 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 CRML ETF tracked its stated multiple most closely?

2 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 figure itself.


## Cite this page

ETFIQ, CRMU, data as of Sep 30, 2026. https://etfiq.com/funds/crmu
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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