ADBG vs. CRMG

Last updated Jun 26, 2026

ADBG (Leverage Shares 2X Long ADBE Daily ETF) and CRMG (Leverage Shares 2X Long CRM Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. Over the past year, ADBG returned -80.81% vs -75.69% for CRMG. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

ADBG vs. CRMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long ADBE Daily ETF (ADBG) and Leverage Shares 2X Long CRM Daily ETF (CRMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with ADBG having a -73.87% return and CRMG slightly higher at -72.43%.

ADBG

• 1D: -3.61%
• 1M: -37.91%
• YTD: -73.87%
• 6M: -74.40%
• 1Y: -80.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CRMG

• 1D: -3.08%
• 1M: -32.01%
• YTD: -72.43%
• 6M: -72.59%
• 1Y: -75.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADBG vs. CRMG - Yearly Performance Comparison

	2026 (YTD)	2025
ADBG Leverage Shares 2X Long ADBE Daily ETF	-73.87%	-22.58%
CRMG Leverage Shares 2X Long CRM Daily ETF	-72.43%	-0.29%

Correlation

The correlation between ADBG and CRMG is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025	0.69

The correlation between ADBG and CRMG has been stable across timeframes, ranging from 0.69 to 0.70 - a consistent structural relationship.

Return for Risk

ADBG vs. CRMG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADBG

ADBG Risk / Return Rank: 0
ADBG Sharpe Ratio Rank: 1
ADBG Sortino Ratio Rank: 0
ADBG Omega Ratio Rank: 0
ADBG Calmar Ratio Rank: 0
ADBG Martin Ratio Rank: 0

CRMG

CRMG Risk / Return Rank: 1
CRMG Sharpe Ratio Rank: 2
CRMG Sortino Ratio Rank: 1
CRMG Omega Ratio Rank: 1
CRMG Calmar Ratio Rank: 0
CRMG Martin Ratio Rank: 0

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADBG vs. CRMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long ADBE Daily ETF (ADBG) and Leverage Shares 2X Long CRM Daily ETF (CRMG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ADBG	CRMG	Difference
Sharpe ratio: Return per unit of total volatility	-1.17	-1.00	-0.17
Sortino ratio: Return per unit of downside risk	-2.55	-1.94	-0.61
Omega ratio: Gain probability vs. loss probability	0.70	0.78	-0.07
Calmar ratio: Return relative to maximum drawdown	-1.00	-0.99	-0.01
Martin ratio: Return relative to average drawdown	-1.70	-1.72	+0.03

ADBG vs. CRMG - Sharpe Ratio Comparison

The current ADBG Sharpe Ratio is -1.17, which is comparable to the CRMG Sharpe Ratio of -1.00. The chart below compares the historical Sharpe Ratios of ADBG and CRMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ADBG vs. CRMG - Drawdown Comparison

The maximum ADBG drawdown since its inception was -84.14%, which is greater than CRMG's maximum drawdown of -79.83%. Use the drawdown chart below to compare losses from any high point for ADBG and CRMG.

Drawdown Indicators

	ADBG	CRMG	Difference
Max Drawdown Largest peak-to-trough decline	-84.14%	-79.83%	-4.31%
Max Drawdown (1Y) Largest decline over 1 year	-81.24%	-76.80%	-4.44%
Current Drawdown Current decline from peak	-84.14%	-79.83%	-4.31%
Average Drawdown Average peak-to-trough decline	-43.31%	-39.44%	-3.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	47.64%	43.94%	+3.70%

Volatility

ADBG vs. CRMG - Volatility Comparison

Leverage Shares 2X Long ADBE Daily ETF (ADBG) and Leverage Shares 2X Long CRM Daily ETF (CRMG) have volatilities of 32.23% and 32.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADBG	CRMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.23%	32.06%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	59.29%	63.55%	-4.26%
Volatility (1Y) Calculated over the trailing 1-year period	69.25%	75.86%	-6.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.58%	75.19%	-6.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.58%	75.19%	-6.61%

ADBG vs. CRMG - Expense Ratio Comparison

Both ADBG and CRMG have an expense ratio of 0.75%.

Dividends

ADBG vs. CRMG - Dividend Comparison

Neither ADBG nor CRMG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ADBG and CRMG in my portfolio?

ADBG and CRMG have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADBG or CRMG?

ADBG has higher volatility (32.23%) compared to CRMG (32.06%). In terms of maximum drawdown, ADBG dropped -84.14% vs CRMG's -79.83%.

Which ETF is better, ADBG or CRMG?

On 1-year performance, CRMG leads with -75.69% vs -80.81% for ADBG. Both ETFs have the same 0.75% expense ratio. On volatility, CRMG has been the lower-risk option at 32.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ADBG or CRMG?

Over the 1-year period, CRMG has performed better with a -75.69% return vs -80.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ADBG or CRMG?

ADBG and CRMG have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, ADBG or CRMG?

ADBG and CRMG have nearly identical dividend yields, around 0.00%.

Which has better risk-adjusted returns?

CRMG currently has the higher Sharpe Ratio (-1.00 vs -1.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.