AFRU vs. CMGG

Last updated Jun 24, 2026

AFRU (T-REX 2X Long AFRM Daily Target ETF) and CMGG (Leverage Shares 2X Long CMG Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.30 correlation, their price movements are largely independent. AFRU charges 1.50%/yr vs 0.75%/yr for CMGG.

Performance

AFRU vs. CMGG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long AFRM Daily Target ETF (AFRU) and Leverage Shares 2X Long CMG Daily ETF (CMGG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AFRU achieves a -29.47% return, which is significantly higher than CMGG's -37.52% return.

AFRU

• 1D: 0.02%
• 1M: 15.96%
• YTD: -29.47%
• 6M: -32.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CMGG

• 1D: 2.82%
• 1M: -12.95%
• YTD: -37.52%
• 6M: -40.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AFRU vs. CMGG - Yearly Performance Comparison

	2026 (YTD)	2025
AFRU T-REX 2X Long AFRM Daily Target ETF	-29.47%	4.84%
CMGG Leverage Shares 2X Long CMG Daily ETF	-37.52%	36.20%

Correlation

The correlation between AFRU and CMGG is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.30

Return for Risk

AFRU vs. CMGG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long AFRM Daily Target ETF (AFRU) and Leverage Shares 2X Long CMG Daily ETF (CMGG). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

AFRU vs. CMGG - Drawdown Comparison

The maximum AFRU drawdown since its inception was -84.44%, which is greater than CMGG's maximum drawdown of -56.75%. Use the drawdown chart below to compare losses from any high point for AFRU and CMGG.

Drawdown Indicators

	AFRU	CMGG	Difference
Max Drawdown Largest peak-to-trough decline	-84.44%	-56.75%	-27.69%
Current Drawdown Current decline from peak	-60.79%	-48.19%	-12.60%
Average Drawdown Average peak-to-trough decline	-56.23%	-23.37%	-32.86%

Volatility

Volatility by Period

	AFRU	CMGG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	123.31%	68.93%	+54.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	123.31%	68.93%	+54.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	123.31%	68.93%	+54.38%

AFRU vs. CMGG - Expense Ratio Comparison

AFRU has a 1.50% expense ratio, which is higher than CMGG's 0.75% expense ratio.

Dividends

AFRU vs. CMGG - Dividend Comparison

Neither AFRU nor CMGG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AFRU and CMGG in my portfolio?

AFRU and CMGG have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AFRU or CMGG?

On fees, CMGG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AFRU or CMGG?

CMGG is cheaper with a 0.75% expense ratio, compared with 1.50% for AFRU.

Which ETF pays a higher dividend yield, AFRU or CMGG?

AFRU and CMGG have nearly identical dividend yields, around 0.00%.

What is the main difference between AFRU and CMGG?

They also come from different issuers: T-Rex and Leverage Shares. Their fees differ too: 1.50% for AFRU and 0.75% for CMGG.