AFRU vs. CRCD

Last updated Jun 4, 2026

AFRU (T-REX 2X Long AFRM Daily Target ETF) and CRCD (T-REX 2X Inverse CRCL Daily Target ETF) are both exchange-traded funds - AFRU is a Leveraged Equities fund actively managed by T-Rex, while CRCD is a Inverse Equities fund actively managed by T-Rex. Both are actively managed. At a correlation of -0.43, they often move in opposite directions. Both charge a 1.50% expense ratio.

Performance

AFRU vs. CRCD - 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 T-REX 2X Inverse CRCL Daily Target ETF (CRCD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AFRU achieves a -38.11% return, which is significantly higher than CRCD's -88.01% return.

AFRU

• 1D: -13.32%
• 1M: -6.56%
• YTD: -38.11%
• 6M: -32.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CRCD

• 1D: 20.12%
• 1M: 35.97%
• YTD: -88.01%
• 6M: -87.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AFRU vs. CRCD - Yearly Performance Comparison

	2026 (YTD)	2025
AFRU T-REX 2X Long AFRM Daily Target ETF	-38.11%	-16.96%
CRCD T-REX 2X Inverse CRCL Daily Target ETF	-88.01%	43.19%

Correlation

The correlation between AFRU and CRCD is -0.43, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 29, 2025	-0.43

Return for Risk

AFRU vs. CRCD - 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 T-REX 2X Inverse CRCL Daily Target ETF (CRCD). 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.

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

Sharpe Ratios by Period

	AFRU	CRCD	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.63	-0.45	-0.18

Drawdowns

AFRU vs. CRCD - Drawdown Comparison

The maximum AFRU drawdown since its inception was -84.44%, smaller than the maximum CRCD drawdown of -96.95%. Use the drawdown chart below to compare losses from any high point for AFRU and CRCD.

Drawdown Indicators

	AFRU	CRCD	Difference
Max Drawdown Largest peak-to-trough decline	-84.44%	-96.95%	+12.51%
Current Drawdown Current decline from peak	-65.60%	-94.31%	+28.71%
Average Drawdown Average peak-to-trough decline	-56.01%	-54.51%	-1.50%

Volatility

Volatility by Period

	AFRU	CRCD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	121.30%	204.54%	-83.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	121.30%	204.54%	-83.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	121.30%	204.54%	-83.24%

AFRU vs. CRCD - Expense Ratio Comparison

Both AFRU and CRCD have an expense ratio of 1.50%.

Dividends

AFRU vs. CRCD - Dividend Comparison

Neither AFRU nor CRCD has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AFRU and CRCD in my portfolio?

AFRU and CRCD have a correlation of -0.43, 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 CRCD?

Both ETFs have the same 1.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AFRU or CRCD?

AFRU and CRCD have the same expense ratio: 1.50% per year.

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

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

What is the main difference between AFRU and CRCD?

AFRU is categorized as Leveraged Equities, while CRCD is Inverse Equities.