APPX vs. CRMG

Last updated Jun 24, 2026

APPX (Tradr 2X Long APP Daily ETF) and CRMG (Leverage Shares 2X Long CRM Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, APPX returned 0.90% vs -73.99% for CRMG. At a 0.24 correlation, their price movements are largely independent. APPX charges 1.30%/yr vs 0.75%/yr for CRMG.

Performance

APPX vs. CRMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long APP Daily ETF (APPX) 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 stocks are quite close, with APPX having a -68.41% return and CRMG slightly lower at -71.26%.

APPX

• 1D: -0.77%
• 1M: -10.55%
• YTD: -68.41%
• 6M: -73.04%
• 1Y: 0.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CRMG

• 1D: 4.23%
• 1M: -29.64%
• YTD: -71.26%
• 6M: -71.01%
• 1Y: -73.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

APPX vs. CRMG - Yearly Performance Comparison

	2026 (YTD)	2025
APPX Tradr 2X Long APP Daily ETF	-68.41%	344.96%
CRMG Leverage Shares 2X Long CRM Daily ETF	-71.26%	-12.75%

Correlation

The correlation between APPX and CRMG is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Apr 25, 2025	0.24

Return for Risk

APPX vs. CRMG — Risk / Return Rank

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

APPX

APPX Risk / Return Rank: 13
APPX Sharpe Ratio Rank: 9
APPX Sortino Ratio Rank: 20
APPX Omega Ratio Rank: 21
APPX Calmar Ratio Rank: 9
APPX Martin Ratio Rank: 9

CRMG

CRMG Risk / Return Rank: 1
CRMG Sharpe Ratio Rank: 1
CRMG Sortino Ratio Rank: 1
CRMG Omega Ratio Rank: 1
CRMG Calmar Ratio Rank: 1
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.

APPX vs. CRMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long APP Daily ETF (APPX) 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.

	APPX	CRMG	Difference
Sharpe ratio: Return per unit of total volatility	0.01	-0.97	+0.98
Sortino ratio: Return per unit of downside risk	1.04	-1.82	+2.86
Omega ratio: Gain probability vs. loss probability	1.14	0.79	+0.35
Calmar ratio: Return relative to maximum drawdown	0.01	-0.97	+0.98
Martin ratio: Return relative to average drawdown	0.02	-1.70	+1.72

APPX vs. CRMG - Sharpe Ratio Comparison

The current APPX Sharpe Ratio is 0.01, which is higher than the CRMG Sharpe Ratio of -0.97. The chart below compares the historical Sharpe Ratios of APPX 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

APPX vs. CRMG - Drawdown Comparison

The maximum APPX drawdown since its inception was -82.40%, roughly equal to the maximum CRMG drawdown of -79.83%. Use the drawdown chart below to compare losses from any high point for APPX and CRMG.

Drawdown Indicators

	APPX	CRMG	Difference
Max Drawdown Largest peak-to-trough decline	-82.40%	-79.83%	-2.57%
Max Drawdown (1Y) Largest decline over 1 year	-82.40%	-76.80%	-5.60%
Current Drawdown Current decline from peak	-75.43%	-78.97%	+3.54%
Average Drawdown Average peak-to-trough decline	-38.59%	-39.18%	+0.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	49.87%	43.41%	+6.46%

Volatility

APPX vs. CRMG - Volatility Comparison

Tradr 2X Long APP Daily ETF (APPX) has a higher volatility of 41.31% compared to Leverage Shares 2X Long CRM Daily ETF (CRMG) at 32.53%. This indicates that APPX's price experiences larger fluctuations and is considered to be riskier than CRMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APPX	CRMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	41.31%	32.53%	+8.78%
Volatility (6M) Calculated over the trailing 6-month period	122.50%	63.74%	+58.76%
Volatility (1Y) Calculated over the trailing 1-year period	141.33%	76.12%	+65.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	139.76%	75.39%	+64.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	139.76%	75.39%	+64.37%

APPX vs. CRMG - Expense Ratio Comparison

APPX has a 1.30% expense ratio, which is higher than CRMG's 0.75% expense ratio.

Dividends

APPX vs. CRMG - Dividend Comparison

APPX's dividend yield for the trailing twelve months is around 29.69%, while CRMG has not paid dividends to shareholders.

Position	TTM	2025
APPX Tradr 2X Long APP Daily ETF	29.69%	9.38%
CRMG Leverage Shares 2X Long CRM Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both APPX and CRMG in my portfolio?

APPX and CRMG have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, APPX or CRMG?

APPX has higher volatility (41.31%) compared to CRMG (32.53%). In terms of maximum drawdown, APPX dropped -82.40% vs CRMG's -79.83%.

Which ETF is better, APPX or CRMG?

On 1-year performance, APPX leads with 0.90% vs -73.99% for CRMG. On fees, CRMG is cheaper at 0.75% per year. On volatility, CRMG has been the lower-risk option at 32.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, APPX or CRMG?

Over the 1-year period, APPX has performed better with a 0.90% return vs -73.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, APPX or CRMG?

CRMG is cheaper with a 0.75% expense ratio, compared with 1.30% for APPX.

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

APPX has the higher dividend yield at 29.69%, compared with 0.00% for CRMG.

What is the main difference between APPX and CRMG?

They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.30% for APPX and 0.75% for CRMG.

Which has better risk-adjusted returns?

APPX currently has the higher Sharpe Ratio (0.01 vs -0.97), 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.