AXUP vs. CRMU

Last updated Jun 24, 2026

AXUP (T-Rex 2X Long Axon Daily Target ETF) and CRMU (Leverage Shares 2X Long CRML Daily ETF) are both Leveraged Equities funds. AXUP is actively managed, while CRMU is passively managed. At a correlation of -0.05, they often move in opposite directions. AXUP charges 1.50%/yr vs 0.75%/yr for CRMU.

Performance

AXUP vs. CRMU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long Axon Daily Target ETF (AXUP) and Leverage Shares 2X Long CRML Daily ETF (CRMU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AXUP

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CRMU

• 1D: -13.83%
• 1M: -28.54%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AXUP vs. CRMU - Yearly Performance Comparison

	2026 (YTD)
AXUP T-Rex 2X Long Axon Daily Target ETF	18.73%
CRMU Leverage Shares 2X Long CRML Daily ETF	-64.46%

Correlation

The correlation between AXUP and CRMU is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 10, 2026	-0.05

Return for Risk

AXUP vs. CRMU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Axon Daily Target ETF (AXUP) and Leverage Shares 2X Long CRML Daily ETF (CRMU). 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

Drawdown Indicators

	AXUP	CRMU	Difference
Max Drawdown Largest peak-to-trough decline	—	-73.81%	—
Current Drawdown Current decline from peak	—	-64.46%	—
Average Drawdown Average peak-to-trough decline	—	-46.63%	—

Volatility

Volatility by Period

	AXUP	CRMU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	246.03%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	246.03%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	246.03%	—

AXUP vs. CRMU - Expense Ratio Comparison

AXUP has a 1.50% expense ratio, which is higher than CRMU's 0.75% expense ratio.

Dividends

AXUP vs. CRMU - Dividend Comparison

Neither AXUP nor CRMU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AXUP and CRMU in my portfolio?

AXUP and CRMU have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AXUP or CRMU?

On fees, CRMU 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, AXUP or CRMU?

CRMU is cheaper with a 0.75% expense ratio, compared with 1.50% for AXUP.

Which ETF pays a higher dividend yield, AXUP or CRMU?

AXUP and CRMU have nearly identical dividend yields, around 0.00%.

What is the main difference between AXUP and CRMU?

They also come from different issuers: Tuttle Capital Management and Leverage Shares. Their fees differ too: 1.50% for AXUP and 0.75% for CRMU.