BRKD vs. CRCD

Last updated Jun 4, 2026

BRKD (Direxion Daily BRKB Bear 1X Shares) and CRCD (T-REX 2X Inverse CRCL Daily Target ETF) are both Inverse Equities funds. BRKD is passively managed, while CRCD is actively managed. At a correlation of -0.08, they often move in opposite directions. BRKD charges 1.00%/yr vs 1.50%/yr for CRCD.

Performance

BRKD vs. CRCD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily BRKB Bear 1X Shares (BRKD) 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, BRKD achieves a 5.90% return, which is significantly higher than CRCD's -88.01% return.

BRKD

• 1D: 0.00%
• 1M: 0.00%
• YTD: 5.90%
• 6M: 6.63%
• 1Y: 7.98%
• 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)

BRKD vs. CRCD - Yearly Performance Comparison

	2026 (YTD)	2025
BRKD Direxion Daily BRKB Bear 1X Shares	5.90%	0.68%
CRCD T-REX 2X Inverse CRCL Daily Target ETF	-88.01%	43.19%

Correlation

The correlation between BRKD and CRCD is -0.08, 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 Sep 29, 2025	-0.08

Return for Risk

BRKD vs. CRCD — Risk / Return Rank

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

BRKD

BRKD Risk / Return Rank: 20
BRKD Sharpe Ratio Rank: 20
BRKD Sortino Ratio Rank: 20
BRKD Omega Ratio Rank: 20
BRKD Calmar Ratio Rank: 21
BRKD Martin Ratio Rank: 17

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.

BRKD vs. CRCD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily BRKB Bear 1X Shares (BRKD) 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.

	BRKD	CRCD	Difference
Sharpe ratio: Return per unit of total volatility	0.60	—	—
Sortino ratio: Return per unit of downside risk	1.00	—	—
Omega ratio: Gain probability vs. loss probability	1.12	—	—
Calmar ratio: Return relative to maximum drawdown	0.86	—	—
Martin ratio: Return relative to average drawdown	1.67	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BRKD	CRCD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.60	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	-0.45	+0.49

Drawdowns

BRKD vs. CRCD - Drawdown Comparison

The maximum BRKD drawdown since its inception was -17.92%, smaller than the maximum CRCD drawdown of -96.95%. Use the drawdown chart below to compare losses from any high point for BRKD and CRCD.

Drawdown Indicators

	BRKD	CRCD	Difference
Max Drawdown Largest peak-to-trough decline	-17.92%	-96.95%	+79.03%
Max Drawdown (1Y) Largest decline over 1 year	-9.34%	—	—
Current Drawdown Current decline from peak	-3.69%	-94.31%	+90.62%
Average Drawdown Average peak-to-trough decline	-7.74%	-54.51%	+46.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.78%	—	—

Volatility

Volatility by Period

	BRKD	CRCD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.36%	204.54%	-191.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.26%	204.54%	-187.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.26%	204.54%	-187.28%

BRKD vs. CRCD - Expense Ratio Comparison

BRKD has a 1.00% expense ratio, which is lower than CRCD's 1.50% expense ratio.

Dividends

BRKD vs. CRCD - Dividend Comparison

BRKD's dividend yield for the trailing twelve months is around 2.82%, while CRCD has not paid dividends to shareholders.

Position	TTM	2025
BRKD Direxion Daily BRKB Bear 1X Shares	2.82%	3.50%
CRCD T-REX 2X Inverse CRCL Daily Target ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both BRKD and CRCD in my portfolio?

BRKD and CRCD have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BRKD or CRCD?

On fees, BRKD is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BRKD or CRCD?

BRKD is cheaper with a 1.00% expense ratio, compared with 1.50% for CRCD.

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

BRKD has the higher dividend yield at 2.82%, compared with 0.00% for CRCD.

What is the main difference between BRKD and CRCD?

They also come from different issuers: Direxion and T-Rex. Their fees differ too: 1.00% for BRKD and 1.50% for CRCD.