CARD vs. CRCD

Last updated Apr 1, 2026

Compare and contrast key facts about Max Auto Industry -3X Inverse Leveraged ETN (CARD) and T-REX 2X Inverse CRCL Daily Target ETF (CRCD).

CARD and CRCD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CARD is a passively managed fund by Max that tracks the performance of the Prime Auto Industry Index - Benchmark TR Net (--300%). It was launched on Jun 27, 2023. CRCD is an actively managed fund by T-Rex. It was launched on Sep 25, 2025.

Performance

CARD vs. CRCD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Max Auto Industry -3X Inverse Leveraged ETN (CARD) and T-REX 2X Inverse CRCL Daily Target ETF (CRCD). The values are adjusted to include any dividend payments, if applicable.

CARD vs. CRCD - Yearly Performance Comparison

	2026 (YTD)	2025
CARD Max Auto Industry -3X Inverse Leveraged ETN	27.01%	-3.31%
CRCD T-REX 2X Inverse CRCL Daily Target ETF	-80.36%	43.19%

Returns By Period

In the year-to-date period, CARD achieves a 27.01% return, which is significantly higher than CRCD's -80.36% return.

CARD

• 1D: -10.04%
• 1M: 20.30%
• YTD: 27.01%
• 6M: 23.34%
• 1Y: -54.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CRCD

• 1D: -13.13%
• 1M: -45.34%
• YTD: -80.36%
• 6M: -69.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CARD vs. CRCD - Expense Ratio Comparison

CARD has a 0.95% expense ratio, which is lower than CRCD's 1.50% expense ratio.

CRCD

T-REX 2X Inverse CRCL Daily Target ETF

CARD

Max Auto Industry -3X Inverse Leveraged ETN

Return for Risk

CARD vs. CRCD — Risk / Return Rank

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

CARD

CARD Risk / Return Rank: 3
CARD Sharpe Ratio Rank: 2
CARD Sortino Ratio Rank: 3
CARD Omega Ratio Rank: 3
CARD Calmar Ratio Rank: 2
CARD Martin Ratio Rank: 5

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.

CARD vs. CRCD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Max Auto Industry -3X Inverse Leveraged ETN (CARD) 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.

	CARD	CRCD	Difference
Sharpe ratio Return per unit of total volatility	-0.66	—	—
Sortino ratio Return per unit of downside risk	-0.70	—	—
Omega ratio Gain probability vs. loss probability	0.91	—	—
Calmar ratio Return relative to maximum drawdown	-0.72	—	—
Martin ratio Return relative to average drawdown	-0.85	—	—
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

	CARD	CRCD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.62	-0.45	-0.17

Correlation

The correlation between CARD and CRCD is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CARD vs. CRCD - Dividend Comparison

Neither CARD nor CRCD has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

CARD vs. CRCD - Drawdown Comparison

The maximum CARD drawdown since its inception was -93.51%, roughly equal to the maximum CRCD drawdown of -94.38%. Use the drawdown chart below to compare losses from any high point for CARD and CRCD.

Drawdown Indicators

	CARD	CRCD	Difference
Max Drawdown Largest peak-to-trough decline	-93.51%	-94.38%	+0.87%
Max Drawdown (1Y) Largest decline over 1 year	-77.41%	—	—
Current Drawdown Current decline from peak	-90.46%	-90.68%	+0.22%
Average Drawdown Average peak-to-trough decline	-66.62%	-40.91%	-25.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	65.55%	—	—

Volatility

Volatility by Period

	CARD	CRCD	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	52.70%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	82.47%	203.98%	-121.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.97%	203.98%	-123.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.97%	203.98%	-123.01%