CCUP vs. CRCD

Last updated Jun 4, 2026

CCUP (T-REX 2X Long CRCL Daily Target ETF) and CRCD (T-REX 2X Inverse CRCL Daily Target ETF) are both exchange-traded funds - CCUP 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 -1.00, they often move in opposite directions. Both charge a 1.50% expense ratio.

Performance

CCUP vs. CRCD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long CRCL Daily Target ETF (CCUP) 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, CCUP achieves a -20.97% return, which is significantly higher than CRCD's -88.01% return.

CCUP

• 1D: -20.05%
• 1M: -47.47%
• YTD: -20.97%
• 6M: -36.36%
• 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)

CCUP vs. CRCD - Yearly Performance Comparison

	2026 (YTD)	2025
CCUP T-REX 2X Long CRCL Daily Target ETF	-20.97%	-69.57%
CRCD T-REX 2X Inverse CRCL Daily Target ETF	-88.01%	43.19%

Correlation

The correlation between CCUP and CRCD is -1.00, 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	-1.00

Return for Risk

CCUP vs. CRCD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long CRCL Daily Target ETF (CCUP) 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

	CCUP	CRCD	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.47	-0.45	-0.01

Drawdowns

CCUP vs. CRCD - Drawdown Comparison

The maximum CCUP drawdown since its inception was -93.74%, roughly equal to the maximum CRCD drawdown of -96.95%. Use the drawdown chart below to compare losses from any high point for CCUP and CRCD.

Drawdown Indicators

	CCUP	CRCD	Difference
Max Drawdown Largest peak-to-trough decline	-93.74%	-96.95%	+3.21%
Current Drawdown Current decline from peak	-86.98%	-94.31%	+7.33%
Average Drawdown Average peak-to-trough decline	-69.18%	-54.51%	-14.67%

Volatility

Volatility by Period

	CCUP	CRCD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	197.62%	204.54%	-6.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	197.62%	204.54%	-6.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	197.62%	204.54%	-6.92%

CCUP vs. CRCD - Expense Ratio Comparison

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

Dividends

CCUP vs. CRCD - Dividend Comparison

Neither CCUP nor CRCD has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CCUP and CRCD in my portfolio?

CCUP and CRCD have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CCUP 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, CCUP or CRCD?

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

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

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

What is the main difference between CCUP and CRCD?

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