CONX vs. CBRG

Last updated Jul 12, 2026

CONX (Direxion Daily COIN Bull 2X ETF) and CBRG (Leverage Shares 2X Long CBRS Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.05 correlation, their price movements are largely independent. CONX charges 0.97%/yr vs 0.75%/yr for CBRG.

Performance

CONX vs. CBRG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily COIN Bull 2X ETF (CONX) and Leverage Shares 2X Long CBRS Daily ETF (CBRG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CONX

• 1D: 0.83%
• 1M: -4.53%
• 6M: -69.40%
• YTD: -65.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CBRG

• 1D: 16.78%
• 1M: -14.12%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CONX vs. CBRG - Yearly Performance Comparison

	2026 (YTD)
CONX Direxion Daily COIN Bull 2X ETF	-11.49%
CBRG Leverage Shares 2X Long CBRS Daily ETF	-53.84%

Correlation

The correlation between CONX and CBRG 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 6, 2026	0.05

Return for Risk

CONX vs. CBRG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily COIN Bull 2X ETF (CONX) and Leverage Shares 2X Long CBRS Daily ETF (CBRG). 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

CONX vs. CBRG - Drawdown Comparison

The maximum CONX drawdown since its inception was -81.70%, which is greater than CBRG's maximum drawdown of -74.80%. Use the drawdown chart below to compare losses from any high point for CONX and CBRG.

Drawdown Indicators

	CONX	CBRG	Difference
Max Drawdown Largest peak-to-trough decline	-81.70%	-74.80%	-6.90%
Current Drawdown Current decline from peak	-77.64%	-62.13%	-15.51%
Average Drawdown Average peak-to-trough decline	-53.00%	-17.88%	-35.12%

Volatility

Volatility by Period

	CONX	CBRG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	142.91%	156.15%	-13.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	142.91%	156.15%	-13.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	142.91%	156.15%	-13.24%

CONX vs. CBRG - Expense Ratio Comparison

CONX has a 0.97% expense ratio, which is higher than CBRG's 0.75% expense ratio.

Dividends

CONX vs. CBRG - Dividend Comparison

CONX's dividend yield for the trailing twelve months is around 2.91%, while CBRG has not paid dividends to shareholders.

Position	TTM	2025
CBRG Leverage Shares 2X Long CBRS Daily ETF	0.00%	0.00%
CONX Direxion Daily COIN Bull 2X ETF	2.91%	0.42%

Frequently Asked Questions

Can I hold both CONX and CBRG in my portfolio?

CONX and CBRG 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, CONX or CBRG?

On fees, CBRG 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, CONX or CBRG?

CBRG is cheaper with a 0.75% expense ratio, compared with 0.97% for CONX.

Which ETF pays a higher dividend yield, CONX or CBRG?

CONX has the higher dividend yield at 2.91%, compared with 0.00% for CBRG.

What is the main difference between CONX and CBRG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.97% for CONX and 0.75% for CBRG.