CORD vs. CARD
CORD (T-Rex 2X Inverse CRWV Daily Target ETF) and CARD (Max Auto Industry -3X Inverse Leveraged ETN) are both Inverse Equities funds. CORD is actively managed, while CARD is passively managed. At a 0.29 correlation, their price movements are largely independent. CORD charges 1.50%/yr vs 0.95%/yr for CARD.
Performance
CORD vs. CARD - Performance Comparison
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Returns By Period
In the year-to-date period, CORD achieves a -87.59% return, which is significantly lower than CARD's -2.60% return.
CORD
- 1D
- 14.09%
- 1M
- 3.13%
- YTD
- -87.59%
- 6M
- -88.97%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CARD
- 1D
- 1.10%
- 1M
- -13.67%
- YTD
- -2.60%
- 6M
- -2.07%
- 1Y
- -35.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CORD vs. CARD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CORD T-Rex 2X Inverse CRWV Daily Target ETF | -87.59% | 44.68% |
CARD Max Auto Industry -3X Inverse Leveraged ETN | -2.60% | -3.31% |
Correlation
The correlation between CORD and CARD is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 29, 2025 | 0.29 |
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Return for Risk
CORD vs. CARD — Risk / Return Rank
CORD
CARD
CORD vs. CARD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Inverse CRWV Daily Target ETF (CORD) and Max Auto Industry -3X Inverse Leveraged ETN (CARD). 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.
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Sharpe Ratios by Period
| CORD | CARD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.49 | -0.65 | +0.16 |
Drawdowns
CORD vs. CARD - Drawdown Comparison
The maximum CORD drawdown since its inception was -93.69%, roughly equal to the maximum CARD drawdown of -93.51%. Use the drawdown chart below to compare losses from any high point for CORD and CARD.
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Drawdown Indicators
| CORD | CARD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.69% | -93.51% | -0.18% |
Max Drawdown (1Y)Largest decline over 1 year | — | -49.57% | — |
Current DrawdownCurrent decline from peak | -91.90% | -92.68% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -56.33% | -68.13% | +11.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 33.93% | — |
Volatility
CORD vs. CARD - Volatility Comparison
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Volatility by Period
| CORD | CARD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 22.80% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 50.05% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 187.84% | 68.70% | +119.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 187.84% | 80.53% | +107.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 187.84% | 80.53% | +107.31% |
CORD vs. CARD - Expense Ratio Comparison
CORD has a 1.50% expense ratio, which is higher than CARD's 0.95% expense ratio.
Dividends
CORD vs. CARD - Dividend Comparison
Neither CORD nor CARD has paid dividends to shareholders.
Frequently Asked Questions
CORD and CARD have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CARD is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CARD is cheaper with a 0.95% expense ratio, compared with 1.50% for CORD.
CORD and CARD have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Tuttle Capital Management and Max. Their fees differ too: 1.50% for CORD and 0.95% for CARD.
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