CRCA vs. BEX

Last updated Aug 1, 2026

CRCA (ProShares Ultra CRCL) and BEX (Tradr 2X Long BE Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their 0.25 correlation means their historical movements had little consistent relationship. CRCA charges 0.95%/yr vs 1.30%/yr for BEX.

Performance

CRCA vs. BEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra CRCL (CRCA) and Tradr 2X Long BE Daily ETF (BEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CRCA

• 1D: -5.20%
• 1M: -12.09%
• 6M: -51.11%
• YTD: -70.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

BEX

• 1D: -0.74%
• 1M: -51.56%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BEX Tradr 2X Long BE Daily ETF	$83.57M	$80.37M	$68.34M
CRCA ProShares Ultra CRCL	$13.28M	$18.49M	$44.45M

CRCA vs. BEX - Yearly Performance Comparison

	2026 (YTD)
CRCA ProShares Ultra CRCL	-75.48%
BEX Tradr 2X Long BE Daily ETF	-69.85%

Correlation

The correlation between CRCA and BEX is 0.25, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	0.25

Return for Risk

CRCA vs. BEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra CRCL (CRCA) and Tradr 2X Long BE Daily ETF (BEX). 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

CRCA vs. BEX - Drawdown Comparison

The maximum CRCA drawdown since its inception was -95.61%, which is greater than BEX's maximum drawdown of -82.16%. Use the drawdown chart below to compare losses from any high point for CRCA and BEX.

Drawdown Indicators

	CRCA	BEX	Difference
Max Drawdown Largest peak-to-trough decline	-95.61%	-82.16%	-13.45%
Current Drawdown Current decline from peak	-95.44%	-72.82%	-22.62%
Average Drawdown Average peak-to-trough decline	-74.24%	-41.43%	-32.81%

Volatility

Volatility by Period

	CRCA	BEX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	193.78%	264.69%	-70.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	193.78%	264.69%	-70.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	193.78%	264.69%	-70.91%

CRCA vs. BEX - Expense Ratio Comparison

CRCA has a 0.95% expense ratio, which is lower than BEX's 1.30% expense ratio.

Dividends

CRCA vs. BEX - Dividend Comparison

CRCA's dividend yield for the trailing twelve months is around 7.40%, while BEX has not paid dividends to shareholders.

Position	TTM	2025
BEX Tradr 2X Long BE Daily ETF	0.00%	0.00%
CRCA ProShares Ultra CRCL	7.40%	1.06%

Frequently Asked Questions

Can I hold both CRCA and BEX in my portfolio?

CRCA and BEX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CRCA or BEX?

On fees, CRCA is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CRCA or BEX?

CRCA is cheaper with a 0.95% expense ratio, compared with 1.30% for BEX.

Which ETF pays a higher dividend yield, CRCA or BEX?

CRCA has the higher dividend yield at 7.40%, compared with 0.00% for BEX.

What is the main difference between CRCA and BEX?

They also come from different issuers: ProShares and Tradr. Their fees differ too: 0.95% for CRCA and 1.30% for BEX.