CRCD vs. AFRU

Last updated Jun 4, 2026

CRCD (T-REX 2X Inverse CRCL Daily Target ETF) and AFRU (T-REX 2X Long AFRM Daily Target ETF) are both exchange-traded funds - CRCD is a Inverse Equities fund actively managed by T-Rex, while AFRU is a Leveraged Equities fund actively managed by T-Rex. Both are actively managed. At a correlation of -0.43, they often move in opposite directions. Both charge a 1.50% expense ratio.

Performance

CRCD vs. AFRU - Performance Comparison

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

Returns By Period

In the year-to-date period, CRCD achieves a -88.01% return, which is significantly lower than AFRU's -38.11% return.

CRCD

• 1D: 20.12%
• 1M: 35.97%
• YTD: -88.01%
• 6M: -87.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AFRU

• 1D: -13.32%
• 1M: -6.56%
• YTD: -38.11%
• 6M: -32.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRCD vs. AFRU - Yearly Performance Comparison

	2026 (YTD)	2025
CRCD T-REX 2X Inverse CRCL Daily Target ETF	-88.01%	43.19%
AFRU T-REX 2X Long AFRM Daily Target ETF	-38.11%	-16.96%

Correlation

The correlation between CRCD and AFRU is -0.43, 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	-0.43

Return for Risk

CRCD vs. AFRU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Inverse CRCL Daily Target ETF (CRCD) and T-REX 2X Long AFRM Daily Target ETF (AFRU). 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

	CRCD	AFRU	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.45	-0.63	+0.18

Drawdowns

CRCD vs. AFRU - Drawdown Comparison

The maximum CRCD drawdown since its inception was -96.95%, which is greater than AFRU's maximum drawdown of -84.44%. Use the drawdown chart below to compare losses from any high point for CRCD and AFRU.

Drawdown Indicators

	CRCD	AFRU	Difference
Max Drawdown Largest peak-to-trough decline	-96.95%	-84.44%	-12.51%
Current Drawdown Current decline from peak	-94.31%	-65.60%	-28.71%
Average Drawdown Average peak-to-trough decline	-54.51%	-56.01%	+1.50%

Volatility

Volatility by Period

	CRCD	AFRU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	204.54%	121.30%	+83.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	204.54%	121.30%	+83.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	204.54%	121.30%	+83.24%

CRCD vs. AFRU - Expense Ratio Comparison

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

Dividends

CRCD vs. AFRU - Dividend Comparison

Neither CRCD nor AFRU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CRCD and AFRU in my portfolio?

CRCD and AFRU have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CRCD or AFRU?

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, CRCD or AFRU?

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

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

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

What is the main difference between CRCD and AFRU?

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