CRCD vs. EMTY

Last updated Apr 1, 2026

Compare and contrast key facts about T-REX 2X Inverse CRCL Daily Target ETF (CRCD) and ProShares Decline of the Retail Store ETF (EMTY).

CRCD and EMTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CRCD is an actively managed fund by T-Rex. It was launched on Sep 25, 2025. EMTY is a passively managed fund by ProShares that tracks the performance of the Solactive-ProShares Bricks and Mortar Retail Store Index (-100%). It was launched on Nov 14, 2017.

Performance

CRCD vs. EMTY - 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 ProShares Decline of the Retail Store ETF (EMTY). The values are adjusted to include any dividend payments, if applicable.

CRCD vs. EMTY - Yearly Performance Comparison

	2026 (YTD)	2025
CRCD T-REX 2X Inverse CRCL Daily Target ETF	-80.36%	43.19%
EMTY ProShares Decline of the Retail Store ETF	-2.09%	6.32%

Returns By Period

In the year-to-date period, CRCD achieves a -80.36% return, which is significantly lower than EMTY's -2.09% return.

CRCD

• 1D: -13.13%
• 1M: -45.34%
• YTD: -80.36%
• 6M: -69.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EMTY

• 1D: -1.62%
• 1M: 6.84%
• YTD: -2.09%
• 6M: 4.35%
• 1Y: -10.96%
• 3Y*: -1.89%
• 5Y*: -4.60%
• 10Y*: —

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

CRCD vs. EMTY - Expense Ratio Comparison

CRCD has a 1.50% expense ratio, which is higher than EMTY's 0.66% expense ratio.

CRCD

T-REX 2X Inverse CRCL Daily Target ETF

EMTY

ProShares Decline of the Retail Store ETF

Return for Risk

CRCD vs. EMTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMTY

EMTY Risk / Return Rank: 4
EMTY Sharpe Ratio Rank: 3
EMTY Sortino Ratio Rank: 3
EMTY Omega Ratio Rank: 3
EMTY Calmar Ratio Rank: 5
EMTY Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CRCD vs. EMTY - 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 ProShares Decline of the Retail Store ETF (EMTY). 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	EMTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.54	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.21	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.45	-0.45	0.00

Correlation

The correlation between CRCD and EMTY is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CRCD vs. EMTY - Dividend Comparison

CRCD has not paid dividends to shareholders, while EMTY's dividend yield for the trailing twelve months is around 3.56%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CRCD T-REX 2X Inverse CRCL Daily Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EMTY ProShares Decline of the Retail Store ETF	3.56%	3.83%	6.00%	4.41%	0.65%	0.00%	0.07%	0.82%	0.62%	0.03%

Drawdowns

CRCD vs. EMTY - Drawdown Comparison

The maximum CRCD drawdown since its inception was -94.38%, which is greater than EMTY's maximum drawdown of -77.62%. Use the drawdown chart below to compare losses from any high point for CRCD and EMTY.

Drawdown Indicators

	CRCD	EMTY	Difference
Max Drawdown Largest peak-to-trough decline	-94.38%	-77.62%	-16.76%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.83%	—
Current Drawdown Current decline from peak	-90.68%	-75.56%	-15.12%
Average Drawdown Average peak-to-trough decline	-40.91%	-53.57%	+12.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	19.03%	—

Volatility

Volatility by Period

	CRCD	EMTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.16%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	203.98%	20.26%	+183.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	203.98%	22.40%	+181.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	203.98%	25.76%	+178.22%