CRCD vs. ICVT
CRCD (T-REX 2X Inverse CRCL Daily Target ETF) and ICVT (iShares Convertible Bond ETF) are both exchange-traded funds - CRCD is a Inverse Equities fund actively managed by T-Rex, while ICVT is a Preferred Stock/Convertible Bonds fund tracking the Bloomberg U.S. Convertible Cash Pay Bond > $250MM Index. CRCD is actively managed, while ICVT is passively managed. At a correlation of -0.51, they often move in opposite directions. CRCD charges 1.50%/yr vs 0.20%/yr for ICVT.
Performance
CRCD vs. ICVT - Performance Comparison
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Returns By Period
In the year-to-date period, CRCD achieves a -79.80% return, which is significantly lower than ICVT's 16.16% return.
CRCD
- 1D
- 14.90%
- 1M
- 41.63%
- 6M
- -80.01%
- YTD
- -79.80%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ICVT
- 1D
- -2.03%
- 1M
- -7.33%
- 6M
- 10.96%
- YTD
- 16.16%
- 1Y
- 25.54%
- 3Y*
- 15.75%
- 5Y*
- 6.28%
- 10Y*
- 12.90%
CRCD vs. ICVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRCD T-REX 2X Inverse CRCL Daily Target ETF | -79.80% | 38.83% |
ICVT iShares Convertible Bond ETF | 16.16% | 0.24% |
Correlation
The correlation between CRCD and ICVT is -0.51, 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 26, 2025 | -0.51 |
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Return for Risk
CRCD vs. ICVT — Risk / Return Rank
CRCD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ICVT
CRCD vs. ICVT - 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 iShares Convertible Bond ETF (ICVT). 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.
| CRCD | ICVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.03 | — |
| Martin ratioReturn relative to average drawdown | — | 9.99 | — |
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Drawdowns
CRCD vs. ICVT - Drawdown Comparison
The maximum CRCD drawdown since its inception was -96.95%, which is greater than ICVT's maximum drawdown of -33.25%. Use the drawdown chart below to compare losses from any high point for CRCD and ICVT.
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Drawdown Indicators
| CRCD | ICVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.95% | -33.25% | -63.70% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.46% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.22% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.25% | — |
Current DrawdownCurrent decline from peak | -90.42% | -8.46% | -81.96% |
Average DrawdownAverage peak-to-trough decline | -60.01% | -9.43% | -50.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.56% | — |
Volatility
CRCD vs. ICVT - Volatility Comparison
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Volatility by Period
| CRCD | ICVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.41% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.81% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 200.70% | 16.44% | +184.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 200.70% | 13.66% | +187.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 200.70% | 15.67% | +185.03% |
CRCD vs. ICVT - Expense Ratio Comparison
CRCD has a 1.50% expense ratio, which is higher than ICVT's 0.20% expense ratio.
Dividends
CRCD vs. ICVT - Dividend Comparison
CRCD has not paid dividends to shareholders, while ICVT's dividend yield for the trailing twelve months is around 1.38%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
ICVT iShares Convertible Bond ETF | 1.38% | 1.73% | 2.19% | 1.85% | 1.93% | 7.70% | 3.98% | 1.86% | 4.82% | 2.56% | 3.06% | 1.57% |
Frequently Asked Questions
CRCD and ICVT have a correlation of -0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICVT is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICVT is cheaper with a 0.20% expense ratio, compared with 1.50% for CRCD.
ICVT has the higher dividend yield at 1.38%, compared with 0.00% for CRCD.
CRCD is categorized as Inverse Equities, while ICVT is Preferred Stock/Convertible Bonds. They also come from different issuers: T-Rex and iShares. Their fees differ too: 1.50% for CRCD and 0.20% for ICVT.
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