CRCD vs. IWO
CRCD (T-REX 2X Inverse CRCL Daily Target ETF) and IWO (iShares Russell 2000 Growth ETF) are both exchange-traded funds - CRCD is a Inverse Equities fund actively managed by T-Rex, while IWO is a Small Cap Growth Equities fund tracking the Russell 2000 Growth Index. CRCD is actively managed, while IWO is passively managed. At a correlation of -0.55, they often move in opposite directions. CRCD charges 1.50%/yr vs 0.24%/yr for IWO.
Performance
CRCD vs. IWO - Performance Comparison
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Returns By Period
In the year-to-date period, CRCD achieves a -84.31% return, which is significantly lower than IWO's 20.20% return.
CRCD
- 1D
- 10.68%
- 1M
- 87.15%
- YTD
- -84.31%
- 6M
- -83.01%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWO
- 1D
- -1.57%
- 1M
- 4.24%
- YTD
- 20.20%
- 6M
- 16.81%
- 1Y
- 39.68%
- 3Y*
- 19.15%
- 5Y*
- 5.15%
- 10Y*
- 12.01%
CRCD vs. IWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRCD T-REX 2X Inverse CRCL Daily Target ETF | -84.31% | 38.83% |
IWO iShares Russell 2000 Growth ETF | 20.20% | 2.41% |
Correlation
The correlation between CRCD and IWO is -0.55, 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 | -0.55 |
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Return for Risk
CRCD vs. IWO — Risk / Return Rank
CRCD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IWO
CRCD vs. IWO - 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 Russell 2000 Growth ETF (IWO). 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 | IWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.68 | — |
| Martin ratioReturn relative to average drawdown | — | 9.57 | — |
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Drawdowns
CRCD vs. IWO - Drawdown Comparison
The maximum CRCD drawdown since its inception was -96.95%, which is greater than IWO's maximum drawdown of -60.11%. Use the drawdown chart below to compare losses from any high point for CRCD and IWO.
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Drawdown Indicators
| CRCD | IWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.95% | -60.11% | -36.84% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.87% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -28.57% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.51% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.02% | — |
Current DrawdownCurrent decline from peak | -92.56% | -1.57% | -90.99% |
Average DrawdownAverage peak-to-trough decline | -57.30% | -16.68% | -40.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.16% | — |
Volatility
CRCD vs. IWO - Volatility Comparison
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Volatility by Period
| CRCD | IWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.84% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.69% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 200.81% | 22.20% | +178.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 200.81% | 24.65% | +176.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 200.81% | 24.18% | +176.63% |
CRCD vs. IWO - Expense Ratio Comparison
CRCD has a 1.50% expense ratio, which is higher than IWO's 0.24% expense ratio.
Dividends
CRCD vs. IWO - Dividend Comparison
CRCD has not paid dividends to shareholders, while IWO's dividend yield for the trailing twelve months is around 0.42%.
| 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% |
IWO iShares Russell 2000 Growth ETF | 0.42% | 0.56% | 0.80% | 0.73% | 0.73% | 0.32% | 0.44% | 0.71% | 0.76% | 0.73% | 0.97% | 0.89% |
Frequently Asked Questions
CRCD and IWO have a correlation of -0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWO is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWO is cheaper with a 0.24% expense ratio, compared with 1.50% for CRCD.
IWO has the higher dividend yield at 0.42%, compared with 0.00% for CRCD.
CRCD is categorized as Inverse Equities, while IWO is Small Cap Growth Equities. They also come from different issuers: T-Rex and iShares. Their fees differ too: 1.50% for CRCD and 0.24% for IWO.
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