CRCD vs. SEF

Last updated Apr 1, 2026

Compare and contrast key facts about T-REX 2X Inverse CRCL Daily Target ETF (CRCD) and ProShares Short Financials (SEF).

CRCD and SEF 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. SEF is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Financials Index (-100%). It was launched on Jun 12, 2008.

Performance

CRCD vs. SEF - 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 Short Financials (SEF). The values are adjusted to include any dividend payments, if applicable.

CRCD vs. SEF - Yearly Performance Comparison

	2026 (YTD)	2025
CRCD T-REX 2X Inverse CRCL Daily Target ETF	-80.36%	43.19%
SEF ProShares Short Financials	11.27%	-0.81%

Returns By Period

In the year-to-date period, CRCD achieves a -80.36% return, which is significantly lower than SEF's 11.27% return.

CRCD

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

SEF

• 1D: -2.13%
• 1M: 3.96%
• YTD: 11.27%
• 6M: 10.38%
• 1Y: 2.76%
• 3Y*: -10.01%
• 5Y*: -6.70%
• 10Y*: -11.67%

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

CRCD vs. SEF - Expense Ratio Comparison

CRCD has a 1.50% expense ratio, which is higher than SEF's 0.95% expense ratio.

CRCD

T-REX 2X Inverse CRCL Daily Target ETF

SEF

ProShares Short Financials

Return for Risk

CRCD vs. SEF — Risk / Return Rank

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

SEF

SEF Risk / Return Rank: 15
SEF Sharpe Ratio Rank: 15
SEF Sortino Ratio Rank: 16
SEF Omega Ratio Rank: 16
SEF Calmar Ratio Rank: 13
SEF Martin Ratio Rank: 13

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. SEF - 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 Short Financials (SEF). 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	SEF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.14	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.37	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.45	-0.49	+0.03

Correlation

The correlation between CRCD and SEF is 0.36, 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. SEF - Dividend Comparison

CRCD has not paid dividends to shareholders, while SEF's dividend yield for the trailing twelve months is around 3.27%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
SEF ProShares Short Financials	3.27%	4.33%	5.72%	4.43%	0.39%	0.00%	0.12%	1.25%	0.41%

Drawdowns

CRCD vs. SEF - Drawdown Comparison

The maximum CRCD drawdown since its inception was -94.38%, roughly equal to the maximum SEF drawdown of -96.51%. Use the drawdown chart below to compare losses from any high point for CRCD and SEF.

Drawdown Indicators

	CRCD	SEF	Difference
Max Drawdown Largest peak-to-trough decline	-94.38%	-96.51%	+2.13%
Max Drawdown (1Y) Largest decline over 1 year	—	-20.21%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-41.62%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-75.66%	—
Current Drawdown Current decline from peak	-90.68%	-96.00%	+5.32%
Average Drawdown Average peak-to-trough decline	-40.91%	-82.58%	+41.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	14.44%	—

Volatility

Volatility by Period

	CRCD	SEF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.86%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.37%	—
Volatility (1Y) Calculated over the trailing 1-year period	203.98%	19.28%	+184.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	203.98%	17.99%	+185.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	203.98%	20.55%	+183.43%