CRCD vs. SHRT

Last updated Apr 1, 2026

Compare and contrast key facts about T-REX 2X Inverse CRCL Daily Target ETF (CRCD) and Gotham Short Strategies ETF (SHRT).

CRCD and SHRT 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. SHRT is an actively managed fund by Gotham. It was launched on Jul 31, 2017.

Performance

CRCD vs. SHRT - 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 Gotham Short Strategies ETF (SHRT). The values are adjusted to include any dividend payments, if applicable.

CRCD vs. SHRT - Yearly Performance Comparison

	2026 (YTD)	2025
CRCD T-REX 2X Inverse CRCL Daily Target ETF	-80.36%	43.19%
SHRT Gotham Short Strategies ETF	-2.73%	1.00%

Returns By Period

In the year-to-date period, CRCD achieves a -80.36% return, which is significantly lower than SHRT's -2.73% return.

CRCD

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

SHRT

• 1D: -1.51%
• 1M: 4.54%
• YTD: -2.73%
• 6M: -1.63%
• 1Y: -8.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRCD vs. SHRT - Expense Ratio Comparison

CRCD has a 1.50% expense ratio, which is higher than SHRT's 1.35% expense ratio.

CRCD

T-REX 2X Inverse CRCL Daily Target ETF

SHRT

Gotham Short Strategies ETF

Return for Risk

CRCD vs. SHRT — Risk / Return Rank

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

SHRT

SHRT Risk / Return Rank: 3
SHRT Sharpe Ratio Rank: 3
SHRT Sortino Ratio Rank: 2
SHRT Omega Ratio Rank: 3
SHRT Calmar Ratio Rank: 4
SHRT Martin Ratio Rank: 5

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. SHRT - 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 Gotham Short Strategies ETF (SHRT). 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	SHRT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.45	-0.36	-0.09

Correlation

The correlation between CRCD and SHRT is 0.39, 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. SHRT - Dividend Comparison

CRCD has not paid dividends to shareholders, while SHRT's dividend yield for the trailing twelve months is around 0.07%.

	TTM	2025	2024	2023
CRCD T-REX 2X Inverse CRCL Daily Target ETF	0.00%	0.00%	0.00%	0.00%
SHRT Gotham Short Strategies ETF	0.07%	0.07%	0.85%	0.27%

Drawdowns

CRCD vs. SHRT - Drawdown Comparison

The maximum CRCD drawdown since its inception was -94.38%, which is greater than SHRT's maximum drawdown of -18.97%. Use the drawdown chart below to compare losses from any high point for CRCD and SHRT.

Drawdown Indicators

	CRCD	SHRT	Difference
Max Drawdown Largest peak-to-trough decline	-94.38%	-18.97%	-75.41%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.65%	—
Current Drawdown Current decline from peak	-90.68%	-12.77%	-77.91%
Average Drawdown Average peak-to-trough decline	-40.91%	-7.21%	-33.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.62%	—

Volatility

Volatility by Period

	CRCD	SHRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	203.98%	14.59%	+189.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	203.98%	12.66%	+191.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	203.98%	12.66%	+191.32%