CRMG vs. ADBG

Last updated Jun 5, 2026

CRMG (Leverage Shares 2X Long CRM Daily ETF) and ADBG (Leverage Shares 2X Long ADBE Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. Over the past year, CRMG returned -60.55% vs -69.78% for ADBG. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

CRMG vs. ADBG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long CRM Daily ETF (CRMG) and Leverage Shares 2X Long ADBE Daily ETF (ADBG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRMG achieves a -56.09% return, which is significantly lower than ADBG's -52.15% return.

CRMG

• 1D: -1.95%
• 1M: -1.95%
• YTD: -56.09%
• 6M: -50.25%
• 1Y: -60.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ADBG

• 1D: 1.66%
• 1M: -0.81%
• YTD: -52.15%
• 6M: -46.56%
• 1Y: -69.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRMG vs. ADBG - Yearly Performance Comparison

	2026 (YTD)	2025
CRMG Leverage Shares 2X Long CRM Daily ETF	-56.09%	3.69%
ADBG Leverage Shares 2X Long ADBE Daily ETF	-52.15%	-14.00%

Correlation

The correlation between CRMG and ADBG is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025	0.68

The correlation between CRMG and ADBG has been stable across timeframes, ranging from 0.68 to 0.68 - a consistent structural relationship.

Return for Risk

CRMG vs. ADBG — Risk / Return Rank

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

CRMG

CRMG Risk / Return Rank: 2
CRMG Sharpe Ratio Rank: 3
CRMG Sortino Ratio Rank: 3
CRMG Omega Ratio Rank: 3
CRMG Calmar Ratio Rank: 2
CRMG Martin Ratio Rank: 1

ADBG

ADBG Risk / Return Rank: 1
ADBG Sharpe Ratio Rank: 1
ADBG Sortino Ratio Rank: 1
ADBG Omega Ratio Rank: 1
ADBG Calmar Ratio Rank: 1
ADBG Martin Ratio Rank: 2

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.

CRMG vs. ADBG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long CRM Daily ETF (CRMG) and Leverage Shares 2X Long ADBE Daily ETF (ADBG). 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.

	CRMG	ADBG	Difference
Sharpe ratio: Return per unit of total volatility	-0.81	-1.04	+0.24
Sortino ratio: Return per unit of downside risk	-1.14	-1.86	+0.72
Omega ratio: Gain probability vs. loss probability	0.86	0.78	+0.09
Calmar ratio: Return relative to maximum drawdown	-0.86	-0.92	+0.06
Martin ratio: Return relative to average drawdown	-1.47	-1.39	-0.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRMG vs. ADBG - Sharpe Ratio Comparison

The current CRMG Sharpe Ratio is -0.81, which is comparable to the ADBG Sharpe Ratio of -1.04. The chart below compares the historical Sharpe Ratios of CRMG and ADBG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CRMG	ADBG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.81	-1.04	+0.24
Sharpe Ratio (All Time) Calculated using the full available price history	-0.65	-0.90	+0.25

Drawdowns

CRMG vs. ADBG - Drawdown Comparison

The maximum CRMG drawdown since its inception was -74.38%, roughly equal to the maximum ADBG drawdown of -76.71%. Use the drawdown chart below to compare losses from any high point for CRMG and ADBG.

Drawdown Indicators

	CRMG	ADBG	Difference
Max Drawdown Largest peak-to-trough decline	-74.38%	-76.71%	+2.33%
Max Drawdown (1Y) Largest decline over 1 year	-70.91%	-76.23%	+5.32%
Current Drawdown Current decline from peak	-67.87%	-70.94%	+3.07%
Average Drawdown Average peak-to-trough decline	-37.81%	-41.74%	+3.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	41.08%	50.32%	-9.24%

Volatility

CRMG vs. ADBG - Volatility Comparison

Leverage Shares 2X Long CRM Daily ETF (CRMG) has a higher volatility of 34.03% compared to Leverage Shares 2X Long ADBE Daily ETF (ADBG) at 27.74%. This indicates that CRMG's price experiences larger fluctuations and is considered to be riskier than ADBG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRMG	ADBG	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.03%	27.74%	+6.29%
Volatility (6M) Calculated over the trailing 6-month period	63.87%	56.25%	+7.62%
Volatility (1Y) Calculated over the trailing 1-year period	75.31%	67.12%	+8.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.62%	66.85%	+8.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.62%	66.85%	+8.77%

CRMG vs. ADBG - Expense Ratio Comparison

Both CRMG and ADBG have an expense ratio of 0.75%.

Dividends

CRMG vs. ADBG - Dividend Comparison

Neither CRMG nor ADBG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CRMG and ADBG in my portfolio?

CRMG and ADBG have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRMG or ADBG?

CRMG has higher volatility (34.03%) compared to ADBG (27.74%). In terms of maximum drawdown, CRMG dropped -74.38% vs ADBG's -76.71%.

Which ETF is better, CRMG or ADBG?

On 1-year performance, CRMG leads with -60.55% vs -69.78% for ADBG. Both ETFs have the same 0.75% expense ratio. On volatility, ADBG has been the lower-risk option at 27.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CRMG or ADBG?

Over the 1-year period, CRMG has performed better with a -60.55% return vs -69.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CRMG or ADBG?

CRMG and ADBG have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, CRMG or ADBG?

CRMG and ADBG have nearly identical dividend yields, around 0.00%.

Which has better risk-adjusted returns?

CRMG currently has the higher Sharpe Ratio (-0.81 vs -1.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.