CRMG vs. BWET

Last updated Jun 23, 2026

CRMG (Leverage Shares 2X Long CRM Daily ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - CRMG is a Leveraged Equities fund actively managed by Leverage Shares, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. CRMG is actively managed, while BWET is passively managed. Over the past year, CRMG returned -74.56% vs 1640.62% for BWET. At a correlation of -0.10, they often move in opposite directions. CRMG charges 0.75%/yr vs 3.50%/yr for BWET.

Performance

CRMG vs. BWET - Performance Comparison

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

Returns By Period

In the year-to-date period, CRMG achieves a -72.43% return, which is significantly lower than BWET's 1,030.31% return.

CRMG

• 1D: -2.33%
• 1M: -32.50%
• YTD: -72.43%
• 6M: -72.45%
• 1Y: -74.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BWET

• 1D: 2.73%
• 1M: 25.30%
• YTD: 1,030.31%
• 6M: 892.97%
• 1Y: 1,640.62%
• 3Y*: 128.11%
• 5Y*: —
• 10Y*: —

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

CRMG vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025
CRMG Leverage Shares 2X Long CRM Daily ETF	-72.43%	-0.29%
BWET Breakwave Tanker Shipping ETF	1,030.31%	79.62%

Correlation

The correlation between CRMG and BWET is -0.11, 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 (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025	-0.10

Return for Risk

CRMG vs. BWET — Risk / Return Rank

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

CRMG

CRMG Risk / Return Rank: 1
CRMG Sharpe Ratio Rank: 1
CRMG Sortino Ratio Rank: 1
CRMG Omega Ratio Rank: 1
CRMG Calmar Ratio Rank: 1
CRMG Martin Ratio Rank: 0

BWET

BWET Risk / Return Rank: 98
BWET Sharpe Ratio Rank: 100
BWET Sortino Ratio Rank: 97
BWET Omega Ratio Rank: 97
BWET Calmar Ratio Rank: 99
BWET Martin Ratio Rank: 99

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. BWET - Risk-Adjusted Trends Comparison

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

	CRMG	BWET	Difference
Sharpe ratio: Return per unit of total volatility	-0.98	16.89	-17.87
Sortino ratio: Return per unit of downside risk	-1.86	6.36	-8.22
Omega ratio: Gain probability vs. loss probability	0.79	1.92	-1.13
Calmar ratio: Return relative to maximum drawdown	-0.97	54.19	-55.17
Martin ratio: Return relative to average drawdown	-1.73	142.88	-144.61

CRMG vs. BWET - Sharpe Ratio Comparison

The current CRMG Sharpe Ratio is -0.98, which is lower than the BWET Sharpe Ratio of 16.89. The chart below compares the historical Sharpe Ratios of CRMG and BWET, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CRMG vs. BWET - Drawdown Comparison

The maximum CRMG drawdown since its inception was -79.83%, which is greater than BWET's maximum drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for CRMG and BWET.

Drawdown Indicators

	CRMG	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-79.83%	-56.90%	-22.93%
Max Drawdown (1Y) Largest decline over 1 year	-76.80%	-30.64%	-46.16%
Max Drawdown (3Y) Largest decline over 3 years	—	-56.81%	—
Current Drawdown Current decline from peak	-79.83%	0.00%	-79.83%
Average Drawdown Average peak-to-trough decline	-39.05%	-23.78%	-15.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.14%	11.60%	+31.54%

Volatility

CRMG vs. BWET - Volatility Comparison

Leverage Shares 2X Long CRM Daily ETF (CRMG) has a higher volatility of 32.09% compared to Breakwave Tanker Shipping ETF (BWET) at 25.51%. This indicates that CRMG's price experiences larger fluctuations and is considered to be riskier than BWET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRMG	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.09%	25.51%	+6.58%
Volatility (6M) Calculated over the trailing 6-month period	63.54%	88.96%	-25.42%
Volatility (1Y) Calculated over the trailing 1-year period	76.13%	98.53%	-22.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.40%	70.43%	+4.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.40%	70.43%	+4.97%

CRMG vs. BWET - Expense Ratio Comparison

CRMG has a 0.75% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

CRMG vs. BWET - Dividend Comparison

Neither CRMG nor BWET has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CRMG and BWET in my portfolio?

CRMG and BWET have a correlation of -0.11, 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 BWET?

CRMG has higher volatility (32.09%) compared to BWET (25.51%). In terms of maximum drawdown, CRMG dropped -79.83% vs BWET's -56.90%.

Which ETF is better, CRMG or BWET?

On 1-year performance, BWET leads with 1640.62% vs -74.56% for CRMG. On fees, CRMG is cheaper at 0.75% per year. On volatility, BWET has been the lower-risk option at 25.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CRMG or BWET?

Over the 1-year period, BWET has performed better with a 1640.62% return vs -74.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CRMG or BWET?

CRMG is cheaper with a 0.75% expense ratio, compared with 3.50% for BWET.

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

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

What is the main difference between CRMG and BWET?

CRMG is categorized as Leveraged Equities, while BWET is Commodities. They also come from different issuers: Leverage Shares and Amplify. Their fees differ too: 0.75% for CRMG and 3.50% for BWET.

Which has better risk-adjusted returns?

BWET currently has the higher Sharpe Ratio (16.89 vs -0.98), 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.