CRMG vs. ECLN

Last updated Jun 5, 2026

CRMG (Leverage Shares 2X Long CRM Daily ETF) and ECLN (First Trust EIP Carbon Impact ETF) are both exchange-traded funds - CRMG is a Leveraged Equities fund actively managed by Leverage Shares, while ECLN is a Utilities Equities fund actively managed by First Trust. Both are actively managed. Over the past year, CRMG returned -60.55% vs 21.20% for ECLN. At a correlation of -0.07, they often move in opposite directions. CRMG charges 0.75%/yr vs 0.97%/yr for ECLN.

Performance

CRMG vs. ECLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long CRM Daily ETF (CRMG) and First Trust EIP Carbon Impact ETF (ECLN). 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 ECLN's 12.78% return.

CRMG

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

ECLN

• 1D: 0.56%
• 1M: -2.38%
• YTD: 12.78%
• 6M: 10.71%
• 1Y: 21.20%
• 3Y*: 17.36%
• 5Y*: 11.98%
• 10Y*: —

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

CRMG vs. ECLN - Yearly Performance Comparison

	2026 (YTD)	2025
CRMG Leverage Shares 2X Long CRM Daily ETF	-56.09%	3.69%
ECLN First Trust EIP Carbon Impact ETF	12.78%	15.56%

Correlation

The correlation between CRMG and ECLN is -0.12, 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	-0.12
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025	-0.07

Return for Risk

CRMG vs. ECLN — 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

ECLN

ECLN Risk / Return Rank: 66
ECLN Sharpe Ratio Rank: 62
ECLN Sortino Ratio Rank: 66
ECLN Omega Ratio Rank: 59
ECLN Calmar Ratio Rank: 82
ECLN Martin Ratio Rank: 64

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. ECLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long CRM Daily ETF (CRMG) and First Trust EIP Carbon Impact ETF (ECLN). 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	ECLN	Difference
Sharpe ratio: Return per unit of total volatility	-0.81	2.04	-2.84
Sortino ratio: Return per unit of downside risk	-1.14	2.98	-4.12
Omega ratio: Gain probability vs. loss probability	0.86	1.35	-0.49
Calmar ratio: Return relative to maximum drawdown	-0.86	4.24	-5.10
Martin ratio: Return relative to average drawdown	-1.47	11.40	-12.88
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. ECLN - Sharpe Ratio Comparison

The current CRMG Sharpe Ratio is -0.81, which is lower than the ECLN Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of CRMG and ECLN, 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	ECLN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.81	2.04	-2.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.65	0.68	-1.33

Drawdowns

CRMG vs. ECLN - Drawdown Comparison

The maximum CRMG drawdown since its inception was -74.38%, which is greater than ECLN's maximum drawdown of -32.28%. Use the drawdown chart below to compare losses from any high point for CRMG and ECLN.

Drawdown Indicators

	CRMG	ECLN	Difference
Max Drawdown Largest peak-to-trough decline	-74.38%	-32.28%	-42.10%
Max Drawdown (1Y) Largest decline over 1 year	-70.91%	-5.02%	-65.89%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.68%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.88%	—
Current Drawdown Current decline from peak	-67.87%	-3.11%	-64.76%
Average Drawdown Average peak-to-trough decline	-37.81%	-4.99%	-32.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	41.08%	1.86%	+39.22%

Volatility

CRMG vs. ECLN - Volatility Comparison

Leverage Shares 2X Long CRM Daily ETF (CRMG) has a higher volatility of 34.03% compared to First Trust EIP Carbon Impact ETF (ECLN) at 3.91%. This indicates that CRMG's price experiences larger fluctuations and is considered to be riskier than ECLN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRMG	ECLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.03%	3.91%	+30.12%
Volatility (6M) Calculated over the trailing 6-month period	63.87%	8.12%	+55.75%
Volatility (1Y) Calculated over the trailing 1-year period	75.31%	10.52%	+64.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.62%	14.22%	+61.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.62%	17.41%	+58.21%

CRMG vs. ECLN - Expense Ratio Comparison

CRMG has a 0.75% expense ratio, which is lower than ECLN's 0.97% expense ratio.

Dividends

CRMG vs. ECLN - Dividend Comparison

CRMG has not paid dividends to shareholders, while ECLN's dividend yield for the trailing twelve months is around 1.82%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CRMG Leverage Shares 2X Long CRM Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ECLN First Trust EIP Carbon Impact ETF	1.82%	1.97%	2.52%	2.54%	1.72%	1.66%	1.68%	0.71%

Frequently Asked Questions

Can I hold both CRMG and ECLN in my portfolio?

CRMG and ECLN have a correlation of -0.12, 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 ECLN?

CRMG has higher volatility (34.03%) compared to ECLN (3.91%). In terms of maximum drawdown, CRMG dropped -74.38% vs ECLN's -32.28%.

Which ETF is better, CRMG or ECLN?

On 1-year performance, ECLN leads with 21.20% vs -60.55% for CRMG. On fees, CRMG is cheaper at 0.75% per year. On volatility, ECLN has been the lower-risk option at 3.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CRMG or ECLN?

Over the 1-year period, ECLN has performed better with a 21.20% return vs -60.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CRMG or ECLN?

CRMG is cheaper with a 0.75% expense ratio, compared with 0.97% for ECLN.

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

ECLN has the higher dividend yield at 1.82%, compared with 0.00% for CRMG.

What is the main difference between CRMG and ECLN?

CRMG is categorized as Leveraged Equities, while ECLN is Utilities Equities. They also come from different issuers: Leverage Shares and First Trust. Their fees differ too: 0.75% for CRMG and 0.97% for ECLN.

Which has better risk-adjusted returns?

ECLN currently has the higher Sharpe Ratio (2.04 vs -0.81), 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.