CRMG vs. GII

Last updated Jun 23, 2026

CRMG (Leverage Shares 2X Long CRM Daily ETF) and GII (SPDR S&P Global Infrastructure ETF) are both exchange-traded funds - CRMG is a Leveraged Equities fund actively managed by Leverage Shares, while GII is a Utilities Equities fund tracking the S&P Global Infrastructure. CRMG is actively managed, while GII is passively managed. Over the past year, CRMG returned -74.56% vs 18.20% for GII. At a correlation of -0.07, they often move in opposite directions. CRMG charges 0.75%/yr vs 0.40%/yr for GII.

Performance

CRMG vs. GII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long CRM Daily ETF (CRMG) and SPDR S&P Global Infrastructure ETF (GII). 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 GII's 9.51% return.

CRMG

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

GII

• 1D: 0.13%
• 1M: -0.19%
• YTD: 9.51%
• 6M: 10.02%
• 1Y: 18.20%
• 3Y*: 16.79%
• 5Y*: 10.83%
• 10Y*: 8.70%

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

CRMG vs. GII - Yearly Performance Comparison

	2026 (YTD)	2025
CRMG Leverage Shares 2X Long CRM Daily ETF	-72.43%	-0.29%
GII SPDR S&P Global Infrastructure ETF	9.51%	15.04%

Correlation

The correlation between CRMG and GII 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	-0.07

Return for Risk

CRMG vs. GII — 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

GII

GII Risk / Return Rank: 53
GII Sharpe Ratio Rank: 50
GII Sortino Ratio Rank: 49
GII Omega Ratio Rank: 49
GII Calmar Ratio Rank: 64
GII Martin Ratio Rank: 52

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. GII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long CRM Daily ETF (CRMG) and SPDR S&P Global Infrastructure ETF (GII). 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	GII	Difference
Sharpe ratio: Return per unit of total volatility	-0.98	1.68	-2.67
Sortino ratio: Return per unit of downside risk	-1.86	2.35	-4.21
Omega ratio: Gain probability vs. loss probability	0.79	1.30	-0.52
Calmar ratio: Return relative to maximum drawdown	-0.97	3.08	-4.05
Martin ratio: Return relative to average drawdown	-1.73	8.81	-10.54

CRMG vs. GII - Sharpe Ratio Comparison

The current CRMG Sharpe Ratio is -0.98, which is lower than the GII Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of CRMG and GII, 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. GII - Drawdown Comparison

The maximum CRMG drawdown since its inception was -79.83%, which is greater than GII's maximum drawdown of -50.98%. Use the drawdown chart below to compare losses from any high point for CRMG and GII.

Drawdown Indicators

	CRMG	GII	Difference
Max Drawdown Largest peak-to-trough decline	-79.83%	-50.98%	-28.85%
Max Drawdown (1Y) Largest decline over 1 year	-76.80%	-5.94%	-70.86%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.31%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.67%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.84%	—
Current Drawdown Current decline from peak	-79.83%	-2.97%	-76.86%
Average Drawdown Average peak-to-trough decline	-39.05%	-11.50%	-27.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.14%	2.07%	+41.07%

Volatility

CRMG vs. GII - Volatility Comparison

Leverage Shares 2X Long CRM Daily ETF (CRMG) has a higher volatility of 32.09% compared to SPDR S&P Global Infrastructure ETF (GII) at 3.60%. This indicates that CRMG's price experiences larger fluctuations and is considered to be riskier than GII based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRMG	GII	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.09%	3.60%	+28.49%
Volatility (6M) Calculated over the trailing 6-month period	63.54%	8.96%	+54.58%
Volatility (1Y) Calculated over the trailing 1-year period	76.13%	10.88%	+65.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.40%	14.09%	+61.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.40%	17.14%	+58.26%

CRMG vs. GII - Expense Ratio Comparison

CRMG has a 0.75% expense ratio, which is higher than GII's 0.40% expense ratio.

Dividends

CRMG vs. GII - Dividend Comparison

CRMG has not paid dividends to shareholders, while GII's dividend yield for the trailing twelve months is around 2.67%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRMG Leverage Shares 2X Long CRM Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GII SPDR S&P Global Infrastructure ETF	2.67%	3.17%	3.23%	3.70%	3.07%	2.37%	2.66%	3.39%	3.31%	3.38%	3.11%	3.54%

Frequently Asked Questions

Can I hold both CRMG and GII in my portfolio?

CRMG and GII 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 GII?

CRMG has higher volatility (32.09%) compared to GII (3.60%). In terms of maximum drawdown, CRMG dropped -79.83% vs GII's -50.98%.

Which ETF is better, CRMG or GII?

On 1-year performance, GII leads with 18.20% vs -74.56% for CRMG. On fees, GII is cheaper at 0.40% per year. On volatility, GII has been the lower-risk option at 3.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CRMG or GII?

Over the 1-year period, GII has performed better with a 18.20% 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 GII?

GII is cheaper with a 0.40% expense ratio, compared with 0.75% for CRMG.

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

GII has the higher dividend yield at 2.67%, compared with 0.00% for CRMG.

What is the main difference between CRMG and GII?

CRMG is categorized as Leveraged Equities, while GII is Utilities Equities. They also come from different issuers: Leverage Shares and State Street. Their fees differ too: 0.75% for CRMG and 0.40% for GII.

Which has better risk-adjusted returns?

GII currently has the higher Sharpe Ratio (1.68 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.