CRMG vs. MADE
CRMG (Leverage Shares 2X Long CRM Daily ETF) and MADE (iShares U.S. Manufacturing ETF) are both exchange-traded funds - CRMG is a Leveraged Equities fund actively managed by Leverage Shares, while MADE is a Industrials Equities fund tracking the S&P U.S. Manufacturing Select Index. CRMG is actively managed, while MADE is passively managed. Over the past year, CRMG returned -59.31% vs 33.92% for MADE. Their -0.04 correlation means they have often moved in opposite directions in the past. CRMG charges 0.75%/yr vs 0.40%/yr for MADE.
Performance
CRMG vs. MADE - Performance Comparison
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Returns By Period
In the year-to-date period, CRMG achieves a -60.18% return, which is significantly lower than MADE's 17.91% return.
CRMG
- 1D
- 3.80%
- 1M
- 19.47%
- 6M
- -36.29%
- YTD
- -60.18%
- 1Y
- -59.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -50.26%
MADE
- 1D
- 1.24%
- 1M
- -3.55%
- 6M
- 7.60%
- YTD
- 17.91%
- 1Y
- 33.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 22.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $29.47M | $25.73M | $19.66M | |
| $633.60K | $840.83K | $749.71K |
CRMG vs. MADE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRMG Leverage Shares 2X Long CRM Daily ETF | -60.18% | -0.29% |
MADE iShares U.S. Manufacturing ETF | 17.91% | 42.49% |
Correlation
The correlation between CRMG and MADE is -0.20, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025 | -0.04 |
The correlation between CRMG and MADE shifts across timeframes, from -0.20 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CRMG vs. MADE — Risk / Return Rank
CRMG
MADE
CRMG vs. MADE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long CRM Daily ETF (CRMG) and iShares U.S. Manufacturing ETF (MADE). 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 | MADE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.98 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.24 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 2.38 | -3.23 |
| Martin ratioReturn relative to average drawdown | -1.43 | 8.82 | -10.25 |
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Drawdowns
CRMG vs. MADE - Drawdown Comparison
The maximum CRMG drawdown since its inception was -79.83%, which is greater than MADE's maximum drawdown of -23.79%. Use the drawdown chart below to compare losses from any high point for CRMG and MADE.
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Drawdown Indicators
| CRMG | MADE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.83% | -23.79% | -56.04% |
Max Drawdown (1Y)Largest decline over 1 year | -73.15% | -13.43% | -59.72% |
Current DrawdownCurrent decline from peak | -70.86% | -7.16% | -63.70% |
Average DrawdownAverage peak-to-trough decline | -42.13% | -3.96% | -38.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.96% | 3.62% | +40.34% |
Volatility
CRMG vs. MADE - Volatility Comparison
Leverage Shares 2X Long CRM Daily ETF (CRMG) has a higher volatility of 28.63% compared to iShares U.S. Manufacturing ETF (MADE) at 7.23%. This indicates that CRMG's price experiences larger fluctuations and is considered to be riskier than MADE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRMG | MADE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.63% | 7.23% | +21.40% |
Volatility (6M)Calculated over the trailing 6-month period | 66.59% | 19.39% | +47.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 81.64% | 23.15% | +58.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.54% | 23.01% | +54.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.54% | 23.01% | +54.53% |
CRMG vs. MADE - Expense Ratio Comparison
CRMG has a 0.75% expense ratio, which is higher than MADE's 0.40% expense ratio.
Dividends
CRMG vs. MADE - Dividend Comparison
CRMG has not paid dividends to shareholders, while MADE's dividend yield for the trailing twelve months is around 0.65%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CRMG Leverage Shares 2X Long CRM Daily ETF | 0.00% | 0.00% | 0.00% |
MADE iShares U.S. Manufacturing ETF | 0.65% | 0.89% | 0.34% |
Frequently Asked Questions
CRMG and MADE have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRMG has higher volatility (28.63%) compared to MADE (7.23%). In terms of maximum drawdown, CRMG dropped -79.83% vs MADE's -23.79%.
On 1-year performance, MADE leads with 33.92% vs -59.31% for CRMG. On fees, MADE is cheaper at 0.40% per year. On volatility, MADE has been the lower-risk option at 7.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MADE has performed better with a 33.92% return vs -59.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MADE is cheaper with a 0.40% expense ratio, compared with 0.75% for CRMG.
MADE has the higher dividend yield at 0.65%, compared with 0.00% for CRMG.
CRMG is categorized as Leveraged Equities, while MADE is Industrials Equities. They also come from different issuers: Leverage Shares and iShares. Their fees differ too: 0.75% for CRMG and 0.40% for MADE.
MADE currently has the higher Sharpe Ratio (1.38 vs -0.76), 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.
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