CRMG vs. MSTU
CRMG (Leverage Shares 2X Long CRM Daily ETF) and MSTU (T-Rex 2X Long MSTR Daily Target ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, CRMG returned -67.15% vs -98.23% for MSTU. At a 0.14 correlation, their price movements are largely independent. CRMG charges 0.75%/yr vs 1.05%/yr for MSTU.
Performance
CRMG vs. MSTU - Performance Comparison
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Returns By Period
In the year-to-date period, CRMG achieves a -65.13% return, which is significantly higher than MSTU's -77.62% return.
CRMG
- 1D
- -2.25%
- 1M
- 18.32%
- 6M
- -51.86%
- YTD
- -65.13%
- 1Y
- -67.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTU
- 1D
- 1.36%
- 1M
- -39.81%
- 6M
- -82.35%
- YTD
- -77.62%
- 1Y
- -98.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRMG vs. MSTU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRMG Leverage Shares 2X Long CRM Daily ETF | -65.13% | -0.29% |
MSTU T-Rex 2X Long MSTR Daily Target ETF | -77.62% | -83.90% |
Correlation
The correlation between CRMG and MSTU is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025 | 0.14 |
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Return for Risk
CRMG vs. MSTU — Risk / Return Rank
CRMG
MSTU
CRMG vs. MSTU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long CRM Daily ETF (CRMG) and T-Rex 2X Long MSTR Daily Target ETF (MSTU). 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 | MSTU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.72 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | -1.00 | +0.11 |
| Martin ratioReturn relative to average drawdown | -1.47 | -1.22 | -0.25 |
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Drawdowns
CRMG vs. MSTU - Drawdown Comparison
The maximum CRMG drawdown since its inception was -79.83%, smaller than the maximum MSTU drawdown of -99.43%. Use the drawdown chart below to compare losses from any high point for CRMG and MSTU.
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Drawdown Indicators
| CRMG | MSTU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.83% | -99.43% | +19.60% |
Max Drawdown (1Y)Largest decline over 1 year | -75.82% | -98.41% | +22.59% |
Current DrawdownCurrent decline from peak | -74.49% | -99.28% | +24.79% |
Average DrawdownAverage peak-to-trough decline | -41.14% | -73.56% | +32.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.60% | 82.09% | -36.49% |
Volatility
CRMG vs. MSTU - Volatility Comparison
The current volatility for Leverage Shares 2X Long CRM Daily ETF (CRMG) is 23.23%, while T-Rex 2X Long MSTR Daily Target ETF (MSTU) has a volatility of 50.69%. This indicates that CRMG experiences smaller price fluctuations and is considered to be less risky than MSTU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRMG | MSTU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.23% | 50.69% | -27.46% |
Volatility (6M)Calculated over the trailing 6-month period | 64.26% | 120.00% | -55.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.99% | 146.61% | -68.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.67% | 169.18% | -93.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.67% | 169.18% | -93.51% |
CRMG vs. MSTU - Expense Ratio Comparison
CRMG has a 0.75% expense ratio, which is lower than MSTU's 1.05% expense ratio.
Dividends
CRMG vs. MSTU - Dividend Comparison
Neither CRMG nor MSTU has paid dividends to shareholders.
Frequently Asked Questions
CRMG and MSTU have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTU has higher volatility (50.69%) compared to CRMG (23.23%). In terms of maximum drawdown, CRMG dropped -79.83% vs MSTU's -99.43%.
On 1-year performance, CRMG leads with -67.15% vs -98.23% for MSTU. On fees, CRMG is cheaper at 0.75% per year. On volatility, CRMG has been the lower-risk option at 23.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CRMG has performed better with a -67.15% return vs -98.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CRMG is cheaper with a 0.75% expense ratio, compared with 1.05% for MSTU.
CRMG and MSTU have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and T-Rex. Their fees differ too: 0.75% for CRMG and 1.05% for MSTU.
MSTU currently has the higher Sharpe Ratio (-0.67 vs -0.86), 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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