CRMU vs. USGG

Last updated Jun 4, 2026

CRMU (Leverage Shares 2X Long CRML Daily ETF) and USGG (Leverage Shares 2X Long USAR Daily ETF) are both Leveraged Equities funds from Leverage Shares - CRMU tracks the Critical Metals Corp. (CRML) while USGG tracks the USA Rare Earth, Inc. (USAR). Both are passively managed. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

CRMU vs. USGG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long CRML Daily ETF (CRMU) and Leverage Shares 2X Long USAR Daily ETF (USGG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CRMU

• 1D: -15.96%
• 1M: -31.67%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USGG

• 1D: -17.96%
• 1M: 7.54%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRMU vs. USGG - Yearly Performance Comparison

	2026 (YTD)
CRMU Leverage Shares 2X Long CRML Daily ETF	-40.31%
USGG Leverage Shares 2X Long USAR Daily ETF	10.51%

Correlation

The correlation between CRMU and USGG is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 11, 2026	0.70

Return for Risk

CRMU vs. USGG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long CRML Daily ETF (CRMU) and Leverage Shares 2X Long USAR Daily ETF (USGG). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CRMU	USGG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.32	1.17	-1.49

Drawdowns

CRMU vs. USGG - Drawdown Comparison

The maximum CRMU drawdown since its inception was -68.12%, smaller than the maximum USGG drawdown of -77.74%. Use the drawdown chart below to compare losses from any high point for CRMU and USGG.

Drawdown Indicators

	CRMU	USGG	Difference
Max Drawdown Largest peak-to-trough decline	-68.12%	-77.74%	+9.62%
Current Drawdown Current decline from peak	-48.77%	-32.40%	-16.37%
Average Drawdown Average peak-to-trough decline	-36.07%	-46.06%	+9.99%

Volatility

Volatility by Period

	CRMU	USGG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	254.94%	225.33%	+29.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	254.94%	225.33%	+29.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	254.94%	225.33%	+29.61%

CRMU vs. USGG - Expense Ratio Comparison

Both CRMU and USGG have an expense ratio of 0.75%.

Dividends

CRMU vs. USGG - Dividend Comparison

Neither CRMU nor USGG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CRMU and USGG in my portfolio?

CRMU and USGG have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CRMU or USGG?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CRMU or USGG?

CRMU and USGG have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, CRMU or USGG?

CRMU and USGG have nearly identical dividend yields, around 0.00%.

What is the main difference between CRMU and USGG?

CRMU tracks Critical Metals Corp. (CRML), while USGG tracks USA Rare Earth, Inc. (USAR).