CRMX vs. MULL

Last updated Jun 6, 2026

CRMX (Tradr 2X Long CRML Daily ETF) and MULL (GraniteShares 2x Long MU Daily ETF) are both Leveraged Equities funds. CRMX is passively managed, while MULL is actively managed. At a 0.33 correlation, their price movements are largely independent. CRMX charges 1.49%/yr vs 1.50%/yr for MULL.

Performance

CRMX vs. MULL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long CRML Daily ETF (CRMX) and GraniteShares 2x Long MU Daily ETF (MULL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CRMX

• 1D: -22.81%
• 1M: -54.32%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MULL

• 1D: -26.21%
• 1M: 49.48%
• YTD: 545.56%
• 6M: 797.25%
• 1Y: 3,465.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRMX vs. MULL - Yearly Performance Comparison

	2026 (YTD)
CRMX Tradr 2X Long CRML Daily ETF	-79.02%
MULL GraniteShares 2x Long MU Daily ETF	372.11%

Correlation

The correlation between CRMX and MULL is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 14, 2026	0.33

Return for Risk

CRMX vs. MULL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MULL

MULL Risk / Return Rank: 98
MULL Sharpe Ratio Rank: 100
MULL Sortino Ratio Rank: 97
MULL Omega Ratio Rank: 96
MULL Calmar Ratio Rank: 100
MULL Martin Ratio Rank: 99

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.

CRMX vs. MULL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long CRML Daily ETF (CRMX) and GraniteShares 2x Long MU Daily ETF (MULL). 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

	CRMX	MULL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	25.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.34	5.14	-5.47

Drawdowns

CRMX vs. MULL - Drawdown Comparison

The maximum CRMX drawdown since its inception was -92.84%, which is greater than MULL's maximum drawdown of -72.29%. Use the drawdown chart below to compare losses from any high point for CRMX and MULL.

Drawdown Indicators

	CRMX	MULL	Difference
Max Drawdown Largest peak-to-trough decline	-92.84%	-72.29%	-20.55%
Max Drawdown (1Y) Largest decline over 1 year	—	-53.09%	—
Current Drawdown Current decline from peak	-89.54%	-37.74%	-51.80%
Average Drawdown Average peak-to-trough decline	-75.93%	-20.65%	-55.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.00%	—

Volatility

Volatility by Period

	CRMX	MULL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	66.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	111.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	293.38%	136.34%	+157.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	293.38%	138.33%	+155.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	293.38%	138.33%	+155.05%

CRMX vs. MULL - Expense Ratio Comparison

CRMX has a 1.49% expense ratio, which is lower than MULL's 1.50% expense ratio.

Dividends

CRMX vs. MULL - Dividend Comparison

CRMX has not paid dividends to shareholders, while MULL's dividend yield for the trailing twelve months is around 0.06%.

Position	TTM	2025
CRMX Tradr 2X Long CRML Daily ETF	0.00%	0.00%
MULL GraniteShares 2x Long MU Daily ETF	0.06%	0.39%

Frequently Asked Questions

Can I hold both CRMX and MULL in my portfolio?

CRMX and MULL have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CRMX or MULL?

On fees, CRMX is cheaper at 1.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CRMX or MULL?

CRMX is cheaper with a 1.49% expense ratio, compared with 1.50% for MULL.

Which ETF pays a higher dividend yield, CRMX or MULL?

MULL has the higher dividend yield at 0.06%, compared with 0.00% for CRMX.

What is the main difference between CRMX and MULL?

They also come from different issuers: Tradr and GraniteShares. Their fees differ too: 1.49% for CRMX and 1.50% for MULL.