CRWG vs. BABU

Last updated Jun 5, 2026

CRWG (Leverage Shares 2X Long CRWV Daily ETF) and BABU (Direxion Daily BABA Bull 2X ETF) are both Leveraged Equities funds. CRWG is actively managed, while BABU is passively managed. At a 0.31 correlation, their price movements are largely independent. CRWG charges 0.75%/yr vs 0.97%/yr for BABU.

Performance

CRWG vs. BABU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long CRWV Daily ETF (CRWG) and Direxion Daily BABA Bull 2X ETF (BABU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CRWG

• 1D: -5.06%
• 1M: -34.22%
• YTD: 46.05%
• 6M: -7.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BABU

• 1D: -2.22%
• 1M: -11.71%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRWG vs. BABU - Yearly Performance Comparison

	2026 (YTD)
CRWG Leverage Shares 2X Long CRWV Daily ETF	-5.54%
BABU Direxion Daily BABA Bull 2X ETF	-46.06%

Correlation

The correlation between CRWG and BABU is 0.31, 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 Feb 12, 2026	0.31

Return for Risk

CRWG vs. BABU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long CRWV Daily ETF (CRWG) and Direxion Daily BABA Bull 2X ETF (BABU). 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

	CRWG	BABU	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.43	-1.06	+0.63

Drawdowns

CRWG vs. BABU - Drawdown Comparison

The maximum CRWG drawdown since its inception was -89.42%, which is greater than BABU's maximum drawdown of -49.17%. Use the drawdown chart below to compare losses from any high point for CRWG and BABU.

Drawdown Indicators

	CRWG	BABU	Difference
Max Drawdown Largest peak-to-trough decline	-89.42%	-49.17%	-40.25%
Current Drawdown Current decline from peak	-78.18%	-46.06%	-32.12%
Average Drawdown Average peak-to-trough decline	-68.58%	-35.19%	-33.39%

Volatility

Volatility by Period

	CRWG	BABU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	191.34%	81.73%	+109.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	191.34%	81.73%	+109.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	191.34%	81.73%	+109.61%

CRWG vs. BABU - Expense Ratio Comparison

CRWG has a 0.75% expense ratio, which is lower than BABU's 0.97% expense ratio.

Dividends

CRWG vs. BABU - Dividend Comparison

CRWG's dividend yield for the trailing twelve months is around 5.06%, more than BABU's 0.37% yield.

Position	TTM	2025
BABU Direxion Daily BABA Bull 2X ETF	0.37%	0.00%
CRWG Leverage Shares 2X Long CRWV Daily ETF	5.06%	7.39%

Frequently Asked Questions

Can I hold both CRWG and BABU in my portfolio?

CRWG and BABU have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CRWG or BABU?

On fees, CRWG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CRWG or BABU?

CRWG is cheaper with a 0.75% expense ratio, compared with 0.97% for BABU.

Which ETF pays a higher dividend yield, CRWG or BABU?

CRWG has the higher dividend yield at 5.06%, compared with 0.37% for BABU.

What is the main difference between CRWG and BABU?

They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for CRWG and 0.97% for BABU.