CRWG vs. ERY
CRWG (Leverage Shares 2X Long CRWV Daily ETF) and ERY (Direxion Daily Energy Bear 2X Shares) are both Leveraged Equities funds. CRWG is actively managed, while ERY is passively managed. At a 0.05 correlation, their price movements are largely independent. CRWG charges 0.75%/yr vs 1.07%/yr for ERY.
Performance
CRWG vs. ERY - Performance Comparison
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Returns By Period
In the year-to-date period, CRWG achieves a 25.17% return, which is significantly higher than ERY's -42.37% return.
CRWG
- 1D
- -14.30%
- 1M
- -51.29%
- YTD
- 25.17%
- 6M
- -24.75%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ERY
- 1D
- 4.02%
- 1M
- -2.73%
- YTD
- -42.37%
- 6M
- -40.31%
- 1Y
- -53.41%
- 3Y*
- -26.88%
- 5Y*
- -37.56%
- 10Y*
- -33.15%
CRWG vs. ERY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRWG Leverage Shares 2X Long CRWV Daily ETF | 25.17% | -83.24% |
ERY Direxion Daily Energy Bear 2X Shares | -42.37% | -13.32% |
Correlation
The correlation between CRWG and ERY is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 12, 2025 | 0.05 |
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Return for Risk
CRWG vs. ERY — Risk / Return Rank
CRWG
ERY
CRWG vs. ERY - 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 Energy Bear 2X Shares (ERY). 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.
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Sharpe Ratios by Period
| CRWG | ERY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.31 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.73 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.45 | -0.54 | +0.10 |
Drawdowns
CRWG vs. ERY - Drawdown Comparison
The maximum CRWG drawdown since its inception was -89.42%, smaller than the maximum ERY drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for CRWG and ERY.
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Drawdown Indicators
| CRWG | ERY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.42% | -99.99% | +10.57% |
Max Drawdown (1Y)Largest decline over 1 year | — | -58.18% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.94% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -94.04% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.66% | — |
Current DrawdownCurrent decline from peak | -81.30% | -99.99% | +18.69% |
Average DrawdownAverage peak-to-trough decline | -68.64% | -96.93% | +28.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 33.64% | — |
Volatility
CRWG vs. ERY - Volatility Comparison
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Volatility by Period
| CRWG | ERY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.54% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 32.77% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 191.53% | 40.82% | +150.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 191.53% | 51.90% | +139.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 191.53% | 70.61% | +120.92% |
CRWG vs. ERY - Expense Ratio Comparison
CRWG has a 0.75% expense ratio, which is lower than ERY's 1.07% expense ratio.
Dividends
CRWG vs. ERY - Dividend Comparison
CRWG's dividend yield for the trailing twelve months is around 5.91%, more than ERY's 3.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CRWG Leverage Shares 2X Long CRWV Daily ETF | 5.91% | 7.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ERY Direxion Daily Energy Bear 2X Shares | 3.61% | 3.48% | 4.13% | 4.14% | 0.32% | 0.00% | 0.43% | 1.50% | 0.56% |
Frequently Asked Questions
CRWG and ERY have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
CRWG is cheaper with a 0.75% expense ratio, compared with 1.07% for ERY.
CRWG has the higher dividend yield at 5.91%, compared with 3.61% for ERY.
They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for CRWG and 1.07% for ERY.
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