CRWG vs. PONX

Last updated Jul 18, 2026

CRWG (Leverage Shares 2X Long CRWV Daily ETF) and PONX (Tradr 2X Long PONY Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.46 correlation, their price movements are largely independent. CRWG charges 0.75%/yr vs 1.30%/yr for PONX.

Performance

CRWG vs. PONX - Performance Comparison

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

Returns By Period

In the year-to-date period, CRWG achieves a -39.74% return, which is significantly higher than PONX's -85.67% return.

CRWG

• 1D: 0.74%
• 1M: -62.61%
• 6M: -68.72%
• YTD: -39.74%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PONX

• 1D: -10.09%
• 1M: -33.87%
• 6M: -88.33%
• YTD: -85.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRWG vs. PONX - Yearly Performance Comparison

	2026 (YTD)	2025
CRWG Leverage Shares 2X Long CRWV Daily ETF	-39.74%	-56.97%
PONX Tradr 2X Long PONY Daily ETF	-85.67%	-23.63%

Correlation

The correlation between CRWG and PONX is 0.46, 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 Sep 9, 2025	0.46

Return for Risk

CRWG vs. PONX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long CRWV Daily ETF (CRWG) and Tradr 2X Long PONY Daily ETF (PONX). 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.

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

Drawdowns

CRWG vs. PONX - Drawdown Comparison

The maximum CRWG drawdown since its inception was -91.06%, smaller than the maximum PONX drawdown of -95.86%. Use the drawdown chart below to compare losses from any high point for CRWG and PONX.

Drawdown Indicators

	CRWG	PONX	Difference
Max Drawdown Largest peak-to-trough decline	-91.06%	-95.86%	+4.80%
Current Drawdown Current decline from peak	-91.00%	-95.83%	+4.83%
Average Drawdown Average peak-to-trough decline	-70.15%	-69.08%	-1.07%

Volatility

Volatility by Period

	CRWG	PONX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	187.70%	151.88%	+35.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	187.70%	151.88%	+35.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	187.70%	151.88%	+35.82%

CRWG vs. PONX - Expense Ratio Comparison

CRWG has a 0.75% expense ratio, which is lower than PONX's 1.30% expense ratio.

Dividends

CRWG vs. PONX - Dividend Comparison

CRWG's dividend yield for the trailing twelve months is around 12.27%, while PONX has not paid dividends to shareholders.

Position	TTM	2025
CRWG Leverage Shares 2X Long CRWV Daily ETF	12.27%	7.39%
PONX Tradr 2X Long PONY Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both CRWG and PONX in my portfolio?

CRWG and PONX have a correlation of 0.46, 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 PONX?

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 PONX?

CRWG is cheaper with a 0.75% expense ratio, compared with 1.30% for PONX.

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

CRWG has the higher dividend yield at 12.27%, compared with 0.00% for PONX.

What is the main difference between CRWG and PONX?

They also come from different issuers: Leverage Shares and Tradr. Their fees differ too: 0.75% for CRWG and 1.30% for PONX.