CRWG vs. SOXS

Last updated Jun 26, 2026

CRWG (Leverage Shares 2X Long CRWV Daily ETF) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - CRWG is a Leveraged Equities fund actively managed by Leverage Shares, while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). CRWG is actively managed, while SOXS is passively managed. At a correlation of -0.46, they often move in opposite directions. CRWG charges 0.75%/yr vs 1.08%/yr for SOXS.

Performance

CRWG vs. SOXS - 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 Semiconductor Bear 3x Shares (SOXS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRWG achieves a 16.64% return, which is significantly higher than SOXS's -94.09% return.

CRWG

• 1D: -4.36%
• 1M: -18.97%
• YTD: 16.64%
• 6M: -4.72%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXS

• 1D: -11.03%
• 1M: -41.63%
• YTD: -94.09%
• 6M: -93.81%
• 1Y: -97.64%
• 3Y*: -87.76%
• 5Y*: -80.66%
• 10Y*: -79.95%

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

CRWG vs. SOXS - Yearly Performance Comparison

	2026 (YTD)	2025
CRWG Leverage Shares 2X Long CRWV Daily ETF	16.64%	-81.81%
SOXS Direxion Daily Semiconductor Bear 3x Shares	-94.09%	-57.02%

Correlation

The correlation between CRWG and SOXS is -0.46, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 11, 2025	-0.46

Return for Risk

CRWG vs. SOXS — Risk / Return Rank

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

CRWG

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

SOXS

SOXS Risk / Return Rank: 1
SOXS Sharpe Ratio Rank: 3
SOXS Sortino Ratio Rank: 0
SOXS Omega Ratio Rank: 0
SOXS Calmar Ratio Rank: 0
SOXS Martin Ratio Rank: 1

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.

CRWG vs. SOXS - 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 Semiconductor Bear 3x Shares (SOXS). 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.

	CRWG	SOXS	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.83	—
Sortino ratio: Return per unit of downside risk	—	-3.35	—
Omega ratio: Gain probability vs. loss probability	—	0.64	—
Calmar ratio: Return relative to maximum drawdown	—	-1.00	—
Martin ratio: Return relative to average drawdown	—	-1.51	—

Drawdowns

CRWG vs. SOXS - Drawdown Comparison

The maximum CRWG drawdown since its inception was -89.42%, smaller than the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for CRWG and SOXS.

Drawdown Indicators

	CRWG	SOXS	Difference
Max Drawdown Largest peak-to-trough decline	-89.42%	-100.00%	+10.58%
Max Drawdown (1Y) Largest decline over 1 year	—	-97.88%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-99.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-99.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-100.00%	—
Current Drawdown Current decline from peak	-82.57%	-100.00%	+17.43%
Average Drawdown Average peak-to-trough decline	-68.99%	-92.61%	+23.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	64.48%	—

Volatility

Volatility by Period

	CRWG	SOXS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	65.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	100.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	188.80%	117.61%	+71.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	188.80%	111.53%	+77.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	188.80%	102.14%	+86.66%

CRWG vs. SOXS - Expense Ratio Comparison

CRWG has a 0.75% expense ratio, which is lower than SOXS's 1.08% expense ratio.

Dividends

CRWG vs. SOXS - Dividend Comparison

CRWG's dividend yield for the trailing twelve months is around 6.34%, less than SOXS's 62.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
CRWG Leverage Shares 2X Long CRWV Daily ETF	6.34%	7.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SOXS Direxion Daily Semiconductor Bear 3x Shares	62.55%	10.79%	5.45%	9.22%	0.19%	0.00%	3.58%	2.30%	0.76%

Frequently Asked Questions

Can I hold both CRWG and SOXS in my portfolio?

CRWG and SOXS 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 SOXS?

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 SOXS?

CRWG is cheaper with a 0.75% expense ratio, compared with 1.08% for SOXS.

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

SOXS has the higher dividend yield at 62.55%, compared with 6.34% for CRWG.

What is the main difference between CRWG and SOXS?

CRWG is categorized as Leveraged Equities, while SOXS is Inverse Equities. They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for CRWG and 1.08% for SOXS.