CRWG vs. SOXS
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 -0.48, they often move in opposite directions. CRWG charges 0.75%/yr vs 1.08%/yr for SOXS.
Performance
CRWG vs. SOXS - Performance Comparison
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Returns By Period
In the year-to-date period, CRWG achieves a -32.77% return, which is significantly higher than SOXS's -92.52% return.
CRWG
- 1D
- -6.99%
- 1M
- -51.81%
- 6M
- -56.10%
- YTD
- -32.77%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXS
- 1D
- 7.43%
- 1M
- 17.74%
- 6M
- -89.72%
- YTD
- -92.52%
- 1Y
- -96.66%
- 3Y*
- -85.83%
- 5Y*
- -80.02%
- 10Y*
- -78.74%
CRWG vs. SOXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRWG Leverage Shares 2X Long CRWV Daily ETF | -32.77% | -81.81% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -92.52% | -57.02% |
Correlation
The correlation between CRWG and SOXS is -0.48, 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 | -0.48 |
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Return for Risk
CRWG vs. SOXS — Risk / Return Rank
CRWG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SOXS
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.70 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.99 | — |
| Martin ratioReturn relative to average drawdown | — | -1.42 | — |
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Drawdowns
CRWG vs. SOXS - Drawdown Comparison
The maximum CRWG drawdown since its inception was -89.96%, 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.
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Drawdown Indicators
| CRWG | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.96% | -100.00% | +10.04% |
Max Drawdown (1Y)Largest decline over 1 year | — | -97.89% | — |
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 DrawdownCurrent decline from peak | -89.96% | -100.00% | +10.04% |
Average DrawdownAverage peak-to-trough decline | -69.97% | -92.63% | +22.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 68.09% | — |
Volatility
CRWG vs. SOXS - Volatility Comparison
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Volatility by Period
| CRWG | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 61.18% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 108.85% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 188.17% | 125.65% | +62.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 188.17% | 113.15% | +75.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 188.17% | 102.95% | +85.22% |
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 11.00%, less than SOXS's 49.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CRWG Leverage Shares 2X Long CRWV Daily ETF | 11.00% | 7.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 49.38% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
Frequently Asked Questions
CRWG and SOXS have a correlation of -0.48, 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 1.08% for SOXS.
SOXS has the higher dividend yield at 49.38%, compared with 11.00% for CRWG.
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.
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