CRWG vs. SPYD
CRWG (Leverage Shares 2X Long CRWV Daily ETF) and SPYD (State Street SPDR Portfolio S&P 500 High Dividend ETF) are both exchange-traded funds - CRWG is a Leveraged Equities fund actively managed by Leverage Shares, while SPYD is a S&P 500 fund tracking the S&P 500 High Dividend Index. CRWG is actively managed, while SPYD is passively managed. At a correlation of -0.10, they often move in opposite directions. CRWG charges 0.75%/yr vs 0.07%/yr for SPYD.
Performance
CRWG vs. SPYD - Performance Comparison
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Returns By Period
In the year-to-date period, CRWG achieves a -39.74% return, which is significantly lower than SPYD's 16.69% return.
CRWG
- 1D
- 0.74%
- 1M
- -62.61%
- 6M
- -68.72%
- YTD
- -39.74%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYD
- 1D
- -0.30%
- 1M
- 5.09%
- 6M
- 12.35%
- YTD
- 16.69%
- 1Y
- 19.44%
- 3Y*
- 14.18%
- 5Y*
- 9.41%
- 10Y*
- 8.62%
CRWG vs. SPYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRWG Leverage Shares 2X Long CRWV Daily ETF | -39.74% | -81.81% |
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 16.69% | 2.76% |
Correlation
The correlation between CRWG and SPYD is -0.10, 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 | -0.10 |
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Return for Risk
CRWG vs. SPYD — Risk / Return Rank
CRWG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPYD
CRWG vs. SPYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long CRWV Daily ETF (CRWG) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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 | SPYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.77 | — |
| Martin ratioReturn relative to average drawdown | — | 7.98 | — |
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Drawdowns
CRWG vs. SPYD - Drawdown Comparison
The maximum CRWG drawdown since its inception was -91.06%, which is greater than SPYD's maximum drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for CRWG and SPYD.
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Drawdown Indicators
| CRWG | SPYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.06% | -46.42% | -44.64% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.05% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.13% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.42% | — |
Current DrawdownCurrent decline from peak | -91.00% | -0.30% | -90.70% |
Average DrawdownAverage peak-to-trough decline | -70.15% | -6.11% | -64.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.44% | — |
Volatility
CRWG vs. SPYD - Volatility Comparison
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Volatility by Period
| CRWG | SPYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.34% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.24% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 187.70% | 11.93% | +175.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 187.70% | 16.04% | +171.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 187.70% | 19.76% | +167.94% |
CRWG vs. SPYD - Expense Ratio Comparison
CRWG has a 0.75% expense ratio, which is higher than SPYD's 0.07% expense ratio.
Dividends
CRWG vs. SPYD - Dividend Comparison
CRWG's dividend yield for the trailing twelve months is around 12.27%, more than SPYD's 4.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRWG Leverage Shares 2X Long CRWV Daily ETF | 12.27% | 7.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 4.11% | 4.52% | 4.31% | 4.66% | 5.01% | 3.68% | 4.95% | 4.42% | 4.75% | 4.63% | 4.34% | 1.13% |
Frequently Asked Questions
CRWG and SPYD have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYD is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYD is cheaper with a 0.07% expense ratio, compared with 0.75% for CRWG.
CRWG has the higher dividend yield at 12.27%, compared with 4.11% for SPYD.
CRWG is categorized as Leveraged Equities, while SPYD is S&P 500. They also come from different issuers: Leverage Shares and State Street. Their fees differ too: 0.75% for CRWG and 0.07% for SPYD.
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