CRWG vs. USD

Last updated Jun 5, 2026

CRWG (Leverage Shares 2X Long CRWV Daily ETF) and USD (ProShares Ultra Semiconductors) are both Leveraged Equities funds. CRWG is actively managed, while USD is passively managed. A 0.55 correlation means they provide meaningful diversification when combined. CRWG charges 0.75%/yr vs 0.95%/yr for USD.

Performance

CRWG vs. USD - Performance Comparison

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

Returns By Period

In the year-to-date period, CRWG achieves a 46.05% return, which is significantly lower than USD's 103.32% return.

CRWG

• 1D: -5.06%
• 1M: -34.22%
• YTD: 46.05%
• 6M: -7.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USD

• 1D: -4.99%
• 1M: 31.62%
• YTD: 103.32%
• 6M: 97.79%
• 1Y: 250.81%
• 3Y*: 125.78%
• 5Y*: 67.80%
• 10Y*: 61.24%

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

CRWG vs. USD - Yearly Performance Comparison

	2026 (YTD)	2025
CRWG Leverage Shares 2X Long CRWV Daily ETF	46.05%	-83.24%
USD ProShares Ultra Semiconductors	103.32%	17.61%

Correlation

The correlation between CRWG and USD is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 12, 2025	0.55

Return for Risk

CRWG vs. USD — Risk / Return Rank

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

USD

USD Risk / Return Rank: 89
USD Sharpe Ratio Rank: 96
USD Sortino Ratio Rank: 82
USD Omega Ratio Rank: 81
USD Calmar Ratio Rank: 95
USD Martin Ratio Rank: 92

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. USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long CRWV Daily ETF (CRWG) and ProShares Ultra Semiconductors (USD). 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.

Sharpe Ratios by Period

	CRWG	USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.12	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.89	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.43	0.49	-0.92

Drawdowns

CRWG vs. USD - Drawdown Comparison

The maximum CRWG drawdown since its inception was -89.42%, roughly equal to the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for CRWG and USD.

Drawdown Indicators

	CRWG	USD	Difference
Max Drawdown Largest peak-to-trough decline	-89.42%	-88.63%	-0.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-31.80%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-64.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-77.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-77.85%	—
Current Drawdown Current decline from peak	-78.18%	-6.07%	-72.11%
Average Drawdown Average peak-to-trough decline	-68.58%	-32.35%	-36.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.98%	—

Volatility

Volatility by Period

	CRWG	USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	21.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	46.74%	—
Volatility (1Y) Calculated over the trailing 1-year period	191.34%	61.28%	+130.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	191.34%	76.56%	+114.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	191.34%	69.24%	+122.10%

CRWG vs. USD - Expense Ratio Comparison

CRWG has a 0.75% expense ratio, which is lower than USD's 0.95% expense ratio.

Dividends

CRWG vs. USD - Dividend Comparison

CRWG's dividend yield for the trailing twelve months is around 5.06%, more than USD's 0.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRWG Leverage Shares 2X Long CRWV Daily ETF	5.06%	7.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USD ProShares Ultra Semiconductors	0.23%	0.39%	0.10%	0.05%	0.30%	0.00%	0.14%	0.72%	0.93%	0.32%	0.46%	0.39%

Frequently Asked Questions

Can I hold both CRWG and USD in my portfolio?

CRWG and USD have a correlation of 0.55, 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 USD?

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 USD?

CRWG is cheaper with a 0.75% expense ratio, compared with 0.95% for USD.

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

CRWG has the higher dividend yield at 5.06%, compared with 0.23% for USD.

What is the main difference between CRWG and USD?

They also come from different issuers: Leverage Shares and ProShares. Their fees differ too: 0.75% for CRWG and 0.95% for USD.