CRWL vs. ASMG

Last updated Jun 6, 2026

CRWL (GraniteShares 2x Long CRWD Daily ETF) and ASMG (Leverage Shares 2X Long ASML Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, CRWL returned 42.83% vs 264.18% for ASMG. At a 0.26 correlation, their price movements are largely independent. CRWL charges 1.50%/yr vs 0.75%/yr for ASMG.

Performance

CRWL vs. ASMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long CRWD Daily ETF (CRWL) and Leverage Shares 2X Long ASML Daily ETF (ASMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRWL achieves a 64.32% return, which is significantly lower than ASMG's 103.72% return.

CRWL

• 1D: -13.60%
• 1M: 93.76%
• YTD: 64.32%
• 6M: 35.82%
• 1Y: 42.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASMG

• 1D: -13.67%
• 1M: 9.21%
• YTD: 103.72%
• 6M: 90.04%
• 1Y: 264.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRWL vs. ASMG - Yearly Performance Comparison

	2026 (YTD)	2025
CRWL GraniteShares 2x Long CRWD Daily ETF	64.32%	27.22%
ASMG Leverage Shares 2X Long ASML Daily ETF	103.72%	63.67%

Correlation

The correlation between CRWL and ASMG is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025	0.26

Return for Risk

CRWL vs. ASMG — Risk / Return Rank

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

CRWL

CRWL Risk / Return Rank: 20
CRWL Sharpe Ratio Rank: 17
CRWL Sortino Ratio Rank: 25
CRWL Omega Ratio Rank: 25
CRWL Calmar Ratio Rank: 18
CRWL Martin Ratio Rank: 16

ASMG

ASMG Risk / Return Rank: 84
ASMG Sharpe Ratio Rank: 93
ASMG Sortino Ratio Rank: 74
ASMG Omega Ratio Rank: 69
ASMG Calmar Ratio Rank: 95
ASMG Martin Ratio Rank: 89

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.

CRWL vs. ASMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long CRWD Daily ETF (CRWL) and Leverage Shares 2X Long ASML Daily ETF (ASMG). 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.

	CRWL	ASMG	Difference
Sharpe ratio: Return per unit of total volatility	0.48	3.23	-2.75
Sortino ratio: Return per unit of downside risk	1.25	3.13	-1.89
Omega ratio: Gain probability vs. loss probability	1.16	1.38	-0.23
Calmar ratio: Return relative to maximum drawdown	0.66	7.70	-7.04
Martin ratio: Return relative to average drawdown	1.31	19.14	-17.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRWL vs. ASMG - Sharpe Ratio Comparison

The current CRWL Sharpe Ratio is 0.48, which is lower than the ASMG Sharpe Ratio of 3.23. The chart below compares the historical Sharpe Ratios of CRWL and ASMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CRWL	ASMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.48	3.23	-2.75
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	1.63	-1.03

Drawdowns

CRWL vs. ASMG - Drawdown Comparison

The maximum CRWL drawdown since its inception was -64.99%, which is greater than ASMG's maximum drawdown of -43.95%. Use the drawdown chart below to compare losses from any high point for CRWL and ASMG.

Drawdown Indicators

	CRWL	ASMG	Difference
Max Drawdown Largest peak-to-trough decline	-64.99%	-43.95%	-21.04%
Max Drawdown (1Y) Largest decline over 1 year	-64.99%	-34.56%	-30.43%
Current Drawdown Current decline from peak	-27.54%	-13.67%	-13.87%
Average Drawdown Average peak-to-trough decline	-24.73%	-13.24%	-11.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.75%	13.87%	+18.88%

Volatility

CRWL vs. ASMG - Volatility Comparison

GraniteShares 2x Long CRWD Daily ETF (CRWL) has a higher volatility of 36.94% compared to Leverage Shares 2X Long ASML Daily ETF (ASMG) at 30.54%. This indicates that CRWL's price experiences larger fluctuations and is considered to be riskier than ASMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRWL	ASMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	36.94%	30.54%	+6.40%
Volatility (6M) Calculated over the trailing 6-month period	75.48%	65.82%	+9.66%
Volatility (1Y) Calculated over the trailing 1-year period	90.16%	82.45%	+7.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	96.42%	85.15%	+11.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	96.42%	85.15%	+11.27%

CRWL vs. ASMG - Expense Ratio Comparison

CRWL has a 1.50% expense ratio, which is higher than ASMG's 0.75% expense ratio.

Dividends

CRWL vs. ASMG - Dividend Comparison

CRWL has not paid dividends to shareholders, while ASMG's dividend yield for the trailing twelve months is around 5.50%.

Position	TTM	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	5.50%	11.20%
CRWL GraniteShares 2x Long CRWD Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both CRWL and ASMG in my portfolio?

CRWL and ASMG have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRWL or ASMG?

CRWL has higher volatility (36.94%) compared to ASMG (30.54%). In terms of maximum drawdown, CRWL dropped -64.99% vs ASMG's -43.95%.

Which ETF is better, CRWL or ASMG?

On 1-year performance, ASMG leads with 264.18% vs 42.83% for CRWL. On fees, ASMG is cheaper at 0.75% per year. On volatility, ASMG has been the lower-risk option at 30.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CRWL or ASMG?

Over the 1-year period, ASMG has performed better with a 264.18% return vs 42.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CRWL or ASMG?

ASMG is cheaper with a 0.75% expense ratio, compared with 1.50% for CRWL.

Which ETF pays a higher dividend yield, CRWL or ASMG?

ASMG has the higher dividend yield at 5.50%, compared with 0.00% for CRWL.

What is the main difference between CRWL and ASMG?

They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.50% for CRWL and 0.75% for ASMG.

Which has better risk-adjusted returns?

ASMG currently has the higher Sharpe Ratio (3.23 vs 0.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.