CRWL vs. NBIG

Last updated Jun 23, 2026

CRWL (GraniteShares 2x Long CRWD Daily ETF) and NBIG (Leverage Shares 2X Long NBIS Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.19 correlation, their price movements are largely independent. CRWL charges 1.50%/yr vs 0.75%/yr for NBIG.

Performance

CRWL vs. NBIG - 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 NBIS Daily ETF (NBIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRWL achieves a 64.57% return, which is significantly lower than NBIG's 565.40% return.

CRWL

• 1D: -2.93%
• 1M: -0.90%
• YTD: 64.57%
• 6M: 53.40%
• 1Y: 36.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NBIG

• 1D: -1.88%
• 1M: 60.92%
• YTD: 565.40%
• 6M: 432.96%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRWL vs. NBIG - Yearly Performance Comparison

	2026 (YTD)	2025
CRWL GraniteShares 2x Long CRWD Daily ETF	64.57%	-24.93%
NBIG Leverage Shares 2X Long NBIS Daily ETF	565.40%	-59.80%

Correlation

The correlation between CRWL and NBIG is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025	0.19

Return for Risk

CRWL vs. NBIG — Risk / Return Rank

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

CRWL

CRWL Risk / Return Rank: 17
CRWL Sharpe Ratio Rank: 14
CRWL Sortino Ratio Rank: 22
CRWL Omega Ratio Rank: 22
CRWL Calmar Ratio Rank: 15
CRWL Martin Ratio Rank: 13

NBIG

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

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. NBIG - 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 NBIS Daily ETF (NBIG). 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.

	CRWL	NBIG	Difference
Sharpe ratio: Return per unit of total volatility	0.40	—	—
Sortino ratio: Return per unit of downside risk	1.18	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	0.56	—	—
Martin ratio: Return relative to average drawdown	1.09	—	—

Drawdowns

CRWL vs. NBIG - Drawdown Comparison

The maximum CRWL drawdown since its inception was -64.99%, smaller than the maximum NBIG drawdown of -75.83%. Use the drawdown chart below to compare losses from any high point for CRWL and NBIG.

Drawdown Indicators

	CRWL	NBIG	Difference
Max Drawdown Largest peak-to-trough decline	-64.99%	-75.83%	+10.84%
Max Drawdown (1Y) Largest decline over 1 year	-64.99%	—	—
Current Drawdown Current decline from peak	-27.43%	-1.88%	-25.55%
Average Drawdown Average peak-to-trough decline	-24.73%	-40.91%	+16.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.20%	—	—

Volatility

Volatility by Period

	CRWL	NBIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	75.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	91.28%	199.52%	-108.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	95.90%	199.52%	-103.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	95.90%	199.52%	-103.62%

CRWL vs. NBIG - Expense Ratio Comparison

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

Dividends

CRWL vs. NBIG - Dividend Comparison

Neither CRWL nor NBIG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CRWL and NBIG in my portfolio?

CRWL and NBIG have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CRWL or NBIG?

On fees, NBIG 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, CRWL or NBIG?

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

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

CRWL and NBIG have nearly identical dividend yields, around 0.00%.

What is the main difference between CRWL and NBIG?

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