CWVX vs. ADBG

Last updated Jul 14, 2026

CWVX (Tradr 2X Long CRWV Daily ETF) and ADBG (Leverage Shares 2X Long ADBE Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, CWVX returned -82.51% vs -69.16% for ADBG. At a correlation of -0.05, they often move in opposite directions. CWVX charges 1.30%/yr vs 0.75%/yr for ADBG.

Performance

CWVX vs. ADBG - Performance Comparison

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

Returns By Period

In the year-to-date period, CWVX achieves a -19.20% return, which is significantly higher than ADBG's -63.31% return.

CWVX

• 1D: -12.22%
• 1M: -36.09%
• 6M: -47.33%
• YTD: -19.20%
• 1Y: -82.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ADBG

• 1D: 6.23%
• 1M: 25.00%
• 6M: -57.82%
• YTD: -63.31%
• 1Y: -69.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CWVX vs. ADBG - Yearly Performance Comparison

	2026 (YTD)	2025
CWVX Tradr 2X Long CRWV Daily ETF	-19.20%	-81.40%
ADBG Leverage Shares 2X Long ADBE Daily ETF	-63.31%	-19.65%

Correlation

The correlation between CWVX and ADBG is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	-0.05

Return for Risk

CWVX vs. ADBG — Risk / Return Rank

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

CWVX

CWVX Risk / Return Rank: 5
CWVX Sharpe Ratio Rank: 5
CWVX Sortino Ratio Rank: 8
CWVX Omega Ratio Rank: 8
CWVX Calmar Ratio Rank: 1
CWVX Martin Ratio Rank: 3

ADBG

ADBG Risk / Return Rank: 1
ADBG Sharpe Ratio Rank: 2
ADBG Sortino Ratio Rank: 1
ADBG Omega Ratio Rank: 1
ADBG Calmar Ratio Rank: 2
ADBG Martin Ratio Rank: 1

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.

CWVX vs. ADBG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long CRWV Daily ETF (CWVX) and Leverage Shares 2X Long ADBE Daily ETF (ADBG). 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.

	CWVX	ADBG	Difference
Sharpe ratio: Return per unit of total volatility	-0.44	-0.98	+0.54
Sortino ratio: Return per unit of downside risk	0.03	-1.70	+1.73
Omega ratio: Gain probability vs. loss probability	1.00	0.80	+0.21
Calmar ratio: Return relative to maximum drawdown	-0.93	-0.88	-0.05
Martin ratio: Return relative to average drawdown	-1.19	-1.51	+0.33

CWVX vs. ADBG - Sharpe Ratio Comparison

The current CWVX Sharpe Ratio is -0.44, which is higher than the ADBG Sharpe Ratio of -0.98. The chart below compares the historical Sharpe Ratios of CWVX and ADBG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CWVX vs. ADBG - Drawdown Comparison

The maximum CWVX drawdown since its inception was -89.29%, which is greater than ADBG's maximum drawdown of -84.14%. Use the drawdown chart below to compare losses from any high point for CWVX and ADBG.

Drawdown Indicators

	CWVX	ADBG	Difference
Max Drawdown Largest peak-to-trough decline	-89.29%	-84.14%	-5.15%
Max Drawdown (1Y) Largest decline over 1 year	-89.29%	-78.97%	-10.32%
Current Drawdown Current decline from peak	-87.81%	-77.72%	-10.09%
Average Drawdown Average peak-to-trough decline	-66.04%	-44.55%	-21.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	69.39%	45.66%	+23.73%

Volatility

CWVX vs. ADBG - Volatility Comparison

Tradr 2X Long CRWV Daily ETF (CWVX) has a higher volatility of 52.29% compared to Leverage Shares 2X Long ADBE Daily ETF (ADBG) at 28.99%. This indicates that CWVX's price experiences larger fluctuations and is considered to be riskier than ADBG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CWVX	ADBG	Difference
Volatility (1M) Calculated over the trailing 1-month period	52.29%	28.99%	+23.30%
Volatility (6M) Calculated over the trailing 6-month period	133.72%	61.05%	+72.67%
Volatility (1Y) Calculated over the trailing 1-year period	188.15%	70.76%	+117.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	188.30%	69.07%	+119.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	188.30%	69.07%	+119.23%

CWVX vs. ADBG - Expense Ratio Comparison

CWVX has a 1.30% expense ratio, which is higher than ADBG's 0.75% expense ratio.

Dividends

CWVX vs. ADBG - Dividend Comparison

CWVX's dividend yield for the trailing twelve months is around 2.60%, while ADBG has not paid dividends to shareholders.

Position	TTM	2025
ADBG Leverage Shares 2X Long ADBE Daily ETF	0.00%	0.00%
CWVX Tradr 2X Long CRWV Daily ETF	2.60%	2.10%

Frequently Asked Questions

Can I hold both CWVX and ADBG in my portfolio?

CWVX and ADBG have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CWVX or ADBG?

CWVX has higher volatility (52.29%) compared to ADBG (28.99%). In terms of maximum drawdown, CWVX dropped -89.29% vs ADBG's -84.14%.

Which ETF is better, CWVX or ADBG?

On 1-year performance, ADBG leads with -69.16% vs -82.51% for CWVX. On fees, ADBG is cheaper at 0.75% per year. On volatility, ADBG has been the lower-risk option at 28.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CWVX or ADBG?

Over the 1-year period, ADBG has performed better with a -69.16% return vs -82.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CWVX or ADBG?

ADBG is cheaper with a 0.75% expense ratio, compared with 1.30% for CWVX.

Which ETF pays a higher dividend yield, CWVX or ADBG?

CWVX has the higher dividend yield at 2.60%, compared with 0.00% for ADBG.

What is the main difference between CWVX and ADBG?

They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.30% for CWVX and 0.75% for ADBG.

Which has better risk-adjusted returns?

CWVX currently has the higher Sharpe Ratio (-0.44 vs -0.98), 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.