CWVX vs. ASMG

Last updated Jul 16, 2026

CWVX (Tradr 2X Long CRWV Daily ETF) and ASMG (Leverage Shares 2X Long ASML Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, CWVX returned -87.90% vs 257.39% for ASMG. At a 0.33 correlation, their price movements are largely independent. CWVX charges 1.30%/yr vs 0.75%/yr for ASMG.

Performance

CWVX vs. ASMG - 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 ASML Daily ETF (ASMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CWVX achieves a -31.23% return, which is significantly lower than ASMG's 137.32% return.

CWVX

• 1D: -6.76%
• 1M: -51.73%
• 6M: -54.96%
• YTD: -31.23%
• 1Y: -87.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASMG

• 1D: 4.48%
• 1M: -11.29%
• 6M: 73.43%
• YTD: 137.32%
• 1Y: 257.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CWVX vs. ASMG - Yearly Performance Comparison

	2026 (YTD)	2025
CWVX Tradr 2X Long CRWV Daily ETF	-31.23%	-81.40%
ASMG Leverage Shares 2X Long ASML Daily ETF	137.32%	57.88%

Correlation

The correlation between CWVX and ASMG is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.33

Return for Risk

CWVX vs. ASMG — Risk / Return Rank

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

CWVX

CWVX Risk / Return Rank: 4
CWVX Sharpe Ratio Rank: 5
CWVX Sortino Ratio Rank: 6
CWVX Omega Ratio Rank: 6
CWVX Calmar Ratio Rank: 0
CWVX Martin Ratio Rank: 3

ASMG

ASMG Risk / Return Rank: 88
ASMG Sharpe Ratio Rank: 94
ASMG Sortino Ratio Rank: 81
ASMG Omega Ratio Rank: 74
ASMG Calmar Ratio Rank: 96
ASMG Martin Ratio Rank: 95

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. ASMG - 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 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.

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	ASMG	Difference
Sharpe ratio: Return per unit of total volatility	-0.47	2.83	-3.30
Sortino ratio: Return per unit of downside risk	-0.25	2.89	-3.14
Omega ratio: Gain probability vs. loss probability	0.97	1.35	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.98	7.50	-8.48
Martin ratio: Return relative to average drawdown	-1.26	21.49	-22.75

CWVX vs. ASMG - Sharpe Ratio Comparison

The current CWVX Sharpe Ratio is -0.47, which is lower than the ASMG Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of CWVX 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.

Drawdowns

CWVX vs. ASMG - Drawdown Comparison

The maximum CWVX drawdown since its inception was -89.62%, which is greater than ASMG's maximum drawdown of -43.95%. Use the drawdown chart below to compare losses from any high point for CWVX and ASMG.

Drawdown Indicators

	CWVX	ASMG	Difference
Max Drawdown Largest peak-to-trough decline	-89.62%	-43.95%	-45.67%
Max Drawdown (1Y) Largest decline over 1 year	-89.62%	-34.56%	-55.06%
Current Drawdown Current decline from peak	-89.62%	-17.79%	-71.83%
Average Drawdown Average peak-to-trough decline	-66.22%	-13.07%	-53.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	69.85%	14.55%	+55.30%

Volatility

CWVX vs. ASMG - Volatility Comparison

Tradr 2X Long CRWV Daily ETF (CWVX) has a higher volatility of 51.52% compared to Leverage Shares 2X Long ASML Daily ETF (ASMG) at 37.84%. This indicates that CWVX'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

	CWVX	ASMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	51.52%	37.84%	+13.68%
Volatility (6M) Calculated over the trailing 6-month period	132.06%	73.01%	+59.05%
Volatility (1Y) Calculated over the trailing 1-year period	187.83%	91.62%	+96.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	187.87%	89.25%	+98.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	187.87%	89.25%	+98.62%

CWVX vs. ASMG - Expense Ratio Comparison

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

Dividends

CWVX vs. ASMG - Dividend Comparison

CWVX's dividend yield for the trailing twelve months is around 3.05%, less than ASMG's 4.72% yield.

Position	TTM	2025
ASMG Leverage Shares 2X Long ASML Daily ETF	4.72%	11.20%
CWVX Tradr 2X Long CRWV Daily ETF	3.05%	2.10%

Frequently Asked Questions

Can I hold both CWVX and ASMG in my portfolio?

CWVX and ASMG have a correlation of 0.33, 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 ASMG?

CWVX has higher volatility (51.52%) compared to ASMG (37.84%). In terms of maximum drawdown, CWVX dropped -89.62% vs ASMG's -43.95%.

Which ETF is better, CWVX or ASMG?

On 1-year performance, ASMG leads with 257.39% vs -87.90% for CWVX. On fees, ASMG is cheaper at 0.75% per year. On volatility, ASMG has been the lower-risk option at 37.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CWVX or ASMG?

Over the 1-year period, ASMG has performed better with a 257.39% return vs -87.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CWVX or ASMG?

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

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

ASMG has the higher dividend yield at 4.72%, compared with 3.05% for CWVX.

What is the main difference between CWVX and ASMG?

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

Which has better risk-adjusted returns?

ASMG currently has the higher Sharpe Ratio (2.83 vs -0.47), 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.