CWVX vs. LULG

Last updated Jun 5, 2026

CWVX (Tradr 2X Long CRWV Daily ETF) and LULG (Leverage Shares 2X Long LULU Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.10 correlation, their price movements are largely independent. CWVX charges 1.30%/yr vs 0.75%/yr for LULG.

Performance

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

Returns By Period

In the year-to-date period, CWVX achieves a 48.51% return, which is significantly higher than LULG's -68.58% return.

CWVX

• 1D: -5.31%
• 1M: -33.63%
• YTD: 48.51%
• 6M: -4.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LULG

• 1D: -1.59%
• 1M: -10.00%
• YTD: -68.58%
• 6M: -60.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CWVX vs. LULG - Yearly Performance Comparison

	2026 (YTD)	2025
CWVX Tradr 2X Long CRWV Daily ETF	48.51%	-67.12%
LULG Leverage Shares 2X Long LULU Daily ETF	-68.58%	47.31%

Correlation

The correlation between CWVX and LULG is 0.10, 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 Nov 6, 2025	0.10

Return for Risk

CWVX vs. LULG - 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 LULU Daily ETF (LULG). 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

	CWVX	LULG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.38	-0.87	+0.49

Drawdowns

CWVX vs. LULG - Drawdown Comparison

The maximum CWVX drawdown since its inception was -89.29%, which is greater than LULG's maximum drawdown of -73.18%. Use the drawdown chart below to compare losses from any high point for CWVX and LULG.

Drawdown Indicators

	CWVX	LULG	Difference
Max Drawdown Largest peak-to-trough decline	-89.29%	-73.18%	-16.11%
Current Drawdown Current decline from peak	-77.59%	-70.90%	-6.69%
Average Drawdown Average peak-to-trough decline	-64.46%	-33.71%	-30.75%

Volatility

Volatility by Period

	CWVX	LULG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	190.33%	85.42%	+104.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	190.33%	85.42%	+104.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	190.33%	85.42%	+104.91%

CWVX vs. LULG - Expense Ratio Comparison

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

Dividends

CWVX vs. LULG - Dividend Comparison

CWVX's dividend yield for the trailing twelve months is around 1.41%, while LULG has not paid dividends to shareholders.

Position	TTM	2025
CWVX Tradr 2X Long CRWV Daily ETF	1.41%	2.10%
LULG Leverage Shares 2X Long LULU Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both CWVX and LULG in my portfolio?

CWVX and LULG have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CWVX or LULG?

On fees, LULG 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, CWVX or LULG?

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

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

CWVX has the higher dividend yield at 1.41%, compared with 0.00% for LULG.

What is the main difference between CWVX and LULG?

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