CWVX vs. UPSX
CWVX (Tradr 2X Long CRWV Daily ETF) and UPSX (Tradr 2X Long UPST Daily ETF) are both Leveraged Equities funds from Tradr. Both are actively managed. Over the past year, CWVX returned -82.51% vs -91.32% for UPSX. At a 0.22 correlation, their price movements are largely independent. Both charge a 1.30% expense ratio.
Performance
CWVX vs. UPSX - Performance Comparison
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Returns By Period
In the year-to-date period, CWVX achieves a -19.20% return, which is significantly higher than UPSX's -63.96% return.
CWVX
- 1D
- -12.22%
- 1M
- -36.09%
- 6M
- -47.33%
- YTD
- -19.20%
- 1Y
- -82.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UPSX
- 1D
- -7.13%
- 1M
- 2.23%
- 6M
- -65.70%
- YTD
- -63.96%
- 1Y
- -91.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CWVX vs. UPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CWVX Tradr 2X Long CRWV Daily ETF | -19.20% | -81.40% |
UPSX Tradr 2X Long UPST Daily ETF | -63.96% | -77.95% |
Correlation
The correlation between CWVX and UPSX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025 | 0.22 |
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Return for Risk
CWVX vs. UPSX — Risk / Return Rank
CWVX
UPSX
CWVX vs. UPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long CRWV Daily ETF (CWVX) and Tradr 2X Long UPST Daily ETF (UPSX). 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 | UPSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.84 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | -0.96 | +0.04 |
| Martin ratioReturn relative to average drawdown | -1.19 | -1.17 | -0.02 |
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Drawdowns
CWVX vs. UPSX - Drawdown Comparison
The maximum CWVX drawdown since its inception was -89.29%, smaller than the maximum UPSX drawdown of -95.01%. Use the drawdown chart below to compare losses from any high point for CWVX and UPSX.
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Drawdown Indicators
| CWVX | UPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.29% | -95.01% | +5.72% |
Max Drawdown (1Y)Largest decline over 1 year | -89.29% | -95.01% | +5.72% |
Current DrawdownCurrent decline from peak | -87.81% | -92.90% | +5.09% |
Average DrawdownAverage peak-to-trough decline | -66.04% | -68.29% | +2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 69.39% | 77.79% | -8.40% |
Volatility
CWVX vs. UPSX - Volatility Comparison
Tradr 2X Long CRWV Daily ETF (CWVX) has a higher volatility of 52.29% compared to Tradr 2X Long UPST Daily ETF (UPSX) at 33.31%. This indicates that CWVX's price experiences larger fluctuations and is considered to be riskier than UPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CWVX | UPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 52.29% | 33.31% | +18.98% |
Volatility (6M)Calculated over the trailing 6-month period | 133.72% | 101.18% | +32.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 188.15% | 138.49% | +49.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 188.30% | 139.13% | +49.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 188.30% | 139.13% | +49.17% |
CWVX vs. UPSX - Expense Ratio Comparison
Both CWVX and UPSX have an expense ratio of 1.30%.
Dividends
CWVX vs. UPSX - Dividend Comparison
CWVX's dividend yield for the trailing twelve months is around 2.60%, while UPSX has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
CWVX Tradr 2X Long CRWV Daily ETF | 2.60% | 2.10% |
UPSX Tradr 2X Long UPST Daily ETF | 0.00% | 0.00% |
Frequently Asked Questions
CWVX and UPSX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CWVX has higher volatility (52.29%) compared to UPSX (33.31%). In terms of maximum drawdown, CWVX dropped -89.29% vs UPSX's -95.01%.
On 1-year performance, CWVX leads with -82.51% vs -91.32% for UPSX. Both ETFs have the same 1.30% expense ratio. On volatility, UPSX has been the lower-risk option at 33.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CWVX has performed better with a -82.51% return vs -91.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CWVX and UPSX have the same expense ratio: 1.30% per year.
CWVX has the higher dividend yield at 2.60%, compared with 0.00% for UPSX.
CWVX currently has the higher Sharpe Ratio (-0.44 vs -0.66), 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.
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