DUSL vs. CRMG

Last updated Jun 24, 2026

DUSL (Direxion Daily Industrials Bull 3X Shares) and CRMG (Leverage Shares 2X Long CRM Daily ETF) are both Leveraged Equities funds. DUSL is passively managed, while CRMG is actively managed. Over the past year, DUSL returned 65.16% vs -73.99% for CRMG. At a 0.08 correlation, their price movements are largely independent. DUSL charges 1.01%/yr vs 0.75%/yr for CRMG.

Performance

DUSL vs. CRMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Industrials Bull 3X Shares (DUSL) and Leverage Shares 2X Long CRM Daily ETF (CRMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DUSL achieves a 38.51% return, which is significantly higher than CRMG's -71.26% return.

DUSL

• 1D: -6.26%
• 1M: 9.86%
• YTD: 38.51%
• 6M: 33.48%
• 1Y: 65.16%
• 3Y*: 47.94%
• 5Y*: 21.28%
• 10Y*: —

CRMG

• 1D: 4.23%
• 1M: -29.64%
• YTD: -71.26%
• 6M: -71.01%
• 1Y: -73.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DUSL vs. CRMG - Yearly Performance Comparison

	2026 (YTD)	2025
DUSL Direxion Daily Industrials Bull 3X Shares	38.51%	66.29%
CRMG Leverage Shares 2X Long CRM Daily ETF	-71.26%	-0.29%

Correlation

The correlation between DUSL and CRMG is -0.04, 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	-0.04
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025	0.08

The correlation between DUSL and CRMG shifts across timeframes, from -0.04 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DUSL vs. CRMG — Risk / Return Rank

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

DUSL

DUSL Risk / Return Rank: 39
DUSL Sharpe Ratio Rank: 40
DUSL Sortino Ratio Rank: 38
DUSL Omega Ratio Rank: 36
DUSL Calmar Ratio Rank: 41
DUSL Martin Ratio Rank: 42

CRMG

CRMG Risk / Return Rank: 1
CRMG Sharpe Ratio Rank: 1
CRMG Sortino Ratio Rank: 1
CRMG Omega Ratio Rank: 1
CRMG Calmar Ratio Rank: 1
CRMG Martin Ratio Rank: 0

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.

DUSL vs. CRMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Industrials Bull 3X Shares (DUSL) and Leverage Shares 2X Long CRM Daily ETF (CRMG). 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.

	DUSL	CRMG	Difference
Sharpe ratio: Return per unit of total volatility	1.32	-0.97	+2.30
Sortino ratio: Return per unit of downside risk	1.89	-1.82	+3.71
Omega ratio: Gain probability vs. loss probability	1.23	0.79	+0.44
Calmar ratio: Return relative to maximum drawdown	1.94	-0.97	+2.91
Martin ratio: Return relative to average drawdown	6.38	-1.70	+8.09

DUSL vs. CRMG - Sharpe Ratio Comparison

The current DUSL Sharpe Ratio is 1.32, which is higher than the CRMG Sharpe Ratio of -0.97. The chart below compares the historical Sharpe Ratios of DUSL and CRMG, 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

DUSL vs. CRMG - Drawdown Comparison

The maximum DUSL drawdown since its inception was -85.74%, which is greater than CRMG's maximum drawdown of -79.83%. Use the drawdown chart below to compare losses from any high point for DUSL and CRMG.

Drawdown Indicators

	DUSL	CRMG	Difference
Max Drawdown Largest peak-to-trough decline	-85.74%	-79.83%	-5.91%
Max Drawdown (1Y) Largest decline over 1 year	-33.68%	-76.80%	+43.12%
Max Drawdown (3Y) Largest decline over 3 years	-50.86%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-58.43%	—	—
Current Drawdown Current decline from peak	-7.14%	-78.97%	+71.83%
Average Drawdown Average peak-to-trough decline	-21.92%	-39.18%	+17.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.24%	43.41%	-33.17%

Volatility

DUSL vs. CRMG - Volatility Comparison

The current volatility for Direxion Daily Industrials Bull 3X Shares (DUSL) is 19.06%, while Leverage Shares 2X Long CRM Daily ETF (CRMG) has a volatility of 32.53%. This indicates that DUSL experiences smaller price fluctuations and is considered to be less risky than CRMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DUSL	CRMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.06%	32.53%	-13.47%
Volatility (6M) Calculated over the trailing 6-month period	41.50%	63.74%	-22.24%
Volatility (1Y) Calculated over the trailing 1-year period	49.67%	76.12%	-26.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.90%	75.39%	-22.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.63%	75.39%	-13.76%

DUSL vs. CRMG - Expense Ratio Comparison

DUSL has a 1.01% expense ratio, which is higher than CRMG's 0.75% expense ratio.

Dividends

DUSL vs. CRMG - Dividend Comparison

DUSL's dividend yield for the trailing twelve months is around 8.27%, while CRMG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CRMG Leverage Shares 2X Long CRM Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DUSL Direxion Daily Industrials Bull 3X Shares	8.27%	11.39%	6.61%	1.28%	0.66%	0.07%	0.48%	1.01%	1.46%	0.57%

Frequently Asked Questions

Can I hold both DUSL and CRMG in my portfolio?

DUSL and CRMG have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DUSL or CRMG?

CRMG has higher volatility (32.53%) compared to DUSL (19.06%). In terms of maximum drawdown, DUSL dropped -85.74% vs CRMG's -79.83%.

Which ETF is better, DUSL or CRMG?

On 1-year performance, DUSL leads with 65.16% vs -73.99% for CRMG. On fees, CRMG is cheaper at 0.75% per year. On volatility, DUSL has been the lower-risk option at 19.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DUSL or CRMG?

Over the 1-year period, DUSL has performed better with a 65.16% return vs -73.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DUSL or CRMG?

CRMG is cheaper with a 0.75% expense ratio, compared with 1.01% for DUSL.

Which ETF pays a higher dividend yield, DUSL or CRMG?

DUSL has the higher dividend yield at 8.27%, compared with 0.00% for CRMG.

What is the main difference between DUSL and CRMG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.01% for DUSL and 0.75% for CRMG.

Which has better risk-adjusted returns?

DUSL currently has the higher Sharpe Ratio (1.32 vs -0.97), 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.