FNGD vs. CRMU

Last updated Jun 24, 2026

FNGD (MicroSectors FANG+™ Index -3X Inverse Leveraged ETN) and CRMU (Leverage Shares 2X Long CRML Daily ETF) are both Leveraged Equities funds - FNGD tracks the NYSE FANG+ Index (-300%) while CRMU tracks the Critical Metals Corp. (CRML). Both are passively managed. At a correlation of -0.57, they often move in opposite directions. FNGD charges 0.95%/yr vs 0.75%/yr for CRMU.

Performance

FNGD vs. CRMU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and Leverage Shares 2X Long CRML Daily ETF (CRMU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FNGD

• 1D: 7.44%
• 1M: 2.40%
• YTD: -27.13%
• 6M: -23.35%
• 1Y: -49.41%
• 3Y*: -65.49%
• 5Y*: -62.47%
• 10Y*: —

CRMU

• 1D: -13.83%
• 1M: -28.54%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FNGD vs. CRMU - Yearly Performance Comparison

	2026 (YTD)
FNGD MicroSectors FANG+™ Index -3X Inverse Leveraged ETN	-38.75%
CRMU Leverage Shares 2X Long CRML Daily ETF	-64.46%

Correlation

The correlation between FNGD and CRMU is -0.57, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 10, 2026	-0.57

Return for Risk

FNGD vs. CRMU — Risk / Return Rank

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

FNGD

FNGD Risk / Return Rank: 3
FNGD Sharpe Ratio Rank: 3
FNGD Sortino Ratio Rank: 3
FNGD Omega Ratio Rank: 3
FNGD Calmar Ratio Rank: 3
FNGD Martin Ratio Rank: 1

CRMU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

FNGD vs. CRMU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+™ Index -3X Inverse Leveraged ETN (FNGD) and Leverage Shares 2X Long CRML Daily ETF (CRMU). 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.

	FNGD	CRMU	Difference
Sharpe ratio: Return per unit of total volatility	-0.76	—	—
Sortino ratio: Return per unit of downside risk	-1.00	—	—
Omega ratio: Gain probability vs. loss probability	0.89	—	—
Calmar ratio: Return relative to maximum drawdown	-0.75	—	—
Martin ratio: Return relative to average drawdown	-1.52	—	—

Drawdowns

FNGD vs. CRMU - Drawdown Comparison

The maximum FNGD drawdown since its inception was -100.00%, which is greater than CRMU's maximum drawdown of -73.81%. Use the drawdown chart below to compare losses from any high point for FNGD and CRMU.

Drawdown Indicators

	FNGD	CRMU	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-73.81%	-26.19%
Max Drawdown (1Y) Largest decline over 1 year	-65.92%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-97.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-99.67%	—	—
Current Drawdown Current decline from peak	-100.00%	-64.46%	-35.54%
Average Drawdown Average peak-to-trough decline	-87.30%	-46.63%	-40.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.15%	—	—

Volatility

Volatility by Period

	FNGD	CRMU	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	53.22%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	65.50%	246.03%	-180.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	89.67%	246.03%	-156.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.30%	246.03%	-154.73%

FNGD vs. CRMU - Expense Ratio Comparison

FNGD has a 0.95% expense ratio, which is higher than CRMU's 0.75% expense ratio.

Dividends

FNGD vs. CRMU - Dividend Comparison

Neither FNGD nor CRMU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FNGD and CRMU in my portfolio?

FNGD and CRMU have a correlation of -0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FNGD or CRMU?

On fees, CRMU 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, FNGD or CRMU?

CRMU is cheaper with a 0.75% expense ratio, compared with 0.95% for FNGD.

Which ETF pays a higher dividend yield, FNGD or CRMU?

FNGD and CRMU have nearly identical dividend yields, around 0.00%.

What is the main difference between FNGD and CRMU?

FNGD tracks NYSE FANG+ Index (-300%), while CRMU tracks Critical Metals Corp. (CRML). They also come from different issuers: BMO and Leverage Shares. Their fees differ too: 0.95% for FNGD and 0.75% for CRMU.