HDLB vs. CRMU

Last updated Jun 24, 2026

HDLB (ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B) and CRMU (Leverage Shares 2X Long CRML Daily ETF) are both Leveraged Equities funds - HDLB tracks the Solactive US High Dividend Low Volatility (USD)(TR) (200%) while CRMU tracks the Critical Metals Corp. (CRML). Both are passively managed. At a correlation of -0.05, they often move in opposite directions. HDLB charges 1.65%/yr vs 0.75%/yr for CRMU.

Performance

HDLB vs. CRMU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) and Leverage Shares 2X Long CRML Daily ETF (CRMU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HDLB

• 1D: 4.54%
• 1M: -2.98%
• YTD: 12.54%
• 6M: 14.64%
• 1Y: 18.01%
• 3Y*: 28.22%
• 5Y*: 12.53%
• 10Y*: —

CRMU

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

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

HDLB vs. CRMU - Yearly Performance Comparison

	2026 (YTD)
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B	-4.99%
CRMU Leverage Shares 2X Long CRML Daily ETF	-64.46%

Correlation

The correlation between HDLB and CRMU is -0.05, 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 (All Time) Calculated using the full available price history since Feb 10, 2026	-0.05

Return for Risk

HDLB vs. CRMU — Risk / Return Rank

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

HDLB

HDLB Risk / Return Rank: 21
HDLB Sharpe Ratio Rank: 20
HDLB Sortino Ratio Rank: 20
HDLB Omega Ratio Rank: 20
HDLB Calmar Ratio Rank: 24
HDLB Martin Ratio Rank: 22

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.

HDLB vs. CRMU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) 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.

	HDLB	CRMU	Difference
Sharpe ratio: Return per unit of total volatility	0.66	—	—
Sortino ratio: Return per unit of downside risk	1.10	—	—
Omega ratio: Gain probability vs. loss probability	1.13	—	—
Calmar ratio: Return relative to maximum drawdown	1.12	—	—
Martin ratio: Return relative to average drawdown	2.52	—	—

Drawdowns

HDLB vs. CRMU - Drawdown Comparison

The maximum HDLB drawdown since its inception was -78.70%, which is greater than CRMU's maximum drawdown of -73.81%. Use the drawdown chart below to compare losses from any high point for HDLB and CRMU.

Drawdown Indicators

	HDLB	CRMU	Difference
Max Drawdown Largest peak-to-trough decline	-78.70%	-73.81%	-4.89%
Max Drawdown (1Y) Largest decline over 1 year	-16.17%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-43.81%	—	—
Current Drawdown Current decline from peak	-11.92%	-64.46%	+52.54%
Average Drawdown Average peak-to-trough decline	-27.33%	-46.63%	+19.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.15%	—	—

Volatility

Volatility by Period

	HDLB	CRMU	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.49%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.68%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.28%	246.03%	-218.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.69%	246.03%	-215.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.52%	246.03%	-202.51%

HDLB vs. CRMU - Expense Ratio Comparison

HDLB has a 1.65% expense ratio, which is higher than CRMU's 0.75% expense ratio.

Dividends

HDLB vs. CRMU - Dividend Comparison

HDLB's dividend yield for the trailing twelve months is around 11.27%, while CRMU has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CRMU Leverage Shares 2X Long CRML Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B	11.27%	12.20%	10.09%	12.36%	10.86%	8.07%	16.23%	0.97%

Frequently Asked Questions

Can I hold both HDLB and CRMU in my portfolio?

HDLB and CRMU have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HDLB 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, HDLB or CRMU?

CRMU is cheaper with a 0.75% expense ratio, compared with 1.65% for HDLB.

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

HDLB has the higher dividend yield at 11.27%, compared with 0.00% for CRMU.

What is the main difference between HDLB and CRMU?

HDLB tracks Solactive US High Dividend Low Volatility (USD)(TR) (200%), while CRMU tracks Critical Metals Corp. (CRML). They also come from different issuers: UBS and Leverage Shares. Their fees differ too: 1.65% for HDLB and 0.75% for CRMU.