MPG vs. CRWG

Last updated Jul 18, 2026

MPG (Leverage Shares 2X Long MP Daily ETF) and CRWG (Leverage Shares 2X Long CRWV Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. A 0.53 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

MPG vs. CRWG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long MP Daily ETF (MPG) and Leverage Shares 2X Long CRWV Daily ETF (CRWG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MPG achieves a -44.00% return, which is significantly lower than CRWG's -39.74% return.

MPG

• 1D: -1.16%
• 1M: -46.65%
• 6M: -68.86%
• YTD: -44.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CRWG

• 1D: 0.74%
• 1M: -62.61%
• 6M: -68.72%
• YTD: -39.74%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MPG vs. CRWG - Yearly Performance Comparison

	2026 (YTD)	2025
MPG Leverage Shares 2X Long MP Daily ETF	-44.00%	-49.37%
CRWG Leverage Shares 2X Long CRWV Daily ETF	-39.74%	-76.22%

Correlation

The correlation between MPG and CRWG is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025	0.53

Return for Risk

MPG vs. CRWG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long MP Daily ETF (MPG) and Leverage Shares 2X Long CRWV Daily ETF (CRWG). 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.

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

Drawdowns

MPG vs. CRWG - Drawdown Comparison

The maximum MPG drawdown since its inception was -71.65%, smaller than the maximum CRWG drawdown of -91.06%. Use the drawdown chart below to compare losses from any high point for MPG and CRWG.

Drawdown Indicators

	MPG	CRWG	Difference
Max Drawdown Largest peak-to-trough decline	-71.65%	-91.06%	+19.41%
Current Drawdown Current decline from peak	-71.65%	-91.00%	+19.35%
Average Drawdown Average peak-to-trough decline	-37.87%	-70.15%	+32.28%

Volatility

Volatility by Period

	MPG	CRWG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	144.65%	187.70%	-43.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	144.65%	187.70%	-43.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	144.65%	187.70%	-43.05%

MPG vs. CRWG - Expense Ratio Comparison

Both MPG and CRWG have an expense ratio of 0.75%.

Dividends

MPG vs. CRWG - Dividend Comparison

MPG has not paid dividends to shareholders, while CRWG's dividend yield for the trailing twelve months is around 12.27%.

Position	TTM	2025
CRWG Leverage Shares 2X Long CRWV Daily ETF	12.27%	7.39%
MPG Leverage Shares 2X Long MP Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both MPG and CRWG in my portfolio?

MPG and CRWG have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MPG or CRWG?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MPG or CRWG?

MPG and CRWG have the same expense ratio: 0.75% per year.

Which ETF pays a higher dividend yield, MPG or CRWG?

CRWG has the higher dividend yield at 12.27%, compared with 0.00% for MPG.