MSTP vs. CRMG
MSTP (GraniteShares 2x Long MSTR Daily ETF) and CRMG (Leverage Shares 2X Long CRM Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, MSTP returned -96.14% vs -73.99% for CRMG. At a 0.14 correlation, their price movements are largely independent. MSTP charges 1.50%/yr vs 0.75%/yr for CRMG.
Performance
MSTP vs. CRMG - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with MSTP having a -69.31% return and CRMG slightly lower at -71.26%.
MSTP
- 1D
- -9.68%
- 1M
- -60.57%
- YTD
- -69.31%
- 6M
- -71.78%
- 1Y
- -96.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRMG
- 1D
- 4.23%
- 1M
- -29.64%
- YTD
- -71.26%
- 6M
- -71.01%
- 1Y
- -73.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTP vs. CRMG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSTP GraniteShares 2x Long MSTR Daily ETF | -69.31% | -89.07% |
CRMG Leverage Shares 2X Long CRM Daily ETF | -71.26% | -15.63% |
Correlation
The correlation between MSTP and CRMG is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2025 | 0.14 |
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Return for Risk
MSTP vs. CRMG — Risk / Return Rank
MSTP
CRMG
MSTP vs. CRMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long MSTR Daily ETF (MSTP) 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.
| MSTP | CRMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 0.79 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | -0.97 | -0.02 |
| Martin ratioReturn relative to average drawdown | -1.24 | -1.70 | +0.46 |
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Drawdowns
MSTP vs. CRMG - Drawdown Comparison
The maximum MSTP drawdown since its inception was -97.39%, which is greater than CRMG's maximum drawdown of -79.83%. Use the drawdown chart below to compare losses from any high point for MSTP and CRMG.
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Drawdown Indicators
| MSTP | CRMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.39% | -79.83% | -17.56% |
Max Drawdown (1Y)Largest decline over 1 year | -97.39% | -76.80% | -20.59% |
Current DrawdownCurrent decline from peak | -97.39% | -78.97% | -18.42% |
Average DrawdownAverage peak-to-trough decline | -69.72% | -39.18% | -30.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 77.44% | 43.41% | +34.03% |
Volatility
MSTP vs. CRMG - Volatility Comparison
GraniteShares 2x Long MSTR Daily ETF (MSTP) has a higher volatility of 44.19% compared to Leverage Shares 2X Long CRM Daily ETF (CRMG) at 32.53%. This indicates that MSTP's price experiences larger fluctuations and is considered to be riskier than CRMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSTP | CRMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 44.19% | 32.53% | +11.66% |
Volatility (6M)Calculated over the trailing 6-month period | 115.53% | 63.74% | +51.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 143.94% | 76.12% | +67.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 141.80% | 75.39% | +66.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 141.80% | 75.39% | +66.41% |
MSTP vs. CRMG - Expense Ratio Comparison
MSTP has a 1.50% expense ratio, which is higher than CRMG's 0.75% expense ratio.
Dividends
MSTP vs. CRMG - Dividend Comparison
Neither MSTP nor CRMG has paid dividends to shareholders.
Frequently Asked Questions
MSTP and CRMG have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTP has higher volatility (44.19%) compared to CRMG (32.53%). In terms of maximum drawdown, MSTP dropped -97.39% vs CRMG's -79.83%.
On 1-year performance, CRMG leads with -73.99% vs -96.14% for MSTP. On fees, CRMG is cheaper at 0.75% per year. On volatility, CRMG has been the lower-risk option at 32.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CRMG has performed better with a -73.99% return vs -96.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CRMG is cheaper with a 0.75% expense ratio, compared with 1.50% for MSTP.
MSTP and CRMG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.50% for MSTP and 0.75% for CRMG.
MSTP currently has the higher Sharpe Ratio (-0.67 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.
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