NVDU vs. CRMG

Last updated Jul 17, 2026

NVDU (Direxion Daily NVDA Bull 2X Shares ETF) and CRMG (Leverage Shares 2X Long CRM Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, NVDU returned 15.65% vs -65.86% for CRMG. At a 0.11 correlation, their price movements are largely independent. NVDU charges 1.04%/yr vs 0.75%/yr for CRMG.

Performance

NVDU vs. CRMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily NVDA Bull 2X Shares ETF (NVDU) 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, NVDU achieves a 8.46% return, which is significantly higher than CRMG's -64.33% return.

NVDU

• 1D: -4.89%
• 1M: -2.03%
• 6M: 8.26%
• YTD: 8.46%
• 1Y: 15.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CRMG

• 1D: 6.77%
• 1M: 10.88%
• 6M: -53.43%
• YTD: -64.33%
• 1Y: -65.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NVDU vs. CRMG - Yearly Performance Comparison

	2026 (YTD)	2025
NVDU Direxion Daily NVDA Bull 2X Shares ETF	8.46%	172.38%
CRMG Leverage Shares 2X Long CRM Daily ETF	-64.33%	-0.29%

Correlation

The correlation between NVDU and CRMG is -0.01, 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	-0.01
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025	0.11

The correlation between NVDU and CRMG shifts across timeframes, from -0.01 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.

Return for Risk

NVDU vs. CRMG — Risk / Return Rank

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

NVDU

NVDU Risk / Return Rank: 15
NVDU Sharpe Ratio Rank: 13
NVDU Sortino Ratio Rank: 18
NVDU Omega Ratio Rank: 17
NVDU Calmar Ratio Rank: 14
NVDU Martin Ratio Rank: 14

CRMG

CRMG Risk / Return Rank: 2
CRMG Sharpe Ratio Rank: 3
CRMG Sortino Ratio Rank: 2
CRMG Omega Ratio Rank: 3
CRMG Calmar Ratio Rank: 2
CRMG Martin Ratio Rank: 1

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.

NVDU vs. CRMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NVDA Bull 2X Shares ETF (NVDU) 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.

	NVDU	CRMG	Difference
Sharpe ratio: Return per unit of total volatility	0.22	-0.85	+1.07
Sortino ratio: Return per unit of downside risk	0.82	-1.33	+2.15
Omega ratio: Gain probability vs. loss probability	1.09	0.85	+0.25
Calmar ratio: Return relative to maximum drawdown	0.37	-0.87	+1.24
Martin ratio: Return relative to average drawdown	0.76	-1.45	+2.21

NVDU vs. CRMG - Sharpe Ratio Comparison

The current NVDU Sharpe Ratio is 0.22, which is higher than the CRMG Sharpe Ratio of -0.85. The chart below compares the historical Sharpe Ratios of NVDU 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

NVDU vs. CRMG - Drawdown Comparison

The maximum NVDU drawdown since its inception was -67.27%, smaller than the maximum CRMG drawdown of -79.83%. Use the drawdown chart below to compare losses from any high point for NVDU and CRMG.

Drawdown Indicators

	NVDU	CRMG	Difference
Max Drawdown Largest peak-to-trough decline	-67.27%	-79.83%	+12.56%
Max Drawdown (1Y) Largest decline over 1 year	-42.27%	-75.82%	+33.55%
Current Drawdown Current decline from peak	-26.13%	-73.90%	+47.77%
Average Drawdown Average peak-to-trough decline	-19.16%	-41.04%	+21.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.73%	45.39%	-24.66%

Volatility

NVDU vs. CRMG - Volatility Comparison

Direxion Daily NVDA Bull 2X Shares ETF (NVDU) and Leverage Shares 2X Long CRM Daily ETF (CRMG) have volatilities of 22.33% and 23.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDU	CRMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.33%	23.42%	-1.09%
Volatility (6M) Calculated over the trailing 6-month period	55.02%	64.24%	-9.22%
Volatility (1Y) Calculated over the trailing 1-year period	71.10%	77.97%	-6.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.66%	75.77%	+14.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.66%	75.77%	+14.89%

NVDU vs. CRMG - Expense Ratio Comparison

NVDU has a 1.04% expense ratio, which is higher than CRMG's 0.75% expense ratio.

Dividends

NVDU vs. CRMG - Dividend Comparison

NVDU's dividend yield for the trailing twelve months is around 5.44%, while CRMG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
CRMG Leverage Shares 2X Long CRM Daily ETF	0.00%	0.00%	0.00%	0.00%
NVDU Direxion Daily NVDA Bull 2X Shares ETF	5.44%	5.68%	16.85%	0.63%

Frequently Asked Questions

Can I hold both NVDU and CRMG in my portfolio?

NVDU and CRMG have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVDU or CRMG?

CRMG has higher volatility (23.42%) compared to NVDU (22.33%). In terms of maximum drawdown, NVDU dropped -67.27% vs CRMG's -79.83%.

Which ETF is better, NVDU or CRMG?

On 1-year performance, NVDU leads with 15.65% vs -65.86% for CRMG. On fees, CRMG is cheaper at 0.75% per year. On volatility, NVDU has been the lower-risk option at 22.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVDU or CRMG?

Over the 1-year period, NVDU has performed better with a 15.65% return vs -65.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVDU or CRMG?

CRMG is cheaper with a 0.75% expense ratio, compared with 1.04% for NVDU.

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

NVDU has the higher dividend yield at 5.44%, compared with 0.00% for CRMG.

What is the main difference between NVDU and CRMG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.04% for NVDU and 0.75% for CRMG.

Which has better risk-adjusted returns?

NVDU currently has the higher Sharpe Ratio (0.22 vs -0.85), 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.