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PDDL vs. CRWG
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

PDDL vs. CRWG - Performance Comparison

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

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Returns By Period

The year-to-date returns for both investments are quite close, with PDDL having a -48.41% return and CRWG slightly higher at -46.53%.


PDDL

1D
3.01%
1M
13.21%
6M
-34.07%
YTD
-48.41%
1Y
-48.91%
3Y*
5Y*
10Y*
ALL TIME*
-42.28%

CRWG

1D
-5.79%
1M
-30.60%
6M
-66.14%
YTD
-46.53%
1Y
3Y*
5Y*
10Y*
ALL TIME*
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison


PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)
$26.24M$26.54M$50.36M
$308.86K$338.46K$731.85K

PDDL vs. CRWG - Yearly Performance Comparison


2026 (YTD)2025
PDDL
GraniteShares 2x Long PDD Daily ETF
-48.41%-8.11%
CRWG
Leverage Shares 2X Long CRWV Daily ETF
-46.53%-81.81%

Correlation

The correlation between PDDL and CRWG is 0.22, which is low. Their historical price movements had little consistent relationship.


Correlation
Correlation (All Time)
Calculated using the full available price history since Aug 11, 2025

0.22

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Return for Risk

PDDL vs. CRWG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PDDL
PDDL Risk / Return Rank: 33
Overall Rank
PDDL Sharpe Ratio Rank: 33
Sharpe Ratio Rank
PDDL Sortino Ratio Rank: 33
Sortino Ratio Rank
PDDL Omega Ratio Rank: 33
Omega Ratio Rank
PDDL Calmar Ratio Rank: 44
Calmar Ratio Rank
PDDL Martin Ratio Rank: 33
Martin Ratio Rank

CRWG

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PDDL vs. CRWG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long PDD Daily ETF (PDDL) 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.


PDDLCRWGDifference
Sharpe ratioReturn per unit of total volatility

Sortino ratioReturn per unit of downside risk

Omega ratioGain probability vs. loss probability

0.88

Calmar ratioReturn relative to maximum drawdown

-0.69

Martin ratioReturn relative to average drawdown

-1.18

PDDL vs. CRWG - Sharpe Ratio Comparison


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Drawdowns

PDDL vs. CRWG - Drawdown Comparison

The maximum PDDL drawdown since its inception was -76.06%, smaller than the maximum CRWG drawdown of -94.04%. Use the drawdown chart below to compare losses from any high point for PDDL and CRWG.


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Drawdown Indicators


PDDLCRWGDifference

Max Drawdown

Largest peak-to-trough decline

-76.06%

-94.04%

+17.98%

Max Drawdown (1Y)

Largest decline over 1 year

-76.06%

Current Drawdown

Current decline from peak

-66.24%

-92.01%

+25.77%

Average Drawdown

Average peak-to-trough decline

-35.54%

-71.01%

+35.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

44.12%

Volatility

PDDL vs. CRWG - Volatility Comparison


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Volatility by Period


PDDLCRWGDifference

Volatility (1M)

Calculated over the trailing 1-month period

15.94%

Volatility (6M)

Calculated over the trailing 6-month period

53.11%

Volatility (1Y)

Calculated over the trailing 1-year period

67.64%

192.54%

-124.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

67.30%

192.54%

-125.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

67.30%

192.54%

-125.24%

PDDL vs. CRWG - Expense Ratio Comparison

PDDL has a 1.50% expense ratio, which is higher than CRWG's 0.75% expense ratio.


Dividends

PDDL vs. CRWG - Dividend Comparison

PDDL's dividend yield for the trailing twelve months is around 0.65%, less than CRWG's 13.83% yield.


Frequently Asked Questions


PDDL and CRWG have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CRWG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CRWG is cheaper with a 0.75% expense ratio, compared with 1.50% for PDDL.

CRWG has the higher dividend yield at 13.83%, compared with 0.65% for PDDL.

They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.50% for PDDL and 0.75% for CRWG.

Portfolio Optimizer

Find the right allocation for PDDL and CRWG

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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