RETL vs. CRWG

Last updated Jun 3, 2026

RETL (Direxion Daily Retail Bull 3X Shares) and CRWG (Leverage Shares 2X Long CRWV Daily ETF) are both Leveraged Equities funds. RETL is passively managed, while CRWG is actively managed. At a 0.17 correlation, their price movements are largely independent. RETL charges 0.99%/yr vs 0.75%/yr for CRWG.

Performance

RETL vs. CRWG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Retail Bull 3X Shares (RETL) 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, RETL achieves a -12.88% return, which is significantly lower than CRWG's 78.97% return.

RETL

• 1D: 1.39%
• 1M: -8.46%
• YTD: -12.88%
• 6M: -10.06%
• 1Y: 8.48%
• 3Y*: 12.96%
• 5Y*: -28.26%
• 10Y*: -5.53%

CRWG

• 1D: -8.89%
• 1M: -7.44%
• YTD: 78.97%
• 6M: 43.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RETL vs. CRWG - Yearly Performance Comparison

	2026 (YTD)	2025
RETL Direxion Daily Retail Bull 3X Shares	-12.88%	6.84%
CRWG Leverage Shares 2X Long CRWV Daily ETF	78.97%	-83.24%

Correlation

The correlation between RETL and CRWG is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 12, 2025	0.17

Return for Risk

RETL vs. CRWG — Risk / Return Rank

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

RETL

RETL Risk / Return Rank: 12
RETL Sharpe Ratio Rank: 11
RETL Sortino Ratio Rank: 14
RETL Omega Ratio Rank: 13
RETL Calmar Ratio Rank: 11
RETL Martin Ratio Rank: 11

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.

RETL vs. CRWG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Retail Bull 3X Shares (RETL) 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.

	RETL	CRWG	Difference
Sharpe ratio Return per unit of total volatility	0.14	—	—
Sortino ratio Return per unit of downside risk	0.65	—	—
Omega ratio Gain probability vs. loss probability	1.07	—	—
Calmar ratio Return relative to maximum drawdown	0.26	—	—
Martin ratio Return relative to average drawdown	0.55	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	RETL	CRWG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.14	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.36	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	-0.41	+0.61

Drawdowns

RETL vs. CRWG - Drawdown Comparison

The maximum RETL drawdown since its inception was -92.00%, roughly equal to the maximum CRWG drawdown of -89.42%. Use the drawdown chart below to compare losses from any high point for RETL and CRWG.

Drawdown Indicators

	RETL	CRWG	Difference
Max Drawdown Largest peak-to-trough decline	-92.00%	-89.42%	-2.58%
Max Drawdown (1Y) Largest decline over 1 year	-38.08%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-62.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-92.00%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-92.00%	—	—
Current Drawdown Current decline from peak	-85.04%	-73.26%	-11.78%
Average Drawdown Average peak-to-trough decline	-37.54%	-68.49%	+30.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.11%	—	—

Volatility

Volatility by Period

	RETL	CRWG	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	40.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	60.15%	191.55%	-131.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.51%	191.55%	-112.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.76%	191.55%	-111.79%

RETL vs. CRWG - Expense Ratio Comparison

RETL has a 0.99% expense ratio, which is higher than CRWG's 0.75% expense ratio.

Dividends

RETL vs. CRWG - Dividend Comparison

RETL's dividend yield for the trailing twelve months is around 0.59%, less than CRWG's 4.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CRWG Leverage Shares 2X Long CRWV Daily ETF	4.13%	7.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RETL Direxion Daily Retail Bull 3X Shares	0.59%	0.58%	1.13%	1.35%	0.71%	0.22%	0.19%	0.92%	1.19%	0.01%	2.60%

Frequently Asked Questions

Can I hold both RETL and CRWG in my portfolio?

RETL and CRWG have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RETL or CRWG?

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.

Which ETF is cheaper, RETL or CRWG?

CRWG is cheaper with a 0.75% expense ratio, compared with 0.99% for RETL.

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

CRWG has the higher dividend yield at 4.13%, compared with 0.59% for RETL.

What is the main difference between RETL and CRWG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.99% for RETL and 0.75% for CRWG.