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Launched

Leverage Shares 2x Long CRCL Daily ETF

CRCGNasdaqBThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$12.27+0.08 (+0.66%)

At close: Oct 13, 2026, 4:00 PM

B63/ 100

Rank 28 of 380 in Single-Stock Long Leveraged

B63/100Rank 28 of 380inSingle-Stock Long Leveraged
Intraday session: up, 77 prints from 12.19 to 12.27. Range 11.75 to 12.52. Use the arrow keys to read each point.11.8012.0012.4010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$122M
1Y total return
−86.5%
Yield · Last 12 months
—
Holdings
6
Avg volume · 30D
3.4M sh
NAV per share
$12.40
52W range
low $6.82high $106.60
Launched

The ETF.net CRCG Grade

Based on 5 of 6 pillars

B

Score 63 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
28 of 380
Six-pillar profile for CRCG. Scores out of 100: Cost 67, Risk 29, Mission 97, Tradability 91, Holdings not scored, Durability 67. Strongest: Mission (97). Weakest: Risk (29). Based on 5 of 6 pillars.

Score 63 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B67 out of 100
    Rank 87 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A97 out of 100
    Rank 20 of 148

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D29 out of 100
    Rank 289 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A91 out of 100
    Rank 14 of 380

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B67 out of 100
    Rank 78 of 380

Our read on CRCG

ETF.net Research

BA 2x daily play on Circle stock at 0.75% a year, undercutting what most single-stock leveraged funds charge. The leverage resets every session, so it measures days, not years, and it does that job tightly.

Stated mandate

The fund seeks daily investment results equal to 200% of the daily performance of Circle stock, before fees and expenses.

Why people hold it

  1. 01Costs 0.75% a year, under the going rate for single-stock 2x funds, including Direxion's AAPU and GGLL.
  2. 02Hits its stated 200% of Circle's daily move with tight day-to-day fidelity, one of the stronger implementations among leveraged single-stock bull funds.
  3. 03Actively traded, so getting in and out generally doesn't mean fighting a thin book.
  4. 04Built as a regular 1940 Act ETF rather than a bank-issued note.

Worth knowing

  1. 01The daily reset means results over multiple days drift from 2x Circle's move. Choppy stretches can grind the fund down even when the stock ends where it started.
  2. 02Everything rides on one company's share price, doubled. Swings run far larger than a diversified fund's, in both directions.
  3. 03Launched in 2025, so the history is short, and this is a price-exposure tool rather than an income payer.

CRCG Holdings

As of Oct 11, 2026
Asset class
Stocks
Holdings
6
Top-10 weight
207%
Largest holding
Circle Internet Group Swap - L - Clearstreet127.6%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Circle Internet Group Swap - L - Clearstreet127.62%2,385,106$210M1
002—Circle Internet Group Swap - L - Marex41.62%777,750$68M1
003—Circle Internet Group Swap - L - Cantor15.17%283,450$25M1
004—Circle Internet Group Swap - L - Jane Street11.16%208,500$18M1
005—First American Treasury Obligations Fund 01/01/20406.57%10,803,372$11M151
006—Circle Internet Group-Swap-Nbcb-L4.44%82,900$7M1

Showing 1–6 of 6 holdings

CRCG Performance

Launched Aug 11, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
CRCG$1,354
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. CRCG $1,354. SPY $12,044. Use the arrow keys to read each point.$-74$6,442$12,958Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CRCG. Periods over one year show the average yearly return.
PeriodCRCG
Year to date−53.1%
1 month−19.5%
3 months+29.5%
1 year−86.5%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CRCG
YearReturn barCRCG
2026 YTD−53.1%
2025−83.2%

Since listing, Aug 11, 2025

CRCG in the news

Filtered to CRCG · Single-Stock Long Leveraged

CRCG Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

CRCG Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
175.2%
Annualised · 13 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.23
vs 3-month T-bills · 13 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−95.3%
14 months · trough Aug 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.39
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

CRCG Cost

Expense ratio0.75%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

86 of the 333 Single-Stock Long Leveraged funds charge less.

CRCG costs $75.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.

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