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CRCG

GradeBNASDAQ Global Market

Leverage Shares 2x Long CRCL Daily ETF

Leveraged · Single-Stock Leveraged · LeverageShares · Inception 2025-08-11

This 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.

$15.21−0.64 (−4.03%)

As of Sep 23, 2026, 2:20 PM EDT

History starts Aug 11, 2025.
Intraday session: down, 59 prints from 15.85 to 15.21. Range 15.04 to 16.45. Use the arrow keys to read each point.$15.00$15.50$16.00$16.5010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$156M
1Y return
−84.3%
Yield · Last 12 months
—
Holdings
7
Volume · 30D
3.3M sh
NAV per share
$15.82
52W range
low $6.82high $129.80

The ETF.net CRCG Grade

B

63/ 100

Rank 27 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for CRCG. Scores out of 100: Cost 67, Risk 28, Mission 94, Tradability 92, Holdings not scored, Durability 67. Strongest: Mission (94). Weakest: Risk (28). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 63 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 67
    Category rank111/380 · top 29%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 94
    Category rank58/147 · top 39%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 28
    Category rank239/285 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 92
    Category rank12/380 · top 3%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 67
    Category rank78/380 · top 21%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

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 Sep 21, 2026, 6:58 PM
Asset class
Stocks
Holdings
7
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$11M147
006—CIRCLE INTERNET GROUP-SWAP-NBCB-L4.44%82,900$7M1

Showing 1–6 of 6 holdings

CRCG Performance

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

CRCG$1,571
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. CRCG $1,571. SPY $11,723. Use the arrow keys to read each point.$-147$6,249$12,644Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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−39.0%
1 month+4.8%
3 months+6.8%
1 year−84.3%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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−39.0%
2025−83.2%

Since listing, Aug 11, 2025

CRCG in the news

ETF.net Research hasn’t filed on CRCG yet — coverage lands here as it’s written.

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.
180.2%
Annualised · 12 months to Aug 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.
−0.06
vs 3-month T-bills · 12 months to Aug 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%
13 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%

85 of the 329 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.