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Launched

Leverage Shares 2x Long CRCL Daily ETF

CRCGNasdaqLeverageSharesBThis 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.

$6.88−0.54 (−7.28%)

As of Nov 10, 2026, 11:25 AM ET

B63/ 100

Rank 26 of 367 in Single-Stock Long Leveraged

B63/100Rank 26 of 367inSingle-Stock Long Leveraged
Intraday session: down, 24 prints from 7.42 to 6.88. Range 6.71 to 7.39. Use the arrow keys to read each point.6.807.007.2010 AM12 PM2 PM4 PM
Expense ratio
0.78%
Fund size
$76M
1Y total return
−85.1%
Yield · Last 12 months
No data
Holdings
7
Avg volume · 30D
3.24M sh
52W range
low $6.72high $60.50
Launched

The ETF.net CRCG Grade

Based on 5 of 6 pillars

B

Score 63 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
26 of 367
Six-pillar profile for CRCG. Scores out of 100: Cost 61, Risk 44, Mission 96, Tradability 89, Holdings not scored, Durability 66. Strongest: Mission (96). Weakest: Risk (44). 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.
    B61 out of 100
    Rank 135 of 367

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A96 out of 100
    Rank 29 of 143

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C44 out of 100
    Rank 195 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A89 out of 100
    Rank 21 of 367

  • 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.
    B66 out of 100
    Rank 79 of 367

Our read on CRCG

ETF.net Research

In short

BTwo times the daily move in Circle, the listed issuer of the USDC stablecoin, wrapped as a regular ETF: no margin account, no margin calls. The fee runs 0.78%, under the single-stock leverage crowd.

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

  • 0.78% a year, below the typical single-stock leveraged fund and in line with Leverage Shares siblings TSMG (0.76%) and UNHG (0.77%). No fee waiver propping that number up.
  • Hews closely to its stated 200% daily target, one of the tighter implementations among the hundreds of leveraged single-stock funds.
  • A 1940 Act fund using swaps: issuer materials cite no margin calls and losses capped at the amount invested, unlike running the same bet in a margin account.leverageshares.com
  • Trades actively through the session, which matters for a tool built to be used in short stretches.

Worth knowing

  • Leverage resets every day. Hold through choppy weeks and the result can wander well away from double Circle's move over that stretch.leverageshares.comleverageshares.com 2
  • One stock, doubled, and a young one: Circle listed in June 2025, so there is little history on how wide its swings run. Sits at the volatile end of the ETF universe.cnbc.com
  • Not an income vehicle: no distributions paid, and the fund itself only launched in August 2025.globenewswire.com

CRCG Holdings

Asset class
Stocks
Holdings
7
Top-10 weight
208%
Largest holding
Circle Internet Group Swap - L - Clearstreet115.4%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataCircle Internet Group Swap - L - Clearstreet115.44%1,293,648$87.8M1
2No dataCircle Internet Group Swap - L - Marex44.90%503,150$34.2M1
3No dataCircle Internet Group Swap - L - Cantor13.19%147,850$10M1
4No dataCircle Internet Group Swap - L - Jane Street11.72%131,300$8.91M1
5No dataCircle Internet Group-Swap-Hsbc-L8.04%90,100$6.12M1
6No dataFirst American Treasury Obligations Fund 01/01/20407.86%5,978,351$5.98M114
7No dataCircle Internet Group-Swap-Nbcb-L6.74%75,500$5.12M1

Showing 1–7 of 7 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$1,487
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. CRCG $1,487. SPY $11,339. Use the arrow keys to read each point.$5,000$10,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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−71.5%
1 month−40.2%
3 months−17.6%
1 year−85.1%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−71.5%
2025−83.2%

Since listing, Aug 11, 2025

CRCG in the news

CRCG Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

CRCG Risk

Risk pillarC44 out of 100Rank 195 of 363 in Single-Stock Long Leveraged

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.
169.7%
Annualised · 14 months to Oct 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.
−0.36
vs 3-month T-bills · 14 months to Oct 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.

FMP measures it over up to five years of monthly returns.

CRCG Cost

Compare CRCG and GOGL

Overpaying vs GOGL, tied cheapest in Single-Stock Long Leveraged

$10,847

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CRCG 0.78%

    $15,002

  • GOGL 0.20% Tied cheapest

    $4,155

$10,000
30 years

Cost over time

  • CRCG 0.78%
  • GOGL 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530CRCG $15,002GOGL $4,155

Year by year

YearCRCGGOGLOverpaying
10$1,388$365$1,023
20$5,268$1,421$3,847
30$15,002$4,155$10,847

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