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CRWG

GradeBNASDAQ Global Market

Leverage Shares 2x Long CRWV 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.

$18.74+0.54 (+2.97%)

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

History starts Aug 11, 2025.
Intraday session: up, 59 prints from 18.20 to 18.74. Range 18.21 to 19.54. Use the arrow keys to read each point.$18.50$19.00$19.5010 AM12 PM2 PM4 PM
Expense ratio
0.75%
Fund size
$158M
1Y return
−85.1%
Yield · Last 12 months
Data unavailable
Holdings
6
Volume · 30D
1.6M sh
NAV per share
$17.66
52W range
low $10.66high $165.95

The ETF.net CRWG Grade

B

63/ 100

Rank 28 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for CRWG. Scores out of 100: Cost 67, Risk 31, Mission 96, Tradability 88, Holdings not scored, Durability 67. Strongest: Mission (96). Weakest: Risk (31). 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 rank114/380 · top 30%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 96
    Category rank40/147 · top 27%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 31
    Category rank228/285 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 88
    Category rank25/380 · top 7%

  • 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 rank79/380 · top 21%

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

Our read on CRWG

ETF.net Research

BDouble-strength CoreWeave. CRWG aims for 200% of the AI data-center name's daily move, reset every session, at 0.75% a year, a cheaper sticker than most 2x single-stock funds carry.

Stated mandate

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

Why people hold it

  1. 01The mandate is one line: 200% of CoreWeave's daily performance before fees. No basket, no hedging overlay, no manager discretion to second-guess.leverageshares.com
  2. 020.75% a year sits below the typical fee in the 2x single-stock crowd, and matches Leverage Shares stablemates like AMDG and ASMG rather than the pricier Direxion 2x sleeve.
  3. 03It has hewed closely to its stated daily 2x target, which is the entire job for a daily-reset product, and it changes hands actively enough to work intraday.
  4. 04One of the stronger implementations in a crowded field of bullish 2x single-stock ETFs, on a fee-plus-tracking basis.

Worth knowing

  1. 01The 2x goal applies to one day only. Over longer stretches returns compound off each day's new base, so results can diverge widely from twice CoreWeave's move, especially in choppy tape.leverageshares.com
  2. 02Leverage stacked on a single AI infrastructure stock means outsized drawdowns are designed in. There is no diversification anywhere in the wrapper to soften a bad day.
  3. 03Launched in 2025, so the track record is short. Distributions come annually or semiannually; this is a directional trading vehicle, not an income sleeve.

CRWG Holdings

As of Sep 21, 2026, 6:58 PM
Asset class
Stocks
Holdings
6
Top-10 weight
201%
Largest holding
COREWEAVE INC SWAP - L - CLEARSTREET105.3%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—COREWEAVE INC SWAP - L - CLEARSTREET105.35%1,469,679$129M1
002—COREWEAVE INC SWAP - L - MAREX46.35%646,655$57M1
003—COREWEAVE INC SWAP - L - CANTOR23.43%326,885$29M1
004—COREWEAVE, INC.-SWAP-JNST-L14.98%208,913$18M1
005—COREWEAVE, INC.-SWAP-NBCB-L9.90%138,100$12M1
006—First American Treasury Obligations Fund 01/01/20401.27%1,551,198$2M147

Showing 1–6 of 6 holdings

CRWG Performance

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

CRWG$1,492
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. CRWG $1,492. SPY $11,723. Use the arrow keys to read each point.$16$6,324$12,632Sep 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 CRWG. Periods over one year show the average yearly return.
PeriodCRWG
Year to date−32.8%
1 month−7.5%
3 months−54.9%
1 year−85.1%
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 CRWG
YearReturn barCRWG
2026 YTD−32.8%
2025−83.2%

Since listing, Aug 11, 2025

CRWG in the news

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

CRWG Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$2.00 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $2.00. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Jan 2, 2026$2.00

CRWG 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.
174.0%
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.
0.03
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.
−94.0%
13 months · trough Jul 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.
8.68
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.

CRWG 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.

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