CRCG vs SPY
Leverage Shares 2X Long CRCL Daily ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CRCG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.78% | 0.09% | |
| AUM | $89M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 6 | 505 | |
| YTD Return | -60.00% | +14.47% | |
| 1Y Return | -91.80% | +21.96% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +13.30% | |
| Volatility (annualized) | 136.2% | 15.3% | |
| Max Drawdown | -95.3% | -56.5% | |
| Fund Family | Leverage Shares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Aug 11, 2025 | Jan 22, 1993 |
CRCG vs SPY Performance
Leverage Shares 2X Long CRCL Daily ETF (CRCG) is a ETF from Leverage Shares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year CRCG returned -91.80% while SPY returned +21.96%. Year to date, CRCG is down 60.00% versus a gain of 14.47% for SPY.
Risk: Volatility and Drawdowns
CRCG has been the more volatile fund, with annualized monthly volatility of 136.2% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -95.3% for CRCG and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.11. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CRCG charges 0.78% per year while SPY charges 0.09%. On a $10,000 position that is $78 vs $9 annually, a gap of $69 per year that compounds over a long holding period. On income, CRCG currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
CRCG and SPY share 0 holdings out of 504 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CRCG or SPY?
CRCG has an expense ratio of 0.78% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $69 per year of difference.
Which performed better, CRCG or SPY?
Over the past year CRCG returned -91.80% vs +21.96% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), CRCG annualized -92.54% vs +8.87% for SPY. Past performance does not guarantee future results.
Which is riskier, CRCG or SPY?
CRCG has been the more volatile fund at 136.2% annualized versus 15.3% for SPY. Worst drawdown: CRCG -95.3% vs SPY -56.5%.
Should I hold both CRCG and SPY?
CRCG and SPY have a monthly-return correlation of 0.11, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CRCG and SPY?
CRCG and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, CRCG or SPY?
CRCG yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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