Share-split context: A reverse split was recorded on May 5, 2026 with coefficient 0.1. A reverse split combines multiple old shares into fewer new shares and mechanically raises the quoted price per share. That mechanical increase does not restore lost investment value. The returns in this report are already split-adjusted, while reverse-split history remains a separate structural warning.

What this ETF is trying to do

CRCG, the LEVERAGE SHARES 2X LONG CRCL DAILY ETF, is an ETF traded on the NASDAQ. This is a leveraged ETF, which means it is designed to aim for twice the daily performance of its target. Because it uses leverage, it is built for different types of market movement than a standard ETF.

What the numbers show

As of October 7, 2026, the current price of CRCG is $11.42. The historical data shows a significant share-price decline. The one-year price return was approximately -89.94%, and the year-to-date (YTD) price return is approximately -56.08%.

This ETF has a history of reverse splits. Most recently, on May 5, 2026, a reverse split occurred. In a reverse split, multiple old shares are combined into fewer new shares. This causes the quoted per-share price to rise mechanically, but that mechanical increase does not restore any lost investment value. Because of this history, we use split-adjusted returns to understand how the price has actually moved.

Income and distribution explanation

Some investors look for ETFs that pay them cash regularly through distributions. However, CRCG has no distributions detected. The distribution yield is 0%. This means the fund does not provide regular cash income to shareholders.

NAV erosion explanation

This ETF has a severe erosion-risk flag. This warning was triggered by the fund's split-adjusted price trend and its low erosion score of 10, which is labeled as "severe price erosion."

It is important to distinguish between share price and NAV (Net Asset Value). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

Top Holdings

The holdings in an ETF can change over time. Based on the most recent data, the top holding is:

• FIRST AMERICAN TREASURY OBLIGS X (8.44%)

Pros

• The fund provides 2X leveraged exposure to its target.

Cons

• There has been a very large share-price decline over the last year.

• The fund carries a severe erosion-risk flag.

• It does not provide any distribution income.

Beginner takeaway

CRCG is a high-risk, leveraged ETF that has experienced a major share-price decline. It does not pay dividends and shows signs of severe price erosion.