Understanding the Leverage Shares 2x Long CRM Daily ETF (CRMG)

The Leverage Shares 2x Long CRM Daily ETF (CRMG) is a leveraged ETF designed to provide double the daily return of a specific target. Because it is a leveraged fund, it is built for short-term trading rather than long-term investing.

What this ETF is trying to do

CRMG is a "2x Long" ETF. This means it uses financial tools to try and move twice as much as its target asset on a daily basis. If the target goes up 1% in a day, this ETF aims to go up 2%. However, if the target goes down 1%, the ETF aims to go down 2%.

What the numbers show

The recent data shows a significant decline in the share price. As of October 5, 2026, the current price is $7.87.

• Year-to-Date (YTD): The price return is -42.60%.

• One-Year Performance: The price return is -33.98%.

• Estimated Price: Roughly one year ago, the estimated price was $11.92.

Because this fund does not pay distributions, the price return and the total return are the same. For example, the one-year total return is -33.98%.

Income and distribution explanation

CRMG is not designed to provide regular income. The data shows a distribution yield of 0%, and no distributions have been detected in the last 12 months. It has an income rating grade of "F."

Price and NAV erosion explanation

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.

However, the price-based evidence shows a severe erosion-risk flag. This flag was triggered because of the split-adjusted price trend and an erosion score of 30, which is labeled as "significant price erosion." This means the share price has dropped substantially over time.

Top Holdings

As of October 7, 2026, the fund's holdings include:

• First American Treasury Obligs X (FXFXX): 11.99%

Pros

• Amplified Gains: In a strong upward market, the 2x leverage can lead to larger daily gains than a standard non-leveraged investment.

Cons

• Amplified Losses: Leverage works both ways; losses are also doubled on a daily basis.

• Price Decline: The fund has seen a significant share-price decline over the last year.

• No Income: There are no cash distributions for investors seeking income.

Beginner takeaway

CRMG is a high-risk tool used for daily trading, not a traditional "buy and hold" investment. It does not pay dividends, and the recent data shows a severe erosion-risk flag due to a significant drop in share price. Investors should be aware that leveraged ETFs can lose value quickly.