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.

ETF Education Report: CRWG

What this ETF is trying to do

The LEVERAGE SHARES 2X LONG CRWV DAILY ETF (CRWG) is a leveraged ETF. This means it is designed to move in a specific way relative to its target. It is also important to note that this fund has a history of reverse splits. In a reverse split, multiple old shares are combined into fewer new shares. This causes the price per share to rise mechanically, but it does not increase the actual value of your investment.

What the numbers show

The current price of CRWG is $18.64. When looking at how the price has changed, we see significant declines:

• Year-to-Date (YTD) Price Return: Approximately -31.22%

• One-Year Price Return: Approximately -84.36%

It is important to distinguish between price return and total return. Price return only tracks the change in the share price. Total return includes both price changes and any distributions paid out. For this ETF:

• YTD Total Return: Approximately -31.22%

• One-Year Total Return: Approximately -83.29%

Because this ETF has a history of reverse splits, we use split-adjusted returns to understand its performance.

Income and distribution explanation

This ETF has a distribution yield of approximately 1.08%. The trailing distributions were $0.2004. Distributions are cash payments made to shareholders, but they are not the same as total return. A high yield does not guarantee that an investor is making money, especially if the share price is falling. In this case, the distribution frequency is described as irregular or less frequent.

NAV erosion explanation

This ETF has a severe erosion-risk flag. This means that StockValueFinder's rules detected significant price deterioration. The data shows an erosion score of 10, which is labeled as "Severe price erosion."

"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the fund's assets). While a falling market price is a "share-price decline," the erosion score and severe risk flag serve as measurements of high risk regarding the stability of the fund's value.

Pros

• The ETF provides exposure to a specific leveraged strategy.

• It provides some cash distributions (though the income rating is an "F" grade).

Cons

• There has been a very large one-year price decline of approximately 84.36%.

• The fund has a severe erosion-risk flag and a high risk of price deterioration.

• It has a history of reverse splits.

Beginner takeaway

When looking at leveraged ETFs like CRWG, it is vital to look at both the price return and the total return. A falling share price can happen even if the fund pays out distributions. Because this ETF has a severe erosion-risk flag and significant price declines, investors should understand that the value of the shares has decreased substantially over the past year.