CRWG vs GCAL

Comparison between LEVERAGE SHARES 2X LONG CRWV DAILY ETF (CRWG, ETF) and GOLDMAN SACHS DYNAMIC CALIFORNIA MUNICIPAL INCOME ETF (GCAL, ETF).

CRWG vs GCAL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CRWG(ETF)	GCAL(ETF)
Net Assets	$172M	$173M
Expense Ratio	N/A	0.30%
Max Drawdown	91.63%	5.11%
Sharpe Ratio	-0.26	0.59
5Y Beta	6.07	0.01

Net Assets

CRWG

$172M

Winner

GCAL

$173M

Expense Ratio

CRWG

N/A

GCAL

0.30%

Max Drawdown

CRWG

91.63%

Winner

GCAL

5.11%

Sharpe Ratio

CRWG

-0.26

Winner

GCAL

0.59

5Y Beta

CRWG

6.07

Winner

GCAL

0.01

CRWG vs GCAL - Historical Returns

Returns include dividend reinvestment.

Period	CRWG	GCAL
1 month	-45.81%	-1.08%
3 months	-62.18%	-0.50%
6 months	-54.93%	+0.16%
1 year	-87.77%	+5.35%
Max(CAGR)	-89.12%	+3.47%

CRWG

-45.81%

Winner

GCAL

-1.08%

CRWG

-62.18%

Winner

GCAL

-0.50%

CRWG

-54.93%

Winner

GCAL

+0.16%

CRWG

-87.77%

Winner

GCAL

+5.35%

Max(CAGR)

CRWG

-89.12%

Winner

GCAL

+3.47%

CRWG vs GCAL - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	CRWG	GCAL
2026	-40.36%	+0.65%
2025	-83.21%	+4.44%
2024	N/A	+1.65%

CRWG vs GCAL Drawdown Comparison

The maximum drawdown for CRWG was -91.05%, occurring on Jul 16, 2026. This drawdown has not yet recovered.

The maximum drawdown for GCAL was -4.39%, occurring on Apr 11, 2025. Recovery took 130 trading sessions.

The current CRWG drawdown is -89.10%. The current GCAL drawdown is -1.54%.

Rank	CRWG	GCAL
#1	-91.05% Aug 12, 2025 - Jul 16, 2026	-4.39% Mar 3, 2025 - Sep 8, 2025
#2	N/A	-2.24% Feb 27, 2026 - Jun 26, 2026
#3	N/A	-1.97% Dec 4, 2024 - Feb 25, 2025
#4	N/A	-1.92% Oct 1, 2024 - Dec 2, 2024
#5	N/A	-1.54% Jul 2, 2026 - Jul 23, 2026
#6	N/A	-0.80% Aug 5, 2024 - Sep 4, 2024
#7	N/A	-0.45% Sep 17, 2025 - Oct 8, 2025
#8	N/A	-0.40% Nov 11, 2025 - Nov 25, 2025
#9	N/A	-0.36% Jan 16, 2026 - Jan 30, 2026
#10	N/A	-0.35% Nov 26, 2025 - Dec 18, 2025
#11	N/A	-0.27% Oct 24, 2025 - Nov 10, 2025
#12	N/A	-0.16% Sep 16, 2024 - Sep 27, 2024
#13	N/A	-0.14% Dec 24, 2025 - Dec 29, 2025
#14	N/A	-0.10% Oct 22, 2025 - Oct 24, 2025
#15	N/A	-0.09% Feb 25, 2025 - Feb 28, 2025

Correlation

Correlation between CRWG and GCAL is -0.61 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.61

-101