CRWL vs PIPE

Comparison between GRANITESHARES 2X LONG CRWD DAILY ETF (CRWL, ETF) and Invesco SteelPath MLP & Energy Infrastructure ETF (PIPE, ETF).

CRWL vs PIPE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CRWL(ETF)	PIPE(ETF)
Net Assets	$63M	$63M
Expense Ratio	N/A	0.75%
Max Drawdown	64.99%	15.69%
Sharpe Ratio	0.77	1.65
5Y Beta	3.02	0.49
P/E Ratio	N/A	27.30
Forward P/E	N/A	17.54
PEG Ratio	N/A	1.00
P/S Ratio	N/A	0.76
P/B Ratio	N/A	3.59

Net Assets

Winner

CRWL

$63M

PIPE

$63M

Expense Ratio

CRWL

N/A

PIPE

0.75%

Max Drawdown

CRWL

64.99%

Winner

PIPE

15.69%

Sharpe Ratio

CRWL

0.77

Winner

PIPE

1.65

5Y Beta

CRWL

3.02

Winner

PIPE

0.49

P/E Ratio

CRWL

N/A

PIPE

27.30

Forward P/E

CRWL

N/A

PIPE

17.54

PEG Ratio

CRWL

N/A

PIPE

1.00

P/S Ratio

CRWL

N/A

PIPE

0.76

P/B Ratio

CRWL

N/A

PIPE

3.59

CRWL vs PIPE - Historical Returns

Returns include dividend reinvestment.

Period	CRWL	PIPE
1 month	+24.41%	-4.75%
3 months	+125.53%	+2.17%
6 months	+52.12%	+27.03%
1 year	+35.92%	+26.86%
Max(CAGR)	+56.98%	+17.90%

Winner

CRWL

+24.41%

PIPE

-4.75%

Winner

CRWL

+125.53%

PIPE

+2.17%

Winner

CRWL

+52.12%

PIPE

+27.03%

Winner

CRWL

+35.92%

PIPE

+26.86%

Max(CAGR)

Winner

CRWL

+56.98%

PIPE

+17.90%

CRWL vs PIPE - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	CRWL	PIPE
2026	+78.92%	+22.88%
2025	+26.57%	+0.16%
2024	-5.84%	N/A

CRWL vs PIPE Drawdown Comparison

The maximum drawdown for CRWL was -64.99%, occurring on Feb 24, 2026. Recovery took 131 trading sessions.

The maximum drawdown for PIPE was -15.69%, occurring on Apr 8, 2025. Recovery took 201 trading sessions.

The current CRWL drawdown is -26.40%. The current PIPE drawdown is -6.56%.

Rank	CRWL	PIPE
#1	-64.99% Nov 10, 2025 - May 20, 2026	-15.69% Apr 2, 2025 - Jan 21, 2026
#2	-55.67% Feb 18, 2025 - Jun 26, 2025	-7.21% May 19, 2026 - May 29, 2026
#3	-38.11% Jul 3, 2025 - Oct 28, 2025	-5.80% Feb 20, 2025 - Mar 17, 2025
#4	-32.77% Jun 1, 2026 - Jun 9, 2026	-5.61% Mar 30, 2026 - Apr 30, 2026
#5	-24.44% Dec 16, 2024 - Jan 28, 2025	-3.63% Apr 30, 2026 - May 14, 2026
#6	-14.54% Nov 22, 2024 - Dec 16, 2024	-1.78% Mar 2, 2026 - Mar 19, 2026
#7	-7.95% May 26, 2026 - May 29, 2026	-1.48% Mar 24, 2025 - Apr 2, 2025
#8	-7.20% Nov 3, 2025 - Nov 10, 2025	-1.41% Jan 29, 2026 - Feb 3, 2026
#9	-6.73% Jun 30, 2025 - Jul 3, 2025	-0.88% Mar 20, 2025 - Mar 24, 2025
#10	-6.50% Nov 13, 2024 - Nov 19, 2024	-0.61% Mar 19, 2026 - Mar 23, 2026
#11	-6.01% Jan 28, 2025 - Feb 5, 2025	-0.37% Feb 13, 2026 - Feb 19, 2026
#12	-3.07% Oct 28, 2025 - Nov 3, 2025	-0.16% Feb 11, 2026 - Feb 13, 2026
#13	-2.14% Jun 26, 2025 - Jun 30, 2025	-0.16% Feb 23, 2026 - Feb 26, 2026
#14	-1.99% Nov 19, 2024 - Nov 21, 2024	-0.12% Mar 26, 2026 - Mar 30, 2026
#15	-1.00% Feb 13, 2025 - Feb 18, 2025	-0.09% Mar 17, 2025 - Mar 19, 2025