GCAL vs CRWG

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

GCAL vs CRWG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

GCAL

$173M

CRWG

$172M

Expense Ratio

GCAL

0.30%

CRWG

N/A

Max Drawdown

Winner

GCAL

5.11%

CRWG

91.63%

Sharpe Ratio

Winner

GCAL

0.59

CRWG

-0.26

5Y Beta

Winner

GCAL

0.01

CRWG

6.07

GCAL vs CRWG - Historical Returns

Returns include dividend reinvestment.

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

Winner

GCAL

-1.08%

CRWG

-45.81%

Winner

GCAL

-0.50%

CRWG

-62.18%

Winner

GCAL

+0.16%

CRWG

-54.93%

Winner

GCAL

+5.35%

CRWG

-87.77%

Max(CAGR)

Winner

GCAL

+3.47%

CRWG

-89.12%

GCAL vs CRWG - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

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

GCAL vs CRWG Drawdown Comparison

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

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

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

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

Correlation

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

-0.61

-101