T-REX 2X Inverse CRCL Daily Target ETF (CRCD) Performance
CRCD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −94.5% since Dec 31, 2025
- 1 year
- −90.6% total return
- Since first price
- −92.1% since 2025
CRCD trailing returns vs SPY, QQQ, AGG
| Period | CRCD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +3.3% | +3.3% | −1.0% | −5.0% | +0.9% |
| 3 months | −69.2% | −69.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −63.6% | −63.6% | +7.8% | +8.4% | −1.5% |
| YTD | −94.5% | −94.5% | +12.3% | +15.1% | −1.0% |
| 1 year | −90.6% | −90.6% | +14.4% | +15.9% | −1.1% |
| Since inceptionSep 26, 2025 | −92.1% | −92.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: CRCD vs SPY
From Sep 26, 2025: CRCD grew to $792, SPY to $11,607.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CRCD returns by calendar year
2026 is year to date.
CRCD annual returns table
| Year | CRCD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −94.5% | −97.7% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
CRCD largest drawdowns
Now 97.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 5, 2026 | −97.7% | Sep 3, 2026 | not yet | 7 months | 9 months so far |
| Nov 20, 2025 | −52.6% | Dec 22, 2025 | Feb 4, 2026 | 32 days | 2 months |
| Sep 26, 2025 | −35.3% | Oct 9, 2025 | Nov 4, 2025 | 13 days | 39 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
CRCD risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −89.7% |
| Volatility (annualized) | 233.4% |
| Sharpe ratio | 0.03 |
| Sortino ratio | 0.06 |
| Best month | +152.3% |
| Worst month | −73.7% |
| Best 12 months | −89.7% |
| Worst 12 months | −89.7% |
| Positive months | 33% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
CRCD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 2 | −90.5% | −90.1% | −89.7% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
CRCD performance overview
T-REX 2X Inverse CRCL Daily Target ETF (CRCD) returned −90.6% over the past year, with distributions reinvested. Since its first recorded price on Sep 26, 2025 it has returned −92.1%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −97.7%, from Feb 5, 2026 to Sep 3, 2026; the fund has not yet regained that high. Volatility has been 233.4% a year.
Related: CRCD chart. See the CRCD overview for the latest quote and fund facts.
CRCD performance FAQ
What is the CRCD return over the past year?
CRCD returned −90.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 90.6%.
How much would $10,000 invested in CRCD be worth?
$10,000 invested in CRCD at its first recorded close on September 26, 2025 would be worth about $792 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of CRCD?
The largest peak-to-trough decline was −97.7% between February 5, 2026 and September 3, 2026. It has not yet recovered to that high; it is 97.4% below its peak.
How volatile is CRCD?
Over the past history CRCD had an annualized volatility of 233.4% and a Sharpe ratio of 0.03 (excess return over 1–3 month T-bills per unit of risk).