TradrSingle-Stock Leverage#189 of 228 by YTD

Investment Managers Series Trust II - Tradr 2X Long CRWV Daily ETFCWVX

1D 1M 3M YTD 1Y3Y5YMAX

S&P 500 Compare

$3.64+11.7%

+$0.38 · Nov 6 close

Buy

AUM: $55M
Fee: 1.30%
Yield: 12.6%

Bumpy · 1Y: 14.6×S&P
Volume: 10.9M
NAV: $3.65

52-week range95% below the high

$2.75$72.40

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+11.7%	−72.3%	−79.1%	−83.4%	−94.5%	—	—	−96.4%
Peer average	+5.9%	−25.5%	−30.4%	−34.4%	−41.8%	+18.5%	—	—
S&P 500 · VOO	+0.3%	−5.0%	−4.6%	+8.7%	+9.8%	+80.8%	+71.8%	—

CWVX in One Breath

CWVX Among Single-Stock Leverage ETFs

YTD

#1PBRGLeverageShares+316.4%$2.0M

#2DLLLGraniteShares+279.1%$75.3M

#3MUUDirexion+176.7%$1.4B

#4MULLGraniteShares+166.9%$206M

#5OSCXDefiance+157.0%$7.2M

#6AMUUDirexion+146.1%$41.3M

#7AMDLGraniteShares+142.1%$537M

#8AMDGLeverageShares+141.3%$16.3M

#189CWVXTradr−83.4%$54.6M

End-of-day Nov 8, 2026 · 228 Single-Stock Leverage ETFs by YTD

$10,000 in CWVX

$10,000 in CWVX became

$360

In the S&P 500 (VOO)

$11,963

Total return, dividends in · Jul 11, 2025 – Nov 6, 2026 · S&P 500 uses VOO

CWVX Returns by Period

Today

YTD

MAX

CWVX

+11.7%

−72.3%

−79.1%

−83.4%

−94.5%

—

−96.4%

Peer average

+5.9%

−25.5%

−30.4%

−34.4%

−41.8%

+18.5%

—

S&P 500 · VOO

+0.3%

−5.0%

−4.6%

+8.7%

+9.8%

+80.8%

+71.8%

—

End-of-day Nov 8, 2026 · total return, dividends in · peers = 390 Single-Stock Leverage ETFs

CWVX’s Single-Stock Leverage Rank

YTD

#189of 228
single-stock leverage ETFs

Best · PBRG+316.4%

Average−34.4%

CWVX−83.4%

Worst · SMUP−99.5%

Single-Stock Leverage ETFs by YTD return · Nov 8, 2026

CWVX Price and 52-Week Range

From the 52-week high

−95.0%

From the 52-week low

+32.4%

Today $3.17 – $3.84

Previous close $3.26

$3.64 now

52-week low$2.7552-week high$72.40

End-of-day Nov 8, 2026 · box = today’s range, dashed = previous close

CWVX’s Size vs Its Peers

Today

$54.6M#57 by size of 391 single-stock leverage ETFs

AUM · CWVX and the 5 largest peers · Nov 8, 2026

CWVX Fee per $100 vs Peers

Today

$1.30a year
per $100

$130 a year on $10,000

TSLL$0.95

GGLL$0.96

MUU$1.01

CWVX$1.30

SNXX$1.49

NVDL$1.65

Expense ratio · Single-Stock Leverage peers · Nov 8, 2026

Inside CWVX

CWVX

Investment Managers Series Trust II - Tradr 2X Long CRWV Daily ETF

Today

CWVX gets its 2× exposure through swaps and futures, so a list of holdings would not show what you own: […]

Tradr CWVX · holdings

How It Compares

CWVX

Investment Managers Series Trust II - Tradr 2X Long CRWV Daily ETF’s Peers

YTD

		Trend
TSLL	DirexionRead Desk		0.95%	−52.9%	−57.5%	$2.6B
NVDL	GraniteSharesRead Desk		1.65%	−19.2%	−28.9%	$2.3B
MUU	DirexionRead Desk		1.01%	+176.7%	+267.5%	$1.4B
GGLL	DirexionRead Desk		0.96%	−31.1%	−19.0%	$998M
SNXX	TradrRead Desk	New fund	1.49%	new	new	$574M
CWVX	TradrThis fundRead Desk		1.30%	−83.4%	−94.5%	$55M

Single-Stock Leverage peers · YTD and past-year returns · as of Nov 9, 2026 · sorted by AUM

Head to Head

Put CWVX head to head with TSLL →

TSLL vs CWVX

YTD

TSLLDirexionCWVXTradr

Year to date

−52.9%

−83.4%

TSLL wins+30.5 pts

Past year

−57.5%

−94.5%

TSLL wins+37.1 pts

Fee

0.95%

1.30%

TSLL winslower fee

Yield

11.0%

12.6%

CWVX wins+1.6 pts

AUM

$2.6B

$54.6M

TSLL48.4× more

3–1TSLL wins

Direxion TSLL and Tradr CWVX · year-to-date · as of Nov 9, 2026 · AUM not scored

CWVX vs VOO

YTD

CWVX · Investment Managers Series Trust II - Tradr 2X Long CRWV Daily

−83.4%

VOO · S&P 500

+8.7%

Gap

92.1 pts

Tradr CWVX and Vanguard VOO · YTD total return · as of Nov 9, 2026

CWVX vs Its Peer Average

YTD

CWVXAvsBPeer average

1D+11.7%+5.9%

1M−72.3%−25.5%

3M−79.1%−30.4%

YTD−83.4%−34.4%

1Y−94.5%−41.8%

3Y[…]+18.5%

1–4Peer average wins

390 Single-Stock Leverage peers · each row scaled to its leader

How Bumpy Is CWVX?

View

CWVX

How Bumpy

14.6×the S&P 500’s swings

CalmerBumpierS&P 1×CWVX

S&P 500 swings · 1Y13.6%

Tradr CWVX · daily swings over the past year vs the S&P 500

CWVX

Worst Drop

−96.0%from its Nov 3 high

Still below the high−95.5%

$10,000 at the high is now$450

Tradr CWVX · fall from the highest close, past year

CWVX

On a Bad Day

8.6×the S&P 500’s fall

CWVX’s worst day: Friday, Feb 27

CWVX

−37.5%

S&P 500

−0.5%

Up days46 of every 100

S&P 500 up days52 of every 100

Tradr CWVX · average move on days the S&P 500 fell

CWVX

Return for the Bumps

1Y#4 of 6 single-Stock Leverage funds

#1MUUDirexion · 2×

most for the bumps

#2AMDLGraniteShares · 2×

#3GGLLDirexion · 2×

lost money

#4CWVXTradr · 2×

lost money

#5NVDLGraniteShares · 2×

lost money

#6TSLLDirexion · 2×

lost money

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

CWVX

Cost

Today

$130a year per $10,000

TSLL

$95

GGLL

$96

MUU

$101

CWVX

$130

SNXX

$149

NVDL

$165

AMDL

$189

Expense ratio 1.30%, taken from the fund’s value

CWVX

Volatility & Beta

197.7%annual volatility

S&P 500 volatility13.6%

Downside volatility135.2%

Beta vs SPY6.83

Correlation vs SPY0.47

Beta rank, lowest first, of 6#6

Daily total returns × √252 · past 254 trading days

CWVX

Max Drawdown

−96.0%peak to trough

Peak closeNov 3, 2025

Current drawdown−95.5%

Worst day−37.46% · Feb 27

Closing prices, dividends in

CWVX

Up / Down Capture

863%down capture vs SPY

Down days

863%

Up days

635%

S&P 500

100%

Up ÷ down capture0.74

Up days45.7% (S&P 52.0%)

Average daily move on SPY up days and down days

CWVX

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
MUU 2×	1.60	2.54	167.1%	−79.4%	6.73	$101
AMDL 2×	0.35	0.53	144.7%	−65.3%	6.78	$189
GGLL 2×	−0.33	−0.47	67.8%	−57.1%	2.67	$96
CWVX 2×	−0.50	−0.73	197.7%	−96.0%	6.83	$130
NVDL 2×	−0.53	−0.75	76.5%	−47.7%	3.77	$165
TSLL 2×	−0.68	−0.92	91.9%	−70.1%	4.27	$95

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

CWVX

Trading

Today

−0.27%below its holdings’ value

Close$3.64

NAV$3.65

Fee per $10,000$130 a year

Avg. volume 30D4.1M shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 6

The Details

CWVX

Fund Facts

Today

2025launched Jul 10

Tracks[…]

Exchange · CUSIPCBOE · 46152A742

StructureETF

Leverage2x

Cost on $10,000$130 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Tradr CWVX · fund facts · as of Nov 9, 2026

CWVX

Payouts by Year

$0.46per share, Dec 2025

Distribution yield12.6%

Paid[…]

Latest ex-date · paidDec 26 · Dec 30, 2025

1 payouts added up$0.46 a share

Tradr CWVX · distributions by ex-date · 2025–2025

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-06-30 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2026-03-31 ↗SEC reported portfolio · 2025-12-31 ↗SEC reported portfolio · 2025-09-30 ↗

Trading & Liquidity

Net asset value$3.65

Premium / discount[…]

Median spread · 30D[…]

Volume today10.9M

Average volume · 30D4.1M

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio1.30%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$130.00

Our risk indicator5/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Dec 26, 2025	Dec 30, 2025	$0.46

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