AALG vs. COTG

Last updated Jul 17, 2026

AALG (Leverage Shares 2X Long AAL Daily ETF) and COTG (Leverage Shares 2X Long COST Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. At a correlation of -0.07, they often move in opposite directions. AALG charges 0.78%/yr vs 0.75%/yr for COTG.

Performance

AALG vs. COTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long AAL Daily ETF (AALG) and Leverage Shares 2X Long COST Daily ETF (COTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AALG achieves a -14.63% return, which is significantly lower than COTG's 11.25% return.

AALG

• 1D: -0.42%
• 1M: -3.68%
• 6M: -17.57%
• YTD: -14.63%
• 1Y: 14.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

COTG

• 1D: 6.31%
• 1M: -9.60%
• 6M: -8.77%
• YTD: 11.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AALG vs. COTG - Yearly Performance Comparison

	2026 (YTD)	2025
AALG Leverage Shares 2X Long AAL Daily ETF	-14.63%	38.81%
COTG Leverage Shares 2X Long COST Daily ETF	11.25%	-22.61%

Correlation

The correlation between AALG and COTG is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025	-0.07

Return for Risk

AALG vs. COTG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AALG

AALG Risk / Return Rank: 15
AALG Sharpe Ratio Rank: 12
AALG Sortino Ratio Rank: 21
AALG Omega Ratio Rank: 19
AALG Calmar Ratio Rank: 12
AALG Martin Ratio Rank: 12

COTG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AALG vs. COTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long AAL Daily ETF (AALG) and Leverage Shares 2X Long COST Daily ETF (COTG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AALG	COTG	Difference
Sharpe ratio: Return per unit of total volatility	0.15	—	—
Sortino ratio: Return per unit of downside risk	0.95	—	—
Omega ratio: Gain probability vs. loss probability	1.11	—	—
Calmar ratio: Return relative to maximum drawdown	0.23	—	—
Martin ratio: Return relative to average drawdown	0.47	—	—

Drawdowns

AALG vs. COTG - Drawdown Comparison

The maximum AALG drawdown since its inception was -64.19%, which is greater than COTG's maximum drawdown of -32.16%. Use the drawdown chart below to compare losses from any high point for AALG and COTG.

Drawdown Indicators

	AALG	COTG	Difference
Max Drawdown Largest peak-to-trough decline	-64.19%	-32.16%	-32.03%
Max Drawdown (1Y) Largest decline over 1 year	-64.19%	—	—
Current Drawdown Current decline from peak	-27.08%	-27.44%	+0.36%
Average Drawdown Average peak-to-trough decline	-24.63%	-11.14%	-13.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.31%	—	—

Volatility

Volatility by Period

	AALG	COTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.61%	—	—
Volatility (6M) Calculated over the trailing 6-month period	72.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	96.14%	41.28%	+54.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	95.75%	41.28%	+54.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	95.75%	41.28%	+54.47%

AALG vs. COTG - Expense Ratio Comparison

AALG has a 0.78% expense ratio, which is higher than COTG's 0.75% expense ratio.

Dividends

AALG vs. COTG - Dividend Comparison

AALG's dividend yield for the trailing twelve months is around 1.82%, while COTG has not paid dividends to shareholders.

Position	TTM	2025
AALG Leverage Shares 2X Long AAL Daily ETF	1.82%	1.56%
COTG Leverage Shares 2X Long COST Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both AALG and COTG in my portfolio?

AALG and COTG have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AALG or COTG?

On fees, COTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AALG or COTG?

COTG is cheaper with a 0.75% expense ratio, compared with 0.78% for AALG.

Which ETF pays a higher dividend yield, AALG or COTG?

AALG has the higher dividend yield at 1.82%, compared with 0.00% for COTG.

What is the main difference between AALG and COTG?

Their fees differ too: 0.78% for AALG and 0.75% for COTG.