AAPB vs. COTG
AAPB (GraniteShares 2x Long AAPL Daily ETF) and COTG (Leverage Shares 2X Long COST Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.02 correlation, their price movements are largely independent. AAPB charges 1.15%/yr vs 0.75%/yr for COTG.
Performance
AAPB vs. COTG - Performance Comparison
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Returns By Period
In the year-to-date period, AAPB achieves a 23.70% return, which is significantly higher than COTG's 17.32% return.
AAPB
- 1D
- -3.30%
- 1M
- 24.81%
- YTD
- 23.70%
- 6M
- 12.69%
- 1Y
- 106.72%
- 3Y*
- 23.23%
- 5Y*
- —
- 10Y*
- —
COTG
- 1D
- 1.39%
- 1M
- -11.21%
- YTD
- 17.32%
- 6M
- 1.51%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPB vs. COTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AAPB GraniteShares 2x Long AAPL Daily ETF | 23.70% | 26.95% |
COTG Leverage Shares 2X Long COST Daily ETF | 17.32% | -21.71% |
Correlation
The correlation between AAPB and COTG is 0.02, 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 19, 2025 | 0.02 |
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Return for Risk
AAPB vs. COTG — Risk / Return Rank
AAPB
COTG
AAPB vs. COTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long AAPL Daily ETF (AAPB) 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.
| AAPB | COTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.39 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | — | — |
| Martin ratioReturn relative to average drawdown | 9.20 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AAPB | COTG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | -0.28 | +0.66 |
Drawdowns
AAPB vs. COTG - Drawdown Comparison
The maximum AAPB drawdown since its inception was -58.13%, which is greater than COTG's maximum drawdown of -25.69%. Use the drawdown chart below to compare losses from any high point for AAPB and COTG.
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Drawdown Indicators
| AAPB | COTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.13% | -25.69% | -32.44% |
Max Drawdown (1Y)Largest decline over 1 year | -28.11% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -58.13% | — | — |
Current DrawdownCurrent decline from peak | -3.30% | -23.48% | +20.18% |
Average DrawdownAverage peak-to-trough decline | -19.36% | -8.35% | -11.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.64% | — | — |
Volatility
AAPB vs. COTG - Volatility Comparison
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Volatility by Period
| AAPB | COTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.20% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 31.96% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 44.82% | 40.65% | +4.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.33% | 40.65% | +10.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.33% | 40.65% | +10.68% |
AAPB vs. COTG - Expense Ratio Comparison
AAPB has a 1.15% expense ratio, which is higher than COTG's 0.75% expense ratio.
Dividends
AAPB vs. COTG - Dividend Comparison
AAPB's dividend yield for the trailing twelve months is around 3.55%, while COTG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AAPB GraniteShares 2x Long AAPL Daily ETF | 3.55% | 4.39% | 0.00% | 18.75% |
COTG Leverage Shares 2X Long COST Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AAPB and COTG have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
COTG is cheaper with a 0.75% expense ratio, compared with 1.15% for AAPB.
AAPB has the higher dividend yield at 3.55%, compared with 0.00% for COTG.
They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.15% for AAPB and 0.75% for COTG.
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