AVL vs. COIG

Last updated Jun 5, 2026

AVL (Direxion Daily AVGO Bull 2X Shares) and COIG (Leverage Shares 2X Long COIN Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, AVL returned 93.28% vs -78.85% for COIG. At a 0.37 correlation, their price movements are largely independent. AVL charges 1.04%/yr vs 0.75%/yr for COIG.

Performance

AVL vs. COIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AVGO Bull 2X Shares (AVL) and Leverage Shares 2X Long COIN Daily ETF (COIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVL achieves a 28.44% return, which is significantly higher than COIG's -61.94% return.

AVL

• 1D: -25.37%
• 1M: -8.09%
• YTD: 28.44%
• 6M: 3.49%
• 1Y: 93.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

COIG

• 1D: -0.23%
• 1M: -34.67%
• YTD: -61.94%
• 6M: -74.70%
• 1Y: -78.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AVL vs. COIG - Yearly Performance Comparison

	2026 (YTD)	2025
AVL Direxion Daily AVGO Bull 2X Shares	28.44%	142.78%
COIG Leverage Shares 2X Long COIN Daily ETF	-61.94%	-9.46%

Correlation

The correlation between AVL and COIG is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Mar 17, 2025	0.37

Return for Risk

AVL vs. COIG — Risk / Return Rank

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

AVL

AVL Risk / Return Rank: 33
AVL Sharpe Ratio Rank: 30
AVL Sortino Ratio Rank: 34
AVL Omega Ratio Rank: 36
AVL Calmar Ratio Rank: 35
AVL Martin Ratio Rank: 28

COIG

COIG Risk / Return Rank: 4
COIG Sharpe Ratio Rank: 4
COIG Sortino Ratio Rank: 4
COIG Omega Ratio Rank: 5
COIG Calmar Ratio Rank: 2
COIG Martin Ratio Rank: 3

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.

AVL vs. COIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AVGO Bull 2X Shares (AVL) and Leverage Shares 2X Long COIN Daily ETF (COIG). 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.

	AVL	COIG	Difference
Sharpe ratio: Return per unit of total volatility	1.05	-0.57	+1.62
Sortino ratio: Return per unit of downside risk	1.80	-0.63	+2.44
Omega ratio: Gain probability vs. loss probability	1.24	0.93	+0.31
Calmar ratio: Return relative to maximum drawdown	1.75	-0.86	+2.60
Martin ratio: Return relative to average drawdown	3.89	-1.19	+5.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVL vs. COIG - Sharpe Ratio Comparison

The current AVL Sharpe Ratio is 1.05, which is higher than the COIG Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of AVL and COIG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVL	COIG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	-0.57	+1.62
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	-0.40	+1.21

Drawdowns

AVL vs. COIG - Drawdown Comparison

The maximum AVL drawdown since its inception was -70.63%, smaller than the maximum COIG drawdown of -92.06%. Use the drawdown chart below to compare losses from any high point for AVL and COIG.

Drawdown Indicators

	AVL	COIG	Difference
Max Drawdown Largest peak-to-trough decline	-70.63%	-92.06%	+21.43%
Max Drawdown (1Y) Largest decline over 1 year	-53.69%	-92.06%	+38.37%
Current Drawdown Current decline from peak	-26.09%	-91.44%	+65.35%
Average Drawdown Average peak-to-trough decline	-23.38%	-51.83%	+28.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.05%	66.13%	-42.08%

Volatility

AVL vs. COIG - Volatility Comparison

Direxion Daily AVGO Bull 2X Shares (AVL) and Leverage Shares 2X Long COIN Daily ETF (COIG) have volatilities of 38.09% and 37.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVL	COIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	38.09%	37.76%	+0.33%
Volatility (6M) Calculated over the trailing 6-month period	68.34%	100.15%	-31.81%
Volatility (1Y) Calculated over the trailing 1-year period	89.40%	138.95%	-49.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.05%	146.21%	-39.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.05%	146.21%	-39.16%

AVL vs. COIG - Expense Ratio Comparison

AVL has a 1.04% expense ratio, which is higher than COIG's 0.75% expense ratio.

Dividends

AVL vs. COIG - Dividend Comparison

AVL's dividend yield for the trailing twelve months is around 22.99%, while COIG has not paid dividends to shareholders.

Position	TTM	2025	2024
AVL Direxion Daily AVGO Bull 2X Shares	22.99%	29.04%	0.22%
COIG Leverage Shares 2X Long COIN Daily ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AVL and COIG in my portfolio?

AVL and COIG have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVL or COIG?

AVL has higher volatility (38.09%) compared to COIG (37.76%). In terms of maximum drawdown, AVL dropped -70.63% vs COIG's -92.06%.

Which ETF is better, AVL or COIG?

On 1-year performance, AVL leads with 93.28% vs -78.85% for COIG. On fees, COIG is cheaper at 0.75% per year. On volatility, COIG has been the lower-risk option at 37.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVL or COIG?

Over the 1-year period, AVL has performed better with a 93.28% return vs -78.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVL or COIG?

COIG is cheaper with a 0.75% expense ratio, compared with 1.04% for AVL.

Which ETF pays a higher dividend yield, AVL or COIG?

AVL has the higher dividend yield at 22.99%, compared with 0.00% for COIG.

What is the main difference between AVL and COIG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.04% for AVL and 0.75% for COIG.

Which has better risk-adjusted returns?

AVL currently has the higher Sharpe Ratio (1.05 vs -0.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.