BULZ vs. COIG

Last updated Jun 5, 2026

BULZ (MicroSectors Solactive FANG & Innovation 3X Leveraged ETN) and COIG (Leverage Shares 2X Long COIN Daily ETF) are both Leveraged Equities funds. BULZ is passively managed, while COIG is actively managed. Over the past year, BULZ returned 239.73% vs -78.85% for COIG. A 0.63 correlation means they provide meaningful diversification when combined. BULZ charges 0.95%/yr vs 0.75%/yr for COIG.

Performance

BULZ vs. COIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) 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, BULZ achieves a 92.22% return, which is significantly higher than COIG's -61.94% return.

BULZ

• 1D: -4.32%
• 1M: 33.43%
• YTD: 92.22%
• 6M: 82.15%
• 1Y: 239.73%
• 3Y*: 100.25%
• 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)

BULZ vs. COIG - Yearly Performance Comparison

	2026 (YTD)	2025
BULZ MicroSectors Solactive FANG & Innovation 3X Leveraged ETN	92.22%	115.32%
COIG Leverage Shares 2X Long COIN Daily ETF	-61.94%	-9.46%

Correlation

The correlation between BULZ and COIG is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (All Time) Calculated using the full available price history since Mar 17, 2025	0.63

The correlation between BULZ and COIG has been stable across timeframes, ranging from 0.58 to 0.63 - a consistent structural relationship.

Return for Risk

BULZ vs. COIG — Risk / Return Rank

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

BULZ

BULZ Risk / Return Rank: 75
BULZ Sharpe Ratio Rank: 92
BULZ Sortino Ratio Rank: 66
BULZ Omega Ratio Rank: 68
BULZ Calmar Ratio Rank: 84
BULZ Martin Ratio Rank: 66

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.

BULZ vs. COIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) 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.

	BULZ	COIG	Difference
Sharpe ratio: Return per unit of total volatility	3.24	-0.57	+3.81
Sortino ratio: Return per unit of downside risk	3.01	-0.63	+3.64
Omega ratio: Gain probability vs. loss probability	1.40	0.93	+0.47
Calmar ratio: Return relative to maximum drawdown	4.45	-0.86	+5.31
Martin ratio: Return relative to average drawdown	11.93	-1.19	+13.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BULZ vs. COIG - Sharpe Ratio Comparison

The current BULZ Sharpe Ratio is 3.24, which is higher than the COIG Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of BULZ 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

	BULZ	COIG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.24	-0.57	+3.81
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	-0.40	+0.58

Drawdowns

BULZ vs. COIG - Drawdown Comparison

The maximum BULZ drawdown since its inception was -94.44%, roughly equal to the maximum COIG drawdown of -92.06%. Use the drawdown chart below to compare losses from any high point for BULZ and COIG.

Drawdown Indicators

	BULZ	COIG	Difference
Max Drawdown Largest peak-to-trough decline	-94.44%	-92.06%	-2.38%
Max Drawdown (1Y) Largest decline over 1 year	-54.22%	-92.06%	+37.84%
Max Drawdown (3Y) Largest decline over 3 years	-67.96%	—	—
Current Drawdown Current decline from peak	-9.44%	-91.44%	+82.00%
Average Drawdown Average peak-to-trough decline	-58.38%	-51.83%	-6.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.20%	66.13%	-45.93%

Volatility

BULZ vs. COIG - Volatility Comparison

The current volatility for MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) is 22.83%, while Leverage Shares 2X Long COIN Daily ETF (COIG) has a volatility of 37.76%. This indicates that BULZ experiences smaller price fluctuations and is considered to be less risky than COIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BULZ	COIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.83%	37.76%	-14.93%
Volatility (6M) Calculated over the trailing 6-month period	56.98%	100.15%	-43.17%
Volatility (1Y) Calculated over the trailing 1-year period	74.46%	138.95%	-64.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	91.22%	146.21%	-54.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.22%	146.21%	-54.99%

BULZ vs. COIG - Expense Ratio Comparison

BULZ has a 0.95% expense ratio, which is higher than COIG's 0.75% expense ratio.

Dividends

BULZ vs. COIG - Dividend Comparison

Neither BULZ nor COIG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BULZ and COIG in my portfolio?

BULZ and COIG have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BULZ or COIG?

COIG has higher volatility (37.76%) compared to BULZ (22.83%). In terms of maximum drawdown, BULZ dropped -94.44% vs COIG's -92.06%.

Which ETF is better, BULZ or COIG?

On 1-year performance, BULZ leads with 239.73% vs -78.85% for COIG. On fees, COIG is cheaper at 0.75% per year. On volatility, BULZ has been the lower-risk option at 22.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BULZ or COIG?

Over the 1-year period, BULZ has performed better with a 239.73% return vs -78.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BULZ or COIG?

COIG is cheaper with a 0.75% expense ratio, compared with 0.95% for BULZ.

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

BULZ and COIG have nearly identical dividend yields, around 0.00%.

What is the main difference between BULZ and COIG?

They also come from different issuers: BMO and Leverage Shares. Their fees differ too: 0.95% for BULZ and 0.75% for COIG.

Which has better risk-adjusted returns?

BULZ currently has the higher Sharpe Ratio (3.24 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.