COIA vs. GEMG

Last updated Jun 24, 2026

COIA (ProShares Ultra COIN) and GEMG (Leverage Shares 2X Long GEMI Daily ETF) are both Leveraged Equities funds. COIA is passively managed, while GEMG is actively managed. A 0.60 correlation means they provide meaningful diversification when combined. COIA charges 1.06%/yr vs 0.75%/yr for GEMG.

Performance

COIA vs. GEMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra COIN (COIA) and Leverage Shares 2X Long GEMI Daily ETF (GEMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COIA achieves a -66.12% return, which is significantly higher than GEMG's -89.02% return.

COIA

• 1D: -8.21%
• 1M: -30.46%
• YTD: -66.12%
• 6M: -70.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GEMG

• 1D: -6.14%
• 1M: -33.52%
• YTD: -89.02%
• 6M: -91.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COIA vs. GEMG - Yearly Performance Comparison

	2026 (YTD)	2025
COIA ProShares Ultra COIN	-66.12%	-50.36%
GEMG Leverage Shares 2X Long GEMI Daily ETF	-89.02%	-71.91%

Correlation

The correlation between COIA and GEMG is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025	0.60

Return for Risk

COIA vs. GEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra COIN (COIA) and Leverage Shares 2X Long GEMI Daily ETF (GEMG). 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.

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

Drawdowns

COIA vs. GEMG - Drawdown Comparison

The maximum COIA drawdown since its inception was -90.45%, smaller than the maximum GEMG drawdown of -97.26%. Use the drawdown chart below to compare losses from any high point for COIA and GEMG.

Drawdown Indicators

	COIA	GEMG	Difference
Max Drawdown Largest peak-to-trough decline	-90.45%	-97.26%	+6.81%
Current Drawdown Current decline from peak	-89.97%	-97.10%	+7.13%
Average Drawdown Average peak-to-trough decline	-63.40%	-81.17%	+17.77%

Volatility

Volatility by Period

	COIA	GEMG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	139.95%	219.33%	-79.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	139.95%	219.33%	-79.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	139.95%	219.33%	-79.38%

COIA vs. GEMG - Expense Ratio Comparison

COIA has a 1.06% expense ratio, which is higher than GEMG's 0.75% expense ratio.

Dividends

COIA vs. GEMG - Dividend Comparison

COIA's dividend yield for the trailing twelve months is around 5.27%, while GEMG has not paid dividends to shareholders.

Position	TTM	2025
COIA ProShares Ultra COIN	5.27%	1.10%
GEMG Leverage Shares 2X Long GEMI Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both COIA and GEMG in my portfolio?

COIA and GEMG have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COIA or GEMG?

On fees, GEMG 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, COIA or GEMG?

GEMG is cheaper with a 0.75% expense ratio, compared with 1.06% for COIA.

Which ETF pays a higher dividend yield, COIA or GEMG?

COIA has the higher dividend yield at 5.27%, compared with 0.00% for GEMG.

What is the main difference between COIA and GEMG?

They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 1.06% for COIA and 0.75% for GEMG.