COIA vs. IQQQ

Last updated Jun 26, 2026

COIA (ProShares Ultra COIN) and IQQQ (ProShares Nasdaq-100 High Income ETF) are both exchange-traded funds - COIA is a Leveraged Equities fund tracking the Coinbase Global, Inc., while IQQQ is a Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index. Both are passively managed. A 0.58 correlation means they provide meaningful diversification when combined. COIA charges 1.06%/yr vs 0.55%/yr for IQQQ.

Performance

COIA vs. IQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra COIN (COIA) and ProShares Nasdaq-100 High Income ETF (IQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COIA achieves a -72.68% return, which is significantly lower than IQQQ's 13.95% return.

COIA

• 1D: -10.00%
• 1M: -40.74%
• YTD: -72.68%
• 6M: -75.74%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IQQQ

• 1D: 0.87%
• 1M: -2.10%
• YTD: 13.95%
• 6M: 12.28%
• 1Y: 29.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COIA vs. IQQQ - Yearly Performance Comparison

	2026 (YTD)	2025
COIA ProShares Ultra COIN	-72.68%	-58.83%
IQQQ ProShares Nasdaq-100 High Income ETF	13.95%	6.10%

Correlation

The correlation between COIA and IQQQ 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 (All Time) Calculated using the full available price history since Sep 10, 2025	0.58

Return for Risk

COIA vs. IQQQ — Risk / Return Rank

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

COIA

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

IQQQ

IQQQ Risk / Return Rank: 58
IQQQ Sharpe Ratio Rank: 61
IQQQ Sortino Ratio Rank: 54
IQQQ Omega Ratio Rank: 56
IQQQ Calmar Ratio Rank: 62
IQQQ Martin Ratio Rank: 59

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.

COIA vs. IQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra COIN (COIA) and ProShares Nasdaq-100 High Income ETF (IQQQ). 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.

	COIA	IQQQ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.74	—
Sortino ratio: Return per unit of downside risk	—	2.28	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	2.66	—
Martin ratio: Return relative to average drawdown	—	9.05	—

Drawdowns

COIA vs. IQQQ - Drawdown Comparison

The maximum COIA drawdown since its inception was -91.91%, which is greater than IQQQ's maximum drawdown of -20.41%. Use the drawdown chart below to compare losses from any high point for COIA and IQQQ.

Drawdown Indicators

	COIA	IQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-91.91%	-20.41%	-71.50%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.13%	—
Current Drawdown Current decline from peak	-91.91%	-4.31%	-87.60%
Average Drawdown Average peak-to-trough decline	-63.68%	-3.63%	-60.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.27%	—

Volatility

Volatility by Period

	COIA	IQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.57%	—
Volatility (1Y) Calculated over the trailing 1-year period	140.07%	17.00%	+123.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	140.07%	19.06%	+121.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	140.07%	19.06%	+121.01%

COIA vs. IQQQ - Expense Ratio Comparison

COIA has a 1.06% expense ratio, which is higher than IQQQ's 0.55% expense ratio.

Dividends

COIA vs. IQQQ - Dividend Comparison

COIA's dividend yield for the trailing twelve months is around 7.57%, more than IQQQ's 4.61% yield.

Position	TTM	2025	2024
COIA ProShares Ultra COIN	7.57%	1.10%	0.00%
IQQQ ProShares Nasdaq-100 High Income ETF	4.61%	10.34%	7.27%

Frequently Asked Questions

Can I hold both COIA and IQQQ in my portfolio?

COIA and IQQQ 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 ETF is better, COIA or IQQQ?

On fees, IQQQ is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COIA or IQQQ?

IQQQ is cheaper with a 0.55% expense ratio, compared with 1.06% for COIA.

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

COIA has the higher dividend yield at 7.57%, compared with 4.61% for IQQQ.

What is the main difference between COIA and IQQQ?

COIA is categorized as Leveraged Equities, while IQQQ is Nasdaq-100. COIA tracks Coinbase Global, Inc., while IQQQ tracks Nasdaq-100 Daily Covered Call Index. Their fees differ too: 1.06% for COIA and 0.55% for IQQQ.