COIA vs. QLD
COIA (ProShares Ultra COIN) and QLD (ProShares Ultra QQQ) are both Leveraged Equities funds from ProShares - COIA tracks the Coinbase Global, Inc. while QLD tracks the NASDAQ-100 Index (200%). Both are passively managed. A 0.57 correlation means they provide meaningful diversification when combined. COIA charges 1.06%/yr vs 0.95%/yr for QLD.
Performance
COIA vs. QLD - Performance Comparison
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Returns By Period
In the year-to-date period, COIA achieves a -63.09% return, which is significantly lower than QLD's 29.58% return.
COIA
- 1D
- 1.80%
- 1M
- -24.24%
- YTD
- -63.09%
- 6M
- -69.46%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QLD
- 1D
- -6.61%
- 1M
- -2.02%
- YTD
- 29.58%
- 6M
- 26.13%
- 1Y
- 66.80%
- 3Y*
- 43.61%
- 5Y*
- 21.41%
- 10Y*
- 36.27%
COIA vs. QLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
COIA ProShares Ultra COIN | -63.09% | -58.83% |
QLD ProShares Ultra QQQ | 29.58% | 9.66% |
Correlation
The correlation between COIA and QLD is 0.57, 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 | 0.57 |
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Return for Risk
COIA vs. QLD — Risk / Return Rank
COIA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QLD
COIA vs. QLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra COIN (COIA) and ProShares Ultra QQQ (QLD). 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 | QLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.67 | — |
| Martin ratioReturn relative to average drawdown | — | 9.05 | — |
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Drawdowns
COIA vs. QLD - Drawdown Comparison
The maximum COIA drawdown since its inception was -90.45%, which is greater than QLD's maximum drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for COIA and QLD.
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Drawdown Indicators
| COIA | QLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.45% | -83.13% | -7.32% |
Max Drawdown (1Y)Largest decline over 1 year | — | -25.13% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -42.29% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -63.68% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.68% | — |
Current DrawdownCurrent decline from peak | -89.07% | -9.26% | -79.81% |
Average DrawdownAverage peak-to-trough decline | -63.26% | -18.14% | -45.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.40% | — |
Volatility
COIA vs. QLD - Volatility Comparison
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Volatility by Period
| COIA | QLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 18.22% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 28.95% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 140.04% | 35.77% | +104.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 140.04% | 45.34% | +94.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 140.04% | 44.80% | +95.24% |
COIA vs. QLD - Expense Ratio Comparison
COIA has a 1.06% expense ratio, which is higher than QLD's 0.95% expense ratio.
Dividends
COIA vs. QLD - Dividend Comparison
COIA's dividend yield for the trailing twelve months is around 4.84%, more than QLD's 0.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COIA ProShares Ultra COIN | 4.84% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.13% | 0.17% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.21% | 0.11% |
Frequently Asked Questions
COIA and QLD have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QLD is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QLD is cheaper with a 0.95% expense ratio, compared with 1.06% for COIA.
COIA has the higher dividend yield at 4.84%, compared with 0.13% for QLD.
COIA tracks Coinbase Global, Inc., while QLD tracks NASDAQ-100 Index (200%). Their fees differ too: 1.06% for COIA and 0.95% for QLD.
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