COIA vs. XTAP
COIA (ProShares Ultra COIN) and XTAP (Innovator U.S. Equity Accelerated Plus ETF) are both Leveraged Equities funds. COIA is passively managed, while XTAP is actively managed. At a 0.50 correlation, their price movements are largely independent. COIA charges 1.06%/yr vs 0.79%/yr for XTAP.
Performance
COIA vs. XTAP - Performance Comparison
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Returns By Period
In the year-to-date period, COIA achieves a -66.40% return, which is significantly lower than XTAP's 11.99% return.
COIA
- 1D
- -8.05%
- 1M
- -14.10%
- 6M
- -69.18%
- YTD
- -66.40%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XTAP
- 1D
- -0.25%
- 1M
- 0.74%
- 6M
- 11.66%
- YTD
- 11.99%
- 1Y
- 18.69%
- 3Y*
- 16.74%
- 5Y*
- 10.92%
- 10Y*
- —
COIA vs. XTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
COIA ProShares Ultra COIN | -66.40% | -58.83% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 11.99% | 3.46% |
Correlation
The correlation between COIA and XTAP is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025 | 0.50 |
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Return for Risk
COIA vs. XTAP — Risk / Return Rank
COIA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XTAP
COIA vs. XTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra COIN (COIA) and Innovator U.S. Equity Accelerated Plus ETF (XTAP). 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 | XTAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 2.00 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 10.94 | — |
| Martin ratioReturn relative to average drawdown | — | 57.97 | — |
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Drawdowns
COIA vs. XTAP - Drawdown Comparison
The maximum COIA drawdown since its inception was -91.91%, which is greater than XTAP's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for COIA and XTAP.
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Drawdown Indicators
| COIA | XTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.91% | -22.13% | -69.78% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.72% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.83% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.13% | — |
Current DrawdownCurrent decline from peak | -90.05% | -0.25% | -89.80% |
Average DrawdownAverage peak-to-trough decline | -65.41% | -3.39% | -62.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.32% | — |
Volatility
COIA vs. XTAP - Volatility Comparison
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Volatility by Period
| COIA | XTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.48% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.83% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 138.68% | 4.77% | +133.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 138.68% | 14.55% | +124.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 138.68% | 14.28% | +124.40% |
COIA vs. XTAP - Expense Ratio Comparison
COIA has a 1.06% expense ratio, which is higher than XTAP's 0.79% expense ratio.
Dividends
COIA vs. XTAP - Dividend Comparison
COIA's dividend yield for the trailing twelve months is around 6.15%, while XTAP has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
COIA ProShares Ultra COIN | 6.15% | 1.10% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 0.00% | 0.00% |
Frequently Asked Questions
COIA and XTAP have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XTAP is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XTAP is cheaper with a 0.79% expense ratio, compared with 1.06% for COIA.
COIA has the higher dividend yield at 6.15%, compared with 0.00% for XTAP.
They also come from different issuers: ProShares and Innovator. Their fees differ too: 1.06% for COIA and 0.79% for XTAP.
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