COIG vs. BIS

Last updated Jun 5, 2026

COIG (Leverage Shares 2X Long COIN Daily ETF) and BIS (ProShares UltraShort Nasdaq Biotechnology) are both Leveraged Equities funds. COIG is actively managed, while BIS is passively managed. Over the past year, COIG returned -78.85% vs -52.09% for BIS. At a correlation of -0.38, they often move in opposite directions. COIG charges 0.75%/yr vs 0.95%/yr for BIS.

Performance

COIG vs. BIS - Performance Comparison

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

Returns By Period

In the year-to-date period, COIG achieves a -61.94% return, which is significantly lower than BIS's -10.87% return.

COIG

• 1D: -0.23%
• 1M: -34.67%
• YTD: -61.94%
• 6M: -74.70%
• 1Y: -78.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BIS

• 1D: -4.83%
• 1M: -2.10%
• YTD: -10.87%
• 6M: -8.91%
• 1Y: -52.09%
• 3Y*: -22.48%
• 5Y*: -15.34%
• 10Y*: -23.48%

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

COIG vs. BIS - Yearly Performance Comparison

	2026 (YTD)	2025
COIG Leverage Shares 2X Long COIN Daily ETF	-61.94%	-9.46%
BIS ProShares UltraShort Nasdaq Biotechnology	-10.87%	-42.74%

Correlation

The correlation between COIG and BIS is -0.36, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.36
Correlation (All Time) Calculated using the full available price history since Mar 17, 2025	-0.38

Return for Risk

COIG vs. BIS — Risk / Return Rank

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

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

BIS

BIS Risk / Return Rank: 1
BIS Sharpe Ratio Rank: 0
BIS Sortino Ratio Rank: 1
BIS Omega Ratio Rank: 1
BIS Calmar Ratio Rank: 1
BIS Martin Ratio Rank: 2

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.

COIG vs. BIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long COIN Daily ETF (COIG) and ProShares UltraShort Nasdaq Biotechnology (BIS). 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.

	COIG	BIS	Difference
Sharpe ratio: Return per unit of total volatility	-0.57	-1.31	+0.74
Sortino ratio: Return per unit of downside risk	-0.63	-2.13	+1.49
Omega ratio: Gain probability vs. loss probability	0.93	0.77	+0.16
Calmar ratio: Return relative to maximum drawdown	-0.86	-0.96	+0.10
Martin ratio: Return relative to average drawdown	-1.19	-1.31	+0.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COIG vs. BIS - Sharpe Ratio Comparison

The current COIG Sharpe Ratio is -0.57, which is higher than the BIS Sharpe Ratio of -1.31. The chart below compares the historical Sharpe Ratios of COIG and BIS, 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

	COIG	BIS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.57	-1.31	+0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.35	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.40	-0.68	+0.28

Drawdowns

COIG vs. BIS - Drawdown Comparison

The maximum COIG drawdown since its inception was -92.06%, smaller than the maximum BIS drawdown of -99.87%. Use the drawdown chart below to compare losses from any high point for COIG and BIS.

Drawdown Indicators

	COIG	BIS	Difference
Max Drawdown Largest peak-to-trough decline	-92.06%	-99.87%	+7.81%
Max Drawdown (1Y) Largest decline over 1 year	-92.06%	-54.50%	-37.56%
Max Drawdown (3Y) Largest decline over 3 years	—	-66.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-74.80%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-95.25%	—
Current Drawdown Current decline from peak	-91.44%	-99.86%	+8.42%
Average Drawdown Average peak-to-trough decline	-51.83%	-90.03%	+38.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	66.13%	39.73%	+26.40%

Volatility

COIG vs. BIS - Volatility Comparison

Leverage Shares 2X Long COIN Daily ETF (COIG) has a higher volatility of 37.76% compared to ProShares UltraShort Nasdaq Biotechnology (BIS) at 14.76%. This indicates that COIG's price experiences larger fluctuations and is considered to be riskier than BIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COIG	BIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.76%	14.76%	+23.00%
Volatility (6M) Calculated over the trailing 6-month period	100.15%	31.31%	+68.84%
Volatility (1Y) Calculated over the trailing 1-year period	138.95%	39.91%	+99.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	146.21%	43.78%	+102.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	146.21%	46.38%	+99.83%

COIG vs. BIS - Expense Ratio Comparison

COIG has a 0.75% expense ratio, which is lower than BIS's 0.95% expense ratio.

Dividends

COIG vs. BIS - Dividend Comparison

COIG has not paid dividends to shareholders, while BIS's dividend yield for the trailing twelve months is around 5.17%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BIS ProShares UltraShort Nasdaq Biotechnology	5.17%	5.25%	3.73%	1.75%	0.00%	0.00%	0.45%	2.11%	0.37%
COIG Leverage Shares 2X Long COIN Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both COIG and BIS in my portfolio?

COIG and BIS have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COIG or BIS?

COIG has higher volatility (37.76%) compared to BIS (14.76%). In terms of maximum drawdown, COIG dropped -92.06% vs BIS's -99.87%.

Which ETF is better, COIG or BIS?

On 1-year performance, BIS leads with -52.09% vs -78.85% for COIG. On fees, COIG is cheaper at 0.75% per year. On volatility, BIS has been the lower-risk option at 14.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COIG or BIS?

Over the 1-year period, BIS has performed better with a -52.09% return vs -78.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COIG or BIS?

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

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

BIS has the higher dividend yield at 5.17%, compared with 0.00% for COIG.

What is the main difference between COIG and BIS?

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

Which has better risk-adjusted returns?

COIG currently has the higher Sharpe Ratio (-0.57 vs -1.31), 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.