COIG vs. CSCL

Last updated Jul 12, 2026

COIG (Leverage Shares 2X Long COIN Daily ETF) and CSCL (Direxion Daily CSCO Bull 2X Shares) are both Leveraged Equities funds. Over the past year, COIG returned -91.14% vs 168.92% for CSCL. At a 0.26 correlation, their price movements are largely independent. COIG charges 0.75%/yr vs 1.07%/yr for CSCL.

Performance

COIG vs. CSCL - Performance Comparison

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

Returns By Period

In the year-to-date period, COIG achieves a -66.33% return, which is significantly lower than CSCL's 122.84% return.

COIG

• 1D: 0.67%
• 1M: -5.71%
• 6M: -69.95%
• YTD: -66.33%
• 1Y: -91.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSCL

• 1D: 5.31%
• 1M: -1.52%
• 6M: 140.54%
• YTD: 122.84%
• 1Y: 168.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COIG vs. CSCL - Yearly Performance Comparison

	2026 (YTD)	2025
COIG Leverage Shares 2X Long COIN Daily ETF	-66.33%	-67.79%
CSCL Direxion Daily CSCO Bull 2X Shares	122.84%	20.73%

Correlation

The correlation between COIG and CSCL is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.26

Return for Risk

COIG vs. CSCL — Risk / Return Rank

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

COIG

COIG Risk / Return Rank: 2
COIG Sharpe Ratio Rank: 4
COIG Sortino Ratio Rank: 1
COIG Omega Ratio Rank: 1
COIG Calmar Ratio Rank: 0
COIG Martin Ratio Rank: 3

CSCL

CSCL Risk / Return Rank: 87
CSCL Sharpe Ratio Rank: 92
CSCL Sortino Ratio Rank: 77
CSCL Omega Ratio Rank: 85
CSCL Calmar Ratio Rank: 95
CSCL Martin Ratio Rank: 84

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. CSCL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long COIN Daily ETF (COIG) and Direxion Daily CSCO Bull 2X Shares (CSCL). 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.

	COIG	CSCL	Difference
Sharpe ratio: Return per unit of total volatility	-0.68	2.53	-3.22
Sortino ratio: Return per unit of downside risk	-1.61	2.74	-4.35
Omega ratio: Gain probability vs. loss probability	0.82	1.40	-0.58
Calmar ratio: Return relative to maximum drawdown	-0.97	5.93	-6.91
Martin ratio: Return relative to average drawdown	-1.27	13.47	-14.73

COIG vs. CSCL - Sharpe Ratio Comparison

The current COIG Sharpe Ratio is -0.68, which is lower than the CSCL Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of COIG and CSCL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

COIG vs. CSCL - Drawdown Comparison

The maximum COIG drawdown since its inception was -93.79%, which is greater than CSCL's maximum drawdown of -27.41%. Use the drawdown chart below to compare losses from any high point for COIG and CSCL.

Drawdown Indicators

	COIG	CSCL	Difference
Max Drawdown Largest peak-to-trough decline	-93.79%	-27.41%	-66.38%
Max Drawdown (1Y) Largest decline over 1 year	-93.79%	-27.41%	-66.38%
Current Drawdown Current decline from peak	-92.43%	-14.47%	-77.96%
Average Drawdown Average peak-to-trough decline	-54.60%	-9.33%	-45.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	71.95%	12.07%	+59.88%

Volatility

COIG vs. CSCL - Volatility Comparison

Leverage Shares 2X Long COIN Daily ETF (COIG) has a higher volatility of 33.74% compared to Direxion Daily CSCO Bull 2X Shares (CSCL) at 20.67%. This indicates that COIG's price experiences larger fluctuations and is considered to be riskier than CSCL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COIG	CSCL	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.74%	20.67%	+13.07%
Volatility (6M) Calculated over the trailing 6-month period	103.75%	57.74%	+46.01%
Volatility (1Y) Calculated over the trailing 1-year period	133.85%	64.27%	+69.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	144.71%	63.26%	+81.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	144.71%	63.26%	+81.45%

COIG vs. CSCL - Expense Ratio Comparison

COIG has a 0.75% expense ratio, which is lower than CSCL's 1.07% expense ratio.

Dividends

COIG vs. CSCL - Dividend Comparison

COIG has not paid dividends to shareholders, while CSCL's dividend yield for the trailing twelve months is around 1.14%.

Position	TTM	2025
COIG Leverage Shares 2X Long COIN Daily ETF	0.00%	0.00%
CSCL Direxion Daily CSCO Bull 2X Shares	1.14%	1.31%

Frequently Asked Questions

Can I hold both COIG and CSCL in my portfolio?

COIG and CSCL have a correlation of 0.26, 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 CSCL?

COIG has higher volatility (33.74%) compared to CSCL (20.67%). In terms of maximum drawdown, COIG dropped -93.79% vs CSCL's -27.41%.

Which ETF is better, COIG or CSCL?

On 1-year performance, CSCL leads with 168.92% vs -91.14% for COIG. On fees, COIG is cheaper at 0.75% per year. On volatility, CSCL has been the lower-risk option at 20.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COIG or CSCL?

Over the 1-year period, CSCL has performed better with a 168.92% return vs -91.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COIG or CSCL?

COIG is cheaper with a 0.75% expense ratio, compared with 1.07% for CSCL.

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

CSCL has the higher dividend yield at 1.14%, compared with 0.00% for COIG.

What is the main difference between COIG and CSCL?

They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for COIG and 1.07% for CSCL.

Which has better risk-adjusted returns?

CSCL currently has the higher Sharpe Ratio (2.53 vs -0.68), 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.