COIG vs. FLSP

Last updated Aug 6, 2026

COIG (Leverage Shares 2X Long COIN Daily ETF) and FLSP (Franklin Systematic Style Premia ETF) are both exchange-traded funds - COIG is a Leveraged Equities fund actively managed by Leverage Shares, while FLSP is a Multistrategy fund actively managed by Franklin Templeton. Both are actively managed. Over the past year, COIG returned -86.62% vs 16.35% for FLSP. Their -0.12 correlation means they have often moved in opposite directions in the past. COIG charges 0.75%/yr vs 0.65%/yr for FLSP.

Performance

COIG vs. FLSP - Performance Comparison

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

Returns By Period

In the year-to-date period, COIG achieves a -71.60% return, which is significantly lower than FLSP's 4.94% return.

COIG

• 1D: -1.67%
• 1M: -25.41%
• 6M: -46.33%
• YTD: -71.60%
• 1Y: -86.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -62.61%

FLSP

• 1D: 1.15%
• 1M: 3.98%
• 6M: 3.68%
• YTD: 4.94%
• 1Y: 16.35%
• 3Y*: 10.45%
• 5Y*: 8.32%
• 10Y*: —
• ALL TIME*: 4.51%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
COIG Leverage Shares 2X Long COIN Daily ETF	$1.11M	$919.59K	$997.21K
FLSP Franklin Systematic Style Premia ETF	$2.77M	$2.50M	$2.86M

COIG vs. FLSP - Yearly Performance Comparison

	2026 (YTD)	2025
COIG Leverage Shares 2X Long COIN Daily ETF	-71.60%	-10.62%
FLSP Franklin Systematic Style Premia ETF	4.94%	15.65%

Correlation

The correlation between COIG and FLSP is -0.11, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.11
Correlation (All Time) Calculated using the full available price history since Mar 14, 2025	-0.12

Return for Risk

COIG vs. FLSP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

COIG

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

FLSP

FLSP Risk / Return Rank: 76
FLSP Sharpe Ratio Rank: 69
FLSP Sortino Ratio Rank: 72
FLSP Omega Ratio Rank: 66
FLSP Calmar Ratio Rank: 89
FLSP Martin Ratio Rank: 81

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

COIG vs. FLSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long COIN Daily ETF (COIG) and Franklin Systematic Style Premia ETF (FLSP). 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	FLSP	Difference
Sharpe ratio: Return per unit of total volatility	-0.65	1.83	-2.48
Sortino ratio: Return per unit of downside risk	-1.21	2.65	-3.87
Omega ratio: Gain probability vs. loss probability	0.87	1.32	-0.45
Calmar ratio: Return relative to maximum drawdown	-0.94	4.08	-5.02
Martin ratio: Return relative to average drawdown	-1.26	12.15	-13.41

COIG vs. FLSP - Sharpe Ratio Comparison

The current COIG Sharpe Ratio is -0.65, which is lower than the FLSP Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of COIG and FLSP, 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. FLSP - Drawdown Comparison

The maximum COIG drawdown since its inception was -93.94%, which is greater than FLSP's maximum drawdown of -22.75%. Use the drawdown chart below to compare losses from any high point for COIG and FLSP.

Drawdown Indicators

	COIG	FLSP	Difference
Max Drawdown Largest peak-to-trough decline	-93.94%	-22.75%	-71.19%
Max Drawdown (1Y) Largest decline over 1 year	-91.96%	-4.03%	-87.93%
Max Drawdown (3Y) Largest decline over 3 years	—	-6.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.52%	—
Current Drawdown Current decline from peak	-93.62%	-0.25%	-93.37%
Average Drawdown Average peak-to-trough decline	-56.55%	-6.15%	-50.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	68.65%	1.35%	+67.30%

Volatility

COIG vs. FLSP - Volatility Comparison

Leverage Shares 2X Long COIN Daily ETF (COIG) has a higher volatility of 40.41% compared to Franklin Systematic Style Premia ETF (FLSP) at 2.97%. This indicates that COIG's price experiences larger fluctuations and is considered to be riskier than FLSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COIG	FLSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	40.41%	2.97%	+37.44%
Volatility (6M) Calculated over the trailing 6-month period	107.98%	6.60%	+101.38%
Volatility (1Y) Calculated over the trailing 1-year period	134.21%	9.00%	+125.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	144.64%	13.38%	+131.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	144.64%	13.42%	+131.22%

COIG vs. FLSP - Expense Ratio Comparison

COIG has a 0.75% expense ratio, which is higher than FLSP's 0.65% expense ratio.

Dividends

COIG vs. FLSP - Dividend Comparison

COIG has not paid dividends to shareholders, while FLSP's dividend yield for the trailing twelve months is around 2.53%.

Position	TTM	2025	2024	2023	2022	2021	2020
COIG Leverage Shares 2X Long COIN Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FLSP Franklin Systematic Style Premia ETF	2.53%	2.65%	1.18%	1.19%	2.18%	1.19%	8.08%

Frequently Asked Questions

Can I hold both COIG and FLSP in my portfolio?

COIG and FLSP have a correlation of -0.11, 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 FLSP?

COIG has higher volatility (40.41%) compared to FLSP (2.97%). In terms of maximum drawdown, COIG dropped -93.94% vs FLSP's -22.75%.

Which ETF is better, COIG or FLSP?

On 1-year performance, FLSP leads with 16.35% vs -86.62% for COIG. On fees, FLSP is cheaper at 0.65% per year. On volatility, FLSP has been the lower-risk option at 2.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COIG or FLSP?

Over the 1-year period, FLSP has performed better with a 16.35% return vs -86.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COIG or FLSP?

FLSP is cheaper with a 0.65% expense ratio, compared with 0.75% for COIG.

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

FLSP has the higher dividend yield at 2.53%, compared with 0.00% for COIG.

What is the main difference between COIG and FLSP?

COIG is categorized as Leveraged Equities, while FLSP is Multistrategy. They also come from different issuers: Leverage Shares and Franklin Templeton. Their fees differ too: 0.75% for COIG and 0.65% for FLSP.

Which has better risk-adjusted returns?

FLSP currently has the higher Sharpe Ratio (1.83 vs -0.65), 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.