COIG vs. IREG

Last updated Jun 5, 2026

COIG (Leverage Shares 2X Long COIN Daily ETF) and IREG (Leverage Shares 2X Long IREN Daily ETF) are both Leveraged Equities funds from Leverage Shares. Both are actively managed. At a 0.43 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.

Performance

COIG vs. IREG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long COIN Daily ETF (COIG) and Leverage Shares 2X Long IREN Daily ETF (IREG). 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 IREG's 56.37% return.

COIG

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

IREG

• 1D: -11.36%
• 1M: 14.10%
• YTD: 56.37%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COIG vs. IREG - Yearly Performance Comparison

	2026 (YTD)	2025
COIG Leverage Shares 2X Long COIN Daily ETF	-61.94%	-20.80%
IREG Leverage Shares 2X Long IREN Daily ETF	56.37%	3.65%

Correlation

The correlation between COIG and IREG is 0.43, 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 Dec 17, 2025	0.43

Return for Risk

COIG vs. IREG — 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

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. IREG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long COIN Daily ETF (COIG) and Leverage Shares 2X Long IREN Daily ETF (IREG). 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	IREG	Difference
Sharpe ratio: Return per unit of total volatility	-0.57	—	—
Sortino ratio: Return per unit of downside risk	-0.63	—	—
Omega ratio: Gain probability vs. loss probability	0.93	—	—
Calmar ratio: Return relative to maximum drawdown	-0.86	—	—
Martin ratio: Return relative to average drawdown	-1.19	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	COIG	IREG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.40	0.90	-1.30

Drawdowns

COIG vs. IREG - Drawdown Comparison

The maximum COIG drawdown since its inception was -92.06%, which is greater than IREG's maximum drawdown of -80.08%. Use the drawdown chart below to compare losses from any high point for COIG and IREG.

Drawdown Indicators

	COIG	IREG	Difference
Max Drawdown Largest peak-to-trough decline	-92.06%	-80.08%	-11.98%
Max Drawdown (1Y) Largest decline over 1 year	-92.06%	—	—
Current Drawdown Current decline from peak	-91.44%	-37.68%	-53.76%
Average Drawdown Average peak-to-trough decline	-51.83%	-44.04%	-7.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	66.13%	—	—

Volatility

Volatility by Period

	COIG	IREG	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	100.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	138.95%	207.94%	-68.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	146.21%	207.94%	-61.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	146.21%	207.94%	-61.73%

COIG vs. IREG - Expense Ratio Comparison

Both COIG and IREG have an expense ratio of 0.75%.

Dividends

COIG vs. IREG - Dividend Comparison

Neither COIG nor IREG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both COIG and IREG in my portfolio?

COIG and IREG have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COIG or IREG?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COIG or IREG?

COIG and IREG have the same expense ratio: 0.75% per year.

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

COIG and IREG have nearly identical dividend yields, around 0.00%.