COIG vs. YCS

Last updated Jun 23, 2026

COIG (Leverage Shares 2X Long COIN Daily ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - COIG is a Leveraged Equities fund actively managed by Leverage Shares, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). COIG is actively managed, while YCS is passively managed. Over the past year, COIG returned -85.23% vs 31.36% for YCS. At a 0.04 correlation, their price movements are largely independent. COIG charges 0.75%/yr vs 1.00%/yr for YCS.

Performance

COIG vs. YCS - 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 Yen (YCS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COIG achieves a -62.75% return, which is significantly lower than YCS's 9.78% return.

COIG

• 1D: 1.70%
• 1M: -24.51%
• YTD: -62.75%
• 6M: -69.27%
• 1Y: -85.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YCS

• 1D: 0.40%
• 1M: 3.71%
• YTD: 9.78%
• 6M: 9.63%
• 1Y: 31.36%
• 3Y*: 18.43%
• 5Y*: 23.50%
• 10Y*: 13.63%

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

COIG vs. YCS - Yearly Performance Comparison

	2026 (YTD)	2025
COIG Leverage Shares 2X Long COIN Daily ETF	-62.75%	-10.62%
YCS ProShares UltraShort Yen	9.78%	19.04%

Correlation

The correlation between COIG and YCS is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (All Time) Calculated using the full available price history since Mar 14, 2025	0.04

The correlation between COIG and YCS shifts across timeframes, from -0.09 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.

Return for Risk

COIG vs. YCS — Risk / Return Rank

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

COIG

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

YCS

YCS Risk / Return Rank: 61
YCS Sharpe Ratio Rank: 57
YCS Sortino Ratio Rank: 49
YCS Omega Ratio Rank: 57
YCS Calmar Ratio Rank: 77
YCS Martin Ratio Rank: 67

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. YCS - 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 Yen (YCS). 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	YCS	Difference
Sharpe ratio: Return per unit of total volatility	-0.63	1.86	-2.49
Sortino ratio: Return per unit of downside risk	-1.05	2.37	-3.42
Omega ratio: Gain probability vs. loss probability	0.88	1.35	-0.46
Calmar ratio: Return relative to maximum drawdown	-0.92	3.79	-4.71
Martin ratio: Return relative to average drawdown	-1.24	11.86	-13.09

COIG vs. YCS - Sharpe Ratio Comparison

The current COIG Sharpe Ratio is -0.63, which is lower than the YCS Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of COIG and YCS, 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. YCS - Drawdown Comparison

The maximum COIG drawdown since its inception was -92.67%, which is greater than YCS's maximum drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for COIG and YCS.

Drawdown Indicators

	COIG	YCS	Difference
Max Drawdown Largest peak-to-trough decline	-92.67%	-49.56%	-43.11%
Max Drawdown (1Y) Largest decline over 1 year	-92.67%	-8.30%	-84.37%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.05%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.32%	—
Current Drawdown Current decline from peak	-91.63%	0.00%	-91.63%
Average Drawdown Average peak-to-trough decline	-53.05%	-19.88%	-33.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	68.85%	2.65%	+66.20%

Volatility

COIG vs. YCS - Volatility Comparison

Leverage Shares 2X Long COIN Daily ETF (COIG) has a higher volatility of 35.76% compared to ProShares UltraShort Yen (YCS) at 2.22%. This indicates that COIG's price experiences larger fluctuations and is considered to be riskier than YCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COIG	YCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	35.76%	2.22%	+33.54%
Volatility (6M) Calculated over the trailing 6-month period	101.76%	12.19%	+89.57%
Volatility (1Y) Calculated over the trailing 1-year period	135.60%	16.96%	+118.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	145.26%	21.10%	+124.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	145.26%	18.96%	+126.30%

COIG vs. YCS - Expense Ratio Comparison

COIG has a 0.75% expense ratio, which is lower than YCS's 1.00% expense ratio.

Dividends

COIG vs. YCS - Dividend Comparison

Neither COIG nor YCS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both COIG and YCS in my portfolio?

COIG and YCS have a correlation of -0.09, 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 YCS?

COIG has higher volatility (35.76%) compared to YCS (2.22%). In terms of maximum drawdown, COIG dropped -92.67% vs YCS's -49.56%.

Which ETF is better, COIG or YCS?

On 1-year performance, YCS leads with 31.36% vs -85.23% for COIG. On fees, COIG is cheaper at 0.75% per year. On volatility, YCS has been the lower-risk option at 2.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COIG or YCS?

Over the 1-year period, YCS has performed better with a 31.36% return vs -85.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COIG or YCS?

COIG is cheaper with a 0.75% expense ratio, compared with 1.00% for YCS.

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

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

What is the main difference between COIG and YCS?

COIG is categorized as Leveraged Equities, while YCS is Leveraged Currency. They also come from different issuers: Leverage Shares and ProShares. Their fees differ too: 0.75% for COIG and 1.00% for YCS.

Which has better risk-adjusted returns?

YCS currently has the higher Sharpe Ratio (1.86 vs -0.63), 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.