COII.L vs. COIY.L
COII.L (IncomeShares Coinbase (COIN) Options ETP GBP) and COIY.L (IncomeShares Coinbase (COIN) Options ETP) are both Derivative Income funds from Leverage Shares. Both are actively managed. Over the past year, COII.L returned -65.82% vs -65.86% for COIY.L. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.55% expense ratio.
Performance
COII.L vs. COIY.L - Performance Comparison
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Different Trading Currencies
COII.L is traded in GBp, while COIY.L is traded in USD. To make them comparable, the COIY.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with COII.L having a -44.56% return and COIY.L slightly lower at -44.65%.
COII.L
- 1D
- -0.71%
- 1M
- -12.47%
- YTD
- -44.56%
- 6M
- -52.15%
- 1Y
- -65.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COIY.L
- 1D
- -1.05%
- 1M
- -12.62%
- YTD
- -44.65%
- 6M
- -52.28%
- 1Y
- -65.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COII.L vs. COIY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
COII.L IncomeShares Coinbase (COIN) Options ETP GBP | -44.56% | -47.27% | 15.90% |
COIY.L IncomeShares Coinbase (COIN) Options ETP | -44.65% | -47.38% | 16.19% |
Correlation
The correlation between COII.L and COIY.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2024 | 0.98 |
The correlation between COII.L and COIY.L has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
COII.L vs. COIY.L — Risk / Return Rank
COII.L
COIY.L
COII.L vs. COIY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Coinbase (COIN) Options ETP GBP (COII.L) and IncomeShares Coinbase (COIN) Options ETP (COIY.L). 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.
| COII.L | COIY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.78 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | -0.88 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.34 | -1.34 | 0.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COII.L | COIY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.09 | -1.06 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.81 | -0.81 | 0.00 |
Drawdowns
COII.L vs. COIY.L - Drawdown Comparison
The maximum COII.L drawdown since its inception was -76.00%, roughly equal to the maximum COIY.L drawdown of -76.10%. Use the drawdown chart below to compare losses from any high point for COII.L and COIY.L.
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Drawdown Indicators
| COII.L | COIY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.00% | -76.10% | +0.10% |
Max Drawdown (1Y)Largest decline over 1 year | -74.77% | -74.87% | +0.10% |
Current DrawdownCurrent decline from peak | -75.01% | -75.06% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -34.14% | -34.21% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.16% | 49.19% | -0.03% |
Volatility
COII.L vs. COIY.L - Volatility Comparison
IncomeShares Coinbase (COIN) Options ETP GBP (COII.L) and IncomeShares Coinbase (COIN) Options ETP (COIY.L) have volatilities of 16.24% and 16.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COII.L | COIY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.24% | 16.53% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 41.47% | 42.32% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.26% | 62.01% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.71% | 58.95% | -0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.71% | 58.95% | -0.24% |
COII.L vs. COIY.L - Expense Ratio Comparison
Both COII.L and COIY.L have an expense ratio of 0.55%.
Dividends
COII.L vs. COIY.L - Dividend Comparison
COII.L's dividend yield for the trailing twelve months is around 105.73%, which matches COIY.L's 106.03% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
COII.L IncomeShares Coinbase (COIN) Options ETP GBP | 105.73% | 191.72% | 18.99% |
COIY.L IncomeShares Coinbase (COIN) Options ETP | 106.03% | 182.52% | 19.35% |
Frequently Asked Questions
With a correlation of 0.97, COII.L and COIY.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
COII.L and COIY.L have the same expense ratio: 0.55% per year.
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