COIO vs. NVDO

Last updated Jun 4, 2026

COIO (Leverage Shares 2x Capped Accelerated COIN Monthly ETF) and NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) are both Defined Outcome funds from Leverage Shares. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. Both charge a 0.77% expense ratio.

Performance

COIO vs. NVDO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2x Capped Accelerated COIN Monthly ETF (COIO) and Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COIO achieves a -21.03% return, which is significantly lower than NVDO's 18.85% return.

COIO

• 1D: -5.76%
• 1M: -16.64%
• YTD: -21.03%
• 6M: -36.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDO

• 1D: -2.46%
• 1M: 14.15%
• YTD: 18.85%
• 6M: 29.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COIO vs. NVDO - Yearly Performance Comparison

	2026 (YTD)	2025
COIO Leverage Shares 2x Capped Accelerated COIN Monthly ETF	-21.03%	-27.09%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	18.85%	11.12%

Correlation

The correlation between COIO and NVDO is 0.40, 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 Aug 14, 2025	0.40

Return for Risk

COIO vs. NVDO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Capped Accelerated COIN Monthly ETF (COIO) and Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	COIO	NVDO	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.77	1.30	-2.07

Drawdowns

COIO vs. NVDO - Drawdown Comparison

The maximum COIO drawdown since its inception was -62.48%, which is greater than NVDO's maximum drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for COIO and NVDO.

Drawdown Indicators

	COIO	NVDO	Difference
Max Drawdown Largest peak-to-trough decline	-62.48%	-16.25%	-46.23%
Current Drawdown Current decline from peak	-52.21%	-2.68%	-49.53%
Average Drawdown Average peak-to-trough decline	-31.44%	-4.99%	-26.45%

Volatility

Volatility by Period

	COIO	NVDO	Difference
Volatility (1Y) Calculated over the trailing 1-year period	64.87%	31.93%	+32.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.87%	31.93%	+32.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.87%	31.93%	+32.94%

COIO vs. NVDO - Expense Ratio Comparison

Both COIO and NVDO have an expense ratio of 0.77%.

Dividends

COIO vs. NVDO - Dividend Comparison

COIO's dividend yield for the trailing twelve months is around 88.91%, more than NVDO's 14.02% yield.

Position	TTM	2025
COIO Leverage Shares 2x Capped Accelerated COIN Monthly ETF	88.91%	70.21%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	14.02%	16.66%

Frequently Asked Questions

Can I hold both COIO and NVDO in my portfolio?

COIO and NVDO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COIO or NVDO?

Both ETFs have the same 0.77% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COIO or NVDO?

COIO and NVDO have the same expense ratio: 0.77% per year.

Which ETF pays a higher dividend yield, COIO or NVDO?

COIO has the higher dividend yield at 88.91%, compared with 14.02% for NVDO.