COIO vs. PMAU

Last updated Jun 4, 2026

COIO (Leverage Shares 2x Capped Accelerated COIN Monthly ETF) and PMAU (PGIM S&P 500 Max Buffer ETF - August) are both Defined Outcome funds. Both are actively managed. A 0.56 correlation means they provide meaningful diversification when combined. COIO charges 0.77%/yr vs 0.50%/yr for PMAU.

Performance

COIO vs. PMAU - 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 PGIM S&P 500 Max Buffer ETF - August (PMAU). 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 PMAU's 2.95% return.

COIO

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

PMAU

• 1D: -0.02%
• 1M: 0.89%
• YTD: 2.95%
• 6M: 3.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COIO vs. PMAU - Yearly Performance Comparison

	2026 (YTD)	2025
COIO Leverage Shares 2x Capped Accelerated COIN Monthly ETF	-21.03%	-27.09%
PMAU PGIM S&P 500 Max Buffer ETF - August	2.95%	2.34%

Correlation

The correlation between COIO and PMAU is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 14, 2025	0.56

Return for Risk

COIO vs. PMAU - 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 PGIM S&P 500 Max Buffer ETF - August (PMAU). 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	PMAU	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.77	2.90	-3.67

Drawdowns

COIO vs. PMAU - Drawdown Comparison

The maximum COIO drawdown since its inception was -62.48%, which is greater than PMAU's maximum drawdown of -1.79%. Use the drawdown chart below to compare losses from any high point for COIO and PMAU.

Drawdown Indicators

	COIO	PMAU	Difference
Max Drawdown Largest peak-to-trough decline	-62.48%	-1.79%	-60.69%
Current Drawdown Current decline from peak	-52.21%	-0.02%	-52.19%
Average Drawdown Average peak-to-trough decline	-31.44%	-0.17%	-31.27%

Volatility

Volatility by Period

	COIO	PMAU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	64.87%	2.51%	+62.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.87%	2.51%	+62.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.87%	2.51%	+62.36%

COIO vs. PMAU - Expense Ratio Comparison

COIO has a 0.77% expense ratio, which is higher than PMAU's 0.50% expense ratio.

Dividends

COIO vs. PMAU - Dividend Comparison

COIO's dividend yield for the trailing twelve months is around 88.91%, while PMAU has not paid dividends to shareholders.

Position	TTM	2025
COIO Leverage Shares 2x Capped Accelerated COIN Monthly ETF	88.91%	70.21%
PMAU PGIM S&P 500 Max Buffer ETF - August	0.00%	0.00%

Frequently Asked Questions

Can I hold both COIO and PMAU in my portfolio?

COIO and PMAU have a correlation of 0.56, 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 PMAU?

On fees, PMAU is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COIO or PMAU?

PMAU is cheaper with a 0.50% expense ratio, compared with 0.77% for COIO.

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

COIO has the higher dividend yield at 88.91%, compared with 0.00% for PMAU.

What is the main difference between COIO and PMAU?

They also come from different issuers: Leverage Shares and PGIM. Their fees differ too: 0.77% for COIO and 0.50% for PMAU.