COIO vs. TSMG

Last updated Jun 24, 2026

COIO (Leverage Shares 2x Capped Accelerated COIN Monthly ETF) and TSMG (Leverage Shares 2X Long TSM Daily ETF) are both exchange-traded funds - COIO is a Defined Outcome fund actively managed by Leverage Shares, while TSMG is a Leveraged Equities fund actively managed by Leverage Shares. Both are actively managed. At a 0.35 correlation, their price movements are largely independent. COIO charges 0.77%/yr vs 0.75%/yr for TSMG.

Performance

COIO vs. TSMG - 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 Long TSM Daily ETF (TSMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COIO achieves a -18.06% return, which is significantly lower than TSMG's 80.39% return.

COIO

• 1D: 0.00%
• 1M: -8.34%
• YTD: -18.06%
• 6M: -24.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMG

• 1D: -13.49%
• 1M: 12.90%
• YTD: 80.39%
• 6M: 88.25%
• 1Y: 241.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COIO vs. TSMG - Yearly Performance Comparison

	2026 (YTD)	2025
COIO Leverage Shares 2x Capped Accelerated COIN Monthly ETF	-18.06%	-29.74%
TSMG Leverage Shares 2X Long TSM Daily ETF	80.39%	43.91%

Correlation

The correlation between COIO and TSMG is 0.35, 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 13, 2025	0.35

Return for Risk

COIO vs. TSMG — Risk / Return Rank

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

COIO

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

TSMG

TSMG Risk / Return Rank: 85
TSMG Sharpe Ratio Rank: 93
TSMG Sortino Ratio Rank: 75
TSMG Omega Ratio Rank: 70
TSMG Calmar Ratio Rank: 94
TSMG Martin Ratio Rank: 92

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.

COIO vs. TSMG - 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 Long TSM Daily ETF (TSMG). 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.

	COIO	TSMG	Difference
Sharpe ratio: Return per unit of total volatility	—	3.17	—
Sortino ratio: Return per unit of downside risk	—	3.15	—
Omega ratio: Gain probability vs. loss probability	—	1.39	—
Calmar ratio: Return relative to maximum drawdown	—	6.90	—
Martin ratio: Return relative to average drawdown	—	22.04	—

Drawdowns

COIO vs. TSMG - Drawdown Comparison

The maximum COIO drawdown since its inception was -62.48%, roughly equal to the maximum TSMG drawdown of -63.67%. Use the drawdown chart below to compare losses from any high point for COIO and TSMG.

Drawdown Indicators

	COIO	TSMG	Difference
Max Drawdown Largest peak-to-trough decline	-62.48%	-63.67%	+1.19%
Max Drawdown (1Y) Largest decline over 1 year	—	-35.29%	—
Current Drawdown Current decline from peak	-50.41%	-13.49%	-36.92%
Average Drawdown Average peak-to-trough decline	-32.92%	-16.65%	-16.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.03%	—

Volatility

Volatility by Period

	COIO	TSMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	33.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	60.76%	—
Volatility (1Y) Calculated over the trailing 1-year period	64.24%	76.78%	-12.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.24%	83.21%	-18.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.24%	83.21%	-18.97%

COIO vs. TSMG - Expense Ratio Comparison

COIO has a 0.77% expense ratio, which is higher than TSMG's 0.75% expense ratio.

Dividends

COIO vs. TSMG - Dividend Comparison

COIO's dividend yield for the trailing twelve months is around 85.68%, more than TSMG's 6.37% yield.

Position	TTM	2025
COIO Leverage Shares 2x Capped Accelerated COIN Monthly ETF	85.68%	70.21%
TSMG Leverage Shares 2X Long TSM Daily ETF	6.37%	11.48%

Frequently Asked Questions

Can I hold both COIO and TSMG in my portfolio?

COIO and TSMG have a correlation of 0.35, 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 TSMG?

On fees, TSMG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COIO or TSMG?

TSMG is cheaper with a 0.75% expense ratio, compared with 0.77% for COIO.

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

COIO has the higher dividend yield at 85.68%, compared with 6.37% for TSMG.

What is the main difference between COIO and TSMG?

COIO is categorized as Defined Outcome, while TSMG is Leveraged Equities. Their fees differ too: 0.77% for COIO and 0.75% for TSMG.