COIW vs. COIN
COIW (COIN WeeklyPay™ ETF) is Derivative Income fund actively managed by Roundhill, while COIN (Coinbase Global, Inc.) is a stock. Over the past year, COIW returned -40.15% vs -29.48% for COIN. With a 1.00 correlation, they move nearly in lockstep.
Performance
COIW vs. COIN - Performance Comparison
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Returns By Period
In the year-to-date period, COIW achieves a -29.00% return, which is significantly lower than COIN's -23.06% return.
COIW
- 1D
- -5.58%
- 1M
- -10.71%
- YTD
- -29.00%
- 6M
- -41.30%
- 1Y
- -40.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COIN
- 1D
- -4.72%
- 1M
- -9.02%
- YTD
- -23.06%
- 6M
- -33.91%
- 1Y
- -29.48%
- 3Y*
- 39.17%
- 5Y*
- -5.73%
- 10Y*
- —
COIW vs. COIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
COIW COIN WeeklyPay™ ETF | -29.00% | -23.77% |
COIN Coinbase Global, Inc. | -23.06% | -12.58% |
Correlation
The correlation between COIW and COIN is 1.00 - 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 | 1.00 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | 1.00 |
The correlation between COIW and COIN has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
COIW vs. COIN — Risk / Return Rank
COIW
COIN
COIW vs. COIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for COIN WeeklyPay™ ETF (COIW) and Coinbase Global, Inc. (COIN). 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.
| COIW | COIN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.48 | -0.42 | -0.05 |
Sortino ratioReturn per unit of downside risk | -0.28 | -0.23 | -0.05 |
Omega ratioGain probability vs. loss probability | 0.97 | 0.97 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | -0.54 | -0.44 | -0.09 |
Martin ratioReturn relative to average drawdown | -0.86 | -0.75 | -0.12 |
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
| COIW | COIN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.48 | -0.42 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.42 | -0.14 | -0.28 |
Drawdowns
COIW vs. COIN - Drawdown Comparison
The maximum COIW drawdown since its inception was -74.55%, smaller than the maximum COIN drawdown of -90.90%. Use the drawdown chart below to compare losses from any high point for COIW and COIN.
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Drawdown Indicators
| COIW | COIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.55% | -90.90% | +16.35% |
Max Drawdown (1Y)Largest decline over 1 year | -74.55% | -66.39% | -8.16% |
Max Drawdown (3Y)Largest decline over 3 years | — | -66.39% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.90% | — |
Current DrawdownCurrent decline from peak | -67.85% | -58.55% | -9.30% |
Average DrawdownAverage peak-to-trough decline | -37.62% | -49.82% | +12.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.49% | 39.49% | +7.00% |
Volatility
COIW vs. COIN - Volatility Comparison
COIN WeeklyPay™ ETF (COIW) has a higher volatility of 22.96% compared to Coinbase Global, Inc. (COIN) at 19.49%. This indicates that COIW's price experiences larger fluctuations and is considered to be riskier than COIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COIW | COIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.96% | 19.49% | +3.47% |
Volatility (6M)Calculated over the trailing 6-month period | 61.71% | 50.83% | +10.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 84.55% | 69.93% | +14.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.95% | 85.82% | +5.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.95% | 85.38% | +5.57% |
Dividends
COIW vs. COIN - Dividend Comparison
COIW's dividend yield for the trailing twelve months is around 209.03%, while COIN has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
COIN Coinbase Global, Inc. | 0.00% | 0.00% |
COIW COIN WeeklyPay™ ETF | 209.03% | 120.37% |
Frequently Asked Questions
With a correlation of 1.00, COIW and COIN 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.
COIW has higher volatility (22.96%) compared to COIN (19.49%). In terms of maximum drawdown, COIW dropped -74.55% vs COIN's -90.90%.
COIN currently has the higher Sharpe Ratio (-0.42 vs -0.48), 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.
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