CONX vs. COTG

Last updated Jun 4, 2026

CONX (Direxion Daily COIN Bull 2X ETF) and COTG (Leverage Shares 2X Long COST Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.11, they often move in opposite directions. CONX charges 0.97%/yr vs 0.75%/yr for COTG.

Performance

CONX vs. COTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily COIN Bull 2X ETF (CONX) and Leverage Shares 2X Long COST Daily ETF (COTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CONX achieves a -61.79% return, which is significantly lower than COTG's 17.32% return.

CONX

• 1D: -12.34%
• 1M: -38.44%
• YTD: -61.79%
• 6M: -75.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

COTG

• 1D: 1.39%
• 1M: -11.21%
• YTD: 17.32%
• 6M: 1.51%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CONX vs. COTG - Yearly Performance Comparison

	2026 (YTD)	2025
CONX Direxion Daily COIN Bull 2X ETF	-61.79%	-26.29%
COTG Leverage Shares 2X Long COST Daily ETF	17.32%	-8.00%

Correlation

The correlation between CONX and COTG is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025	-0.11

Return for Risk

CONX vs. COTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily COIN Bull 2X ETF (CONX) and Leverage Shares 2X Long COST Daily ETF (COTG). 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

	CONX	COTG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.62	-0.28	-0.34

Drawdowns

CONX vs. COTG - Drawdown Comparison

The maximum CONX drawdown since its inception was -76.90%, which is greater than COTG's maximum drawdown of -25.69%. Use the drawdown chart below to compare losses from any high point for CONX and COTG.

Drawdown Indicators

	CONX	COTG	Difference
Max Drawdown Largest peak-to-trough decline	-76.90%	-25.69%	-51.21%
Current Drawdown Current decline from peak	-75.11%	-23.48%	-51.63%
Average Drawdown Average peak-to-trough decline	-48.87%	-8.35%	-40.52%

Volatility

Volatility by Period

	CONX	COTG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	146.14%	40.65%	+105.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	146.14%	40.65%	+105.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	146.14%	40.65%	+105.49%

CONX vs. COTG - Expense Ratio Comparison

CONX has a 0.97% expense ratio, which is higher than COTG's 0.75% expense ratio.

Dividends

CONX vs. COTG - Dividend Comparison

CONX's dividend yield for the trailing twelve months is around 2.12%, while COTG has not paid dividends to shareholders.

Position	TTM	2025
CONX Direxion Daily COIN Bull 2X ETF	2.12%	0.42%
COTG Leverage Shares 2X Long COST Daily ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both CONX and COTG in my portfolio?

CONX and COTG have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CONX or COTG?

On fees, COTG 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, CONX or COTG?

COTG is cheaper with a 0.75% expense ratio, compared with 0.97% for CONX.

Which ETF pays a higher dividend yield, CONX or COTG?

CONX has the higher dividend yield at 2.12%, compared with 0.00% for COTG.

What is the main difference between CONX and COTG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.97% for CONX and 0.75% for COTG.