COTG vs. BU

Last updated Jun 4, 2026

COTG (Leverage Shares 2X Long COST Daily ETF) and BU (Defiance Daily Target 2X Long B ETF) are both Leveraged Equities funds. Both are actively managed. At a correlation of -0.04, they often move in opposite directions. COTG charges 0.75%/yr vs 1.29%/yr for BU.

Performance

COTG vs. BU - Performance Comparison

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

Returns By Period

In the year-to-date period, COTG achieves a 17.32% return, which is significantly higher than BU's -20.39% return.

COTG

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

BU

• 1D: -5.94%
• 1M: 15.42%
• YTD: -20.39%
• 6M: -9.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

COTG vs. BU - Yearly Performance Comparison

	2026 (YTD)	2025
COTG Leverage Shares 2X Long COST Daily ETF	17.32%	-8.00%
BU Defiance Daily Target 2X Long B ETF	-20.39%	29.45%

Correlation

The correlation between COTG and BU is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025	-0.04

Return for Risk

COTG vs. BU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long COST Daily ETF (COTG) and Defiance Daily Target 2X Long B ETF (BU). 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

	COTG	BU	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.28	0.06	-0.34

Drawdowns

COTG vs. BU - Drawdown Comparison

The maximum COTG drawdown since its inception was -25.69%, smaller than the maximum BU drawdown of -53.98%. Use the drawdown chart below to compare losses from any high point for COTG and BU.

Drawdown Indicators

	COTG	BU	Difference
Max Drawdown Largest peak-to-trough decline	-25.69%	-53.98%	+28.29%
Current Drawdown Current decline from peak	-23.48%	-45.10%	+21.62%
Average Drawdown Average peak-to-trough decline	-8.35%	-25.32%	+16.97%

Volatility

Volatility by Period

	COTG	BU	Difference
Volatility (1Y) Calculated over the trailing 1-year period	40.65%	97.59%	-56.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.65%	97.59%	-56.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.65%	97.59%	-56.94%

COTG vs. BU - Expense Ratio Comparison

COTG has a 0.75% expense ratio, which is lower than BU's 1.29% expense ratio.

Dividends

COTG vs. BU - Dividend Comparison

Neither COTG nor BU has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both COTG and BU in my portfolio?

COTG and BU have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, COTG or BU?

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, COTG or BU?

COTG is cheaper with a 0.75% expense ratio, compared with 1.29% for BU.

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

COTG and BU have nearly identical dividend yields, around 0.00%.

What is the main difference between COTG and BU?

They also come from different issuers: Leverage Shares and Defiance. Their fees differ too: 0.75% for COTG and 1.29% for BU.