COTG vs. EWO
COTG (Leverage Shares 2X Long COST Daily ETF) and EWO (iShares MSCI Austria ETF) are both exchange-traded funds - COTG is a Leveraged Equities fund actively managed by Leverage Shares, while EWO is a Europe Equities fund tracking the MSCI Austria Investable Market Index. COTG is actively managed, while EWO is passively managed. At a correlation of -0.20, they often move in opposite directions. COTG charges 0.75%/yr vs 0.49%/yr for EWO.
Performance
COTG vs. EWO - Performance Comparison
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Returns By Period
In the year-to-date period, COTG achieves a 15.84% return, which is significantly lower than EWO's 22.29% return.
COTG
- 1D
- 1.52%
- 1M
- -14.19%
- YTD
- 15.84%
- 6M
- 17.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EWO
- 1D
- -1.46%
- 1M
- 8.63%
- YTD
- 22.29%
- 6M
- 23.55%
- 1Y
- 54.33%
- 3Y*
- 35.93%
- 5Y*
- 17.04%
- 10Y*
- 15.85%
COTG vs. EWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
COTG Leverage Shares 2X Long COST Daily ETF | 15.84% | -22.61% |
EWO iShares MSCI Austria ETF | 22.29% | 15.50% |
Correlation
The correlation between COTG and EWO is -0.20, 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 Sep 18, 2025 | -0.20 |
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Return for Risk
COTG vs. EWO — Risk / Return Rank
COTG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EWO
COTG vs. EWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long COST Daily ETF (COTG) and iShares MSCI Austria ETF (EWO). 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.
| COTG | EWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.48 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.88 | — |
| Martin ratioReturn relative to average drawdown | — | 13.13 | — |
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Drawdowns
COTG vs. EWO - Drawdown Comparison
The maximum COTG drawdown since its inception was -25.69%, smaller than the maximum EWO drawdown of -75.69%. Use the drawdown chart below to compare losses from any high point for COTG and EWO.
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Drawdown Indicators
| COTG | EWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.69% | -75.69% | +50.00% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.08% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.75% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -41.82% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -58.10% | — |
Current DrawdownCurrent decline from peak | -24.45% | -1.46% | -22.99% |
Average DrawdownAverage peak-to-trough decline | -9.72% | -28.07% | +18.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.15% | — |
Volatility
COTG vs. EWO - Volatility Comparison
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Volatility by Period
| COTG | EWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.60% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.15% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 40.02% | 19.32% | +20.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.02% | 21.98% | +18.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.02% | 22.65% | +17.37% |
COTG vs. EWO - Expense Ratio Comparison
COTG has a 0.75% expense ratio, which is higher than EWO's 0.49% expense ratio.
Dividends
COTG vs. EWO - Dividend Comparison
COTG has not paid dividends to shareholders, while EWO's dividend yield for the trailing twelve months is around 1.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COTG Leverage Shares 2X Long COST Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EWO iShares MSCI Austria ETF | 1.98% | 2.38% | 7.40% | 5.66% | 4.75% | 2.42% | 0.98% | 3.11% | 4.04% | 2.03% | 1.99% | 1.51% |
Frequently Asked Questions
COTG and EWO have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EWO is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EWO is cheaper with a 0.49% expense ratio, compared with 0.75% for COTG.
EWO has the higher dividend yield at 1.98%, compared with 0.00% for COTG.
COTG is categorized as Leveraged Equities, while EWO is Europe Equities. They also come from different issuers: Leverage Shares and iShares. Their fees differ too: 0.75% for COTG and 0.49% for EWO.
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