COTG vs. IONL
COTG (Leverage Shares 2X Long COST Daily ETF) and IONL (GraniteShares 2x Long IONQ Daily ETF) are both Leveraged Equities funds. COTG is actively managed, while IONL is passively managed. At a correlation of -0.19, they often move in opposite directions. COTG charges 0.75%/yr vs 1.50%/yr for IONL.
Performance
COTG vs. IONL - Performance Comparison
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Returns By Period
In the year-to-date period, COTG achieves a 17.32% return, which is significantly lower than IONL's 48.62% return.
COTG
- 1D
- 1.39%
- 1M
- -11.21%
- YTD
- 17.32%
- 6M
- 1.51%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IONL
- 1D
- -8.47%
- 1M
- 99.80%
- YTD
- 48.62%
- 6M
- 17.16%
- 1Y
- 11.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COTG vs. IONL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
COTG Leverage Shares 2X Long COST Daily ETF | 17.32% | -21.71% |
IONL GraniteShares 2x Long IONQ Daily ETF | 48.62% | -67.39% |
Correlation
The correlation between COTG and IONL is -0.19, 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 19, 2025 | -0.19 |
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Return for Risk
COTG vs. IONL — Risk / Return Rank
COTG
IONL
COTG vs. IONL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long COST Daily ETF (COTG) and GraniteShares 2x Long IONQ Daily ETF (IONL). 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.
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Sharpe Ratios by Period
| COTG | IONL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.28 | 0.43 | -0.71 |
Drawdowns
COTG vs. IONL - Drawdown Comparison
The maximum COTG drawdown since its inception was -25.69%, smaller than the maximum IONL drawdown of -93.41%. Use the drawdown chart below to compare losses from any high point for COTG and IONL.
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Drawdown Indicators
| COTG | IONL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.69% | -93.41% | +67.72% |
Max Drawdown (1Y)Largest decline over 1 year | — | -93.41% | — |
Current DrawdownCurrent decline from peak | -23.48% | -65.21% | +41.73% |
Average DrawdownAverage peak-to-trough decline | -8.35% | -50.11% | +41.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 62.00% | — |
Volatility
COTG vs. IONL - Volatility Comparison
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Volatility by Period
| COTG | IONL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 59.44% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 130.72% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 40.65% | 181.66% | -141.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.65% | 195.45% | -154.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.65% | 195.45% | -154.80% |
COTG vs. IONL - Expense Ratio Comparison
COTG has a 0.75% expense ratio, which is lower than IONL's 1.50% expense ratio.
Dividends
COTG vs. IONL - Dividend Comparison
Neither COTG nor IONL has paid dividends to shareholders.
Frequently Asked Questions
COTG and IONL have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
COTG is cheaper with a 0.75% expense ratio, compared with 1.50% for IONL.
COTG and IONL have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and GraniteShares. Their fees differ too: 0.75% for COTG and 1.50% for IONL.
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