COTG vs. IYW
COTG (Leverage Shares 2X Long COST Daily ETF) and IYW (iShares U.S. Technology ETF) are both exchange-traded funds - COTG is a Leveraged Equities fund actively managed by Leverage Shares, while IYW is a Technology Equities fund tracking the Russell 1000 Technology RIC 22.5/45 Capped Index. COTG is actively managed, while IYW is passively managed. At a correlation of -0.22, they often move in opposite directions. COTG charges 0.75%/yr vs 0.38%/yr for IYW.
Performance
COTG vs. IYW - Performance Comparison
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Returns By Period
In the year-to-date period, COTG achieves a 4.79% return, which is significantly lower than IYW's 25.32% return.
COTG
- 1D
- 0.74%
- 1M
- -14.02%
- 6M
- -8.55%
- YTD
- 4.79%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYW
- 1D
- 0.32%
- 1M
- 2.17%
- 6M
- 24.04%
- YTD
- 25.32%
- 1Y
- 43.02%
- 3Y*
- 32.58%
- 5Y*
- 20.14%
- 10Y*
- 25.51%
COTG vs. IYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
COTG Leverage Shares 2X Long COST Daily ETF | 4.79% | -22.61% |
IYW iShares U.S. Technology ETF | 25.32% | 5.62% |
Correlation
The correlation between COTG and IYW is -0.22, 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 | -0.22 |
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Return for Risk
COTG vs. IYW — Risk / Return Rank
COTG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IYW
COTG vs. IYW - 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 U.S. Technology ETF (IYW). 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 | IYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.40 | — |
| Martin ratioReturn relative to average drawdown | — | 7.47 | — |
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Drawdowns
COTG vs. IYW - Drawdown Comparison
The maximum COTG drawdown since its inception was -32.16%, smaller than the maximum IYW drawdown of -81.90%. Use the drawdown chart below to compare losses from any high point for COTG and IYW.
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Drawdown Indicators
| COTG | IYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.16% | -81.90% | +49.74% |
Max Drawdown (1Y)Largest decline over 1 year | — | -17.81% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.44% | — |
Current DrawdownCurrent decline from peak | -31.65% | -3.76% | -27.89% |
Average DrawdownAverage peak-to-trough decline | -10.77% | -34.54% | +23.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.70% | — |
Volatility
COTG vs. IYW - Volatility Comparison
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Volatility by Period
| COTG | IYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.87% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.15% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 40.97% | 22.83% | +18.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.97% | 26.33% | +14.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.97% | 25.27% | +15.70% |
COTG vs. IYW - Expense Ratio Comparison
COTG has a 0.75% expense ratio, which is higher than IYW's 0.38% expense ratio.
Dividends
COTG vs. IYW - Dividend Comparison
COTG has not paid dividends to shareholders, while IYW's dividend yield for the trailing twelve months is around 0.10%.
| 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% |
IYW iShares U.S. Technology ETF | 0.10% | 0.14% | 0.21% | 0.34% | 0.50% | 0.31% | 0.56% | 0.72% | 0.92% | 0.82% | 1.14% | 1.12% |
Frequently Asked Questions
COTG and IYW have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IYW is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IYW is cheaper with a 0.38% expense ratio, compared with 0.75% for COTG.
IYW has the higher dividend yield at 0.10%, compared with 0.00% for COTG.
COTG is categorized as Leveraged Equities, while IYW is Technology Equities. They also come from different issuers: Leverage Shares and iShares. Their fees differ too: 0.75% for COTG and 0.38% for IYW.
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