COTG vs. TECL

Last updated Jun 23, 2026

COTG (Leverage Shares 2X Long COST Daily ETF) and TECL (Direxion Daily Technology Bull 3X Shares) are both Leveraged Equities funds. COTG is actively managed, while TECL is passively managed. At a correlation of -0.19, they often move in opposite directions. COTG charges 0.75%/yr vs 0.91%/yr for TECL.

Performance

COTG vs. TECL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long COST Daily ETF (COTG) and Direxion Daily Technology Bull 3X Shares (TECL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COTG achieves a 14.10% return, which is significantly lower than TECL's 104.37% return.

COTG

• 1D: -0.33%
• 1M: -15.48%
• YTD: 14.10%
• 6M: 16.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TECL

• 1D: 1.43%
• 1M: 15.41%
• YTD: 104.37%
• 6M: 98.56%
• 1Y: 218.70%
• 3Y*: 73.29%
• 5Y*: 37.90%
• 10Y*: 54.55%

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

COTG vs. TECL - Yearly Performance Comparison

	2026 (YTD)	2025
COTG Leverage Shares 2X Long COST Daily ETF	14.10%	-22.61%
TECL Direxion Daily Technology Bull 3X Shares	104.37%	11.99%

Correlation

The correlation between COTG and TECL 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 18, 2025	-0.19

Return for Risk

COTG vs. TECL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COTG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

TECL

TECL Risk / Return Rank: 78
TECL Sharpe Ratio Rank: 93
TECL Sortino Ratio Rank: 68
TECL Omega Ratio Rank: 71
TECL Calmar Ratio Rank: 87
TECL Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COTG vs. TECL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long COST Daily ETF (COTG) and Direxion Daily Technology Bull 3X Shares (TECL). 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	TECL	Difference
Sharpe ratio: Return per unit of total volatility	—	3.20	—
Sortino ratio: Return per unit of downside risk	—	2.98	—
Omega ratio: Gain probability vs. loss probability	—	1.40	—
Calmar ratio: Return relative to maximum drawdown	—	4.73	—
Martin ratio: Return relative to average drawdown	—	13.09	—

Drawdowns

COTG vs. TECL - Drawdown Comparison

The maximum COTG drawdown since its inception was -25.69%, smaller than the maximum TECL drawdown of -77.96%. Use the drawdown chart below to compare losses from any high point for COTG and TECL.

Drawdown Indicators

	COTG	TECL	Difference
Max Drawdown Largest peak-to-trough decline	-25.69%	-77.96%	+52.27%
Max Drawdown (1Y) Largest decline over 1 year	—	-46.58%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-66.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-77.96%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-77.96%	—
Current Drawdown Current decline from peak	-25.58%	-12.23%	-13.35%
Average Drawdown Average peak-to-trough decline	-9.64%	-18.38%	+8.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.79%	—

Volatility

Volatility by Period

	COTG	TECL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	35.62%	—
Volatility (6M) Calculated over the trailing 6-month period	—	57.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	40.09%	68.99%	-28.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.09%	75.28%	-35.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.09%	73.00%	-32.91%

COTG vs. TECL - Expense Ratio Comparison

COTG has a 0.75% expense ratio, which is lower than TECL's 0.91% expense ratio.

Dividends

COTG vs. TECL - Dividend Comparison

COTG has not paid dividends to shareholders, while TECL's dividend yield for the trailing twelve months is around 3.48%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
TECL Direxion Daily Technology Bull 3X Shares	3.48%	7.19%	0.29%	0.28%	0.22%	0.32%	0.52%	0.25%	0.47%	0.10%

Frequently Asked Questions

Can I hold both COTG and TECL in my portfolio?

COTG and TECL 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.

Which ETF is better, COTG or TECL?

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 TECL?

COTG is cheaper with a 0.75% expense ratio, compared with 0.91% for TECL.

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

TECL has the higher dividend yield at 3.48%, compared with 0.00% for COTG.

What is the main difference between COTG and TECL?

They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for COTG and 0.91% for TECL.