COTG vs. USD

Last updated Jun 5, 2026

COTG (Leverage Shares 2X Long COST Daily ETF) and USD (ProShares Ultra Semiconductors) are both Leveraged Equities funds. COTG is actively managed, while USD is passively managed. At a correlation of -0.20, they often move in opposite directions. COTG charges 0.75%/yr vs 0.95%/yr for USD.

Performance

COTG vs. USD - Performance Comparison

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

Returns By Period

In the year-to-date period, COTG achieves a 20.04% return, which is significantly lower than USD's 103.32% return.

COTG

• 1D: 2.32%
• 1M: -9.84%
• YTD: 20.04%
• 6M: 10.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USD

• 1D: -4.99%
• 1M: 31.62%
• YTD: 103.32%
• 6M: 97.79%
• 1Y: 250.81%
• 3Y*: 125.78%
• 5Y*: 67.80%
• 10Y*: 61.24%

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

COTG vs. USD - Yearly Performance Comparison

	2026 (YTD)	2025
COTG Leverage Shares 2X Long COST Daily ETF	20.04%	-21.71%
USD ProShares Ultra Semiconductors	103.32%	12.17%

Correlation

The correlation between COTG and USD 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 19, 2025	-0.20

Return for Risk

COTG vs. USD — Risk / Return Rank

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

USD

USD Risk / Return Rank: 89
USD Sharpe Ratio Rank: 96
USD Sortino Ratio Rank: 82
USD Omega Ratio Rank: 81
USD Calmar Ratio Rank: 95
USD Martin Ratio Rank: 92

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. USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long COST Daily ETF (COTG) and ProShares Ultra Semiconductors (USD). 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	USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.12	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.89	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.21	0.49	-0.69

Drawdowns

COTG vs. USD - Drawdown Comparison

The maximum COTG drawdown since its inception was -25.69%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for COTG and USD.

Drawdown Indicators

	COTG	USD	Difference
Max Drawdown Largest peak-to-trough decline	-25.69%	-88.63%	+62.94%
Max Drawdown (1Y) Largest decline over 1 year	—	-31.80%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-64.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-77.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-77.85%	—
Current Drawdown Current decline from peak	-21.71%	-6.07%	-15.64%
Average Drawdown Average peak-to-trough decline	-8.42%	-32.35%	+23.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.98%	—

Volatility

Volatility by Period

	COTG	USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	21.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	46.74%	—
Volatility (1Y) Calculated over the trailing 1-year period	40.63%	61.28%	-20.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.63%	76.56%	-35.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.63%	69.24%	-28.61%

COTG vs. USD - Expense Ratio Comparison

COTG has a 0.75% expense ratio, which is lower than USD's 0.95% expense ratio.

Dividends

COTG vs. USD - Dividend Comparison

COTG has not paid dividends to shareholders, while USD's dividend yield for the trailing twelve months is around 0.23%.

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%
USD ProShares Ultra Semiconductors	0.23%	0.39%	0.10%	0.05%	0.30%	0.00%	0.14%	0.72%	0.93%	0.32%	0.46%	0.39%

Frequently Asked Questions

Can I hold both COTG and USD in my portfolio?

COTG and USD 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.

Which ETF is better, COTG or USD?

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 USD?

COTG is cheaper with a 0.75% expense ratio, compared with 0.95% for USD.

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

USD has the higher dividend yield at 0.23%, compared with 0.00% for COTG.

What is the main difference between COTG and USD?

They also come from different issuers: Leverage Shares and ProShares. Their fees differ too: 0.75% for COTG and 0.95% for USD.