COTG vs. XLK

Last updated Jul 17, 2026

COTG (Leverage Shares 2X Long COST Daily ETF) and XLK (State Street Technology Select Sector SPDR ETF) are both exchange-traded funds - COTG is a Leveraged Equities fund actively managed by Leverage Shares, while XLK is a Technology Equities fund tracking the S&P Technology Select Sector Daily Capped 35/20 Index. COTG is actively managed, while XLK is passively managed. At a correlation of -0.24, they often move in opposite directions. COTG charges 0.75%/yr vs 0.08%/yr for XLK.

Performance

COTG vs. XLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long COST Daily ETF (COTG) and State Street Technology Select Sector SPDR ETF (XLK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COTG achieves a 11.25% return, which is significantly lower than XLK's 23.60% return.

COTG

• 1D: 6.31%
• 1M: -9.60%
• 6M: -8.77%
• YTD: 11.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XLK

• 1D: -2.24%
• 1M: -4.67%
• 6M: 22.34%
• YTD: 23.60%
• 1Y: 37.95%
• 3Y*: 26.66%
• 5Y*: 19.65%
• 10Y*: 24.16%

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

COTG vs. XLK - Yearly Performance Comparison

	2026 (YTD)	2025
COTG Leverage Shares 2X Long COST Daily ETF	11.25%	-22.61%
XLK State Street Technology Select Sector SPDR ETF	23.60%	6.38%

Correlation

The correlation between COTG and XLK is -0.24, 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	-0.24

Return for Risk

COTG vs. XLK — 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.

XLK

XLK Risk / Return Rank: 54
XLK Sharpe Ratio Rank: 57
XLK Sortino Ratio Rank: 51
XLK Omega Ratio Rank: 51
XLK Calmar Ratio Rank: 59
XLK Martin Ratio Rank: 52

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. XLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long COST Daily ETF (COTG) and State Street Technology Select Sector SPDR ETF (XLK). 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	XLK	Difference
Sharpe ratio: Return per unit of total volatility	—	1.55	—
Sortino ratio: Return per unit of downside risk	—	2.04	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.39	—
Martin ratio: Return relative to average drawdown	—	7.13	—

Drawdowns

COTG vs. XLK - Drawdown Comparison

The maximum COTG drawdown since its inception was -32.16%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for COTG and XLK.

Drawdown Indicators

	COTG	XLK	Difference
Max Drawdown Largest peak-to-trough decline	-32.16%	-82.05%	+49.89%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.92%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-25.66%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.56%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.56%	—
Current Drawdown Current decline from peak	-27.44%	-10.33%	-17.11%
Average Drawdown Average peak-to-trough decline	-11.14%	-34.84%	+23.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.34%	—

Volatility

Volatility by Period

	COTG	XLK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.95%	—
Volatility (1Y) Calculated over the trailing 1-year period	41.28%	24.54%	+16.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.28%	25.58%	+15.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.28%	24.80%	+16.48%

COTG vs. XLK - Expense Ratio Comparison

COTG has a 0.75% expense ratio, which is higher than XLK's 0.08% expense ratio.

Dividends

COTG vs. XLK - Dividend Comparison

COTG has not paid dividends to shareholders, while XLK's dividend yield for the trailing twelve months is around 0.45%.

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%
XLK State Street Technology Select Sector SPDR ETF	0.45%	0.54%	0.66%	0.76%	1.04%	0.65%	0.92%	1.16%	1.60%	1.37%	1.74%	1.79%

Frequently Asked Questions

Can I hold both COTG and XLK in my portfolio?

COTG and XLK have a correlation of -0.24, 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 XLK?

On fees, XLK is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, COTG or XLK?

XLK is cheaper with a 0.08% expense ratio, compared with 0.75% for COTG.

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

XLK has the higher dividend yield at 0.45%, compared with 0.00% for COTG.

What is the main difference between COTG and XLK?

COTG is categorized as Leveraged Equities, while XLK is Technology Equities. They also come from different issuers: Leverage Shares and State Street. Their fees differ too: 0.75% for COTG and 0.08% for XLK.