CWVX vs. COIG

Last updated Jul 14, 2026

CWVX (Tradr 2X Long CRWV Daily ETF) and COIG (Leverage Shares 2X Long COIN Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, CWVX returned -82.51% vs -91.34% for COIG. At a 0.32 correlation, their price movements are largely independent. CWVX charges 1.30%/yr vs 0.75%/yr for COIG.

Performance

CWVX vs. COIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long CRWV Daily ETF (CWVX) and Leverage Shares 2X Long COIN Daily ETF (COIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CWVX achieves a -19.20% return, which is significantly higher than COIG's -67.10% return.

CWVX

• 1D: -12.22%
• 1M: -36.09%
• 6M: -47.33%
• YTD: -19.20%
• 1Y: -82.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

COIG

• 1D: -2.31%
• 1M: -7.03%
• 6M: -71.05%
• YTD: -67.10%
• 1Y: -91.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CWVX vs. COIG - Yearly Performance Comparison

	2026 (YTD)	2025
CWVX Tradr 2X Long CRWV Daily ETF	-19.20%	-81.40%
COIG Leverage Shares 2X Long COIN Daily ETF	-67.10%	-74.06%

Correlation

The correlation between CWVX and COIG is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.32

Return for Risk

CWVX vs. COIG — Risk / Return Rank

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

CWVX

CWVX Risk / Return Rank: 5
CWVX Sharpe Ratio Rank: 5
CWVX Sortino Ratio Rank: 8
CWVX Omega Ratio Rank: 8
CWVX Calmar Ratio Rank: 1
CWVX Martin Ratio Rank: 3

COIG

COIG Risk / Return Rank: 2
COIG Sharpe Ratio Rank: 4
COIG Sortino Ratio Rank: 2
COIG Omega Ratio Rank: 2
COIG Calmar Ratio Rank: 0
COIG Martin Ratio Rank: 3

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.

CWVX vs. COIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long CRWV Daily ETF (CWVX) and Leverage Shares 2X Long COIN Daily ETF (COIG). 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.

	CWVX	COIG	Difference
Sharpe ratio: Return per unit of total volatility	-0.44	-0.68	+0.24
Sortino ratio: Return per unit of downside risk	0.03	-1.62	+1.65
Omega ratio: Gain probability vs. loss probability	1.00	0.82	+0.18
Calmar ratio: Return relative to maximum drawdown	-0.93	-0.97	+0.05
Martin ratio: Return relative to average drawdown	-1.19	-1.26	+0.08

CWVX vs. COIG - Sharpe Ratio Comparison

The current CWVX Sharpe Ratio is -0.44, which is higher than the COIG Sharpe Ratio of -0.68. The chart below compares the historical Sharpe Ratios of CWVX and COIG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CWVX vs. COIG - Drawdown Comparison

The maximum CWVX drawdown since its inception was -89.29%, roughly equal to the maximum COIG drawdown of -93.79%. Use the drawdown chart below to compare losses from any high point for CWVX and COIG.

Drawdown Indicators

	CWVX	COIG	Difference
Max Drawdown Largest peak-to-trough decline	-89.29%	-93.79%	+4.50%
Max Drawdown (1Y) Largest decline over 1 year	-89.29%	-93.79%	+4.50%
Current Drawdown Current decline from peak	-87.81%	-92.61%	+4.80%
Average Drawdown Average peak-to-trough decline	-66.04%	-54.71%	-11.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	69.39%	72.19%	-2.80%

Volatility

CWVX vs. COIG - Volatility Comparison

Tradr 2X Long CRWV Daily ETF (CWVX) has a higher volatility of 52.29% compared to Leverage Shares 2X Long COIN Daily ETF (COIG) at 33.76%. This indicates that CWVX's price experiences larger fluctuations and is considered to be riskier than COIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CWVX	COIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	52.29%	33.76%	+18.53%
Volatility (6M) Calculated over the trailing 6-month period	133.72%	103.76%	+29.96%
Volatility (1Y) Calculated over the trailing 1-year period	188.15%	133.84%	+54.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	188.30%	144.51%	+43.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	188.30%	144.51%	+43.79%

CWVX vs. COIG - Expense Ratio Comparison

CWVX has a 1.30% expense ratio, which is higher than COIG's 0.75% expense ratio.

Dividends

CWVX vs. COIG - Dividend Comparison

CWVX's dividend yield for the trailing twelve months is around 2.60%, while COIG has not paid dividends to shareholders.

Position	TTM	2025
COIG Leverage Shares 2X Long COIN Daily ETF	0.00%	0.00%
CWVX Tradr 2X Long CRWV Daily ETF	2.60%	2.10%

Frequently Asked Questions

Can I hold both CWVX and COIG in my portfolio?

CWVX and COIG have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CWVX or COIG?

CWVX has higher volatility (52.29%) compared to COIG (33.76%). In terms of maximum drawdown, CWVX dropped -89.29% vs COIG's -93.79%.

Which ETF is better, CWVX or COIG?

On 1-year performance, CWVX leads with -82.51% vs -91.34% for COIG. On fees, COIG is cheaper at 0.75% per year. On volatility, COIG has been the lower-risk option at 33.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CWVX or COIG?

Over the 1-year period, CWVX has performed better with a -82.51% return vs -91.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CWVX or COIG?

COIG is cheaper with a 0.75% expense ratio, compared with 1.30% for CWVX.

Which ETF pays a higher dividend yield, CWVX or COIG?

CWVX has the higher dividend yield at 2.60%, compared with 0.00% for COIG.

What is the main difference between CWVX and COIG?

They also come from different issuers: Tradr and Leverage Shares. Their fees differ too: 1.30% for CWVX and 0.75% for COIG.

Which has better risk-adjusted returns?

CWVX currently has the higher Sharpe Ratio (-0.44 vs -0.68), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.