DFEN vs. COTG
DFEN (Direxion Daily Aerospace & Defense Bull 3X Shares) and COTG (Leverage Shares 2X Long COST Daily ETF) are both Leveraged Equities funds. DFEN is passively managed, while COTG is actively managed. At a correlation of -0.03, they often move in opposite directions. DFEN charges 0.99%/yr vs 0.75%/yr for COTG.
Performance
DFEN vs. COTG - Performance Comparison
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Returns By Period
In the year-to-date period, DFEN achieves a 2.17% return, which is significantly lower than COTG's 17.32% return.
DFEN
- 1D
- -4.54%
- 1M
- 12.97%
- YTD
- 2.17%
- 6M
- 21.41%
- 1Y
- 59.57%
- 3Y*
- 63.19%
- 5Y*
- 26.54%
- 10Y*
- —
COTG
- 1D
- 1.39%
- 1M
- -11.21%
- YTD
- 17.32%
- 6M
- 1.51%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFEN vs. COTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | 2.17% | 11.37% |
COTG Leverage Shares 2X Long COST Daily ETF | 17.32% | -21.71% |
Correlation
The correlation between DFEN and COTG is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 19, 2025 | -0.03 |
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Return for Risk
DFEN vs. COTG — Risk / Return Rank
DFEN
COTG
DFEN vs. COTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) and Leverage Shares 2X Long COST Daily ETF (COTG). 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.
| DFEN | COTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.19 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | — | — |
| Martin ratioReturn relative to average drawdown | 3.44 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DFEN | COTG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | -0.28 | +0.49 |
Drawdowns
DFEN vs. COTG - Drawdown Comparison
The maximum DFEN drawdown since its inception was -91.36%, which is greater than COTG's maximum drawdown of -25.69%. Use the drawdown chart below to compare losses from any high point for DFEN and COTG.
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Drawdown Indicators
| DFEN | COTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.36% | -25.69% | -65.67% |
Max Drawdown (1Y)Largest decline over 1 year | -41.75% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -43.13% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -56.23% | — | — |
Current DrawdownCurrent decline from peak | -33.04% | -23.48% | -9.56% |
Average DrawdownAverage peak-to-trough decline | -45.27% | -8.35% | -36.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.36% | — | — |
Volatility
DFEN vs. COTG - Volatility Comparison
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Volatility by Period
| DFEN | COTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.35% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 53.06% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 63.21% | 40.65% | +22.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.16% | 40.65% | +19.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.48% | 40.65% | +30.83% |
DFEN vs. COTG - Expense Ratio Comparison
DFEN has a 0.99% expense ratio, which is higher than COTG's 0.75% expense ratio.
Dividends
DFEN vs. COTG - Dividend Comparison
DFEN's dividend yield for the trailing twelve months is around 8.74%, while COTG has not paid dividends to shareholders.
| 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% |
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | 8.74% | 8.89% | 14.12% | 1.13% | 0.46% | 1.89% | 0.48% | 0.50% | 1.07% | 1.50% |
Frequently Asked Questions
DFEN and COTG have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
COTG is cheaper with a 0.75% expense ratio, compared with 0.99% for DFEN.
DFEN has the higher dividend yield at 8.74%, compared with 0.00% for COTG.
They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.99% for DFEN and 0.75% for COTG.
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