DRIP vs. COTG
DRIP (Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares) and COTG (Leverage Shares 2X Long COST Daily ETF) are both Leveraged Equities funds. DRIP is passively managed, while COTG is actively managed. Their -0.03 correlation means they have often moved in opposite directions in the past. DRIP charges 1.07%/yr vs 0.75%/yr for COTG.
Performance
DRIP vs. COTG - Performance Comparison
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Returns By Period
In the year-to-date period, DRIP achieves a -53.72% return, which is significantly lower than COTG's 12.95% return.
DRIP
- 1D
- 3.59%
- 1M
- -22.42%
- 6M
- -46.02%
- YTD
- -53.72%
- 1Y
- -57.86%
- 3Y*
- -24.65%
- 5Y*
- -45.76%
- 10Y*
- -42.61%
- ALL TIME*
- -41.99%
COTG
- 1D
- 0.31%
- 1M
- -0.58%
- 6M
- -8.93%
- YTD
- 12.95%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $660.67K | $1.03M | $1.54M | |
| $16.92M | $63.12M | $132.02M |
DRIP vs. COTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | -53.72% | 5.94% |
COTG Leverage Shares 2X Long COST Daily ETF | 12.95% | -22.61% |
Correlation
The correlation between DRIP and COTG is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025 | -0.03 |
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Return for Risk
DRIP vs. COTG — Risk / Return Rank
DRIP
COTG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DRIP vs. COTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) 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.
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.
| DRIP | COTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.82 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | — | — |
| Martin ratioReturn relative to average drawdown | -1.52 | — | — |
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Drawdowns
DRIP vs. COTG - Drawdown Comparison
The maximum DRIP drawdown since its inception was -99.95%, which is greater than COTG's maximum drawdown of -32.16%. Use the drawdown chart below to compare losses from any high point for DRIP and COTG.
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Drawdown Indicators
| DRIP | COTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.95% | -32.16% | -67.79% |
Max Drawdown (1Y)Largest decline over 1 year | -62.18% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -76.02% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -96.24% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.92% | — | — |
Current DrawdownCurrent decline from peak | -99.94% | -26.33% | -73.61% |
Average DrawdownAverage peak-to-trough decline | -90.56% | -12.04% | -78.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.17% | — | — |
Volatility
DRIP vs. COTG - Volatility Comparison
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Volatility by Period
| DRIP | COTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.47% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 44.98% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 56.84% | 40.89% | +15.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.64% | 40.89% | +26.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.72% | 40.89% | +54.83% |
DRIP vs. COTG - Expense Ratio Comparison
DRIP has a 1.07% expense ratio, which is higher than COTG's 0.75% expense ratio.
Dividends
DRIP vs. COTG - Dividend Comparison
DRIP's dividend yield for the trailing twelve months is around 3.84%, while COTG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 3.84% | 2.86% | 4.38% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% |
Frequently Asked Questions
DRIP 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 1.07% for DRIP.
DRIP has the higher dividend yield at 3.84%, compared with 0.00% for COTG.
They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.07% for DRIP and 0.75% for COTG.
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