EDZ vs. COIG

Last updated Jun 25, 2026

EDZ (Direxion Daily Emerging Markets Bear 3X Shares) and COIG (Leverage Shares 2X Long COIN Daily ETF) are both Leveraged Equities funds. EDZ is passively managed, while COIG is actively managed. Over the past year, EDZ returned -70.82% vs -90.10% for COIG. At a correlation of -0.43, they often move in opposite directions. EDZ charges 1.08%/yr vs 0.75%/yr for COIG.

Performance

EDZ vs. COIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Emerging Markets Bear 3X Shares (EDZ) 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, EDZ achieves a -55.99% return, which is significantly higher than COIG's -69.26% return.

EDZ

• 1D: -0.26%
• 1M: -13.80%
• YTD: -55.99%
• 6M: -56.70%
• 1Y: -70.82%
• 3Y*: -48.07%
• 5Y*: -24.79%
• 10Y*: -36.90%

COIG

• 1D: -10.13%
• 1M: -37.69%
• YTD: -69.26%
• 6M: -72.75%
• 1Y: -90.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EDZ vs. COIG - Yearly Performance Comparison

	2026 (YTD)	2025
EDZ Direxion Daily Emerging Markets Bear 3X Shares	-55.99%	-53.73%
COIG Leverage Shares 2X Long COIN Daily ETF	-69.26%	-10.62%

Correlation

The correlation between EDZ and COIG is -0.44, 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 (1Y) Calculated over the trailing 1-year period	-0.44
Correlation (All Time) Calculated using the full available price history since Mar 14, 2025	-0.43

Return for Risk

EDZ vs. COIG — Risk / Return Rank

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

EDZ

EDZ Risk / Return Rank: 1
EDZ Sharpe Ratio Rank: 1
EDZ Sortino Ratio Rank: 0
EDZ Omega Ratio Rank: 0
EDZ Calmar Ratio Rank: 1
EDZ Martin Ratio Rank: 1

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: 1
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.

EDZ vs. COIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Emerging Markets Bear 3X Shares (EDZ) 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.

	EDZ	COIG	Difference
Sharpe ratio: Return per unit of total volatility	-1.05	-0.68	-0.38
Sortino ratio: Return per unit of downside risk	-2.06	-1.48	-0.58
Omega ratio: Gain probability vs. loss probability	0.76	0.84	-0.08
Calmar ratio: Return relative to maximum drawdown	-0.95	-0.97	+0.02
Martin ratio: Return relative to average drawdown	-1.67	-1.30	-0.38

EDZ vs. COIG - Sharpe Ratio Comparison

The current EDZ Sharpe Ratio is -1.05, which is lower than the COIG Sharpe Ratio of -0.68. The chart below compares the historical Sharpe Ratios of EDZ 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

EDZ vs. COIG - Drawdown Comparison

The maximum EDZ drawdown since its inception was -99.99%, which is greater than COIG's maximum drawdown of -93.09%. Use the drawdown chart below to compare losses from any high point for EDZ and COIG.

Drawdown Indicators

	EDZ	COIG	Difference
Max Drawdown Largest peak-to-trough decline	-99.99%	-93.09%	-6.90%
Max Drawdown (1Y) Largest decline over 1 year	-74.99%	-93.09%	+18.10%
Max Drawdown (3Y) Largest decline over 3 years	-90.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-92.91%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.17%	—	—
Current Drawdown Current decline from peak	-99.99%	-93.09%	-6.90%
Average Drawdown Average peak-to-trough decline	-97.73%	-53.30%	-44.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.30%	69.34%	-27.04%

Volatility

EDZ vs. COIG - Volatility Comparison

Direxion Daily Emerging Markets Bear 3X Shares (EDZ) and Leverage Shares 2X Long COIN Daily ETF (COIG) have volatilities of 37.01% and 36.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDZ	COIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.01%	36.52%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	61.17%	102.29%	-41.12%
Volatility (1Y) Calculated over the trailing 1-year period	67.97%	135.90%	-67.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.92%	145.27%	-86.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.50%	145.27%	-83.77%

EDZ vs. COIG - Expense Ratio Comparison

EDZ has a 1.08% expense ratio, which is higher than COIG's 0.75% expense ratio.

Dividends

EDZ vs. COIG - Dividend Comparison

EDZ's dividend yield for the trailing twelve months is around 7.60%, while COIG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
COIG Leverage Shares 2X Long COIN Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EDZ Direxion Daily Emerging Markets Bear 3X Shares	7.60%	6.58%	4.87%	4.34%	0.00%	0.00%	0.82%	1.67%	0.68%

Frequently Asked Questions

Can I hold both EDZ and COIG in my portfolio?

EDZ and COIG have a correlation of -0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDZ or COIG?

EDZ has higher volatility (37.01%) compared to COIG (36.52%). In terms of maximum drawdown, EDZ dropped -99.99% vs COIG's -93.09%.

Which ETF is better, EDZ or COIG?

On 1-year performance, EDZ leads with -70.82% vs -90.10% for COIG. On fees, COIG is cheaper at 0.75% per year. On volatility, COIG has been the lower-risk option at 36.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EDZ or COIG?

Over the 1-year period, EDZ has performed better with a -70.82% return vs -90.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EDZ or COIG?

COIG is cheaper with a 0.75% expense ratio, compared with 1.08% for EDZ.

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

EDZ has the higher dividend yield at 7.60%, compared with 0.00% for COIG.

What is the main difference between EDZ and COIG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.08% for EDZ and 0.75% for COIG.

Which has better risk-adjusted returns?

COIG currently has the higher Sharpe Ratio (-0.68 vs -1.05), 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.