ERX vs. COTG
ERX (Direxion Daily Energy Bull 2X Shares) and COTG (Leverage Shares 2X Long COST Daily ETF) are both Leveraged Equities funds. ERX is passively managed, while COTG is actively managed. At a 0.06 correlation, their price movements are largely independent. ERX charges 1.09%/yr vs 0.75%/yr for COTG.
Performance
ERX vs. COTG - Performance Comparison
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Returns By Period
In the year-to-date period, ERX achieves a 66.93% return, which is significantly higher than COTG's 17.32% return.
ERX
- 1D
- 2.68%
- 1M
- -3.38%
- YTD
- 66.93%
- 6M
- 59.74%
- 1Y
- 90.37%
- 3Y*
- 23.69%
- 5Y*
- 28.75%
- 10Y*
- -8.79%
COTG
- 1D
- 1.39%
- 1M
- -11.21%
- YTD
- 17.32%
- 6M
- 1.51%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ERX vs. COTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ERX Direxion Daily Energy Bull 2X Shares | 66.93% | 0.28% |
COTG Leverage Shares 2X Long COST Daily ETF | 17.32% | -21.71% |
Correlation
The correlation between ERX and COTG is 0.06, 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 | 0.06 |
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Return for Risk
ERX vs. COTG — Risk / Return Rank
ERX
COTG
ERX vs. COTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Energy Bull 2X Shares (ERX) 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.
| ERX | COTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | — | — |
| Martin ratioReturn relative to average drawdown | 10.60 | — | — |
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
| ERX | COTG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.13 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | -0.28 | +0.19 |
Drawdowns
ERX vs. COTG - Drawdown Comparison
The maximum ERX drawdown since its inception was -99.54%, which is greater than COTG's maximum drawdown of -25.69%. Use the drawdown chart below to compare losses from any high point for ERX and COTG.
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Drawdown Indicators
| ERX | COTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.54% | -25.69% | -73.85% |
Max Drawdown (1Y)Largest decline over 1 year | -23.34% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -42.34% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -46.90% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -98.59% | — | — |
Current DrawdownCurrent decline from peak | -91.57% | -23.48% | -68.09% |
Average DrawdownAverage peak-to-trough decline | -67.02% | -8.35% | -58.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.57% | — | — |
Volatility
ERX vs. COTG - Volatility Comparison
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Volatility by Period
| ERX | COTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.49% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 33.45% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 41.14% | 40.65% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.98% | 40.65% | +11.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.18% | 40.65% | +28.53% |
ERX vs. COTG - Expense Ratio Comparison
ERX has a 1.09% expense ratio, which is higher than COTG's 0.75% expense ratio.
Dividends
ERX vs. COTG - Dividend Comparison
ERX's dividend yield for the trailing twelve months is around 1.61%, 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% |
ERX Direxion Daily Energy Bull 2X Shares | 1.61% | 2.54% | 2.94% | 3.17% | 2.23% | 2.16% | 2.35% | 1.56% | 3.10% | 0.85% |
Frequently Asked Questions
ERX and COTG have a correlation of 0.06, 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 1.09% for ERX.
ERX has the higher dividend yield at 1.61%, compared with 0.00% for COTG.
They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.09% for ERX and 0.75% for COTG.
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