EZJ vs. COIG

Last updated Jun 26, 2026

EZJ (ProShares Ultra MSCI Japan) and COIG (Leverage Shares 2X Long COIN Daily ETF) are both Leveraged Equities funds. EZJ is passively managed, while COIG is actively managed. Over the past year, EZJ returned 62.45% vs -91.61% for COIG. At a 0.33 correlation, their price movements are largely independent. EZJ charges 0.95%/yr vs 0.75%/yr for COIG.

Performance

EZJ vs. COIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra MSCI Japan (EZJ) 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, EZJ achieves a 27.24% return, which is significantly higher than COIG's -72.36% return.

EZJ

• 1D: 1.48%
• 1M: 0.91%
• YTD: 27.24%
• 6M: 26.38%
• 1Y: 62.45%
• 3Y*: 26.61%
• 5Y*: 7.82%
• 10Y*: 11.65%

COIG

• 1D: -10.09%
• 1M: -40.56%
• YTD: -72.36%
• 6M: -75.50%
• 1Y: -91.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EZJ vs. COIG - Yearly Performance Comparison

	2026 (YTD)	2025
EZJ ProShares Ultra MSCI Japan	27.24%	36.39%
COIG Leverage Shares 2X Long COIN Daily ETF	-72.36%	-10.62%

Correlation

The correlation between EZJ and COIG is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Mar 14, 2025	0.33

Return for Risk

EZJ vs. COIG — Risk / Return Rank

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

EZJ

EZJ Risk / Return Rank: 49
EZJ Sharpe Ratio Rank: 49
EZJ Sortino Ratio Rank: 45
EZJ Omega Ratio Rank: 48
EZJ Calmar Ratio Rank: 54
EZJ Martin Ratio Rank: 47

COIG

COIG Risk / Return Rank: 2
COIG Sharpe Ratio Rank: 4
COIG Sortino Ratio Rank: 1
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.

EZJ vs. COIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Japan (EZJ) 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.

	EZJ	COIG	Difference
Sharpe ratio: Return per unit of total volatility	1.49	-0.69	+2.18
Sortino ratio: Return per unit of downside risk	2.04	-1.64	+3.68
Omega ratio: Gain probability vs. loss probability	1.27	0.82	+0.45
Calmar ratio: Return relative to maximum drawdown	2.34	-0.98	+3.32
Martin ratio: Return relative to average drawdown	7.04	-1.31	+8.36

EZJ vs. COIG - Sharpe Ratio Comparison

The current EZJ Sharpe Ratio is 1.49, which is higher than the COIG Sharpe Ratio of -0.69. The chart below compares the historical Sharpe Ratios of EZJ 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

EZJ vs. COIG - Drawdown Comparison

The maximum EZJ drawdown since its inception was -58.63%, smaller than the maximum COIG drawdown of -93.79%. Use the drawdown chart below to compare losses from any high point for EZJ and COIG.

Drawdown Indicators

	EZJ	COIG	Difference
Max Drawdown Largest peak-to-trough decline	-58.63%	-93.79%	+35.16%
Max Drawdown (1Y) Largest decline over 1 year	-26.78%	-93.79%	+67.01%
Max Drawdown (3Y) Largest decline over 3 years	-31.48%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-58.63%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-58.63%	—	—
Current Drawdown Current decline from peak	-7.74%	-93.79%	+86.05%
Average Drawdown Average peak-to-trough decline	-21.23%	-53.42%	+32.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.90%	69.59%	-60.69%

Volatility

EZJ vs. COIG - Volatility Comparison

The current volatility for ProShares Ultra MSCI Japan (EZJ) is 16.40%, while Leverage Shares 2X Long COIN Daily ETF (COIG) has a volatility of 37.32%. This indicates that EZJ experiences smaller price fluctuations and is considered to be less risky than COIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EZJ	COIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.40%	37.32%	-20.92%
Volatility (6M) Calculated over the trailing 6-month period	34.13%	102.67%	-68.54%
Volatility (1Y) Calculated over the trailing 1-year period	42.14%	133.89%	-91.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.14%	145.32%	-108.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.74%	145.32%	-110.58%

EZJ vs. COIG - Expense Ratio Comparison

EZJ has a 0.95% expense ratio, which is higher than COIG's 0.75% expense ratio.

Dividends

EZJ vs. COIG - Dividend Comparison

EZJ's dividend yield for the trailing twelve months is around 1.87%, 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%
EZJ ProShares Ultra MSCI Japan	1.87%	1.13%	2.09%	1.11%	0.56%	0.00%	0.00%	0.24%	4.49%

Frequently Asked Questions

Can I hold both EZJ and COIG in my portfolio?

EZJ and COIG have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EZJ or COIG?

COIG has higher volatility (37.32%) compared to EZJ (16.40%). In terms of maximum drawdown, EZJ dropped -58.63% vs COIG's -93.79%.

Which ETF is better, EZJ or COIG?

On 1-year performance, EZJ leads with 62.45% vs -91.61% for COIG. On fees, COIG is cheaper at 0.75% per year. On volatility, EZJ has been the lower-risk option at 16.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EZJ or COIG?

Over the 1-year period, EZJ has performed better with a 62.45% return vs -91.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EZJ or COIG?

COIG is cheaper with a 0.75% expense ratio, compared with 0.95% for EZJ.

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

EZJ has the higher dividend yield at 1.87%, compared with 0.00% for COIG.

What is the main difference between EZJ and COIG?

They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for EZJ and 0.75% for COIG.

Which has better risk-adjusted returns?

EZJ currently has the higher Sharpe Ratio (1.49 vs -0.69), 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.