FNGG vs. COTG
FNGG (Direxion Daily NYSE FANG+ Bull 2X Shares) and COTG (Leverage Shares 2X Long COST Daily ETF) are both Leveraged Equities funds. FNGG is passively managed, while COTG is actively managed. At a correlation of -0.23, they often move in opposite directions. FNGG charges 0.97%/yr vs 0.75%/yr for COTG.
Performance
FNGG vs. COTG - Performance Comparison
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Returns By Period
In the year-to-date period, FNGG achieves a 14.01% return, which is significantly higher than COTG's 6.96% return.
FNGG
- 1D
- -1.75%
- 1M
- 5.15%
- 6M
- 14.11%
- YTD
- 14.01%
- 1Y
- 24.63%
- 3Y*
- 47.72%
- 5Y*
- —
- 10Y*
- —
COTG
- 1D
- 2.07%
- 1M
- -12.24%
- 6M
- -10.12%
- YTD
- 6.96%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FNGG vs. COTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 14.01% | -6.03% |
COTG Leverage Shares 2X Long COST Daily ETF | 6.96% | -22.61% |
Correlation
The correlation between FNGG and COTG is -0.23, 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 (All Time) Calculated using the full available price history since Sep 18, 2025 | -0.23 |
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Return for Risk
FNGG vs. COTG — Risk / Return Rank
FNGG
COTG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FNGG vs. COTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) 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.
| FNGG | COTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.13 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | — | — |
| Martin ratioReturn relative to average drawdown | 1.44 | — | — |
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Drawdowns
FNGG vs. COTG - Drawdown Comparison
The maximum FNGG drawdown since its inception was -91.33%, which is greater than COTG's maximum drawdown of -32.16%. Use the drawdown chart below to compare losses from any high point for FNGG and COTG.
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Drawdown Indicators
| FNGG | COTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.33% | -32.16% | -59.17% |
Max Drawdown (1Y)Largest decline over 1 year | -43.01% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -47.03% | — | — |
Current DrawdownCurrent decline from peak | -15.68% | -30.24% | +14.56% |
Average DrawdownAverage peak-to-trough decline | -55.17% | -10.86% | -44.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.12% | — | — |
Volatility
FNGG vs. COTG - Volatility Comparison
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Volatility by Period
| FNGG | COTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.56% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 35.05% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 43.33% | 40.94% | +2.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.49% | 40.94% | +26.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.49% | 40.94% | +26.55% |
FNGG vs. COTG - Expense Ratio Comparison
FNGG has a 0.97% expense ratio, which is higher than COTG's 0.75% expense ratio.
Dividends
FNGG vs. COTG - Dividend Comparison
FNGG's dividend yield for the trailing twelve months is around 10.44%, while COTG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
COTG Leverage Shares 2X Long COST Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FNGG Direxion Daily NYSE FANG+ Bull 2X Shares | 10.44% | 11.89% | 0.79% | 0.88% | 0.00% | 4.99% |
Frequently Asked Questions
FNGG and COTG have a correlation of -0.23, 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 0.97% for FNGG.
FNGG has the higher dividend yield at 10.44%, compared with 0.00% for COTG.
They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.97% for FNGG and 0.75% for COTG.
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