HECO vs. COZX

Last updated Jun 3, 2026

HECO (State Street Galaxy Hedged Digital Asset Ecosystem ETF) and COZX (Tradr 2X Long CORZ Daily ETF) are both exchange-traded funds - HECO is a Blockchain fund actively managed by State Street, while COZX is a Leveraged Equities fund actively managed by Tradr. Both are actively managed. Their correlation of 0.81 suggests significant overlap in exposure. HECO charges 0.90%/yr vs 1.30%/yr for COZX.

Performance

HECO vs. COZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO) and Tradr 2X Long CORZ Daily ETF (COZX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HECO achieves a 73.41% return, which is significantly lower than COZX's 206.12% return.

HECO

• 1D: -0.23%
• 1M: 37.18%
• YTD: 73.41%
• 6M: 61.98%
• 1Y: 145.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

COZX

• 1D: 3.04%
• 1M: 91.64%
• YTD: 206.12%
• 6M: 147.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HECO vs. COZX - Yearly Performance Comparison

	2026 (YTD)	2025
HECO State Street Galaxy Hedged Digital Asset Ecosystem ETF	73.41%	-13.86%
COZX Tradr 2X Long CORZ Daily ETF	206.12%	-61.63%

Correlation

The correlation between HECO and COZX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 6, 2025	0.81

Return for Risk

HECO vs. COZX — Risk / Return Rank

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

HECO

HECO Risk / Return Rank: 90
HECO Sharpe Ratio Rank: 95
HECO Sortino Ratio Rank: 90
HECO Omega Ratio Rank: 85
HECO Calmar Ratio Rank: 93
HECO Martin Ratio Rank: 89

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.

HECO vs. COZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Galaxy Hedged Digital Asset Ecosystem ETF (HECO) and Tradr 2X Long CORZ Daily ETF (COZX). 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.

	HECO	COZX	Difference
Sharpe ratio Return per unit of total volatility	3.93	—	—
Sortino ratio Return per unit of downside risk	4.24	—	—
Omega ratio Gain probability vs. loss probability	1.53	—	—
Calmar ratio Return relative to maximum drawdown	7.04	—	—
Martin ratio Return relative to average drawdown	20.23	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HECO	COZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.93	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.82	0.24	+1.58

Drawdowns

HECO vs. COZX - Drawdown Comparison

The maximum HECO drawdown since its inception was -44.59%, smaller than the maximum COZX drawdown of -70.37%. Use the drawdown chart below to compare losses from any high point for HECO and COZX.

Drawdown Indicators

	HECO	COZX	Difference
Max Drawdown Largest peak-to-trough decline	-44.59%	-70.37%	+25.78%
Max Drawdown (1Y) Largest decline over 1 year	-21.03%	—	—
Current Drawdown Current decline from peak	-0.23%	0.00%	-0.23%
Average Drawdown Average peak-to-trough decline	-11.84%	-44.62%	+32.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.31%	—	—

Volatility

Volatility by Period

	HECO	COZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.02%	—	—
Volatility (6M) Calculated over the trailing 6-month period	29.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	37.30%	139.02%	-101.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.98%	139.02%	-94.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.98%	139.02%	-94.04%

HECO vs. COZX - Expense Ratio Comparison

HECO has a 0.90% expense ratio, which is lower than COZX's 1.30% expense ratio.

Dividends

HECO vs. COZX - Dividend Comparison

Neither HECO nor COZX has paid dividends to shareholders.

Position	TTM	2025	2024
COZX Tradr 2X Long CORZ Daily ETF	0.00%	0.00%	0.00%
HECO State Street Galaxy Hedged Digital Asset Ecosystem ETF	0.00%	0.00%	2.61%

Frequently Asked Questions

Can I hold both HECO and COZX in my portfolio?

HECO and COZX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HECO or COZX?

On fees, HECO is cheaper at 0.90% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HECO or COZX?

HECO is cheaper with a 0.90% expense ratio, compared with 1.30% for COZX.

Which ETF pays a higher dividend yield, HECO or COZX?

HECO and COZX have nearly identical dividend yields, around 0.00%.

What is the main difference between HECO and COZX?

HECO is categorized as Blockchain, while COZX is Leveraged Equities. They also come from different issuers: State Street and Tradr. Their fees differ too: 0.90% for HECO and 1.30% for COZX.