INDL vs. COTG

Last updated Jun 4, 2026

INDL (Direxion Daily India Bull 3x Shares) and COTG (Leverage Shares 2X Long COST Daily ETF) are both Leveraged Equities funds. INDL is passively managed, while COTG is actively managed. At a correlation of -0.17, they often move in opposite directions. INDL charges 1.33%/yr vs 0.75%/yr for COTG.

Performance

INDL vs. COTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily India Bull 3x Shares (INDL) and Leverage Shares 2X Long COST Daily ETF (COTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INDL achieves a -26.16% return, which is significantly lower than COTG's 17.32% return.

INDL

• 1D: -2.82%
• 1M: -5.87%
• YTD: -26.16%
• 6M: -24.88%
• 1Y: -29.05%
• 3Y*: -0.65%
• 5Y*: -3.27%
• 10Y*: -0.90%

COTG

• 1D: 1.39%
• 1M: -11.21%
• YTD: 17.32%
• 6M: 1.51%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

INDL vs. COTG - Yearly Performance Comparison

	2026 (YTD)	2025
INDL Direxion Daily India Bull 3x Shares	-26.16%	-1.03%
COTG Leverage Shares 2X Long COST Daily ETF	17.32%	-21.71%

Correlation

The correlation between INDL and COTG is -0.17, 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 19, 2025	-0.17

Return for Risk

INDL vs. COTG — Risk / Return Rank

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

INDL

INDL Risk / Return Rank: 2
INDL Sharpe Ratio Rank: 1
INDL Sortino Ratio Rank: 2
INDL Omega Ratio Rank: 2
INDL Calmar Ratio Rank: 2
INDL Martin Ratio Rank: 1

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.

INDL vs. COTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily India Bull 3x Shares (INDL) 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.

	INDL	COTG	Difference
Sharpe ratio: Return per unit of total volatility	-0.99	—	—
Sortino ratio: Return per unit of downside risk	-1.42	—	—
Omega ratio: Gain probability vs. loss probability	0.84	—	—
Calmar ratio: Return relative to maximum drawdown	-0.77	—	—
Martin ratio: Return relative to average drawdown	-1.66	—	—
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

	INDL	COTG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.99	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.11	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.12	-0.28	+0.16

Drawdowns

INDL vs. COTG - Drawdown Comparison

The maximum INDL drawdown since its inception was -95.67%, which is greater than COTG's maximum drawdown of -25.69%. Use the drawdown chart below to compare losses from any high point for INDL and COTG.

Drawdown Indicators

	INDL	COTG	Difference
Max Drawdown Largest peak-to-trough decline	-95.67%	-25.69%	-69.98%
Max Drawdown (1Y) Largest decline over 1 year	-37.82%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-47.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-47.64%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-91.96%	—	—
Current Drawdown Current decline from peak	-79.21%	-23.48%	-55.73%
Average Drawdown Average peak-to-trough decline	-66.35%	-8.35%	-58.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.53%	—	—

Volatility

Volatility by Period

	INDL	COTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.30%	—	—
Volatility (6M) Calculated over the trailing 6-month period	25.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	29.50%	40.65%	-11.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.56%	40.65%	-10.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.73%	40.65%	+12.08%

INDL vs. COTG - Expense Ratio Comparison

INDL has a 1.33% expense ratio, which is higher than COTG's 0.75% expense ratio.

Dividends

INDL vs. COTG - Dividend Comparison

INDL's dividend yield for the trailing twelve months is around 1.71%, 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%
INDL Direxion Daily India Bull 3x Shares	1.71%	1.42%	2.79%	1.65%	0.09%	2.35%	0.00%	0.68%	0.18%	0.31%

Frequently Asked Questions

Can I hold both INDL and COTG in my portfolio?

INDL and COTG have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, INDL or COTG?

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.

Which ETF is cheaper, INDL or COTG?

COTG is cheaper with a 0.75% expense ratio, compared with 1.33% for INDL.

Which ETF pays a higher dividend yield, INDL or COTG?

INDL has the higher dividend yield at 1.71%, compared with 0.00% for COTG.

What is the main difference between INDL and COTG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.33% for INDL and 0.75% for COTG.