METU vs. COTG
METU (Direxion Daily META Bull 2X ETF) and COTG (Leverage Shares 2X Long COST Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their -0.08 correlation means they have often moved in opposite directions in the past. METU charges 1.02%/yr vs 0.75%/yr for COTG.
Performance
METU vs. COTG - Performance Comparison
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Returns By Period
In the year-to-date period, METU achieves a -39.77% return, which is significantly lower than COTG's 12.60% return.
METU
- 1D
- 6.66%
- 1M
- -11.31%
- 6M
- -47.62%
- YTD
- -39.77%
- 1Y
- -57.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -11.55%
COTG
- 1D
- -0.68%
- 1M
- -0.88%
- 6M
- -3.87%
- YTD
- 12.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $653.21K | $1.05M | $1.51M | |
| $90.59M | $138.47M | $136.75M |
METU vs. COTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
METU Direxion Daily META Bull 2X ETF | -39.77% | -32.12% |
COTG Leverage Shares 2X Long COST Daily ETF | 12.60% | -22.61% |
Correlation
The correlation between METU and COTG is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025 | -0.08 |
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Return for Risk
METU vs. COTG — Risk / Return Rank
METU
COTG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
METU vs. COTG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily META Bull 2X ETF (METU) 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.
| METU | COTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.86 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | — | — |
| Martin ratioReturn relative to average drawdown | -1.51 | — | — |
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Drawdowns
METU vs. COTG - Drawdown Comparison
The maximum METU drawdown since its inception was -63.90%, which is greater than COTG's maximum drawdown of -32.16%. Use the drawdown chart below to compare losses from any high point for METU and COTG.
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Drawdown Indicators
| METU | COTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.90% | -32.16% | -31.74% |
Max Drawdown (1Y)Largest decline over 1 year | -63.59% | — | — |
Current DrawdownCurrent decline from peak | -61.50% | -26.56% | -34.94% |
Average DrawdownAverage peak-to-trough decline | -25.76% | -11.97% | -13.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.50% | — | — |
Volatility
METU vs. COTG - Volatility Comparison
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Volatility by Period
| METU | COTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.30% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 61.17% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 79.58% | 40.99% | +38.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.03% | 40.99% | +34.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.03% | 40.99% | +34.04% |
METU vs. COTG - Expense Ratio Comparison
METU has a 1.02% expense ratio, which is higher than COTG's 0.75% expense ratio.
Dividends
METU vs. COTG - Dividend Comparison
METU's dividend yield for the trailing twelve months is around 4.61%, while COTG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
COTG Leverage Shares 2X Long COST Daily ETF | 0.00% | 0.00% | 0.00% |
METU Direxion Daily META Bull 2X ETF | 4.61% | 3.00% | 1.40% |
Frequently Asked Questions
METU and COTG have a correlation of -0.08, 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 1.02% for METU.
METU has the higher dividend yield at 4.61%, compared with 0.00% for COTG.
They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.02% for METU and 0.75% for COTG.
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