MSOX vs. COIG

Last updated Jul 14, 2026

MSOX (Advisorshares Msos 2x Daily ETF) and COIG (Leverage Shares 2X Long COIN Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, MSOX returned -29.50% vs -91.34% for COIG. At a 0.24 correlation, their price movements are largely independent. MSOX charges 0.95%/yr vs 0.75%/yr for COIG.

Performance

MSOX vs. COIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Advisorshares Msos 2x Daily ETF (MSOX) 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, MSOX achieves a -37.05% return, which is significantly higher than COIG's -67.10% return.

MSOX

• 1D: 9.30%
• 1M: -17.54%
• 6M: -43.26%
• YTD: -37.05%
• 1Y: -29.50%
• 3Y*: -66.53%
• 5Y*: —
• 10Y*: —

COIG

• 1D: -2.31%
• 1M: -7.03%
• 6M: -71.05%
• YTD: -67.10%
• 1Y: -91.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSOX vs. COIG - Yearly Performance Comparison

	2026 (YTD)	2025
MSOX Advisorshares Msos 2x Daily ETF	-37.05%	8.21%
COIG Leverage Shares 2X Long COIN Daily ETF	-67.10%	-10.62%

Correlation

The correlation between MSOX and COIG is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Mar 14, 2025	0.24

Return for Risk

MSOX vs. COIG — Risk / Return Rank

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

MSOX

MSOX Risk / Return Rank: 17
MSOX Sharpe Ratio Rank: 8
MSOX Sortino Ratio Rank: 34
MSOX Omega Ratio Rank: 30
MSOX Calmar Ratio Rank: 6
MSOX Martin Ratio Rank: 7

COIG

COIG Risk / Return Rank: 2
COIG Sharpe Ratio Rank: 4
COIG Sortino Ratio Rank: 2
COIG Omega Ratio Rank: 2
COIG Calmar Ratio Rank: 0
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.

MSOX vs. COIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Advisorshares Msos 2x Daily ETF (MSOX) 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.

	MSOX	COIG	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	-0.68	+0.55
Sortino ratio: Return per unit of downside risk	1.49	-1.62	+3.10
Omega ratio: Gain probability vs. loss probability	1.17	0.82	+0.35
Calmar ratio: Return relative to maximum drawdown	-0.35	-0.97	+0.63
Martin ratio: Return relative to average drawdown	-0.50	-1.26	+0.77

MSOX vs. COIG - Sharpe Ratio Comparison

The current MSOX Sharpe Ratio is -0.13, which is higher than the COIG Sharpe Ratio of -0.68. The chart below compares the historical Sharpe Ratios of MSOX 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

MSOX vs. COIG - Drawdown Comparison

The maximum MSOX drawdown since its inception was -99.75%, which is greater than COIG's maximum drawdown of -93.79%. Use the drawdown chart below to compare losses from any high point for MSOX and COIG.

Drawdown Indicators

	MSOX	COIG	Difference
Max Drawdown Largest peak-to-trough decline	-99.75%	-93.79%	-5.96%
Max Drawdown (1Y) Largest decline over 1 year	-84.89%	-93.79%	+8.90%
Max Drawdown (3Y) Largest decline over 3 years	-98.83%	—	—
Current Drawdown Current decline from peak	-99.58%	-92.61%	-6.97%
Average Drawdown Average peak-to-trough decline	-89.04%	-54.71%	-34.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	59.62%	72.19%	-12.57%

Volatility

MSOX vs. COIG - Volatility Comparison

Advisorshares Msos 2x Daily ETF (MSOX) and Leverage Shares 2X Long COIN Daily ETF (COIG) have volatilities of 33.52% and 33.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSOX	COIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.52%	33.76%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	112.31%	103.76%	+8.55%
Volatility (1Y) Calculated over the trailing 1-year period	220.61%	133.84%	+86.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	167.49%	144.51%	+22.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	167.49%	144.51%	+22.98%

MSOX vs. COIG - Expense Ratio Comparison

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

Dividends

MSOX vs. COIG - Dividend Comparison

Neither MSOX nor COIG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MSOX and COIG in my portfolio?

MSOX and COIG 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.

Which is riskier, MSOX or COIG?

COIG has higher volatility (33.76%) compared to MSOX (33.52%). In terms of maximum drawdown, MSOX dropped -99.75% vs COIG's -93.79%.

Which ETF is better, MSOX or COIG?

On 1-year performance, MSOX leads with -29.50% vs -91.34% for COIG. On fees, COIG is cheaper at 0.75% per year. On volatility, MSOX has been the lower-risk option at 33.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSOX or COIG?

Over the 1-year period, MSOX has performed better with a -29.50% return vs -91.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSOX or COIG?

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

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

MSOX and COIG have nearly identical dividend yields, around 0.00%.

What is the main difference between MSOX and COIG?

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

Which has better risk-adjusted returns?

MSOX currently has the higher Sharpe Ratio (-0.13 vs -0.68), 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.