ONDL vs. COIG
ONDL (Defiance Daily Target 2X Long ONDS ETF) and COIG (Leverage Shares 2X Long COIN Daily ETF) are both Leveraged Equities funds. ONDL is passively managed, while COIG is actively managed. At a 0.48 correlation, their price movements are largely independent. ONDL charges 1.31%/yr vs 0.75%/yr for COIG.
Performance
ONDL vs. COIG - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ONDL having a -70.84% return and COIG slightly higher at -69.26%.
ONDL
- 1D
- -20.58%
- 1M
- -39.95%
- YTD
- -70.84%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COIG
- 1D
- -10.13%
- 1M
- -37.69%
- YTD
- -69.26%
- 6M
- -72.75%
- 1Y
- -90.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ONDL vs. COIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ONDL Defiance Daily Target 2X Long ONDS ETF | -70.84% | 30.85% |
COIG Leverage Shares 2X Long COIN Daily ETF | -69.26% | -6.56% |
Correlation
The correlation between ONDL and COIG is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 30, 2025 | 0.48 |
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Return for Risk
ONDL vs. COIG — Risk / Return Rank
ONDL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
COIG
ONDL vs. COIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long ONDS ETF (ONDL) 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.
| ONDL | COIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.84 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.97 | — |
| Martin ratioReturn relative to average drawdown | — | -1.30 | — |
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Drawdowns
ONDL vs. COIG - Drawdown Comparison
The maximum ONDL drawdown since its inception was -84.94%, smaller than the maximum COIG drawdown of -93.09%. Use the drawdown chart below to compare losses from any high point for ONDL and COIG.
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Drawdown Indicators
| ONDL | COIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.94% | -93.09% | +8.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -93.09% | — |
Current DrawdownCurrent decline from peak | -84.94% | -93.09% | +8.15% |
Average DrawdownAverage peak-to-trough decline | -55.27% | -53.30% | -1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 69.34% | — |
Volatility
ONDL vs. COIG - Volatility Comparison
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Volatility by Period
| ONDL | COIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 36.52% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 102.29% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 215.10% | 135.90% | +79.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 215.10% | 145.27% | +69.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 215.10% | 145.27% | +69.83% |
ONDL vs. COIG - Expense Ratio Comparison
ONDL has a 1.31% expense ratio, which is higher than COIG's 0.75% expense ratio.
Dividends
ONDL vs. COIG - Dividend Comparison
Neither ONDL nor COIG has paid dividends to shareholders.
Frequently Asked Questions
ONDL and COIG have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COIG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COIG is cheaper with a 0.75% expense ratio, compared with 1.31% for ONDL.
ONDL and COIG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.31% for ONDL and 0.75% for COIG.
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