PDDL vs. COIG

Last updated Jul 12, 2026

PDDL (GraniteShares 2x Long PDD Daily ETF) and COIG (Leverage Shares 2X Long COIN Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.28 correlation, their price movements are largely independent. PDDL charges 1.50%/yr vs 0.75%/yr for COIG.

Performance

PDDL vs. COIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long PDD Daily ETF (PDDL) 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, PDDL achieves a -51.48% return, which is significantly higher than COIG's -66.33% return.

PDDL

• 1D: -1.66%
• 1M: 6.34%
• 6M: -56.92%
• YTD: -51.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

COIG

• 1D: 0.67%
• 1M: -5.71%
• 6M: -69.95%
• YTD: -66.33%
• 1Y: -91.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PDDL vs. COIG - Yearly Performance Comparison

	2026 (YTD)	2025
PDDL GraniteShares 2x Long PDD Daily ETF	-51.48%	9.27%
COIG Leverage Shares 2X Long COIN Daily ETF	-66.33%	-74.73%

Correlation

The correlation between PDDL and COIG is 0.28, 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 Jul 15, 2025	0.28

Return for Risk

PDDL vs. COIG — Risk / Return Rank

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

PDDL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

COIG

COIG Risk / Return Rank: 2
COIG Sharpe Ratio Rank: 4
COIG Sortino Ratio Rank: 1
COIG Omega Ratio Rank: 1
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.

PDDL vs. COIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long PDD Daily ETF (PDDL) 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.

	PDDL	COIG	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.68	—
Sortino ratio: Return per unit of downside risk	—	-1.61	—
Omega ratio: Gain probability vs. loss probability	—	0.82	—
Calmar ratio: Return relative to maximum drawdown	—	-0.97	—
Martin ratio: Return relative to average drawdown	—	-1.27	—

Drawdowns

PDDL vs. COIG - Drawdown Comparison

The maximum PDDL drawdown since its inception was -76.06%, smaller than the maximum COIG drawdown of -93.79%. Use the drawdown chart below to compare losses from any high point for PDDL and COIG.

Drawdown Indicators

	PDDL	COIG	Difference
Max Drawdown Largest peak-to-trough decline	-76.06%	-93.79%	+17.73%
Max Drawdown (1Y) Largest decline over 1 year	—	-93.79%	—
Current Drawdown Current decline from peak	-68.25%	-92.43%	+24.18%
Average Drawdown Average peak-to-trough decline	-33.56%	-54.60%	+21.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	71.95%	—

Volatility

Volatility by Period

	PDDL	COIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	33.74%	—
Volatility (6M) Calculated over the trailing 6-month period	—	103.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	67.85%	133.85%	-66.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.85%	144.71%	-76.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.85%	144.71%	-76.86%

PDDL vs. COIG - Expense Ratio Comparison

PDDL has a 1.50% expense ratio, which is higher than COIG's 0.75% expense ratio.

Dividends

PDDL vs. COIG - Dividend Comparison

PDDL's dividend yield for the trailing twelve months is around 0.69%, while COIG has not paid dividends to shareholders.

Position	TTM	2025
COIG Leverage Shares 2X Long COIN Daily ETF	0.00%	0.00%
PDDL GraniteShares 2x Long PDD Daily ETF	0.69%	0.33%

Frequently Asked Questions

Can I hold both PDDL and COIG in my portfolio?

PDDL and COIG have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PDDL or COIG?

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.

Which ETF is cheaper, PDDL or COIG?

COIG is cheaper with a 0.75% expense ratio, compared with 1.50% for PDDL.

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

PDDL has the higher dividend yield at 0.69%, compared with 0.00% for COIG.

What is the main difference between PDDL and COIG?

They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.50% for PDDL and 0.75% for COIG.