TBXU vs. COTG

Last updated Jun 6, 2026

TBXU (Direxion Daily Biotech Top 5 Bull 2X ETF) and COTG (Leverage Shares 2X Long COST Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.04 correlation, their price movements are largely independent. TBXU charges 0.98%/yr vs 0.75%/yr for COTG.

Performance

TBXU vs. COTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Biotech Top 5 Bull 2X ETF (TBXU) 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, TBXU achieves a -1.39% return, which is significantly lower than COTG's 19.79% return.

TBXU

• 1D: 4.10%
• 1M: 1.42%
• YTD: -1.39%
• 6M: -3.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

COTG

• 1D: -0.21%
• 1M: -6.22%
• YTD: 19.79%
• 6M: 10.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TBXU vs. COTG - Yearly Performance Comparison

	2026 (YTD)	2025
TBXU Direxion Daily Biotech Top 5 Bull 2X ETF	-1.39%	18.24%
COTG Leverage Shares 2X Long COST Daily ETF	19.79%	-14.73%

Correlation

The correlation between TBXU and COTG is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025	0.04

Return for Risk

TBXU vs. COTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Biotech Top 5 Bull 2X ETF (TBXU) 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.

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

Sharpe Ratios by Period

	TBXU	COTG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	-0.21	+0.83

Drawdowns

TBXU vs. COTG - Drawdown Comparison

The maximum TBXU drawdown since its inception was -26.53%, roughly equal to the maximum COTG drawdown of -25.69%. Use the drawdown chart below to compare losses from any high point for TBXU and COTG.

Drawdown Indicators

	TBXU	COTG	Difference
Max Drawdown Largest peak-to-trough decline	-26.53%	-25.69%	-0.84%
Current Drawdown Current decline from peak	-17.29%	-21.87%	+4.58%
Average Drawdown Average peak-to-trough decline	-8.79%	-8.50%	-0.29%

Volatility

Volatility by Period

	TBXU	COTG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	41.38%	40.52%	+0.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.38%	40.52%	+0.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.38%	40.52%	+0.86%

TBXU vs. COTG - Expense Ratio Comparison

TBXU has a 0.98% expense ratio, which is higher than COTG's 0.75% expense ratio.

Dividends

TBXU vs. COTG - Dividend Comparison

TBXU's dividend yield for the trailing twelve months is around 1.68%, while COTG has not paid dividends to shareholders.

Position	TTM	2025
COTG Leverage Shares 2X Long COST Daily ETF	0.00%	0.00%
TBXU Direxion Daily Biotech Top 5 Bull 2X ETF	1.68%	1.33%

Frequently Asked Questions

Can I hold both TBXU and COTG in my portfolio?

TBXU and COTG have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TBXU 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, TBXU or COTG?

COTG is cheaper with a 0.75% expense ratio, compared with 0.98% for TBXU.

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

TBXU has the higher dividend yield at 1.68%, compared with 0.00% for COTG.

What is the main difference between TBXU and COTG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.98% for TBXU and 0.75% for COTG.