TECL vs. COIG

Last updated Jun 26, 2026

TECL (Direxion Daily Technology Bull 3X Shares) and COIG (Leverage Shares 2X Long COIN Daily ETF) are both Leveraged Equities funds. TECL is passively managed, while COIG is actively managed. Over the past year, TECL returned 150.53% vs -91.61% for COIG. A 0.57 correlation means they provide meaningful diversification when combined. TECL charges 0.91%/yr vs 0.75%/yr for COIG.

Performance

TECL vs. COIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Technology Bull 3X Shares (TECL) 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, TECL achieves a 79.64% return, which is significantly higher than COIG's -72.36% return.

TECL

• 1D: 2.18%
• 1M: -5.90%
• YTD: 79.64%
• 6M: 70.60%
• 1Y: 150.53%
• 3Y*: 67.28%
• 5Y*: 33.93%
• 10Y*: 53.50%

COIG

• 1D: -10.09%
• 1M: -40.56%
• YTD: -72.36%
• 6M: -75.50%
• 1Y: -91.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TECL vs. COIG - Yearly Performance Comparison

	2026 (YTD)	2025
TECL Direxion Daily Technology Bull 3X Shares	79.64%	108.06%
COIG Leverage Shares 2X Long COIN Daily ETF	-72.36%	-10.62%

Correlation

The correlation between TECL and COIG is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (All Time) Calculated using the full available price history since Mar 14, 2025	0.57

The correlation between TECL and COIG has been stable across timeframes, ranging from 0.54 to 0.57 - a consistent structural relationship.

Return for Risk

TECL vs. COIG — Risk / Return Rank

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

TECL

TECL Risk / Return Rank: 66
TECL Sharpe Ratio Rank: 79
TECL Sortino Ratio Rank: 59
TECL Omega Ratio Rank: 61
TECL Calmar Ratio Rank: 74
TECL Martin Ratio Rank: 58

COIG

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

TECL vs. COIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bull 3X Shares (TECL) 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.

	TECL	COIG	Difference
Sharpe ratio: Return per unit of total volatility	2.17	-0.69	+2.85
Sortino ratio: Return per unit of downside risk	2.40	-1.64	+4.04
Omega ratio: Gain probability vs. loss probability	1.32	0.82	+0.50
Calmar ratio: Return relative to maximum drawdown	3.25	-0.98	+4.23
Martin ratio: Return relative to average drawdown	8.90	-1.31	+10.21

TECL vs. COIG - Sharpe Ratio Comparison

The current TECL Sharpe Ratio is 2.17, which is higher than the COIG Sharpe Ratio of -0.69. The chart below compares the historical Sharpe Ratios of TECL 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

TECL vs. COIG - Drawdown Comparison

The maximum TECL drawdown since its inception was -77.96%, smaller than the maximum COIG drawdown of -93.79%. Use the drawdown chart below to compare losses from any high point for TECL and COIG.

Drawdown Indicators

	TECL	COIG	Difference
Max Drawdown Largest peak-to-trough decline	-77.96%	-93.79%	+15.83%
Max Drawdown (1Y) Largest decline over 1 year	-46.58%	-93.79%	+47.21%
Max Drawdown (3Y) Largest decline over 3 years	-66.58%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-77.96%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-77.96%	—	—
Current Drawdown Current decline from peak	-22.85%	-93.79%	+70.94%
Average Drawdown Average peak-to-trough decline	-18.38%	-53.42%	+35.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.99%	69.59%	-52.60%

Volatility

TECL vs. COIG - Volatility Comparison

Direxion Daily Technology Bull 3X Shares (TECL) and Leverage Shares 2X Long COIN Daily ETF (COIG) have volatilities of 37.43% and 37.32%, 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

	TECL	COIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.43%	37.32%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	59.13%	102.67%	-43.54%
Volatility (1Y) Calculated over the trailing 1-year period	69.87%	133.89%	-64.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.50%	145.32%	-69.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.99%	145.32%	-72.33%

TECL vs. COIG - Expense Ratio Comparison

TECL has a 0.91% expense ratio, which is higher than COIG's 0.75% expense ratio.

Dividends

TECL vs. COIG - Dividend Comparison

TECL's dividend yield for the trailing twelve months is around 3.96%, while COIG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
COIG Leverage Shares 2X Long COIN Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TECL Direxion Daily Technology Bull 3X Shares	3.96%	7.19%	0.29%	0.28%	0.22%	0.32%	0.52%	0.25%	0.47%	0.10%

Frequently Asked Questions

Can I hold both TECL and COIG in my portfolio?

TECL and COIG have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TECL or COIG?

TECL has higher volatility (37.43%) compared to COIG (37.32%). In terms of maximum drawdown, TECL dropped -77.96% vs COIG's -93.79%.

Which ETF is better, TECL or COIG?

On 1-year performance, TECL leads with 150.53% vs -91.61% for COIG. On fees, COIG is cheaper at 0.75% per year. On volatility, COIG has been the lower-risk option at 37.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TECL or COIG?

Over the 1-year period, TECL has performed better with a 150.53% return vs -91.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TECL or COIG?

COIG is cheaper with a 0.75% expense ratio, compared with 0.91% for TECL.

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

TECL has the higher dividend yield at 3.96%, compared with 0.00% for COIG.

What is the main difference between TECL and COIG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 0.91% for TECL and 0.75% for COIG.

Which has better risk-adjusted returns?

TECL currently has the higher Sharpe Ratio (2.17 vs -0.69), 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.