UWM vs. COIG

Last updated Jun 4, 2026

UWM (ProShares Ultra Russell2000) and COIG (Leverage Shares 2X Long COIN Daily ETF) are both Leveraged Equities funds. UWM is passively managed, while COIG is actively managed. Over the past year, UWM returned 76.77% vs -79.30% for COIG. A 0.57 correlation means they provide meaningful diversification when combined. UWM charges 0.95%/yr vs 0.75%/yr for COIG.

Performance

UWM vs. COIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Russell2000 (UWM) 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, UWM achieves a 31.87% return, which is significantly higher than COIG's -61.85% return.

UWM

• 1D: -2.69%
• 1M: 6.41%
• YTD: 31.87%
• 6M: 28.56%
• 1Y: 76.77%
• 3Y*: 25.03%
• 5Y*: 1.71%
• 10Y*: 12.16%

COIG

• 1D: -11.21%
• 1M: -37.91%
• YTD: -61.85%
• 6M: -75.19%
• 1Y: -79.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UWM vs. COIG - Yearly Performance Comparison

	2026 (YTD)	2025
UWM ProShares Ultra Russell2000	31.87%	37.19%
COIG Leverage Shares 2X Long COIN Daily ETF	-61.85%	-9.46%

Correlation

The correlation between UWM and COIG is 0.53, 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	0.53
Correlation (All Time) Calculated using the full available price history since Mar 17, 2025	0.57

The correlation between UWM and COIG has been stable across timeframes, ranging from 0.53 to 0.57 - a consistent structural relationship.

Return for Risk

UWM vs. COIG — Risk / Return Rank

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

UWM

UWM Risk / Return Rank: 59
UWM Sharpe Ratio Rank: 60
UWM Sortino Ratio Rank: 54
UWM Omega Ratio Rank: 49
UWM Calmar Ratio Rank: 69
UWM Martin Ratio Rank: 65

COIG

COIG Risk / Return Rank: 3
COIG Sharpe Ratio Rank: 4
COIG Sortino Ratio Rank: 4
COIG Omega Ratio Rank: 4
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.

UWM vs. COIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Russell2000 (UWM) 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.

	UWM	COIG	Difference
Sharpe ratio: Return per unit of total volatility	2.03	-0.57	+2.61
Sortino ratio: Return per unit of downside risk	2.63	-0.66	+3.29
Omega ratio: Gain probability vs. loss probability	1.31	0.93	+0.38
Calmar ratio: Return relative to maximum drawdown	3.46	-0.86	+4.33
Martin ratio: Return relative to average drawdown	11.85	-1.20	+13.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UWM vs. COIG - Sharpe Ratio Comparison

The current UWM Sharpe Ratio is 2.03, which is higher than the COIG Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of UWM 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.

Sharpe Ratios by Period

	UWM	COIG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	-0.57	+2.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.26	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	-0.40	+0.54

Drawdowns

UWM vs. COIG - Drawdown Comparison

The maximum UWM drawdown since its inception was -88.21%, roughly equal to the maximum COIG drawdown of -92.06%. Use the drawdown chart below to compare losses from any high point for UWM and COIG.

Drawdown Indicators

	UWM	COIG	Difference
Max Drawdown Largest peak-to-trough decline	-88.21%	-92.06%	+3.85%
Max Drawdown (1Y) Largest decline over 1 year	-22.28%	-92.06%	+69.78%
Max Drawdown (3Y) Largest decline over 3 years	-49.79%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-61.62%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-71.46%	—	—
Current Drawdown Current decline from peak	-3.55%	-91.42%	+87.87%
Average Drawdown Average peak-to-trough decline	-30.88%	-51.70%	+20.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.50%	65.88%	-59.38%

Volatility

UWM vs. COIG - Volatility Comparison

The current volatility for ProShares Ultra Russell2000 (UWM) is 11.45%, while Leverage Shares 2X Long COIN Daily ETF (COIG) has a volatility of 37.85%. This indicates that UWM experiences smaller price fluctuations and is considered to be less risky than COIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UWM	COIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.45%	37.85%	-26.40%
Volatility (6M) Calculated over the trailing 6-month period	26.82%	100.21%	-73.39%
Volatility (1Y) Calculated over the trailing 1-year period	38.04%	139.35%	-101.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.01%	146.45%	-101.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.08%	146.45%	-100.37%

UWM vs. COIG - Expense Ratio Comparison

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

Dividends

UWM vs. COIG - Dividend Comparison

UWM's dividend yield for the trailing twelve months is around 0.78%, while COIG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
UWM ProShares Ultra Russell2000	0.78%	1.05%	1.16%	0.34%	0.40%	0.00%	0.07%	0.55%	0.41%	0.11%	0.27%	0.23%

Frequently Asked Questions

Can I hold both UWM and COIG in my portfolio?

UWM and COIG have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UWM or COIG?

COIG has higher volatility (37.85%) compared to UWM (11.45%). In terms of maximum drawdown, UWM dropped -88.21% vs COIG's -92.06%.

Which ETF is better, UWM or COIG?

On 1-year performance, UWM leads with 76.77% vs -79.30% for COIG. On fees, COIG is cheaper at 0.75% per year. On volatility, UWM has been the lower-risk option at 11.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UWM or COIG?

Over the 1-year period, UWM has performed better with a 76.77% return vs -79.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UWM or COIG?

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

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

UWM has the higher dividend yield at 0.78%, compared with 0.00% for COIG.

What is the main difference between UWM and COIG?

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

Which has better risk-adjusted returns?

UWM currently has the higher Sharpe Ratio (2.03 vs -0.57), 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.