XXXX vs. COTG

Last updated Aug 4, 2026

XXXX (MAX S&P 500 4X Leveraged ETN) and COTG (Leverage Shares 2X Long COST Daily ETF) are both Leveraged Equities funds. XXXX is passively managed, while COTG is actively managed. Their -0.14 correlation means they have often moved in opposite directions in the past. XXXX charges 2.95%/yr vs 0.75%/yr for COTG.

Performance

XXXX vs. COTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MAX S&P 500 4X Leveraged ETN (XXXX) 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, XXXX achieves a 24.33% return, which is significantly higher than COTG's 12.95% return.

XXXX

• 1D: 5.54%
• 1M: 3.81%
• 6M: 18.22%
• YTD: 24.33%
• 1Y: 58.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 46.23%

COTG

• 1D: 0.31%
• 1M: -0.58%
• 6M: -8.93%
• YTD: 12.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
COTG Leverage Shares 2X Long COST Daily ETF	$660.67K	$1.03M	$1.54M
XXXX MAX S&P 500 4X Leveraged ETN	$20.67M	$23.79M	$27.25M

XXXX vs. COTG - Yearly Performance Comparison

	2026 (YTD)	2025
XXXX MAX S&P 500 4X Leveraged ETN	24.33%	5.30%
COTG Leverage Shares 2X Long COST Daily ETF	12.95%	-22.61%

Correlation

The correlation between XXXX and COTG is -0.14, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 18, 2025	-0.14

Return for Risk

XXXX vs. COTG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XXXX

XXXX Risk / Return Rank: 45
XXXX Sharpe Ratio Rank: 46
XXXX Sortino Ratio Rank: 45
XXXX Omega Ratio Rank: 45
XXXX Calmar Ratio Rank: 44
XXXX Martin Ratio Rank: 47

COTG

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XXXX vs. COTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MAX S&P 500 4X Leveraged ETN (XXXX) 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.

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.

	XXXX	COTG	Difference
Sharpe ratio: Return per unit of total volatility	1.16	—	—
Sortino ratio: Return per unit of downside risk	1.68	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.58	—	—
Martin ratio: Return relative to average drawdown	5.50	—	—

Drawdowns

XXXX vs. COTG - Drawdown Comparison

The maximum XXXX drawdown since its inception was -62.27%, which is greater than COTG's maximum drawdown of -32.16%. Use the drawdown chart below to compare losses from any high point for XXXX and COTG.

Drawdown Indicators

	XXXX	COTG	Difference
Max Drawdown Largest peak-to-trough decline	-62.27%	-32.16%	-30.11%
Max Drawdown (1Y) Largest decline over 1 year	-37.25%	—	—
Current Drawdown Current decline from peak	-6.63%	-26.33%	+19.70%
Average Drawdown Average peak-to-trough decline	-11.53%	-12.04%	+0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.68%	—	—

Volatility

Volatility by Period

	XXXX	COTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	40.62%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	50.83%	40.89%	+9.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.74%	40.89%	+19.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.74%	40.89%	+19.85%

XXXX vs. COTG - Expense Ratio Comparison

XXXX has a 2.95% expense ratio, which is higher than COTG's 0.75% expense ratio.

Dividends

XXXX vs. COTG - Dividend Comparison

Neither XXXX nor COTG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XXXX and COTG in my portfolio?

XXXX and COTG have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XXXX 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, XXXX or COTG?

COTG is cheaper with a 0.75% expense ratio, compared with 2.95% for XXXX.

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

XXXX and COTG have nearly identical dividend yields, around 0.00%.

What is the main difference between XXXX and COTG?

They also come from different issuers: Max and Leverage Shares. Their fees differ too: 2.95% for XXXX and 0.75% for COTG.