COIA vs SPY
ProShares Ultra COIN ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, COIA or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | COIA | SPY |
|---|---|---|
| Expense Ratio | 0.95% | 0.09%Best |
| AUM | $1M | $804.7B |
| Dividend Yield | 4.36% | 0.98% |
| Holdings | 4 | 505 |
| YTD Return | -67.27% | +12.47%Best |
| 1Y Return | -85.35% | +17.51%Best |
| 3Y Return (annualized) | - | +21.18% |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 95.2% | 13.2%Best |
| Max Drawdown | -92.2% | -8.9%Best |
| $10,000 over 1 years | $1,543 | $11,844Best |
| Fund Family | ProShares | State Street Investment Management |
| Category | Alternative | Equity |
| Style | - | Large Cap Blend |
| Inception | Sep 8, 2025 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Sep 10, 2025 to Sep 11, 2026 (1 years).
COIA vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1 years both funds cover.
COIA vs SPY Performance
ProShares Ultra COIN ETF (COIA) is an ETF from ProShares and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year COIA returned -85.35% while SPY returned +17.51%. Year to date, COIA is down 67.27% versus a gain of 12.47% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
COIA has been the more volatile fund, with annualized monthly volatility of 95.2% compared with 13.2% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -92.2% for COIA and -8.9% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.42. They move together some of the time, and apart the rest.
Fees and Cost Over Time
COIA charges 0.95% per year while SPY charges 0.09%. On a $10,000 position that is $95 vs $9 annually, a gap of $86 per year that compounds over a long holding period. On income, COIA currently yields 4.36% against 0.98% for SPY.
You are not choosing between two funds in isolation.
Whichever of COIA and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, COIA or SPY?
COIA has an expense ratio of 0.95% while SPY charges 0.09%. SPY is the cheaper option, by $86 a year on a $10,000 investment.
Which performed better, COIA or SPY?
Over the past year COIA returned -85.35% vs +17.51% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), COIA annualized -84.57% vs +18.44% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, COIA or SPY?
COIA has been the more volatile fund at 95.2% annualized versus 13.2% for SPY. Worst drawdown: COIA -92.2% vs SPY -8.9%.
Should I hold both COIA and SPY?
COIA and SPY have a monthly-return correlation of 0.42, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, COIA or SPY?
COIA yields 4.36% while SPY yields 0.98%, so COIA currently pays the higher dividend yield.
Is SPY better than COIA?
SPY has a lower expense ratio. SPY led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.