COIG vs SPY
Leverage Shares 2X Long COIN Daily ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | COIG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.78% | 0.09% | |
| AUM | $8M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | -71.01% | +13.17% | |
| 1Y Return | -85.31% | +21.53% | |
| 3Y Return (annualized) | - | +22.06% | |
| 5Y Return (annualized) | - | +13.35% | |
| Volatility (annualized) | 119.4% | 15.3% | |
| Max Drawdown | -94.0% | -56.5% | |
| Fund Family | Leverage Shares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Mar 14, 2025 | Jan 22, 1993 |
COIG vs SPY Performance
Leverage Shares 2X Long COIN Daily ETF (COIG) is a ETF from Leverage Shares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year COIG returned -85.31% while SPY returned +21.53%. Year to date, COIG is down 71.01% versus a gain of 13.17% for SPY.
Risk: Volatility and Drawdowns
COIG has been the more volatile fund, with annualized monthly volatility of 119.4% compared with 15.3% 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 -94.0% for COIG and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.47. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
COIG charges 0.78% per year while SPY charges 0.09%. On a $10,000 position that is $78 vs $9 annually, a gap of $69 per year that compounds over a long holding period. On income, COIG currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
COIG and SPY share 0 holdings out of 505 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, COIG or SPY?
COIG has an expense ratio of 0.78% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $69 per year of difference.
Which performed better, COIG or SPY?
Over the past year COIG returned -85.31% vs +21.53% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), COIG annualized -58.24% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, COIG or SPY?
COIG has been the more volatile fund at 119.4% annualized versus 15.3% for SPY. Worst drawdown: COIG -94.0% vs SPY -56.5%.
Should I hold both COIG and SPY?
COIG and SPY have a monthly-return correlation of 0.47, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between COIG and SPY?
COIG and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, COIG or SPY?
COIG yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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