Quick Verdict

SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.

Lower Fees: SPYHigher Returns: SPYMore Diversified: SPY

Side-by-Side Comparison

MetricCOTGSPYWinner
Expense Ratio0.77%0.09%
AUM$10M$789.1B
Dividend Yield0.00%1.01%
Holdings5505
YTD Return+13.50%+13.79%
1Y Return-12.88%+23.66%
3Y Return (annualized)-+21.40%
5Y Return (annualized)-+13.37%
Volatility (annualized)-15.3%
Max Drawdown-32.2%-56.5%
Fund FamilyLeverage SharesState Street Investment Management
CategoryAlternativeEquity
InceptionSep 18, 2025Jan 22, 1993

COTG vs SPY Performance

Leverage Shares 2X Long COST Daily ETF (COTG) 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 COTG returned -12.88% while SPY returned +23.66%. Year to date, COTG is up 13.50% versus a gain of 13.79% for SPY.

Risk: Volatility and Drawdowns

The deepest peak-to-trough decline in our data was -32.2% for COTG and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

Fees and Cost Over Time

COTG charges 0.77% per year while SPY charges 0.09%. On a $10,000 position that is $77 vs $9 annually, a gap of $68 per year that compounds over a long holding period. On income, COTG currently yields 0.00% against 1.01% for SPY.

Holdings Overlap

0.0%overlap

COTG and SPY share 0 holdings out of 504 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, COTG or SPY?

COTG has an expense ratio of 0.77% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $68 per year of difference.

Which performed better, COTG or SPY?

Over the past year COTG returned -12.88% vs +23.66% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results.

What is the holdings overlap between COTG and SPY?

COTG and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.

Which pays a higher dividend, COTG or SPY?

COTG yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.

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