Data as of .
COIG vs CONX: which held to its multiple?
Over the days both have traded, COIG finished 6.1 points from its stated multiple and CONX 5.5.
ETFIQ Decay Resistance Score: CONX scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| COIG | CONX | COIG | CONX | COIG | CONX | |
| 1 month | +29.1% | +29.7% | +35.2% | +35.2% | −6.1 pts | −5.5 pts |
| 3 months | +1.5% | +2.7% | +19.4% | +19.4% | −17.9 pts | −16.7 pts |
| 6 months | −42.3% | −40.9% | −20.7% | −20.7% | −21.5 pts | −20.1 pts |
| 1 year | −85.2% | not published | −91.8% | not published | +6.6 pts | not published |
| Since launch | −67.5% | −72.7% | −8.6% | −63.8% | −58.9 pts | −9.0 pts |
| COIG Leverage Shares 2X Long COIN Daily ETF Aims to return twice the daily move of Coinbase Global (COIN) | CONX Direxion Daily COIN Bull 2X ETF Aims to return twice the daily move of Coinbase Global (COIN) | |
|---|---|---|
| Issuer | Leverage Shares | Direxion |
| Sets out to return | +2x | +2x |
| On | COIN | COIN |
| Segment | company | company |
| Fund returned, 3 months | +1.5% | +2.7% |
| Underlying returned, 3 months | +9.7% | +9.7% |
| What the stated multiple implies, 3 months | +19.4% | +19.4% |
| Difference from stated, 3 months | −17.9 pts | −16.7 pts |
| Fund returned, 1 year or since launch | −85.2% | −72.7% |
| Difference from stated, over that window | +6.6 pts | −9.0 pts |
| Underlying volatility | 71% | 71% |
| Difference over the days both have traded | −6.1 pts | −5.5 pts |
| Expense ratio | 0.78% | 0.97% |
| Launched | Mar 14, 2025 | Nov 19, 2025 |
COIG in plain words
Three months to Sep 11, 2026: COIG returned +1.5% where its own daily promise gave +6.7%, 5.2 points short. Read the multiple against the whole window instead and +2 times COIN's 9.7% implies +19.4%, which makes COIG look 17.9 points short. 12.7 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. COIG aims to return +2 times COIN's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. COIN moved at 71% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
CONX in plain words
Three months to Sep 11, 2026: CONX returned +2.7% where its own daily promise gave +6.7%, 4.0 points short. Read the multiple against the whole window instead and +2 times COIN's 9.7% implies +19.4%, which makes CONX look 16.7 points short. CONX aims to return +2 times COIN's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, COIG or CONX?
- Over the window to Sep 11, 2026, COIG finished 17.9 points from what its multiple implies and CONX finished 16.7 points from its own, so CONX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are COIG and CONX levered on the same thing?
- Yes. Both are levered on Coinbase Global, COIG at +2 times and CONX at +2 times the daily move.
- Which one decays faster, COIG or CONX?
- Decay follows how much the underlying moves about. Over this window COIG’s moved at 71% annualized and CONX’s at 71%, so COIG has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold COIG or CONX for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, COIG or CONX?
- COIG charges 0.78% a year and CONX charges 0.97%, so COIG is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, COIG against CONX, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/COIG-CONX Free to use with attribution; the underlying files are at Open data.