COHC vs COHH: which held to its multiple?

Over the days both have traded, COHC finished 6.3 points from its stated multiple and COHH 6.4. Corgi COHR 2x Daily ETF and Leverage Shares 2X Long COHR Daily ETF.

−35.4%
COHC returned, since launch
−54.8%
COHH returned, 3 months
−18.7 pts
COHC from its stated multiple
−10.9 pts
COHH from its stated multiple
COHC · 1 month to Sep 30, 20266.3 pts short of its stated multiple
6.3 pts short of its stated multipleCOHC returned +0.9% while 2 times COHR's move would have been +7.2%COHR +3.6% ×2 implies+7.2%COHC returned+0.9%6.3 pts short of its stated multipleCOHC returned +0.9% while 2 times COHR's move would have been +7.2%COHR +3.6% ×2 implies+7.2%COHC returned+0.9%

COHC returned +0.9% while 2 times COHR's move would have been +7.2%

COHH · 3 months to Sep 30, 202610.9 pts short of its stated multiple
10.9 pts short of its stated multipleCOHH returned −54.8% while 2 times COHR's move would have been −43.9%COHR −21.9% ×2 implies−43.9%COHH returned−54.8%10.9 pts short of its stated multipleCOHH returned −54.8% while 2 times COHR's move would have been −43.9%COHR −21.9% ×2 implies−43.9%COHH returned−54.8%

COHH returned −54.8% while 2 times COHR's move would have been −43.9%

Performance, window by window

Total returnMultiple would giveDifference
WindowCOHCCOHHCOHCCOHHCOHCCOHH
1 month+0.9%+0.8%+7.2%+7.2%−6.3 pts−6.4 pts
3 monthsnot published−54.8%not published−43.9%not published−10.9 pts
Since launch
COHC Jul 2026 · COHH May 2026
−35.4%−62.1%−16.8%−46.1%−18.7 pts−16.0 pts

COHC and COHH over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

COHC
Corgi COHR 2x Daily ETF · Aims to return twice the daily move of Coherent (COHR)
COHH
Leverage Shares 2X Long COHR Daily ETF · Aims to return twice the daily move of Coherent (COHR)
Issuer Corgi Leverage Shares
Sets out to return +2x +2x
Underlying asset COHR COHR
Segment company company
Fund returned, 3 months or since launch +0.9% −54.8%
Underlying returned, over that window +3.6% −21.9%
What the stated multiple implies, over that window +7.2% −43.9%
Difference from stated, over that window −6.3 pts −10.9 pts
Fund returned, 1 year or since launch −35.4% −62.1%
Difference from stated, over that window −18.7 pts −16.0 pts
Underlying volatility 75% 99%
Difference over the days both have traded −6.3 pts −6.4 pts
Expense ratio 0.45% 0.75%
Launched Jul 7, 2026 May 12, 2026
Net assets $492,114 $25m

COHC and COHH on the same fields, as of Sep 30, 2026. Source: ETFIQ.

COHC in plain words

One month to Sep 30, 2026: COHC returned +0.9% where its own daily promise gave +2.0%, 1.1 points short. Read the multiple against the whole window instead and 2 times COHR's 3.6% implies +7.2%, which makes COHC look 6.3 points short. 5.2 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. COHC aims to return +2 times COHR'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. COHR moved at 75% 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.

COHH in plain words

Three months to Sep 30, 2026: COHH returned −54.8% where its own daily promise gave −52.8%, 2.0 points short. Read the multiple against the whole window instead and 2 times COHR's −21.9% implies −43.9%, which makes COHH look 10.9 points short. 9.0 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. COHH aims to return +2 times COHR's move each day, then resets. COHR moved at 99% annualized over that window.

Questions people ask

Which came closer to its stated multiple, COHC or COHH?
Over the window to Sep 30, 2026, COHC finished 6.3 points from what its multiple implies and COHH finished 10.9 points from its own, so COHC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are COHC and COHH levered on the same thing?
Yes. Both are levered on Coherent, COHC at +2 times and COHH at +2 times the daily move.
Which one decays faster, COHC or COHH?
Decay follows how much the underlying moves about. Over this window COHC’s moved at 75% annualized and COHH’s at 99%, so COHH has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold COHC or COHH 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, COHC or COHH?
COHC charges 0.45% a year and COHH charges 0.75%, so COHC is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, COHC against COHH, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/cohc-vs-cohh

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.