Which came closer to its stated multiple, COHQ or COHX?

Over the window to Sep 30, 2026, COHQ finished 11.6 points from what its multiple implies and COHX finished 10.3 points from its own, so COHX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are COHQ and COHX levered on the same thing?

Yes. Both are levered on Coherent, COHQ at -2 times and COHX at +2 times the daily move.

Which one decays faster, COHQ or COHX?

Decay follows how much the underlying moves about. Over this window COHQ’s moved at 75% annualized and COHX’s at 99%, so COHX has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold COHQ or COHX 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, COHQ or COHX?

COHQ charges 1.49% a year and COHX charges 1.49%, so COHQ is cheaper. Fees come from each fund's prospectus.

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COHQ vs COHX: which held to its multiple?

Over a month against its own daily promise, COHQ finished 0.4 points over and COHX 1.4 points short. Tradr 2X Short COHR Daily ETF and Tradr 2X Long COHR Daily ETF.

−4.6%

COHQ returned, since launch

−54.2%

COHX returned, 3 months

−16.7 pts

COHQ from its stated multiple

−10.3 pts

COHX from its stated multiple

COHQ · 1 month to Sep 30, 202611.6 pts short of its stated multiple

COHQ returned −18.8% while −2 times COHR's move would have been −7.2%

COHX · 3 months to Sep 30, 202610.3 pts short of its stated multiple

COHX returned −54.2% while 2 times COHR's move would have been −43.9%

Performance, window by window

	Total return		Multiple would give		Difference
Window	COHQ	COHX	COHQ	COHX	COHQ	COHX
1 month	−18.8%	+0.6%	−7.2%	+7.2%	−11.6 pts	−6.5 pts
3 months	not published	−54.2%	not published	−43.9%	not published	−10.3 pts
6 months	not published	−17.9%	not published	+32.3%	not published	−50.2 pts
Since launch COHQ Aug 2026 · COHX Feb 2026	−4.6%	−17.0%	+12.2%	+47.6%	−16.7 pts	−64.6 pts

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

On the same fields

COHQ

Tradr 2X Short COHR Daily ETF · Aims to return twice the opposite of the daily move of Coherent (COHR)

COHX

Tradr 2X Long COHR Daily ETF · Aims to return twice the daily move of Coherent (COHR)

Issuer Tradr Tradr

Sets out to return -2x +2x

Underlying asset COHR COHR

Segment company company

Fund returned, 3 months or since launch −18.8% −54.2%

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 −11.6 pts −10.3 pts

Fund returned, 1 year or since launch −4.6% −17.0%

Difference from stated, over that window −16.7 pts −64.6 pts

Underlying volatility 75% 99%

Difference over the days both have traded no shared window −6.5 pts

Expense ratio 1.49% 1.49%

Launched Aug 18, 2026 Feb 19, 2026

Net assets $899,988 $122m

COHQ and COHX on the same fields, as of Sep 30, 2026. Source: ETFIQ.

COHQ in plain words

One month to Sep 30, 2026: COHQ returned −18.8% where its own daily promise gave −19.1%, 0.4 points over. Read the multiple against the whole window instead and −2 times COHR's 3.6% implies −7.2%, which makes COHQ look 11.6 points short. 12.0 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. COHQ 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.

COHX in plain words

Three months to Sep 30, 2026: COHX returned −54.2% where its own daily promise gave −52.8%, 1.4 points short. Read the multiple against the whole window instead and 2 times COHR's −21.9% implies −43.9%, which makes COHX look 10.3 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. COHX aims to return +2 times COHR's move each day, then resets. 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 99% annualized over that window.

Questions people ask

Which came closer to its stated multiple, COHQ or COHX?: Over the window to Sep 30, 2026, COHQ finished 11.6 points from what its multiple implies and COHX finished 10.3 points from its own, so COHX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are COHQ and COHX levered on the same thing?: Yes. Both are levered on Coherent, COHQ at -2 times and COHX at +2 times the daily move.
Which one decays faster, COHQ or COHX?: Decay follows how much the underlying moves about. Over this window COHQ’s moved at 75% annualized and COHX’s at 99%, so COHX has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold COHQ or COHX 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, COHQ or COHX?: COHQ charges 1.49% a year and COHX charges 1.49%, so COHQ is cheaper. Fees come from each fund's prospectus.

Other comparisons

COHQ vs COHC COHQ vs COHH COHX vs COHC COHX vs COHH

COHQ on its own →COHX on its own →How every figure is computed →Standards and sources →

Where these figures came from

COHQ and COHX filings on SEC EDGAR ↗COHQ prospectus with the expense ratio (SEC) ↗Tradr website ↗COHX prospectus with the expense ratio (SEC) ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, COHQ against COHX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/cohq-vs-cohx

Open data

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