{"url":"https://etfiq.com/compare/leverage/coia-vs-coni","section":"compare","title":"COIA vs CONI: which held to its multiple? | ETFIQ","description":"COIA sets out to return +2 times COIN each day and CONI -2 times. Over the three months to Sep 30, 2026 they finished \u221220.0 pts and \u221219.6 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, COIA or CONI?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, COIA finished 20.0 points from what its multiple implies and CONI finished 19.6 points from its own, so CONI came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are COIA and CONI levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Coinbase Global, COIA at +2 times and CONI at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, COIA or CONI?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window COIA\u2019s moved at 75% annualized and CONI\u2019s at 75%, so COIA has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold COIA or CONI for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, COIA or CONI?","acceptedAnswer":{"@type":"Answer","text":"COIA charges 0.95% a year and CONI charges 1.15%, so COIA is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"COIA vs CONI","item":"https://etfiq.com/compare/leverage/coia-vs-coni"}]},{"@type":"WebPage","name":"COIA vs CONI: which held to its multiple?","description":"COIA sets out to return +2 times COIN each day and CONI -2 times. Over the three months to Sep 30, 2026 they finished \u221220.0 pts and \u221219.6 pts away.","url":"https://etfiq.com/compare/leverage/coia-vs-coni","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, COIA finished 5.4 points short and CONI 0.9 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of COIA and CONI","description":"COIA sets out to return +2 times COIN each day and CONI -2 times. Over the three months to Sep 30, 2026 they finished \u221220.0 pts and \u221219.6 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/coia-vs-coni","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7163,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / COIA vs CONI \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n COIA vs CONI: which held to its multiple?\n\n Over three months against its own daily promise, COIA finished 5.4 points short and CONI 0.9 points short.\n Copy this for sharing \n \n ProShares Ultra COIN and GraniteShares 2x Short COIN Daily ETF.\n\n Download as PDF \n\n +14.1% COIA returned, 3 months \n \u221253.7% CONI returned, 3 months \n \u221220.0 pts COIA from its stated multiple \n \u221219.6 pts CONI from its stated multiple \n\n ETFIQ Decay Resistance Score: COIA scores higher\n Did it keep","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/coia-vs-coni","a":{"ticker":"COIA","name":"ProShares Ultra COIN","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: COIA returned +14.1% where its own daily promise gave +19.5%, 5.4 points short.","url":"https://etfiq.com/funds/coia","key_facts":[{"label":"What COIN did","value":"+17.1%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+19.5%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+14.1%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22125.4 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$646,461","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"b":{"ticker":"CONI","name":"GraniteShares 2x Short COIN Daily ETF","issuer":"GraniteShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: CONI returned \u221253.7% where its own daily promise gave \u221252.8%, 0.9 points short.","url":"https://etfiq.com/funds/coni","key_facts":[{"label":"What COIN did","value":"+17.1%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221252.8%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221253.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22120.9 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$13m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.15%","as_of":"2026-09-30","source":"485BPOS XBRL, Oct 24, 2025"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/coia-vs-coni"}