Which came closer to its stated multiple, COIG or CONI?

Over the window to Sep 30, 2026, COIG finished 20.1 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.

Are COIG and CONI levered on the same thing?

Yes. Both are levered on Coinbase Global, COIG at +2 times and CONI at -2 times the daily move.

Which one decays faster, COIG or CONI?

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

Can I hold COIG or CONI 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 CONI?

COIG charges 0.78% a year and CONI charges 1.15%, so COIG is cheaper. Fees come from each fund's prospectus.

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COIG vs CONI: which held to its multiple?

Over three months against its own daily promise, COIG finished 5.5 points short and CONI 0.9 points short. Leverage Shares 2X Long COIN Daily ETF and GraniteShares 2x Short COIN Daily ETF.

+14.0%

COIG returned, 3 months

−53.7%

CONI returned, 3 months

−20.1 pts

COIG from its stated multiple

−19.6 pts

CONI from its stated multiple

COIG · 3 months to Sep 30, 202620.1 pts short of its stated multiple

COIG returned +14.0% while 2 times COIN's move would have been +34.1%

CONI · 3 months to Sep 30, 202619.6 pts short of its stated multiple

CONI returned −53.7% while −2 times COIN's move would have been −34.1%

ETFIQ Decay Resistance Score · COIG scores higherDid it keep up with its own daily multiple, compounded day by day?

COIG among the 470 leveraged ETFs, long, over three months

COIG 11.4

0.1, the lowest in this set99.9, the highest

CONI among the 125 inverse ETFs over three months

CONI 8.4

0.4, the lowest in this set99.6, the highest

A percentile among the 470 leveraged ETFs, long, over three months. CONI is a percentile among the 125 inverse ETFs over three months, a different set, so the two marks are not on one scale. 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

	Total return		Multiple would give		Difference
Window	COIG	CONI	COIG	CONI	COIG	CONI
1 month	−8.5%	−15.6%	−1.8%	+1.8%	−6.7 pts	−17.4 pts
3 months	+14.0%	−53.7%	+34.1%	−34.1%	−20.1 pts	−19.6 pts
6 months	−17.2%	−61.6%	+15.5%	−15.5%	−32.8 pts	−46.1 pts
1 year	−84.9%	−41.3%	−89.5%	+89.5%	+4.6 pts	−130.8 pts
Since launch COIG Mar 2025 · CONI Sep 2024	−64.8%	−95.2%	+3.6%	−28.4%	−68.4 pts	−66.8 pts

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

On the same fields

COIG

Leverage Shares 2X Long COIN Daily ETF · Aims to return twice the daily move of Coinbase Global (COIN)

CONI

GraniteShares 2x Short COIN Daily ETF · Aims to return twice the opposite of the daily move of Coinbase Global (COIN)

Issuer Leverage Shares GraniteShares

Sets out to return +2x -2x

Underlying asset COIN COIN

Segment company company

Fund returned, 3 months or since launch +14.0% −53.7%

Underlying returned, over that window +17.1% +17.1%

What the stated multiple implies, over that window +34.1% −34.1%

Difference from stated, over that window −20.1 pts −19.6 pts

Fund returned, 1 year or since launch −84.9% −41.3%

Difference from stated, over that window +4.6 pts −130.8 pts

Underlying volatility 75% 75%

Difference over the days both have traded −20.1 pts no shared window

Expense ratio 0.78% 1.15%

Launched Mar 14, 2025 Sep 4, 2024

Net assets $11m $13m

COIG and CONI on the same fields, as of Sep 30, 2026. Source: ETFIQ.

COIG in plain words

Three months to Sep 30, 2026: COIG returned +14.0% where its own daily promise gave +19.5%, 5.5 points short. Read the multiple against the whole window instead and 2 times COIN's 17.1% implies +34.1%, which makes COIG look 20.1 points short. 14.6 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 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.

CONI in plain words

Three months to Sep 30, 2026: CONI returned −53.7% where its own daily promise gave −52.8%, 0.9 points short. Read the multiple against the whole window instead and −2 times COIN's 17.1% implies −34.1%, which makes CONI look 19.6 points short. 18.7 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. CONI aims to return -2 times COIN'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.

Questions people ask

Which came closer to its stated multiple, COIG or CONI?: Over the window to Sep 30, 2026, COIG finished 20.1 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.
Are COIG and CONI levered on the same thing?: Yes. Both are levered on Coinbase Global, COIG at +2 times and CONI at -2 times the daily move.
Which one decays faster, COIG or CONI?: Decay follows how much the underlying moves about. Over this window COIG’s moved at 75% annualized and CONI’s at 75%, so COIG has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold COIG or CONI 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 CONI?: COIG charges 0.78% a year and CONI charges 1.15%, so COIG is cheaper. Fees come from each fund's prospectus.

Other comparisons

COIG vs COIX COIG vs CONL COIG vs CONX COIG vs COIA CONI vs CONL CONI vs CONX CONI vs COIX CONI vs COIA

COIG on its own →CONI on its own →How every figure is computed →Standards and sources →

Where these figures came from

COIG filings on SEC EDGAR ↗COIG prospectus with the expense ratio (SEC) ↗Leverage Shares website ↗CONI filings on SEC EDGAR ↗CONI prospectus with the expense ratio (SEC) ↗GraniteShares page for CONI ↗

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, COIG against CONI, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/coig-vs-coni

Open data

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