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ProShares Ultra COIN

COIANYSE ArcaProSharesCThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$4.45−0.39 (−8.06%)

As of Nov 2, 2026, 3:59 PM ET

C40/ 100

Rank 4 of 5 in 2x Long Coinbase (COIN)

C40/100Rank 4 of 5in2x Long Coinbase (COIN)
Intraday session: down, 79 prints from 4.84 to 4.45. Range 4.31 to 4.77. Use the arrow keys to read each point.4.304.604.7010 AM12 PM2 PM4 PM
Expense ratio
0.95%*
Fund size
$1M
1Y total return
−91.6%
Yield · Last 12 months
No data
Holdings
1
Avg volume · 30D
64.2K sh
52W range
low $4.40high $57.44
Launched

*After a fee waiver that ends Sep 30, 2027. Without it: 2.54%.

The ETF.net COIA Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
2x Long Coinbase (COIN)⁠
Rank
4 of 5
Six-pillar profile for COIA. Scores out of 100: Cost 53, Risk 28, Mission 99, Tradability 48, Holdings not scored, Durability 48. Strongest: Mission (99). Weakest: Risk (28). Based on 5 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
60
This cap took
−20
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C53 out of 100
    Rank 3 of 5

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A99 out of 100
    Rank 1 of 4

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D28 out of 100
    Rank 5 of 5

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C48 out of 100
    Rank 3 of 5

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C48 out of 100
    Rank 4 of 5

Our read on COIA

ETF.net Research

In short

CCoinbase, doubled daily. COIA is ProShares' 2x COIN fund, one of five chasing the same trade, from the firm that pioneered geared ETFs. It resets every day, which makes it a short-horizon tool rather than a buy-and-forget holding.

Stated mandate

The fund seeks daily investment results, before fees and expenses, equal to twice the daily performance of Coinbase Global, Inc.'s Class A common shares.

Why people hold it

  • Built by the house that popularized geared ETFs: ProShares bills itself as the world's largest provider of leveraged and inverse funds, with nearly three decades of experience.proshares.com
  • Day to day, it has hugged its stated 2x COIN target closely, which is the entire job of a daily-reset fund.
  • 2x exposure to Coinbase through one ticker in an ordinary brokerage account, with no margin borrowing on your end.proshares.com

Worth knowing

  • The 0.95% is net of a waiver through September 30, 2027; gross is 2.54%. Cheaper 2x COIN options exist, including COIX at 0.20% and COIG at 0.78%, neither under a waiver.
  • Daily reset means compounding: hold longer than a day and results can diverge widely from 2x COIN, with choppy, high-volatility stretches the least forgiving.sec.gov
  • Still a small fund with only moderate trading, so spreads and premiums can run wider than at the busiest 2x COIN names.

COIA Holdings

Asset class
Stocks
Holdings
1
Top-10 weight
100%
Largest holding
Net Other Assets (Liabilities)100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataNet Other Assets (Liabilities)100.00%604,537$605K151

Showing 1–1 of 1 holdings

COIA Performance

Launched Sep 8, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
COIA$842
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. COIA $842. SPY $11,199. Use the arrow keys to read each point.$0$5,000$10,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for COIA. Periods over one year show the average yearly return.
PeriodCOIA
Year to date−78.5%
1 month−43.9%
3 months−19.5%
1 year−91.6%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for COIA
YearReturn barCOIA
2026 YTD−78.5%
2025−56.8%

History from Sep 10, 2025

COIA in the news

COIA Dividends

Last payment
$0.12 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 4 payments from 2025 to 2026 YTD. Dec 24, 2025 $0.26; Mar 25, 2026 $0.15; Jun 24, 2026 $0.06; Sep 23, 2026 $0.12. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 23, 2026Sep 29, 2026$0.12
Jun 24, 2026Jun 30, 2026$0.06
Mar 25, 2026Mar 31, 2026$0.15
Dec 24, 2025Dec 31, 2025$0.26

$10,000 in COIA 1 year ago paid $98.68 in dividends.

COIA Risk

Risk pillarD28 out of 100Rank 5 of 5 in 2x Long Coinbase (COIN)

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
96.3%
Annualised · 13 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−1.75
vs 3-month T-bills · 13 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−93.6%
13 months · trough Oct 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
2.50
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

COIA Cost

Compare COIA and COIX

Overpaying vs COIX, cheapest in 2x Long Coinbase (COIN)

$13,714

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • COIA 0.95%

    $17,869

  • COIX 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • COIA 0.95%
  • COIX 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530COIA $17,869COIX $4,155

Year by year

YearCOIACOIXOverpaying
10$1,678$365$1,313
20$6,322$1,421$4,901
30$17,869$4,155$13,714
How the 0.95% is worked out

Full fee 2.54%− waiver 1.59%= you pay 0.95%

The waiver ends Sep 30, 2027. After that the fee is 2.54% unless ProShares renews it. Source: prospectus, Sep 2026.

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