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COIA vs CONX

ProShares Ultra COIN

COIACNYSE Arca

Direxion Daily COIN Bull 2X ETF

CONXBNasdaq

Overlap

Expense ratio

COIA −0.02pt a year

COIA0.95%CONX0.97%

Avg volume · 30D

CONX 2.1×the volume

COIA64.2KCONX137K

COIA vs CONX Performance

Dec 31, 2025 – Oct 30, 2026

−78.5%COIA−77.4%CONX

Dec 31, 2025 to Oct 30, 2026. COIA −78.5%. CONX −77.4%. Use the arrow keys to read each point.−40%−20%0%20%Dec 2025Jun 2026Oct 2026
Expense ratio
COIA 0.95%, better
CONX 0.97%
Fund size
COIA $1M
CONX $5M
1Y total return
COIA −91.6%
CONX No data
Holdings
COIA 1
CONX 8
Avg volume (30D)
COIA 64.2K sh
CONX 137K sh, better
NAV per share
COIA $4.84
CONX $5.00
52W range

ETF.net Grade

COIA: Cost 53, Risk 28, Mission 99, Tradability 48, Holdings not scored, Durability 48. CONX: Cost 38, Risk 63, Mission 93, Tradability 38, Holdings not scored, Durability 52.
Pillar letters and Scores for COIA, CONX, with each pillar’s weight
PillarCOIACONX
Cost30% weightC53HigherD38
Mission25% weightA99HigherA93
Risk15% weightD28B63Higher
Tradability15% weightC48HigherD38
Holdings10% weightNot scoredNot scored
Durability5% weightC48C52Higher

Rank among 2x Long Coinbase (COIN) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. COIA and CONX are both graded against the same 5 2x Long Coinbase (COIN) funds, so their Grades compare head to head.

2x Long Coinbase (COIN)⁠

Category · 5 funds
See all 5 ›

CONX ranks 2nd and COIA 4th of 5 funds in the 2x Long Coinbase (COIN) Category.

  1. Rank 1BCOIGLeverage Shares 2x Long COIN Daily ETFScore 65
  2. Rank 2BCONXDirexion Daily COIN Bull 2X ETFScore 58
  3. Rank 3CCONLGraniteShares 2x Long COIN Daily ETFScore 51
  4. Rank 4CCOIAProShares Ultra COINScore 40
  5. Rank 4CCOIXCorgi COIN 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

COIACProShares Ultra COIN

CONXBDirexion Daily COIN Bull 2X ETF

In short

COIA Coinbase, 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.

CONX Direxion's entry in the most crowded corner of leveraged single-stock land: 200% of Coinbase's daily move, reset every night. Fee is 0.97% net of a waiver through September 1, 2027.

Stated mandate

COIA 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.

CONX The fund seeks daily investment results equal to 200% of the performance of Coinbase Global, Inc. common shares, before fees and expenses.

Why people hold it

  • COIA 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
  • CONX The job is hitting 200% of COIN's daily move, and this one has tracked that target closely, one of the stronger implementations in the small 2x COIN field.direxion.com
  • 0.97% net of a waiver through September 1, 2027, on a 0.99% gross, which lands near the middle of its peer group. COIX lists 0.20%, with no waiver attached.sec.gov
  • Per its summary prospectus, at least 80% of net assets sit in COIN shares and instruments like swaps. Leveraged exposure arrives as an ordinary ETF share, no margin account or options chain.sec.gov

Worth knowing

  • COIA 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.
  • CONX The leverage resets daily. Over any stretch longer than one trading day, results follow COIN's path, not 200% of its net move, as Direxion's filings spell out.sec.gov
  • A November 2025 launch, and one of the smaller, more moderately traded funds in its group. Thinner volume can show up in your trading costs.
  • Everything rides on one company. And the expense cap is recoupable: the adviser can claw back waived amounts within three years if expenses later fall below the cap.sec.gov

Full COIA profile⁠

Full CONX profile⁠

COIA vs CONX Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

COIA vs CONX Cost

Overpaying CONX vs COIA

$329

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

  • COIA 0.95%

    $17,869

  • CONX 0.97%

    $18,198

$10,000
30 years

Cost over time

  • COIA 0.95%
  • CONX 0.97%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530CONX $18,198COIA $17,869

Year by year

YearCOIACONXOverpaying
10$1,678$1,712$34
20$6,322$6,443$121
30$17,869$18,198$329

Expense ratio

  • 0.95%COIA, cheaper
  • 0.97%CONX
  • Middle half of 2x Long Coinbase (COIN) funds
  • Median 0.95%

COIA 3rd cheapest of 5 funds

CONX 4th cheapest of 5 funds

COIA vs CONX Dividends

Last 12 months to Oct 30, 2026
Last payment
COIA $0.12
CONX $0.03
Ex-dividend
COIA Sep 23, 2026
CONX Sep 22, 2026
Paid on
COIA Sep 29, 2026
CONX Sep 29, 2026
Frequency
COIA Quarterly
CONX Quarterly

Distribution history

Per share, 2025 to 2026, same scale for both

COIAQuarterly · 4 paymentsAll COIA payments⁠
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.$0$0.252026YTD
CONXQuarterly · 4 paymentsAll CONX payments⁠
One bar per payment. 4 payments from 2025 to 2026 YTD. Dec 23, 2025 $0.07; Mar 24, 2026 $0.07; Jun 23, 2026 $0.03; Sep 22, 2026 $0.03. Use the arrow keys to read each point.$0$0.252026YTD

COIA vs CONX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
COIA 96.3%since Oct 2025CONX No data
Return per unit of riskSharpe ratio, 3 years
COIA −1.75since Oct 2025CONX No data
Worst fallMax drawdown, 5 years
COIA −93.6%since Sep 2025CONX No data
Market sensitivityBeta, 5 years
COIA 2.50CONX 2.23

Popular comparisons

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