What this ETF is trying to do

The LEVERAGE SHARES 2X LONG COST DAILY ETF (ticker: COTG) is an exchange-traded fund listed on the NASDAQ. This specific ETF is classified as a leveraged fund. Leveraged funds are designed to amplify the movements of an underlying asset.

What the numbers show

As of October 5, 2026, the current price of COTG is $11.91.

When looking at how the share price has moved, we can see different results depending on the time frame:

• Year-to-Date (YTD) Price Return: The share price has increased by approximately 3.16% since the start of the year.

• One-Year Price Return: Over the last 12 months, the share price has declined by approximately 11.67%.

To understand what this means for an investor, we can look at a price-only example. An estimated price from roughly one year ago was $13.49. Comparing that to the current price of $11.91 shows the share-price decline over that period.

Because this ETF does not pay distributions, the price return and the total return are the same in this case. Total return is a measure that includes both price changes and any cash paid out to investors.

Income and distribution explanation

Some investors look for ETFs that pay them regular cash, known as distributions. For COTG, the distribution yield is 0%. No distributions have been detected over the last 12 months. Because there is no cash being paid out, this ETF is not currently a source of income.

NAV erosion explanation

"NAV erosion" is a term used to describe a decline in the Net Asset Value (the actual value of the fund's assets). While a falling market price does not always mean the NAV has dropped, we use "erosion-risk scores" to measure this possibility.

COTG has an erosion score of 75, which is labeled as "Mild price erosion." This is a measurement of risk regarding how the price has behaved, rather than a confirmed loss of all value. There is no "severe erosion-risk flag" for this ETF.

Pros

• Positive YTD Movement: The fund has shown a positive price return of approximately 3.16% so far this year.

• Leveraged Structure: It is designed for investors seeking to amplify price movements.

Cons

• Recent Price Decline: The fund has experienced a share-price decline of approximately 11.67% over the last year.

• No Income: There are no distributions or dividends being paid to investors.

• Single Holding Concentration: The fund's reported top holding is FIRST AMERICAN TREASURY OBLIGS X, which makes up 14.05% of the fund.

Beginner takeaway

COTG is a leveraged ETF, which means it moves more intensely than the assets it tracks. While it has seen some growth so far this year, it has lost value over the past 12 months. It also does not provide any cash income through distributions. Always remember that a leveraged fund carries different risks than a standard, non-leveraged fund.