COHX +2x Tradr 2X Long COHR Daily ETF
COHX
ETF +2x BULL standardTradr 2X Long COHR Daily ETF
Realized return vs theoretical +2x COHR
Other leveraged products tracking COHR
| Symbol | Factor | Direction | Issuer | Name | Implied AUM | 30d Vol | Options |
|---|---|---|---|---|---|---|---|
| COHH | +2x | BULL | Leverage Shares | Leverage Shares 2X Long COHR Daily ETF | $10.5M | 324,552 |
How COHX works
COHX targets +2x the daily return of COHR — not the cumulative return over multi-day windows. The fund rebalances at the close each day using swaps or futures, which is what creates the volatility drag the chart above visualizes.
Mathematical headline: drag ≈ −0.5 × N × (N−1) × σ² per period. For a +2x product on an underlying with 25% annualized vol, expected annual drag is around 6.2%. Add expense ratio and the realized number is typically worse.
- Short-term tactical: daily and intraday holds are where these products were designed to live.
- Premium selling: options on COHX carry very rich IV — see the quote page for IV rank and straddle pricing.
- Multi-day directional: works in strong trends; gets eaten alive in chop. Use the chart above to gauge the realized vs theoretical track record.