- Issuer
- GraniteShares
- Inception Date
- Sep 3, 2024
- Region
- North America (U.S.)
- Category
- Inverse Equities
- Leveraged
- -2x
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Assets Under Management
- $11M
Highlights
- Avg. Volume (1M)
- 153K
- Avg. Volume Value (1M)
- $7.36M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
CONI Performance Chart
GraniteShares 2x Short COIN Daily ETF (CONI) is down 36.5% since the beginning of the year. CONI is currently trading at $43 per share.
Loading charts...
Returns By Period
GraniteShares 2x Short COIN Daily ETF (CONI) has returned -36.54% so far this year and 17.48% over the past 12 months.
GraniteShares 2x Short COIN Daily ETF
- 1D
- -11.85%
- 1M
- -29.48%
- 6M
- -39.28%
- YTD
- -36.54%
- 1Y
- 17.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -72.75%
Benchmark (S&P 500 Index)
- 1D
- 0.07%
- 1M
- 0.80%
- 6M
- 6.66%
- YTD
- 8.29%
- 1Y
- 16.04%
- 3Y*
- 17.39%
- 5Y*
- 10.99%
- 10Y*
- 13.05%
- ALL TIME*
- 8.07%
CONI Monthly Returns History
Based on dividend-adjusted daily data since Sep 4, 2024, CONI's average daily return is -0.17%, while the average monthly return is -5.02%.
Historically, 35% of months were positive and 65% were negative. The best month was Jun 2026 with a return of +49.1%, while the worst month was Jun 2025 at -60.5%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 4 months.
On a daily basis, CONI closed higher 53% of trading days. The best single day was Aug 1, 2025 with a return of +32.7%, while the worst single day was May 13, 2025 at -47.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 24.03% | -13.10% | -16.30% | -20.99% | -12.39% | 49.13% | -31.87% | -36.54% | |||||
| 2025 | -17.10% | 30.95% | 17.16% | -19.51% | -49.55% | -60.49% | -17.43% | 35.65% | -23.12% | -13.64% | 39.14% | 38.07% | -70.84% |
| 2024 | -10.75% | -6.69% | -51.80% | 15.08% | -53.81% |
Benchmark Metrics
GraniteShares 2x Short COIN Daily ETF has an annualized alpha of 21.89%, beta of -3.78, and R2 of 0.23 versus S&P 500 Index. Calculated based on daily prices since September 04, 2024.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -176.60%), but participation in market rallies was also limited (-159.75%) - a profile typical of counter-cyclical assets.
- Beta of -3.78 may look defensive, but with R2 of 0.23 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.23 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 21.89%
- Beta
- -3.78
- R²
- 0.23
- Upside Capture
- -159.75%
- Downside Capture
- -176.60%
Expense Ratio
CONI has a high expense ratio of 1.15%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
CONI ranks 21 for risk / return — below 21% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for GraniteShares 2x Short COIN Daily ETF (CONI) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CONI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.23 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 1.78 | -1.54 |
| Martin ratioReturn relative to average drawdown | 0.40 | 7.60 | -7.21 |
Dividends
Dividend History
GraniteShares 2x Short COIN Daily ETF provided a 1.38% dividend yield over the last twelve months, with an annual payout of $0.60 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.60 | $0.60 | $3.29 |
Dividend yield | 1.38% | 0.87% | 1.39% |
Monthly Dividends
The table displays the monthly dividend distributions for GraniteShares 2x Short COIN Daily ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $0.60 |
| 2024 | $3.29 | $3.29 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the GraniteShares 2x Short COIN Daily ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the GraniteShares 2x Short COIN Daily ETF was 94.53%, occurring on Oct 8, 2025. The portfolio has not yet recovered.
The current GraniteShares 2x Short COIN Daily ETF drawdown is 92.22%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-94.53%Oct 2025 | 1y 29d | — | 1y 10moSep 2024 - now | — |
-0.32%Sep 2024 | 0s | 1d | 1dSep 2024 - Sep 2024 | — |
Drawdown Indicators
| CONI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.53% | -56.78% | -37.75% |
Max Drawdown (1Y)Largest decline over 1 year | -75.12% | -9.10% | -66.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -92.22% | -2.58% | -89.64% |
Average DrawdownAverage peak-to-trough decline | -74.46% | -10.70% | -63.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.30% | 2.12% | +42.18% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with CONI
Add GraniteShares 2x Short COIN Daily ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with CONI