- CUSIP
- CUSIP38747R801
- Issuer
- GraniteShares
- Inception Date
- Aug 9, 2022
- Category
- Leveraged Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Assets Under Management
- $565M
Share Price Chart
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Performance
CONL Performance Chart
GraniteShares 2x Long COIN Daily ETF (CONL) is down 62.5% since the beginning of the year. CONL is currently trading at $5 per share.
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Returns By Period
GraniteShares 2x Long COIN Daily ETF (CONL) has returned -62.53% so far this year and -84.98% over the past 12 months.
GraniteShares 2x Long COIN Daily ETF
- 1D
- 1.67%
- 1M
- -24.17%
- YTD
- -62.53%
- 6M
- -69.05%
- 1Y
- -84.98%
- 3Y*
- -12.52%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CONL Monthly Returns History
Based on dividend-adjusted daily data since Aug 9, 2022, CONL's average daily return is +0.28%, while the average monthly return is +5.53%. At this rate, an investment would double in approximately 1.1 years.
Historically, 45% of months were positive and 55% were negative. The best month was Nov 2024 with a return of +133.9%, while the worst month was Feb 2025 at -48.2%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 6 months.
On a daily basis, CONL closed higher 47% of trading days. The best single day was Nov 6, 2024 with a return of +61.5%, while the worst single day was Mar 10, 2025 at -34.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -28.33% | -27.43% | -8.14% | 10.86% | -3.35% | -26.80% | -62.53% | ||||||
| 2025 | 31.17% | -48.17% | -42.23% | 29.87% | 35.78% | 88.75% | 13.05% | -39.58% | 18.69% | -1.28% | -40.49% | -33.32% | -58.49% |
| 2024 | -37.68% | 129.03% | 58.73% | -44.73% | 15.12% | -6.82% | -3.72% | -37.14% | -9.74% | -8.13% | 133.92% | -33.89% | 4.23% |
| 2023 | 100.81% | 9.47% | 1.29% | -30.23% | 20.53% | 19.49% | 56.54% | -29.32% | -9.80% | 2.15% | 101.72% | 61.16% | 641.63% |
| 2022 | -41.45% | -8.32% | 0.85% | -45.53% | -33.53% | -80.40% |
Benchmark Metrics
GraniteShares 2x Long COIN Daily ETF has an annualized alpha of -7.13%, beta of 4.69, and R2 of 0.26 versus S&P 500 Index. Calculated based on daily prices since August 09, 2022.
- This ETF captured 417.95% of S&P 500 Index gains and 295.52% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.26 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
- -7.13%
- Beta
- 4.69
- R²
- 0.26
- Upside Capture
- 417.95%
- Downside Capture
- 295.52%
Expense Ratio
CONL has a high expense ratio of 1.15%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
CONL ranks 3 for risk / return — in the bottom 3% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for GraniteShares 2x Long COIN Daily ETF (CONL) 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.
| CONL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.66 | ||
| Sortino ratioReturn per unit of downside risk | -3.78 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.37 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 2.78 | -3.70 |
| Martin ratioReturn relative to average drawdown | -1.24 | 12.44 | -13.68 |
Dividends
Dividend History
GraniteShares 2x Long COIN Daily ETF provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.11 |
Dividend yield | 0.00% | 0.00% | 0.31% |
Monthly Dividends
The table displays the monthly dividend distributions for GraniteShares 2x Long 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 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the GraniteShares 2x Long 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 Long COIN Daily ETF was 94.36%, occurring on Jun 5, 2026. The portfolio has not yet recovered.
The current GraniteShares 2x Long COIN Daily ETF drawdown is 93.55%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -94.36%Jun 2026 | 2y 2mo | — | 2y 3moMar 2024 - now |
Bear market2022 | -82.67%Dec 2022 | 4mo 21d | 11mo 8d | 1y 3moAug 2022 - Dec 2023 |
2024 bear market2024 | -53.53%Feb 2024 | 1mo 8d | 11d | 1mo 19dDec 2023 - Feb 2024 |
2024 bear market2024 | -20.98%Mar 2024 | 8d | 2d | 10dMar 2024 - Mar 2024 |
2024 correction2024 | -19.52%Feb 2024 | 1d | 5d | 6dFeb 2024 - Feb 2024 |
Drawdown Indicators
| CONL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.36% | -56.78% | -37.58% |
Max Drawdown (1Y)Largest decline over 1 year | -92.57% | -9.10% | -83.47% |
Max Drawdown (3Y)Largest decline over 3 years | -94.36% | -18.90% | -75.46% |
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 | -93.55% | -1.80% | -91.75% |
Average DrawdownAverage peak-to-trough decline | -56.41% | -10.71% | -45.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.70% | 2.03% | +66.67% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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