GraniteShares 2x Long COIN Daily ETF (CONL)
The actively managed ETF aims to replicate 2 times (200%) the daily performance of Coinbase Global Inc. stock through swap agreements.
ETF Info
CUSIP38747R801
Aug 9, 2022
1x
No Index (Active)
Expense Ratio
CONL has a high expense ratio of 1.15%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in GraniteShares 2x Long COIN Daily ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
GraniteShares 2x Long COIN Daily ETF had a return of -59.76% year-to-date (YTD) and -79.48% in the last 12 months.
CONL
-59.76%
-40.81%
-32.86%
-79.48%
N/A
N/A
^GSPC (Benchmark)
-4.23%
-5.40%
-1.33%
7.42%
17.47%
10.57%
Monthly Returns
The table below presents the monthly returns of CONL, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 31.17% | -48.17% | -42.23% | 2.45% | -59.76% | ||||||||
| 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 | 100.83% | 9.47% | 1.29% | -30.23% | 20.53% | 19.49% | 56.54% | -29.32% | -9.80% | 2.15% | 101.72% | 61.16% | 641.70% |
| 2022 | -35.12% | -8.32% | 0.85% | -45.53% | -33.54% | -78.28% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of CONL is 5, meaning it’s performing worse than 95% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for GraniteShares 2x Long COIN Daily ETF (CONL) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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 | 2024 |
|---|---|---|
| Dividend | $0.00 | $0.11 |
Dividend yield | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $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.
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 83.73%, occurring on Mar 31, 2025. The portfolio has not yet recovered.
The current GraniteShares 2x Long COIN Daily ETF drawdown is 83.33%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -83.73% | Mar 26, 2024 | 254 | Mar 31, 2025 | — | — | — |
| -82.62% | Aug 11, 2022 | 97 | Dec 28, 2022 | 233 | Dec 1, 2023 | 330 |
| -53.53% | Dec 29, 2023 | 25 | Feb 5, 2024 | 9 | Feb 16, 2024 | 34 |
| -20.98% | Mar 11, 2024 | 7 | Mar 19, 2024 | 2 | Mar 21, 2024 | 9 |
| -19.52% | Feb 20, 2024 | 2 | Feb 21, 2024 | 3 | Feb 26, 2024 | 5 |
Volatility
Volatility Chart
The current GraniteShares 2x Long COIN Daily ETF volatility is 57.78%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.