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 higher-than-average management fees.
Share Price Chart
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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 68.95% year-to-date (YTD) and 102.55% in the last 12 months.
CONL
68.95%
-3.21%
10.02%
102.55%
N/A
N/A
^GSPC (Benchmark)
26.85%
3.07%
10.27%
27.63%
13.60%
11.35%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -37.68% | 129.03% | 58.73% | -44.73% | 15.12% | -6.82% | -3.72% | -37.14% | -9.74% | -8.13% | 133.92% | 68.95% | |
| 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 46, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
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 0.19% dividend yield over the last twelve months, with an annual payout of $0.11 per share.
| Period | TTM |
|---|---|
| Dividend | $0.11 |
Dividend yield | 0.19% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 82.62%, occurring on Dec 28, 2022. Recovery took 233 trading sessions.
The current GraniteShares 2x Long COIN Daily ETF drawdown is 32.84%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -82.62% | Aug 11, 2022 | 97 | Dec 28, 2022 | 233 | Dec 1, 2023 | 330 |
| -79.46% | Mar 26, 2024 | 114 | Sep 6, 2024 | — | — | — |
| -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 44.22%, 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.