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
CUSIP | CUSIP38747R801 |
---|---|
Issuer | GraniteShares |
Inception Date | Aug 9, 2022 |
Category | Leveraged Equities |
Index Tracked | No Index (Active) |
Home Page | graniteshares.com |
Asset Class | Equity |
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 32.29% year-to-date (YTD) and 578.26% in the last 12 months.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 32.29% | 5.21% |
1 month | -35.27% | -4.30% |
6 months | 325.19% | 18.42% |
1 year | 578.26% | 21.82% |
5 years (annualized) | N/A | 11.27% |
10 years (annualized) | N/A | 10.33% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -37.68% | 129.03% | 58.73% | -44.73% | ||||||||
2023 | 2.15% | 101.72% | 61.16% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of CONL is 97, placing it in the top 3% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
GraniteShares 2x Long COIN Daily ETF(CONL)
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 granted a 0.24% dividend yield in the last twelve months. The annual payout for that period amounted to $0.11 per share.
Period | TTM |
---|---|
Dividend | $0.11 |
Dividend yield | 0.24% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.11 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 47.41%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-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 |
-50.23% | Mar 26, 2024 | 25 | Apr 30, 2024 | — | — | — |
-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 46.79%, 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.