AAPL vs. CONL
AAPL (Apple Inc) is a stock, while CONL (GraniteShares 2x Long COIN Daily ETF) is Leveraged Equities fund actively managed by GraniteShares. Over the past 3 years, AAPL returned 17.79%/yr vs -8.64%/yr for CONL. At a 0.29 correlation, their price movements are largely independent.
Performance
AAPL vs. CONL - Performance Comparison
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Returns By Period
In the year-to-date period, AAPL achieves a 9.82% return, which is significantly higher than CONL's -63.14% return.
AAPL
- 1D
- 0.70%
- 1M
- -1.40%
- YTD
- 9.82%
- 6M
- 9.10%
- 1Y
- 52.20%
- 3Y*
- 17.79%
- 5Y*
- 18.57%
- 10Y*
- 29.98%
CONL
- 1D
- -2.17%
- 1M
- -30.59%
- YTD
- -63.14%
- 6M
- -68.88%
- 1Y
- -83.91%
- 3Y*
- -8.64%
- 5Y*
- —
- 10Y*
- —
AAPL vs. CONL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AAPL Apple Inc | 9.82% | 9.05% | 30.71% | 49.01% | -21.06% |
CONL GraniteShares 2x Long COIN Daily ETF | -63.14% | -58.49% | 4.23% | 641.63% | -80.40% |
Correlation
The correlation between AAPL and CONL is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.29 |
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Return for Risk
AAPL vs. CONL — Risk / Return Rank
AAPL
CONL
AAPL vs. CONL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Apple Inc (AAPL) and GraniteShares 2x Long COIN Daily ETF (CONL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AAPL | CONL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.94 | ||
| Sortino ratioReturn per unit of downside risk | +4.16 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 0.89 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 3.80 | -0.91 | +4.71 |
| Martin ratioReturn relative to average drawdown | 9.39 | -1.23 | +10.61 |
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Drawdowns
AAPL vs. CONL - Drawdown Comparison
The maximum AAPL drawdown since its inception was -81.80%, smaller than the maximum CONL drawdown of -94.36%. Use the drawdown chart below to compare losses from any high point for AAPL and CONL.
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Drawdown Indicators
| AAPL | CONL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.80% | -94.36% | +12.56% |
Max Drawdown (1Y)Largest decline over 1 year | -13.80% | -92.57% | +78.77% |
Max Drawdown (3Y)Largest decline over 3 years | -33.36% | -94.36% | +61.00% |
Max Drawdown (5Y)Largest decline over 5 years | -33.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.52% | — | — |
Current DrawdownCurrent decline from peak | -5.45% | -93.66% | +88.21% |
Average DrawdownAverage peak-to-trough decline | -29.59% | -56.37% | +26.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.58% | 68.46% | -62.88% |
Volatility
AAPL vs. CONL - Volatility Comparison
The current volatility for Apple Inc (AAPL) is 7.10%, while GraniteShares 2x Long COIN Daily ETF (CONL) has a volatility of 36.22%. This indicates that AAPL experiences smaller price fluctuations and is considered to be less risky than CONL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AAPL | CONL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.10% | 36.22% | -29.12% |
Volatility (6M)Calculated over the trailing 6-month period | 16.62% | 102.76% | -86.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.64% | 139.79% | -117.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.52% | 149.68% | -122.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.92% | 149.68% | -120.76% |
Dividends
AAPL vs. CONL - Dividend Comparison
AAPL's dividend yield for the trailing twelve months is around 0.35%, while CONL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.35% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
CONL GraniteShares 2x Long COIN Daily ETF | 0.00% | 0.00% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AAPL and CONL have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CONL has higher volatility (36.22%) compared to AAPL (7.10%). In terms of maximum drawdown, AAPL dropped -81.80% vs CONL's -94.36%.
AAPL currently has the higher Sharpe Ratio (2.32 vs -0.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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