AMZN vs. CONL
AMZN (Amazon.com, 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, AMZN returned 24.88%/yr vs -8.64%/yr for CONL. At a 0.43 correlation, their price movements are largely independent.
Performance
AMZN vs. CONL - Performance Comparison
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Returns By Period
In the year-to-date period, AMZN achieves a 5.88% return, which is significantly higher than CONL's -63.14% return.
AMZN
- 1D
- 2.90%
- 1M
- -7.78%
- YTD
- 5.88%
- 6M
- 7.50%
- 1Y
- 15.00%
- 3Y*
- 24.88%
- 5Y*
- 6.99%
- 10Y*
- 21.21%
CONL
- 1D
- -2.17%
- 1M
- -30.59%
- YTD
- -63.14%
- 6M
- -68.88%
- 1Y
- -83.91%
- 3Y*
- -8.64%
- 5Y*
- —
- 10Y*
- —
AMZN vs. CONL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AMZN Amazon.com, Inc | 5.88% | 5.21% | 44.39% | 80.88% | -39.75% |
CONL GraniteShares 2x Long COIN Daily ETF | -63.14% | -58.49% | 4.23% | 641.63% | -80.40% |
Correlation
The correlation between AMZN and CONL is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.43 |
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Return for Risk
AMZN vs. CONL — Risk / Return Rank
AMZN
CONL
AMZN vs. CONL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amazon.com, Inc (AMZN) 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.
| AMZN | CONL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.89 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | -0.91 | +1.60 |
| Martin ratioReturn relative to average drawdown | 1.61 | -1.23 | +2.84 |
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Drawdowns
AMZN vs. CONL - Drawdown Comparison
The maximum AMZN drawdown since its inception was -94.40%, roughly equal to the maximum CONL drawdown of -94.36%. Use the drawdown chart below to compare losses from any high point for AMZN and CONL.
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Drawdown Indicators
| AMZN | CONL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.40% | -94.36% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -21.74% | -92.57% | +70.83% |
Max Drawdown (3Y)Largest decline over 3 years | -30.88% | -94.36% | +63.48% |
Max Drawdown (5Y)Largest decline over 5 years | -56.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -56.15% | — | — |
Current DrawdownCurrent decline from peak | -11.13% | -93.66% | +82.53% |
Average DrawdownAverage peak-to-trough decline | -28.18% | -56.37% | +28.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.32% | 68.46% | -59.14% |
Volatility
AMZN vs. CONL - Volatility Comparison
The current volatility for Amazon.com, Inc (AMZN) is 9.64%, while GraniteShares 2x Long COIN Daily ETF (CONL) has a volatility of 36.22%. This indicates that AMZN 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
| AMZN | CONL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.64% | 36.22% | -26.58% |
Volatility (6M)Calculated over the trailing 6-month period | 21.29% | 102.76% | -81.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.56% | 139.79% | -109.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.61% | 149.68% | -114.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.53% | 149.68% | -117.15% |
Dividends
AMZN vs. CONL - Dividend Comparison
Neither AMZN nor CONL has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AMZN Amazon.com, Inc | 0.00% | 0.00% | 0.00% |
CONL GraniteShares 2x Long COIN Daily ETF | 0.00% | 0.00% | 0.31% |
Frequently Asked Questions
AMZN and CONL have a correlation of 0.37, 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 AMZN (9.64%). In terms of maximum drawdown, AMZN dropped -94.40% vs CONL's -94.36%.
AMZN currently has the higher Sharpe Ratio (0.49 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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