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BITU vs. CONL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BITU and CONL is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.7

Performance

BITU vs. CONL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Proshares Ultra Bitcoin ETF (BITU) and GraniteShares 2x Long COIN Daily ETF (CONL). The values are adjusted to include any dividend payments, if applicable.

-50.00%0.00%50.00%100.00%JulyAugustSeptemberOctoberNovemberDecember
85.15%
-12.84%
BITU
CONL

Key characteristics

Daily Std Dev

BITU:

111.39%

CONL:

169.72%

Max Drawdown

BITU:

-55.23%

CONL:

-82.62%

Current Drawdown

BITU:

0.00%

CONL:

-32.84%

Returns By Period


BITU

YTD

N/A

1M

31.15%

6M

112.40%

1Y

N/A

5Y (annualized)

N/A

10Y (annualized)

N/A

CONL

YTD

68.95%

1M

-3.21%

6M

10.02%

1Y

102.55%

5Y (annualized)

N/A

10Y (annualized)

N/A

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Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


BITU vs. CONL - Expense Ratio Comparison

BITU has a 0.95% expense ratio, which is lower than CONL's 1.15% expense ratio.


CONL
GraniteShares 2x Long COIN Daily ETF
Expense ratio chart for CONL: current value at 1.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.15%
Expense ratio chart for BITU: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Risk-Adjusted Performance

BITU vs. CONL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Proshares Ultra Bitcoin ETF (BITU) 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.


Sharpe ratio
No data
BITU
CONL


Chart placeholderNot enough data

Dividends

BITU vs. CONL - Dividend Comparison

BITU's dividend yield for the trailing twelve months is around 0.08%, less than CONL's 0.19% yield.


TTM
BITU
Proshares Ultra Bitcoin ETF
0.08%
CONL
GraniteShares 2x Long COIN Daily ETF
0.19%

Drawdowns

BITU vs. CONL - Drawdown Comparison

The maximum BITU drawdown since its inception was -55.23%, smaller than the maximum CONL drawdown of -82.62%. Use the drawdown chart below to compare losses from any high point for BITU and CONL. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember0
-22.40%
BITU
CONL

Volatility

BITU vs. CONL - Volatility Comparison

The current volatility for Proshares Ultra Bitcoin ETF (BITU) is 28.19%, while GraniteShares 2x Long COIN Daily ETF (CONL) has a volatility of 44.22%. This indicates that BITU 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.


20.00%30.00%40.00%50.00%60.00%70.00%80.00%JulyAugustSeptemberOctoberNovemberDecember
28.19%
44.22%
BITU
CONL
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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