BITU vs. CONL
Compare and contrast key facts about Proshares Ultra Bitcoin ETF (BITU) and GraniteShares 2x Long COIN Daily ETF (CONL).
BITU and CONL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITU is a passively managed fund by ProShares that tracks the performance of the Bloomberg Bitcoin Index - Benchmark TR Gross. It was launched on Apr 1, 2024. CONL is an actively managed fund by GraniteShares. It was launched on Aug 9, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITU or CONL.
Correlation
The correlation between BITU and CONL is 0.71, 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.
Performance
BITU vs. CONL - Performance Comparison
Key characteristics
BITU:
-0.17
CONL:
-0.47
BITU:
0.53
CONL:
-0.21
BITU:
1.06
CONL:
0.98
BITU:
-0.35
CONL:
-0.92
BITU:
-0.65
CONL:
-1.59
BITU:
29.64%
CONL:
50.37%
BITU:
109.46%
CONL:
169.15%
BITU:
-55.28%
CONL:
-87.62%
BITU:
-48.87%
CONL:
-83.52%
Returns By Period
In the year-to-date period, BITU achieves a -31.36% return, which is significantly higher than CONL's -60.22% return.
BITU
-31.36%
3.70%
43.09%
-12.21%
N/A
N/A
CONL
-60.22%
-10.52%
-34.73%
-77.89%
N/A
N/A
Compare stocks, funds, or ETFs
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.
Risk-Adjusted Performance
BITU vs. CONL — Risk-Adjusted Performance Rank
BITU
CONL
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.
Dividends
BITU vs. CONL - Dividend Comparison
BITU's dividend yield for the trailing twelve months is around 6.36%, while CONL has not paid dividends to shareholders.
| TTM | 2024 | |
|---|---|---|
BITU Proshares Ultra Bitcoin ETF | 6.36% | 0.12% |
CONL GraniteShares 2x Long COIN Daily ETF | 0.00% | 0.31% |
Drawdowns
BITU vs. CONL - Drawdown Comparison
The maximum BITU drawdown since its inception was -55.28%, smaller than the maximum CONL drawdown of -87.62%. Use the drawdown chart below to compare losses from any high point for BITU and CONL. For additional features, visit the drawdowns tool.
Volatility
BITU vs. CONL - Volatility Comparison
The current volatility for Proshares Ultra Bitcoin ETF (BITU) is 34.19%, while GraniteShares 2x Long COIN Daily ETF (CONL) has a volatility of 50.27%. 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.