BITX vs. CONL
Compare and contrast key facts about Volatility Shares 2x Bitcoin Strategy ETF (BITX) and GraniteShares 2x Long COIN Daily ETF (CONL).
BITX and CONL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITX is an actively managed fund by Volatility Shares. It was launched on Jun 27, 2023. 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: BITX or CONL.
Key characteristics
| BITX | CONL | |
|---|---|---|
| YTD Return | 173.81% | 74.56% |
| 1Y Return | 244.30% | 306.35% |
| Sharpe Ratio | 1.85 | 1.79 |
| Sortino Ratio | 2.52 | 2.82 |
| Omega Ratio | 1.29 | 1.32 |
| Calmar Ratio | 3.47 | 3.76 |
| Martin Ratio | 6.54 | 6.62 |
| Ulcer Index | 32.50% | 45.10% |
| Daily Std Dev | 114.71% | 167.04% |
| Max Drawdown | -61.28% | -82.62% |
| Current Drawdown | 0.00% | -30.61% |
Correlation
The correlation between BITX and CONL is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BITX vs. CONL - Performance Comparison
In the year-to-date period, BITX achieves a 173.81% return, which is significantly higher than CONL's 74.56% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BITX vs. CONL - Expense Ratio Comparison
BITX has a 1.85% expense ratio, which is higher than CONL's 1.15% expense ratio.
Risk-Adjusted Performance
BITX vs. CONL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x Bitcoin Strategy ETF (BITX) 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
BITX vs. CONL - Dividend Comparison
BITX's dividend yield for the trailing twelve months is around 7.94%, more than CONL's 0.18% yield.
| TTM | |
|---|---|
BITX Volatility Shares 2x Bitcoin Strategy ETF | 7.94% |
CONL GraniteShares 2x Long COIN Daily ETF | 0.18% |
Drawdowns
BITX vs. CONL - Drawdown Comparison
The maximum BITX drawdown since its inception was -61.28%, smaller than the maximum CONL drawdown of -82.62%. Use the drawdown chart below to compare losses from any high point for BITX and CONL. For additional features, visit the drawdowns tool.
Volatility
BITX vs. CONL - Volatility Comparison
The current volatility for Volatility Shares 2x Bitcoin Strategy ETF (BITX) is 36.00%, while GraniteShares 2x Long COIN Daily ETF (CONL) has a volatility of 82.00%. This indicates that BITX 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.