COIN vs. CONY
Compare and contrast key facts about Coinbase Global, Inc. (COIN) and YieldMax COIN Option Income Strategy ETF (CONY).
CONY is an actively managed fund by YieldMax. It was launched on Aug 14, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: COIN or CONY.
Key characteristics
| COIN | CONY | |
|---|---|---|
| YTD Return | 60.33% | 31.65% |
| 1Y Return | 184.10% | 84.10% |
| Sharpe Ratio | 2.36 | 1.43 |
| Sortino Ratio | 2.95 | 2.11 |
| Omega Ratio | 1.33 | 1.25 |
| Calmar Ratio | 2.78 | 2.42 |
| Martin Ratio | 8.79 | 5.62 |
| Ulcer Index | 23.06% | 16.26% |
| Daily Std Dev | 85.98% | 64.03% |
| Max Drawdown | -90.90% | -37.72% |
| Current Drawdown | -21.98% | -13.49% |
Correlation
The correlation between COIN and CONY is 0.97, 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
COIN vs. CONY - Performance Comparison
In the year-to-date period, COIN achieves a 60.33% return, which is significantly higher than CONY's 31.65% 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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Risk-Adjusted Performance
COIN vs. CONY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Coinbase Global, Inc. (COIN) and YieldMax COIN Option Income Strategy ETF (CONY). 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
COIN vs. CONY - Dividend Comparison
COIN has not paid dividends to shareholders, while CONY's dividend yield for the trailing twelve months is around 142.14%.
| TTM | 2023 | |
|---|---|---|
COIN Coinbase Global, Inc. | 0.00% | 0.00% |
CONY YieldMax COIN Option Income Strategy ETF | 142.14% | 16.43% |
Drawdowns
COIN vs. CONY - Drawdown Comparison
The maximum COIN drawdown since its inception was -90.90%, which is greater than CONY's maximum drawdown of -37.72%. Use the drawdown chart below to compare losses from any high point for COIN and CONY. For additional features, visit the drawdowns tool.
Volatility
COIN vs. CONY - Volatility Comparison
Coinbase Global, Inc. (COIN) has a higher volatility of 41.95% compared to YieldMax COIN Option Income Strategy ETF (CONY) at 32.82%. This indicates that COIN's price experiences larger fluctuations and is considered to be riskier than CONY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.