CONI vs. PLTZ

Last updated Jun 4, 2026

CONI (GraniteShares 2x Short COIN Daily ETF) and PLTZ (Defiance Daily Target 2X Short PLTR ETF) are both Inverse Equities funds. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. CONI charges 1.15%/yr vs 1.29%/yr for PLTZ.

Performance

CONI vs. PLTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Short COIN Daily ETF (CONI) and Defiance Daily Target 2X Short PLTR ETF (PLTZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CONI achieves a -17.97% return, which is significantly lower than PLTZ's 4.28% return.

CONI

• 1D: 12.23%
• 1M: 36.75%
• YTD: -17.97%
• 6M: 18.58%
• 1Y: -48.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PLTZ

• 1D: 13.03%
• 1M: -4.65%
• YTD: 4.28%
• 6M: -1.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CONI vs. PLTZ - Yearly Performance Comparison

	2026 (YTD)	2025
CONI GraniteShares 2x Short COIN Daily ETF	-17.97%	-40.53%
PLTZ Defiance Daily Target 2X Short PLTR ETF	4.28%	-64.39%

Correlation

The correlation between CONI and PLTZ is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025	0.51

Return for Risk

CONI vs. PLTZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CONI

CONI Risk / Return Rank: 7
CONI Sharpe Ratio Rank: 6
CONI Sortino Ratio Rank: 11
CONI Omega Ratio Rank: 12
CONI Calmar Ratio Rank: 4
CONI Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CONI vs. PLTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short COIN Daily ETF (CONI) and Defiance Daily Target 2X Short PLTR ETF (PLTZ). 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.

	CONI	PLTZ	Difference
Sharpe ratio Return per unit of total volatility	-0.35	—	—
Sortino ratio Return per unit of downside risk	0.35	—	—
Omega ratio Gain probability vs. loss probability	1.05	—	—
Calmar ratio Return relative to maximum drawdown	-0.65	—	—
Martin ratio Return relative to average drawdown	-0.83	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CONI	PLTZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.56	-0.62	+0.06

Drawdowns

CONI vs. PLTZ - Drawdown Comparison

The maximum CONI drawdown since its inception was -94.53%, which is greater than PLTZ's maximum drawdown of -70.28%. Use the drawdown chart below to compare losses from any high point for CONI and PLTZ.

Drawdown Indicators

	CONI	PLTZ	Difference
Max Drawdown Largest peak-to-trough decline	-94.53%	-70.28%	-24.25%
Max Drawdown (1Y) Largest decline over 1 year	-75.37%	—	—
Current Drawdown Current decline from peak	-89.94%	-62.87%	-27.07%
Average Drawdown Average peak-to-trough decline	-73.31%	-52.02%	-21.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	58.78%	—	—

Volatility

Volatility by Period

	CONI	PLTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	38.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	109.30%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	140.53%	101.99%	+38.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	127.77%	101.99%	+25.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	127.77%	101.99%	+25.78%

CONI vs. PLTZ - Expense Ratio Comparison

CONI has a 1.15% expense ratio, which is lower than PLTZ's 1.29% expense ratio.

Dividends

CONI vs. PLTZ - Dividend Comparison

CONI's dividend yield for the trailing twelve months is around 1.07%, while PLTZ has not paid dividends to shareholders.

Position	TTM	2025	2024
CONI GraniteShares 2x Short COIN Daily ETF	1.07%	0.87%	1.39%
PLTZ Defiance Daily Target 2X Short PLTR ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CONI and PLTZ in my portfolio?

CONI and PLTZ have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CONI or PLTZ?

On fees, CONI is cheaper at 1.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CONI or PLTZ?

CONI is cheaper with a 1.15% expense ratio, compared with 1.29% for PLTZ.

Which ETF pays a higher dividend yield, CONI or PLTZ?

CONI has the higher dividend yield at 1.07%, compared with 0.00% for PLTZ.

What is the main difference between CONI and PLTZ?

They also come from different issuers: GraniteShares and Defiance. Their fees differ too: 1.15% for CONI and 1.29% for PLTZ.