CONL vs. AAPL
CONL (GraniteShares 2x Long COIN Daily ETF) is Leveraged Equities fund actively managed by GraniteShares, while AAPL (Apple Inc) is a stock. Over the past 3 years, CONL returned -8.64%/yr vs 17.79%/yr for AAPL. At a 0.29 correlation, their price movements are largely independent.
Performance
CONL vs. AAPL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CONL achieves a -63.14% return, which is significantly lower than AAPL's 9.82% return.
CONL
- 1D
- -2.17%
- 1M
- -30.59%
- YTD
- -63.14%
- 6M
- -68.88%
- 1Y
- -83.91%
- 3Y*
- -8.64%
- 5Y*
- —
- 10Y*
- —
AAPL
- 1D
- 0.70%
- 1M
- -1.40%
- YTD
- 9.82%
- 6M
- 9.10%
- 1Y
- 52.20%
- 3Y*
- 17.79%
- 5Y*
- 18.57%
- 10Y*
- 29.98%
CONL vs. AAPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CONL GraniteShares 2x Long COIN Daily ETF | -63.14% | -58.49% | 4.23% | 641.63% | -80.40% |
AAPL Apple Inc | 9.82% | 9.05% | 30.71% | 49.01% | -21.06% |
Correlation
The correlation between CONL and AAPL is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.29 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CONL vs. AAPL — Risk / Return Rank
CONL
AAPL
CONL vs. AAPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long COIN Daily ETF (CONL) and Apple Inc (AAPL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CONL | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.94 | ||
| Sortino ratioReturn per unit of downside risk | -4.16 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.42 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 3.80 | -4.71 |
| Martin ratioReturn relative to average drawdown | -1.23 | 9.39 | -10.61 |
Loading charts...
Drawdowns
CONL vs. AAPL - Drawdown Comparison
The maximum CONL drawdown since its inception was -94.36%, which is greater than AAPL's maximum drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for CONL and AAPL.
Loading charts...
Drawdown Indicators
| CONL | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.36% | -81.80% | -12.56% |
Max Drawdown (1Y)Largest decline over 1 year | -92.57% | -13.80% | -78.77% |
Max Drawdown (3Y)Largest decline over 3 years | -94.36% | -33.36% | -61.00% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.52% | — |
Current DrawdownCurrent decline from peak | -93.66% | -5.45% | -88.21% |
Average DrawdownAverage peak-to-trough decline | -56.37% | -29.59% | -26.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.46% | 5.58% | +62.88% |
Volatility
CONL vs. AAPL - Volatility Comparison
GraniteShares 2x Long COIN Daily ETF (CONL) has a higher volatility of 36.22% compared to Apple Inc (AAPL) at 7.10%. This indicates that CONL's price experiences larger fluctuations and is considered to be riskier than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CONL | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.22% | 7.10% | +29.12% |
Volatility (6M)Calculated over the trailing 6-month period | 102.76% | 16.62% | +86.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 139.79% | 22.64% | +117.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 149.68% | 27.52% | +122.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 149.68% | 28.92% | +120.76% |
Dividends
CONL vs. AAPL - Dividend Comparison
CONL has not paid dividends to shareholders, while AAPL's dividend yield for the trailing twelve months is around 0.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.35% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
CONL GraniteShares 2x Long COIN Daily ETF | 0.00% | 0.00% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CONL and AAPL have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CONL has higher volatility (36.22%) compared to AAPL (7.10%). In terms of maximum drawdown, CONL dropped -94.36% vs AAPL's -81.80%.
AAPL currently has the higher Sharpe Ratio (2.32 vs -0.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for CONL and AAPL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer