CONL vs. BITU
Compare and contrast key facts about GraniteShares 2x Long COIN Daily ETF (CONL) and Proshares Ultra Bitcoin ETF (BITU).
CONL and BITU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CONL is an actively managed fund by GraniteShares. It was launched on Aug 9, 2022. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CONL or BITU.
Key characteristics
| CONL | BITU | |
|---|---|---|
| Daily Std Dev | 167.04% | 113.19% |
| Max Drawdown | -82.62% | -55.23% |
| Current Drawdown | -30.61% | 0.00% |
Correlation
The correlation between CONL and BITU is 0.74, 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
CONL vs. BITU - Performance Comparison
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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CONL vs. BITU - Expense Ratio Comparison
CONL has a 1.15% expense ratio, which is higher than BITU's 0.95% expense ratio.
Risk-Adjusted Performance
CONL vs. BITU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long COIN Daily ETF (CONL) and Proshares Ultra Bitcoin ETF (BITU). 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.
Not enough dataDividends
CONL vs. BITU - Dividend Comparison
CONL's dividend yield for the trailing twelve months is around 0.18%, more than BITU's 0.11% yield.
| TTM | |
|---|---|
CONL GraniteShares 2x Long COIN Daily ETF | 0.18% |
BITU Proshares Ultra Bitcoin ETF | 0.11% |
Drawdowns
CONL vs. BITU - Drawdown Comparison
The maximum CONL drawdown since its inception was -82.62%, which is greater than BITU's maximum drawdown of -55.23%. Use the drawdown chart below to compare losses from any high point for CONL and BITU. For additional features, visit the drawdowns tool.
Volatility
CONL vs. BITU - Volatility Comparison
GraniteShares 2x Long COIN Daily ETF (CONL) has a higher volatility of 82.00% compared to Proshares Ultra Bitcoin ETF (BITU) at 35.48%. This indicates that CONL's price experiences larger fluctuations and is considered to be riskier than BITU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.