CONL vs. BTC-USD
Compare and contrast key facts about GraniteShares 2x Long COIN Daily ETF (CONL) and Bitcoin (BTC-USD).
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: CONL or BTC-USD.
Correlation
The correlation between CONL and BTC-USD is 0.49, 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
CONL vs. BTC-USD - Performance Comparison
Key characteristics
CONL:
-0.47
BTC-USD:
0.76
CONL:
-0.15
BTC-USD:
1.41
CONL:
0.98
BTC-USD:
1.14
CONL:
-0.93
BTC-USD:
0.55
CONL:
-1.58
BTC-USD:
3.60
CONL:
48.99%
BTC-USD:
11.11%
CONL:
165.50%
BTC-USD:
42.54%
CONL:
-83.73%
BTC-USD:
-93.07%
CONL:
-81.73%
BTC-USD:
-22.29%
Returns By Period
In the year-to-date period, CONL achieves a -55.91% return, which is significantly lower than BTC-USD's -11.71% return.
CONL
-55.91%
-28.79%
-25.83%
-76.29%
N/A
N/A
BTC-USD
-11.71%
-4.16%
36.04%
26.03%
65.06%
77.84%
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Risk-Adjusted Performance
CONL vs. BTC-USD — Risk-Adjusted Performance Rank
CONL
BTC-USD
CONL vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long COIN Daily ETF (CONL) and Bitcoin (BTC-USD). 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.
Drawdowns
CONL vs. BTC-USD - Drawdown Comparison
The maximum CONL drawdown since its inception was -83.73%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for CONL and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
CONL vs. BTC-USD - Volatility Comparison
GraniteShares 2x Long COIN Daily ETF (CONL) has a higher volatility of 58.55% compared to Bitcoin (BTC-USD) at 15.22%. This indicates that CONL's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.