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.
Key characteristics
| CONL | BTC-USD | |
|---|---|---|
| YTD Return | 74.56% | 115.46% |
| 1Y Return | 306.35% | 151.88% |
| Sharpe Ratio | 1.79 | 0.95 |
| Sortino Ratio | 2.82 | 1.65 |
| Omega Ratio | 1.32 | 1.16 |
| Calmar Ratio | 3.76 | 0.78 |
| Martin Ratio | 6.62 | 3.92 |
| Ulcer Index | 45.10% | 13.19% |
| Daily Std Dev | 167.04% | 44.42% |
| Max Drawdown | -82.62% | -93.07% |
| Current Drawdown | -30.61% | 0.00% |
Correlation
The correlation between CONL and BTC-USD is 0.50, 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
In the year-to-date period, CONL achieves a 74.56% return, which is significantly lower than BTC-USD's 115.46% 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
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 -82.62%, 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 82.16% compared to Bitcoin (BTC-USD) at 16.76%. 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.