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CONL vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between CONL and BTC-USD is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.3

Performance

CONL vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long COIN Daily ETF (CONL) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

0.00%100.00%200.00%300.00%400.00%NovemberDecember2025FebruaryMarchApril
-8.60%
305.55%
CONL
BTC-USD

Key characteristics

Sharpe Ratio

CONL:

-0.40

BTC-USD:

2.03

Sortino Ratio

CONL:

0.23

BTC-USD:

2.63

Omega Ratio

CONL:

1.03

BTC-USD:

1.27

Calmar Ratio

CONL:

-0.76

BTC-USD:

1.83

Martin Ratio

CONL:

-1.39

BTC-USD:

9.11

Ulcer Index

CONL:

47.97%

BTC-USD:

11.34%

Daily Std Dev

CONL:

167.53%

BTC-USD:

42.81%

Max Drawdown

CONL:

-87.62%

BTC-USD:

-93.07%

Current Drawdown

CONL:

-77.45%

BTC-USD:

-11.50%

Returns By Period

In the year-to-date period, CONL achieves a -45.57% return, which is significantly lower than BTC-USD's 0.55% return.


CONL

YTD

-45.57%

1M

7.92%

6M

-38.15%

1Y

-62.83%

5Y*

N/A

10Y*

N/A

BTC-USD

YTD

0.55%

1M

8.10%

6M

40.97%

1Y

45.69%

5Y*

65.05%

10Y*

82.80%

*Annualized

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Risk-Adjusted Performance

CONL vs. BTC-USD — Risk-Adjusted Performance Rank

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

CONL
The Risk-Adjusted Performance Rank of CONL is 1111
Overall Rank
The Sharpe Ratio Rank of CONL is 66
Sharpe Ratio Rank
The Sortino Ratio Rank of CONL is 2424
Sortino Ratio Rank
The Omega Ratio Rank of CONL is 2121
Omega Ratio Rank
The Calmar Ratio Rank of CONL is 00
Calmar Ratio Rank
The Martin Ratio Rank of CONL is 22
Martin Ratio Rank

BTC-USD
The Risk-Adjusted Performance Rank of BTC-USD is 9191
Overall Rank
The Sharpe Ratio Rank of BTC-USD is 9393
Sharpe Ratio Rank
The Sortino Ratio Rank of BTC-USD is 8686
Sortino Ratio Rank
The Omega Ratio Rank of BTC-USD is 8888
Omega Ratio Rank
The Calmar Ratio Rank of BTC-USD is 9494
Calmar Ratio Rank
The Martin Ratio Rank of BTC-USD is 9393
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for CONL, currently valued at -0.33, compared to the broader market-1.000.001.002.003.004.00
CONL: -0.33
BTC-USD: 1.90
The chart of Sortino ratio for CONL, currently valued at 0.55, compared to the broader market-2.000.002.004.006.008.00
CONL: 0.55
BTC-USD: 2.52
The chart of Omega ratio for CONL, currently valued at 1.06, compared to the broader market0.501.001.502.002.50
CONL: 1.06
BTC-USD: 1.26
The chart of Calmar ratio for CONL, currently valued at -0.76, compared to the broader market0.002.004.006.008.0010.0012.00
CONL: -0.76
BTC-USD: 1.68
The chart of Martin ratio for CONL, currently valued at -1.24, compared to the broader market0.0020.0040.0060.00
CONL: -1.24
BTC-USD: 8.51

The current CONL Sharpe Ratio is -0.40, which is lower than the BTC-USD Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of CONL and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.00NovemberDecember2025FebruaryMarchApril
-0.33
1.90
CONL
BTC-USD

Drawdowns

CONL vs. BTC-USD - Drawdown Comparison

The maximum CONL drawdown since its inception was -87.62%, 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.


-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-77.45%
-11.50%
CONL
BTC-USD

Volatility

CONL vs. BTC-USD - Volatility Comparison

GraniteShares 2x Long COIN Daily ETF (CONL) has a higher volatility of 47.78% compared to Bitcoin (BTC-USD) at 16.24%. 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.


0.00%20.00%40.00%60.00%80.00%NovemberDecember2025FebruaryMarchApril
47.78%
16.24%
CONL
BTC-USD