CONL vs. DUOG
CONL (GraniteShares 2x Long COIN Daily ETF) and DUOG (Leverage Shares 2X Long DUOL Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their 0.34 correlation means their historical movements had little consistent relationship. CONL charges 1.04%/yr vs 0.75%/yr for DUOG.
Performance
CONL vs. DUOG - Performance Comparison
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Returns By Period
In the year-to-date period, CONL achieves a -71.60% return, which is significantly lower than DUOG's -55.92% return.
CONL
- 1D
- -1.65%
- 1M
- -25.98%
- 6M
- -46.60%
- YTD
- -71.60%
- 1Y
- -86.56%
- 3Y*
- -32.06%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -35.07%
DUOG
- 1D
- -2.61%
- 1M
- 5.22%
- 6M
- 5.42%
- YTD
- -55.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $84.90M | $86.79M | $121.63M | |
| $402.79K | $350.33K | $687.09K |
CONL vs. DUOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CONL GraniteShares 2x Long COIN Daily ETF | -71.60% | -33.74% |
DUOG Leverage Shares 2X Long DUOL Daily ETF | -55.92% | -25.09% |
Correlation
The correlation between CONL and DUOG is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | 0.34 |
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Return for Risk
CONL vs. DUOG — Risk / Return Rank
CONL
DUOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CONL vs. DUOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long COIN Daily ETF (CONL) and Leverage Shares 2X Long DUOL Daily ETF (DUOG). 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 | DUOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.87 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | — | — |
| Martin ratioReturn relative to average drawdown | -1.26 | — | — |
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Drawdowns
CONL vs. DUOG - Drawdown Comparison
The maximum CONL drawdown since its inception was -95.30%, which is greater than DUOG's maximum drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for CONL and DUOG.
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Drawdown Indicators
| CONL | DUOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.30% | -83.13% | -12.17% |
Max Drawdown (1Y)Largest decline over 1 year | -91.79% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -95.30% | — | — |
Current DrawdownCurrent decline from peak | -95.12% | -66.98% | -28.14% |
Average DrawdownAverage peak-to-trough decline | -57.58% | -65.01% | +7.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.49% | — | — |
Volatility
CONL vs. DUOG - Volatility Comparison
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Volatility by Period
| CONL | DUOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 39.68% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 108.50% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 134.44% | 116.50% | +17.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 149.22% | 116.50% | +32.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 149.22% | 116.50% | +32.72% |
CONL vs. DUOG - Expense Ratio Comparison
CONL has a 1.04% expense ratio, which is higher than DUOG's 0.75% expense ratio.
Dividends
CONL vs. DUOG - Dividend Comparison
Neither CONL nor DUOG has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CONL GraniteShares 2x Long COIN Daily ETF | 0.00% | 0.00% | 0.31% |
DUOG Leverage Shares 2X Long DUOL Daily ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CONL and DUOG have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DUOG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DUOG is cheaper with a 0.75% expense ratio, compared with 1.04% for CONL.
CONL and DUOG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.04% for CONL and 0.75% for DUOG.
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