CONL vs. FLSP
CONL (GraniteShares 2x Long COIN Daily ETF) and FLSP (Franklin Systematic Style Premia ETF) are both exchange-traded funds - CONL is a Leveraged Equities fund actively managed by GraniteShares, while FLSP is a Multistrategy fund actively managed by Franklin Templeton. Both are actively managed. Over the past 3 years, CONL returned -32.06%/yr vs 10.45%/yr for FLSP. Their -0.04 correlation means they have often moved in opposite directions in the past. CONL charges 1.04%/yr vs 0.65%/yr for FLSP.
Performance
CONL vs. FLSP - 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 FLSP's 4.94% 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%
FLSP
- 1D
- 1.15%
- 1M
- 3.98%
- 6M
- 3.68%
- YTD
- 4.94%
- 1Y
- 16.35%
- 3Y*
- 10.45%
- 5Y*
- 8.32%
- 10Y*
- —
- ALL TIME*
- 4.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $84.90M | $86.79M | $121.63M | |
| $2.77M | $2.50M | $2.86M |
CONL vs. FLSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CONL GraniteShares 2x Long COIN Daily ETF | -71.60% | -58.49% | 4.23% | 641.63% | -80.40% |
FLSP Franklin Systematic Style Premia ETF | 4.94% | 15.56% | 11.75% | 3.14% | 3.36% |
Correlation
The correlation between CONL and FLSP is -0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.10 |
Correlation (3Y) Balances recent behavior with more history. | -0.03 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | -0.04 |
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Return for Risk
CONL vs. FLSP — Risk / Return Rank
CONL
FLSP
CONL vs. FLSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long COIN Daily ETF (CONL) and Franklin Systematic Style Premia ETF (FLSP). 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 | FLSP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -3.86 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.32 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 4.08 | -5.02 |
| Martin ratioReturn relative to average drawdown | -1.26 | 12.15 | -13.41 |
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Drawdowns
CONL vs. FLSP - Drawdown Comparison
The maximum CONL drawdown since its inception was -95.30%, which is greater than FLSP's maximum drawdown of -22.75%. Use the drawdown chart below to compare losses from any high point for CONL and FLSP.
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Drawdown Indicators
| CONL | FLSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.30% | -22.75% | -72.55% |
Max Drawdown (1Y)Largest decline over 1 year | -91.79% | -4.03% | -87.76% |
Max Drawdown (3Y)Largest decline over 3 years | -95.30% | -6.69% | -88.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -9.52% | — |
Current DrawdownCurrent decline from peak | -95.12% | -0.25% | -94.87% |
Average DrawdownAverage peak-to-trough decline | -57.58% | -6.15% | -51.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.49% | 1.35% | +67.14% |
Volatility
CONL vs. FLSP - Volatility Comparison
GraniteShares 2x Long COIN Daily ETF (CONL) has a higher volatility of 39.68% compared to Franklin Systematic Style Premia ETF (FLSP) at 2.97%. This indicates that CONL's price experiences larger fluctuations and is considered to be riskier than FLSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CONL | FLSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 39.68% | 2.97% | +36.71% |
Volatility (6M)Calculated over the trailing 6-month period | 108.50% | 6.60% | +101.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 134.44% | 9.00% | +125.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 149.22% | 13.38% | +135.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 149.22% | 13.42% | +135.80% |
CONL vs. FLSP - Expense Ratio Comparison
CONL has a 1.04% expense ratio, which is higher than FLSP's 0.65% expense ratio.
Dividends
CONL vs. FLSP - Dividend Comparison
CONL has not paid dividends to shareholders, while FLSP's dividend yield for the trailing twelve months is around 2.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CONL GraniteShares 2x Long COIN Daily ETF | 0.00% | 0.00% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% |
FLSP Franklin Systematic Style Premia ETF | 2.53% | 2.65% | 1.18% | 1.19% | 2.18% | 1.19% | 8.08% |
Frequently Asked Questions
CONL and FLSP have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CONL has higher volatility (39.68%) compared to FLSP (2.97%). In terms of maximum drawdown, CONL dropped -95.30% vs FLSP's -22.75%.
On 3-year performance, FLSP leads with 10.45% vs -32.06% for CONL. On fees, FLSP is cheaper at 0.65% per year. On volatility, FLSP has been the lower-risk option at 2.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FLSP has performed better with a 10.45% return vs -32.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLSP is cheaper with a 0.65% expense ratio, compared with 1.04% for CONL.
FLSP has the higher dividend yield at 2.53%, compared with 0.00% for CONL.
CONL is categorized as Leveraged Equities, while FLSP is Multistrategy. They also come from different issuers: GraniteShares and Franklin Templeton. Their fees differ too: 1.04% for CONL and 0.65% for FLSP.
FLSP currently has the higher Sharpe Ratio (1.83 vs -0.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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