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CONL vs. FNGU
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

CONL vs. FNGU

Last updated May 14, 2025

Compare and contrast key facts about GraniteShares 2x Long COIN Daily ETF (CONL) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU).

CONL and FNGU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CONL is an actively managed fund by GraniteShares. It was launched on Aug 9, 2022. FNGU is a passively managed fund by Bank of Montreal that tracks the performance of the NYSE FANG (TR) (300%). It was launched on Jan 22, 2018.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CONL or FNGU.

Correlation

The correlation between CONL and FNGU is 0.52, 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. FNGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long COIN Daily ETF (CONL) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

CONL:

-0.18

FNGU:

0.34

Sortino Ratio

CONL:

0.87

FNGU:

1.08

Omega Ratio

CONL:

1.10

FNGU:

1.15

Calmar Ratio

CONL:

-0.44

FNGU:

0.49

Martin Ratio

CONL:

-0.76

FNGU:

1.16

Ulcer Index

CONL:

50.28%

FNGU:

26.69%

Daily Std Dev

CONL:

171.69%

FNGU:

93.57%

Max Drawdown

CONL:

-87.62%

FNGU:

-92.34%

Current Drawdown

CONL:

-67.83%

FNGU:

-37.65%

Returns By Period

In the year-to-date period, CONL achieves a -22.36% return, which is significantly higher than FNGU's -25.75% return.

CONL

YTD

-22.36%

1M

99.85%

6M

-58.24%

1Y

-31.12%

5Y*

N/A

10Y*

N/A

FNGU

YTD

-25.75%

1M

31.31%

6M

-17.58%

1Y

29.81%

5Y*

45.96%

10Y*

N/A

*Annualized

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CONL vs. FNGU - Expense Ratio Comparison

CONL has a 1.15% expense ratio, which is higher than FNGU's 0.95% expense ratio.

CONL
GraniteShares 2x Long COIN Daily ETF
FNGU
MicroSectors FANG+™ Index 3X Leveraged ETN

Risk-Adjusted Performance

CONL vs. FNGU — 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 2222
Overall Rank
The Sharpe Ratio Rank of CONL is 1010
Sharpe Ratio Rank
The Sortino Ratio Rank of CONL is 5050
Sortino Ratio Rank
The Omega Ratio Rank of CONL is 4040
Omega Ratio Rank
The Calmar Ratio Rank of CONL is 22
Calmar Ratio Rank
The Martin Ratio Rank of CONL is 66
Martin Ratio Rank
FNGU
The Risk-Adjusted Performance Rank of FNGU is 4949
Overall Rank
The Sharpe Ratio Rank of FNGU is 3434
Sharpe Ratio Rank
The Sortino Ratio Rank of FNGU is 6464
Sortino Ratio Rank
The Omega Ratio Rank of FNGU is 6161
Omega Ratio Rank
The Calmar Ratio Rank of FNGU is 5252
Calmar Ratio Rank
The Martin Ratio Rank of FNGU is 3535
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. FNGU - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long COIN Daily ETF (CONL) and MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU). 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 current CONL Sharpe Ratio is -0.18, which is lower than the FNGU Sharpe Ratio of 0.34. The chart below compares the historical Sharpe Ratios of CONL and FNGU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

CONL vs. FNGU - Dividend Comparison

Neither CONL nor FNGU has paid dividends to shareholders.

TTM2024
CONL
GraniteShares 2x Long COIN Daily ETF		0.00%0.31%
FNGU
MicroSectors FANG+™ Index 3X Leveraged ETN		0.00%0.00%

Drawdowns

CONL vs. FNGU - Drawdown Comparison

The maximum CONL drawdown since its inception was -87.62%, smaller than the maximum FNGU drawdown of -92.34%. Use the drawdown chart below to compare losses from any high point for CONL and FNGU. For additional features, visit the drawdowns tool.

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Volatility

CONL vs. FNGU - Volatility Comparison

GraniteShares 2x Long COIN Daily ETF (CONL) has a higher volatility of 45.78% compared to MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) at 24.61%. This indicates that CONL's price experiences larger fluctuations and is considered to be riskier than FNGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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