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

Correlation

The correlation between CONL and FNGU is 0.47, 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.


-0.50.00.51.00.5

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.

-60.00%-40.00%-20.00%0.00%20.00%40.00%60.00%80.00%JulyAugustSeptemberOctoberNovemberDecember
4.43%
46.32%
CONL
FNGU

Key characteristics

Sharpe Ratio

CONL:

0.25

FNGU:

2.02

Sortino Ratio

CONL:

1.71

FNGU:

2.35

Omega Ratio

CONL:

1.19

FNGU:

1.31

Calmar Ratio

CONL:

0.54

FNGU:

2.58

Martin Ratio

CONL:

0.94

FNGU:

8.58

Ulcer Index

CONL:

46.15%

FNGU:

17.41%

Daily Std Dev

CONL:

170.90%

FNGU:

73.81%

Max Drawdown

CONL:

-82.62%

FNGU:

-92.34%

Current Drawdown

CONL:

-48.83%

FNGU:

-14.19%

Returns By Period

In the year-to-date period, CONL achieves a 28.72% return, which is significantly lower than FNGU's 156.09% return.


CONL

YTD

28.72%

1M

-33.86%

6M

-15.31%

1Y

42.49%

5Y*

N/A

10Y*

N/A

FNGU

YTD

156.09%

1M

16.42%

6M

37.34%

1Y

161.35%

5Y*

58.71%

10Y*

N/A

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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.


Expense ratio chart for CONL: current value at 1.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.15%
Expense ratio chart for FNGU: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Risk-Adjusted Performance

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 chart of Sharpe ratio for CONL, currently valued at 0.25, compared to the broader market0.002.004.000.252.02
The chart of Sortino ratio for CONL, currently valued at 1.71, compared to the broader market-2.000.002.004.006.008.0010.001.712.35
The chart of Omega ratio for CONL, currently valued at 1.19, compared to the broader market0.501.001.502.002.503.001.191.31
The chart of Calmar ratio for CONL, currently valued at 0.54, compared to the broader market0.005.0010.0015.000.543.24
The chart of Martin ratio for CONL, currently valued at 0.94, compared to the broader market0.0020.0040.0060.0080.00100.000.948.58
CONL
FNGU

The current CONL Sharpe Ratio is 0.25, which is lower than the FNGU Sharpe Ratio of 2.02. 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.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
0.25
2.02
CONL
FNGU

Dividends

CONL vs. FNGU - Dividend Comparison

CONL's dividend yield for the trailing twelve months is around 0.25%, while FNGU has not paid dividends to shareholders.


Drawdowns

CONL vs. FNGU - Drawdown Comparison

The maximum CONL drawdown since its inception was -82.62%, 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.


-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-48.83%
-14.19%
CONL
FNGU

Volatility

CONL vs. FNGU - Volatility Comparison

GraniteShares 2x Long COIN Daily ETF (CONL) has a higher volatility of 47.83% compared to MicroSectors FANG+™ Index 3X Leveraged ETN (FNGU) at 22.37%. 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.


20.00%40.00%60.00%80.00%JulyAugustSeptemberOctoberNovemberDecember
47.83%
22.37%
CONL
FNGU