CONL vs. FUTG
CONL (GraniteShares 2x Long COIN Daily ETF) and FUTG (Leverage Shares 2X Long FUTU Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. CONL charges 1.15%/yr vs 0.75%/yr for FUTG.
Performance
CONL vs. FUTG - Performance Comparison
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Returns By Period
In the year-to-date period, CONL achieves a -62.12% return, which is significantly higher than FUTG's -75.53% return.
CONL
- 1D
- -12.32%
- 1M
- -38.47%
- YTD
- -62.12%
- 6M
- -75.31%
- 1Y
- -79.34%
- 3Y*
- -14.88%
- 5Y*
- —
- 10Y*
- —
FUTG
- 1D
- -11.10%
- 1M
- -70.24%
- YTD
- -75.53%
- 6M
- -77.00%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CONL vs. FUTG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CONL GraniteShares 2x Long COIN Daily ETF | -62.12% | -60.90% |
FUTG Leverage Shares 2X Long FUTU Daily ETF | -75.53% | -0.80% |
Correlation
The correlation between CONL and FUTG is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025 | 0.45 |
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Return for Risk
CONL vs. FUTG — Risk / Return Rank
CONL
FUTG
CONL vs. FUTG - 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 FUTU Daily ETF (FUTG). 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.
| CONL | FUTG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.93 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | — | — |
| Martin ratioReturn relative to average drawdown | -1.21 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CONL | FUTG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.20 | -0.66 | +0.46 |
Drawdowns
CONL vs. FUTG - Drawdown Comparison
The maximum CONL drawdown since its inception was -93.95%, which is greater than FUTG's maximum drawdown of -86.19%. Use the drawdown chart below to compare losses from any high point for CONL and FUTG.
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Drawdown Indicators
| CONL | FUTG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.95% | -86.19% | -7.76% |
Max Drawdown (1Y)Largest decline over 1 year | -92.02% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -93.95% | — | — |
Current DrawdownCurrent decline from peak | -93.48% | -84.29% | -9.19% |
Average DrawdownAverage peak-to-trough decline | -55.95% | -40.35% | -15.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 65.74% | — | — |
Volatility
CONL vs. FUTG - Volatility Comparison
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Volatility by Period
| CONL | FUTG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 38.02% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 101.03% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 139.40% | 136.01% | +3.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 149.93% | 136.01% | +13.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 149.93% | 136.01% | +13.92% |
CONL vs. FUTG - Expense Ratio Comparison
CONL has a 1.15% expense ratio, which is higher than FUTG's 0.75% expense ratio.
Dividends
CONL vs. FUTG - Dividend Comparison
Neither CONL nor FUTG has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CONL GraniteShares 2x Long COIN Daily ETF | 0.00% | 0.00% | 0.31% |
FUTG Leverage Shares 2X Long FUTU Daily ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CONL and FUTG have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FUTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FUTG is cheaper with a 0.75% expense ratio, compared with 1.15% for CONL.
CONL and FUTG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GraniteShares and Leverage Shares. Their fees differ too: 1.15% for CONL and 0.75% for FUTG.
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