CONL vs. LCID
CONL (GraniteShares 2x Long COIN Daily ETF) is Leveraged Equities fund actively managed by GraniteShares, while LCID (Lucid Group, Inc.) is a stock. Over the past 3 years, CONL returned -8.64%/yr vs -56.43%/yr for LCID. At a 0.40 correlation, their price movements are largely independent.
Performance
CONL vs. LCID - Performance Comparison
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Returns By Period
In the year-to-date period, CONL achieves a -63.14% return, which is significantly lower than LCID's -49.29% return.
CONL
- 1D
- -2.17%
- 1M
- -30.59%
- YTD
- -63.14%
- 6M
- -68.88%
- 1Y
- -83.91%
- 3Y*
- -8.64%
- 5Y*
- —
- 10Y*
- —
LCID
- 1D
- 4.28%
- 1M
- -5.63%
- YTD
- -49.29%
- 6M
- -54.65%
- 1Y
- -75.86%
- 3Y*
- -56.43%
- 5Y*
- -53.01%
- 10Y*
- —
CONL vs. LCID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CONL GraniteShares 2x Long COIN Daily ETF | -63.14% | -58.49% | 4.23% | 641.63% | -80.40% |
LCID Lucid Group, Inc. | -49.29% | -65.00% | -28.27% | -38.36% | -63.51% |
Correlation
The correlation between CONL and LCID is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.40 |
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Return for Risk
CONL vs. LCID — Risk / Return Rank
CONL
LCID
CONL vs. LCID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long COIN Daily ETF (CONL) and Lucid Group, Inc. (LCID). 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 | LCID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.77 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.89 | -0.01 |
| Martin ratioReturn relative to average drawdown | -1.23 | -1.32 | +0.10 |
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Drawdowns
CONL vs. LCID - Drawdown Comparison
The maximum CONL drawdown since its inception was -94.36%, roughly equal to the maximum LCID drawdown of -99.19%. Use the drawdown chart below to compare losses from any high point for CONL and LCID.
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Drawdown Indicators
| CONL | LCID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.36% | -99.19% | +4.83% |
Max Drawdown (1Y)Largest decline over 1 year | -92.57% | -84.98% | -7.59% |
Max Drawdown (3Y)Largest decline over 3 years | -94.36% | -94.21% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.15% | — |
Current DrawdownCurrent decline from peak | -93.66% | -99.08% | +5.42% |
Average DrawdownAverage peak-to-trough decline | -56.37% | -76.30% | +19.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.46% | 57.36% | +11.10% |
Volatility
CONL vs. LCID - Volatility Comparison
GraniteShares 2x Long COIN Daily ETF (CONL) has a higher volatility of 36.22% compared to Lucid Group, Inc. (LCID) at 22.77%. This indicates that CONL's price experiences larger fluctuations and is considered to be riskier than LCID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CONL | LCID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.22% | 22.77% | +13.45% |
Volatility (6M)Calculated over the trailing 6-month period | 102.76% | 52.03% | +50.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 139.79% | 78.04% | +61.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 149.68% | 81.64% | +68.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 149.68% | 86.75% | +62.93% |
Dividends
CONL vs. LCID - Dividend Comparison
Neither CONL nor LCID has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CONL GraniteShares 2x Long COIN Daily ETF | 0.00% | 0.00% | 0.31% |
LCID Lucid Group, Inc. | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CONL and LCID have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CONL has higher volatility (36.22%) compared to LCID (22.77%). In terms of maximum drawdown, CONL dropped -94.36% vs LCID's -99.19%.
CONL currently has the higher Sharpe Ratio (-0.62 vs -0.97), 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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