CONL vs. META
CONL (GraniteShares 2x Long COIN Daily ETF) is Leveraged Equities fund actively managed by GraniteShares, while META (Meta Platforms, Inc.) is a stock. Over the past 3 years, CONL returned -8.64%/yr vs 27.49%/yr for META. At a 0.36 correlation, their price movements are largely independent.
Performance
CONL vs. META - 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 META's -12.40% return.
CONL
- 1D
- -2.17%
- 1M
- -30.59%
- YTD
- -63.14%
- 6M
- -68.88%
- 1Y
- -83.91%
- 3Y*
- -8.64%
- 5Y*
- —
- 10Y*
- —
META
- 1D
- 1.70%
- 1M
- -4.51%
- YTD
- -12.40%
- 6M
- -12.22%
- 1Y
- -16.77%
- 3Y*
- 27.49%
- 5Y*
- 12.05%
- 10Y*
- 17.78%
CONL vs. META - 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% |
META Meta Platforms, Inc. | -12.40% | 13.09% | 66.05% | 194.13% | -29.32% |
Correlation
The correlation between CONL and META is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.36 |
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Return for Risk
CONL vs. META — Risk / Return Rank
CONL
META
CONL vs. META - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long COIN Daily ETF (CONL) and Meta Platforms, Inc. (META). 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 | META | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.94 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.51 | -0.40 |
| Martin ratioReturn relative to average drawdown | -1.23 | -1.03 | -0.20 |
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Drawdowns
CONL vs. META - Drawdown Comparison
The maximum CONL drawdown since its inception was -94.36%, which is greater than META's maximum drawdown of -76.74%. Use the drawdown chart below to compare losses from any high point for CONL and META.
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Drawdown Indicators
| CONL | META | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.36% | -76.74% | -17.62% |
Max Drawdown (1Y)Largest decline over 1 year | -92.57% | -33.30% | -59.27% |
Max Drawdown (3Y)Largest decline over 3 years | -94.36% | -34.15% | -60.21% |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -76.74% | — |
Current DrawdownCurrent decline from peak | -93.66% | -26.69% | -66.97% |
Average DrawdownAverage peak-to-trough decline | -56.37% | -15.84% | -40.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.46% | 16.38% | +52.08% |
Volatility
CONL vs. META - Volatility Comparison
GraniteShares 2x Long COIN Daily ETF (CONL) has a higher volatility of 36.22% compared to Meta Platforms, Inc. (META) at 12.77%. This indicates that CONL's price experiences larger fluctuations and is considered to be riskier than META based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CONL | META | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.22% | 12.77% | +23.45% |
Volatility (6M)Calculated over the trailing 6-month period | 102.76% | 27.88% | +74.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 139.79% | 36.16% | +103.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 149.68% | 44.16% | +105.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 149.68% | 38.74% | +110.94% |
Dividends
CONL vs. META - Dividend Comparison
CONL has not paid dividends to shareholders, while META's dividend yield for the trailing twelve months is around 0.36%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CONL GraniteShares 2x Long COIN Daily ETF | 0.00% | 0.00% | 0.31% |
META Meta Platforms, Inc. | 0.36% | 0.32% | 0.34% |
Frequently Asked Questions
CONL and META have a correlation of 0.28, 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 META (12.77%). In terms of maximum drawdown, CONL dropped -94.36% vs META's -76.74%.
META currently has the higher Sharpe Ratio (-0.47 vs -0.62), 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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