CONL vs. MSTR
Compare and contrast key facts about GraniteShares 2x Long COIN Daily ETF (CONL) and MicroStrategy Incorporated (MSTR).
CONL is an actively managed fund by GraniteShares. It was launched on Aug 9, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CONL or MSTR.
Key characteristics
| CONL | MSTR | |
|---|---|---|
| YTD Return | 74.56% | 439.33% |
| 1Y Return | 306.35% | 596.51% |
| Sharpe Ratio | 1.79 | 5.53 |
| Sortino Ratio | 2.82 | 4.20 |
| Omega Ratio | 1.32 | 1.50 |
| Calmar Ratio | 3.76 | 6.70 |
| Martin Ratio | 6.62 | 27.26 |
| Ulcer Index | 45.10% | 21.03% |
| Daily Std Dev | 167.04% | 103.67% |
| Max Drawdown | -82.62% | -99.86% |
| Current Drawdown | -30.61% | -4.47% |
Correlation
The correlation between CONL and MSTR is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CONL vs. MSTR - Performance Comparison
In the year-to-date period, CONL achieves a 74.56% return, which is significantly lower than MSTR's 439.33% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CONL vs. MSTR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long COIN Daily ETF (CONL) and MicroStrategy Incorporated (MSTR). 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.
Dividends
CONL vs. MSTR - Dividend Comparison
CONL's dividend yield for the trailing twelve months is around 0.18%, while MSTR has not paid dividends to shareholders.
| TTM | |
|---|---|
CONL GraniteShares 2x Long COIN Daily ETF | 0.18% |
MSTR MicroStrategy Incorporated | 0.00% |
Drawdowns
CONL vs. MSTR - Drawdown Comparison
The maximum CONL drawdown since its inception was -82.62%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for CONL and MSTR. For additional features, visit the drawdowns tool.
Volatility
CONL vs. MSTR - Volatility Comparison
GraniteShares 2x Long COIN Daily ETF (CONL) has a higher volatility of 82.00% compared to MicroStrategy Incorporated (MSTR) at 32.85%. This indicates that CONL's price experiences larger fluctuations and is considered to be riskier than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.