CONL vs. NVDA
CONL (GraniteShares 2x Long COIN Daily ETF) is Leveraged Equities fund actively managed by GraniteShares, while NVDA (NVIDIA Corporation) is a stock. Over the past 3 years, CONL returned -8.64%/yr vs 70.37%/yr for NVDA. At a 0.43 correlation, their price movements are largely independent.
Performance
CONL vs. NVDA - 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 NVDA's 13.11% return.
CONL
- 1D
- -2.17%
- 1M
- -30.59%
- YTD
- -63.14%
- 6M
- -68.88%
- 1Y
- -83.91%
- 3Y*
- -8.64%
- 5Y*
- —
- 10Y*
- —
NVDA
- 1D
- 2.95%
- 1M
- -5.61%
- YTD
- 13.11%
- 6M
- 16.55%
- 1Y
- 45.02%
- 3Y*
- 70.37%
- 5Y*
- 62.53%
- 10Y*
- 68.15%
CONL vs. NVDA - 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% |
NVDA NVIDIA Corporation | 13.11% | 38.92% | 171.25% | 239.02% | -17.82% |
Correlation
The correlation between CONL and NVDA is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2022 | 0.43 |
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Return for Risk
CONL vs. NVDA — Risk / Return Rank
CONL
NVDA
CONL vs. NVDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long COIN Daily ETF (CONL) and NVIDIA Corporation (NVDA). 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 | NVDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.22 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 2.24 | -3.15 |
| Martin ratioReturn relative to average drawdown | -1.23 | 5.26 | -6.49 |
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Drawdowns
CONL vs. NVDA - Drawdown Comparison
The maximum CONL drawdown since its inception was -94.36%, which is greater than NVDA's maximum drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for CONL and NVDA.
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Drawdown Indicators
| CONL | NVDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.36% | -89.72% | -4.64% |
Max Drawdown (1Y)Largest decline over 1 year | -92.57% | -20.21% | -72.36% |
Max Drawdown (3Y)Largest decline over 3 years | -94.36% | -36.88% | -57.48% |
Max Drawdown (5Y)Largest decline over 5 years | — | -66.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.34% | — |
Current DrawdownCurrent decline from peak | -93.66% | -10.52% | -83.14% |
Average DrawdownAverage peak-to-trough decline | -56.37% | -36.16% | -20.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.46% | 8.58% | +59.88% |
Volatility
CONL vs. NVDA - Volatility Comparison
GraniteShares 2x Long COIN Daily ETF (CONL) has a higher volatility of 36.22% compared to NVIDIA Corporation (NVDA) at 12.86%. This indicates that CONL's price experiences larger fluctuations and is considered to be riskier than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CONL | NVDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.22% | 12.86% | +23.36% |
Volatility (6M)Calculated over the trailing 6-month period | 102.76% | 26.90% | +75.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 139.79% | 35.25% | +104.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 149.68% | 51.79% | +97.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 149.68% | 49.87% | +99.81% |
Dividends
CONL vs. NVDA - Dividend Comparison
CONL has not paid dividends to shareholders, while NVDA's dividend yield for the trailing twelve months is around 0.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CONL GraniteShares 2x Long COIN Daily ETF | 0.00% | 0.00% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVDA NVIDIA Corporation | 0.13% | 0.02% | 0.03% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% |
Frequently Asked Questions
CONL and NVDA have a correlation of 0.41, 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 NVDA (12.86%). In terms of maximum drawdown, CONL dropped -94.36% vs NVDA's -89.72%.
NVDA currently has the higher Sharpe Ratio (1.28 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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