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CONL vs. SPXL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between CONL and SPXL is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.5

Performance

CONL vs. SPXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long COIN Daily ETF (CONL) and Direxion Daily S&P 500 Bull 3X Shares (SPXL). The values are adjusted to include any dividend payments, if applicable.

-50.00%0.00%50.00%100.00%150.00%200.00%NovemberDecember2025FebruaryMarchApril
-8.60%
53.84%
CONL
SPXL

Key characteristics

Sharpe Ratio

CONL:

-0.40

SPXL:

0.11

Sortino Ratio

CONL:

0.23

SPXL:

0.55

Omega Ratio

CONL:

1.03

SPXL:

1.08

Calmar Ratio

CONL:

-0.76

SPXL:

0.12

Martin Ratio

CONL:

-1.39

SPXL:

0.44

Ulcer Index

CONL:

47.97%

SPXL:

13.62%

Daily Std Dev

CONL:

167.53%

SPXL:

57.22%

Max Drawdown

CONL:

-87.62%

SPXL:

-76.86%

Current Drawdown

CONL:

-77.45%

SPXL:

-33.27%

Returns By Period

In the year-to-date period, CONL achieves a -45.57% return, which is significantly lower than SPXL's -25.30% return.


CONL

YTD

-45.57%

1M

7.92%

6M

-38.15%

1Y

-62.83%

5Y*

N/A

10Y*

N/A

SPXL

YTD

-25.30%

1M

-15.21%

6M

-24.19%

1Y

7.52%

5Y*

31.36%

10Y*

19.27%

*Annualized

Compare stocks, funds, or ETFs

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CONL vs. SPXL - Expense Ratio Comparison

CONL has a 1.15% expense ratio, which is higher than SPXL's 1.02% expense ratio.


Expense ratio chart for CONL: current value is 1.15%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
CONL: 1.15%
Expense ratio chart for SPXL: current value is 1.02%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPXL: 1.02%

Risk-Adjusted Performance

CONL vs. SPXL — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CONL
The Risk-Adjusted Performance Rank of CONL is 1111
Overall Rank
The Sharpe Ratio Rank of CONL is 66
Sharpe Ratio Rank
The Sortino Ratio Rank of CONL is 2424
Sortino Ratio Rank
The Omega Ratio Rank of CONL is 2121
Omega Ratio Rank
The Calmar Ratio Rank of CONL is 00
Calmar Ratio Rank
The Martin Ratio Rank of CONL is 22
Martin Ratio Rank

SPXL
The Risk-Adjusted Performance Rank of SPXL is 3333
Overall Rank
The Sharpe Ratio Rank of SPXL is 2525
Sharpe Ratio Rank
The Sortino Ratio Rank of SPXL is 4141
Sortino Ratio Rank
The Omega Ratio Rank of SPXL is 4343
Omega Ratio Rank
The Calmar Ratio Rank of SPXL is 2929
Calmar Ratio Rank
The Martin Ratio Rank of SPXL is 2828
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

CONL vs. SPXL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long COIN Daily ETF (CONL) and Direxion Daily S&P 500 Bull 3X Shares (SPXL). 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.


The chart of Sharpe ratio for CONL, currently valued at -0.40, compared to the broader market-1.000.001.002.003.004.00
CONL: -0.40
SPXL: 0.11
The chart of Sortino ratio for CONL, currently valued at 0.23, compared to the broader market-2.000.002.004.006.008.00
CONL: 0.23
SPXL: 0.55
The chart of Omega ratio for CONL, currently valued at 1.03, compared to the broader market0.501.001.502.002.50
CONL: 1.03
SPXL: 1.08
The chart of Calmar ratio for CONL, currently valued at -0.76, compared to the broader market0.002.004.006.008.0010.0012.00
CONL: -0.76
SPXL: 0.12
The chart of Martin ratio for CONL, currently valued at -1.39, compared to the broader market0.0020.0040.0060.00
CONL: -1.39
SPXL: 0.44

The current CONL Sharpe Ratio is -0.40, which is lower than the SPXL Sharpe Ratio of 0.11. The chart below compares the historical Sharpe Ratios of CONL and SPXL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
-0.40
0.11
CONL
SPXL

Dividends

CONL vs. SPXL - Dividend Comparison

CONL has not paid dividends to shareholders, while SPXL's dividend yield for the trailing twelve months is around 1.07%.


TTM20242023202220212020201920182017
CONL
GraniteShares 2x Long COIN Daily ETF
0.00%0.31%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPXL
Direxion Daily S&P 500 Bull 3X Shares
1.07%0.74%0.98%0.33%0.11%0.22%0.84%1.02%3.88%

Drawdowns

CONL vs. SPXL - Drawdown Comparison

The maximum CONL drawdown since its inception was -87.62%, which is greater than SPXL's maximum drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for CONL and SPXL. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-77.45%
-33.27%
CONL
SPXL

Volatility

CONL vs. SPXL - Volatility Comparison

GraniteShares 2x Long COIN Daily ETF (CONL) has a higher volatility of 48.13% compared to Direxion Daily S&P 500 Bull 3X Shares (SPXL) at 41.59%. This indicates that CONL's price experiences larger fluctuations and is considered to be riskier than SPXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%20.00%40.00%60.00%80.00%NovemberDecember2025FebruaryMarchApril
48.13%
41.59%
CONL
SPXL